Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $350,000. Shipping costs totaled $30,000. Foundation work to house the centrifuge cost $8,800. An additional water line had to be run to the equipment at a cost of $3,400. Labor and testing costs totaled $5,500. Materials used up in testing cost $2,500. The capitalized cost is: Solution $402,600. .