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Provincial Inc. purchased a 10-ton draw press at a cost of $186,000 with terms of 2/15, n/45. Payment was made within the discount period. Shipping

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Provincial Inc. purchased a 10-ton draw press at a cost of $186,000 with terms of 2/15, n/45. Payment was made within the discount period. Shipping costs were $4,800, which included $400 for insurance in transit. Installation costs totaled $12,000, which included $4,200 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 $197,080 $202,580. $204,080 $199,080

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