Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $440,000. Shipping costs totaled $30,000. Foundation work to house the centrifuge cost $8,600. An additional water line had to be run to the equipment at a cost of $3,000. Labor and testing costs totaled $5,300. Materials used up in testing cost $2,600. The capitalized cost is:.
a. $489,900.
b. $470,000.
c. $481,600.
d. $489,500.
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Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $440,000. Shipping co...
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