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Gryffindor Manufacturing Co. purchased a sword-making machine at a cost of $179,000 with terms of 2/15, n/45. Gryffindor paid within the discount period. Shipping costs
Gryffindor Manufacturing Co. purchased a sword-making machine at a cost of $179,000 with terms of 2/15, n/45. Gryffindor paid within the discount period. Shipping costs were $5,000. Installation costs totaled $12,700, which included $5,200 for taking out a section of a wall and rebuilding it because the machine was too large for the doorway despite efforts to enlarge the doorway using magic. What is the capitalized cost of the sword-making machine?
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