TB EX Qu. 7-188 Holiday Laboratories purchased a high speed industrial... Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $460,000. Shipping costs totaled $11,900. Foundation work to house the centrifuge cost $6,200. An additional water line had to be run to the equipment at a cost of $3,300. Labor and testing costs totaled $4,700. Materials used up in testing cost $2,000. (Leave no cells blank. Enter O where needed.) a. What is the total cost of the equipment? Cost of the equipment b. How much of this amount should be expensed immediately? Immediately expensed