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Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $171,000 with terms of 2/15, 1/45. Payment was made within the discount period,

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Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $171,000 with terms of 2/15, 1/45. Payment was made within the discount period, Shipping costs were $5,300, which included $380 for insurance in transit. Installation costs totaled $12.100, which included $4,800 for taking out a section of a wall and rebullding it because the press was too large for the doorway. The capitalized cost of the 10-tn draw press is: Multiple Choice $189.980 S18B 480 $182.980 $184,980

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