What is the capitalized cost

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Question: Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $500,000. Shipping costs totaled $16,000. Foundation work to house the centrifuge cost $7,900. An additional water line had to be run to the equipment at a cost of $3,300. Labor and testing costs totaled $5,500. Materials used up in testing cost $3,900. The capitalized cost is?

Reference no: EM131884506

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