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Compute the capitalized cost of the draw press

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Question - Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $181,000 with terms of 3/15, n/45. Payment was made within the discount period. Shipping costs were $3,900, which included $320 for insurance in transit. Installation costs totaled $11,800, which included $4,100 for taking out a section of a wall and rebuilding it because the press was too large for the doorway. Compute the capitalized cost of the 10-ton draw press?

Reference no: EM133127856

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