Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $370,000. Shipping costs totaled $18,000. Foundation work to house the centrifuge cost $8,700. An additional water line had to be run to the equipment at a cost of $2,100. Labor and testing costs totaled $6,300. Materials used up in testing cost $2,200. The capitalized cost is: a. $398,800. b. $388,000. c. $407,300. d. $409,200.
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