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Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $176,000 with terms of 2/15, n/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 $176,000 with terms of 2/15, n/45. Payment was made within the discount period. Shipping costs were $3,800, which included $210 for insurance in transit. Installation costs totaled $11,200, which included $4,100 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 O $192,480. O $187,480 $190,980. O $185,480

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