Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $181,000 with terms of 5/15, n/45. Payment was made within the discount period. Shipping costs were $3,600, which included $270 for insurance in transit. Installation costs totaled $11,400, which included $3,700 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

• $184,950.

• $186,950.

• $191,950.

• $190,450.