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Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $187,000 with terms of 1/15, 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 $187,000 with terms of 1/15, n/45. Payment was made within the discount period. Shipping costs were $3,600, which included $220 for insurance in transit. Installation costs totaled $12,300, which included $4,300 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 $206,030. $204,530. Oo oo $199,030. $201,030

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