A company purchased a high—speed industrial centrifuge at a cost of $420,000. Shipping costs totaled $12,000. Foundation work to house the centrifuge cost $8,800. An additional water line had to be run to the equipment at a cost of $2,300. Labor and testing costs totaled $5,200. Materials used up in testing cost $2,300. 

What is the capitalized cost?

Answer rating: 100% (QA)

The capitalized cost includes all costs necessary to acquire prepare an... View the full answer