A company purchased a 10-ton draw press at a cost of $180,000 with terms of 515/,n45/.515,n45. 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:

Multiple Choice

• $183,600.

• $171,000.

• $185,760.

• $187,600.