Grab manufacturing co. purchased a 10-ton draw press at a cost of $180,000 with terms of 5/15, n/45. payment was made within the discount period. shipping costs were $4,600, which included $200 for insurance in transit. installation costs totaled $12,000, which included $4,000 for taking out a section of a wall and rebuilding it because the press was too large for the doorway. the capitalized cost of the 10-ton draw press is:
a. $171,000.
b. $183,600.
c. $187,600.
d. $185,760.
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Grab manufacturing co. purchased a 10-ton draw press at a cost of $180,000 with terms of 5/15, n/45....
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