Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $330,000. Shipping costs totaled $20,000. Foundation work to house the centrifuge cost $7,900. An additional water line had to be run to the equipment at a cost of $3,200. Labor and testing costs totaled $6,000. Materials used up in testing cost $2,300. The capitalized cost is:
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Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $330,000. Shipping co...
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