Purchased a high-speed industrial centrifuge

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Reference no: EM13776541

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:

$489,900.

$470,000.

$481,600.

$489,500.

Reference no: EM13776541

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