Holiday laboratories purchased a high-speed industrial

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Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $490,000. Shipping costs totaled $27,000. Foundation work to house the centrifuge cost $7,700. An additional water line had to be run to the equipment at a cost of $3,800. Labor and testing costs totaled $5,900. Materials used up in testing cost $3,800. The capitalized cost is?

Reference no: EM13589575

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