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Biggert Laboratories purchased a high-speed industrial ziggywig machine at a cost of $420,000....

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Accounting

Biggert Laboratories purchased a high-speed industrial ziggywig machine at a cost of $420,000. Shipping costs totaled $15,000. Foundation work to house the ziggywig cost $8,000. An additional water line had to be run to the equipment at a cost of $3,000. Labor and testing costs totaled $6,000. Materials used up in testing cost $3,000. The capitalized cost is:
$435,000.
$446,000.
$455,000.
$437,000.
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