Grab Manufacturing Co. purchased a ten-ton draw press at a cost of $182,000 with terms of 4/15,
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Grab Manufacturing Co. purchased a ten-ton draw press at a cost of $182,000 with terms of 4/15, n/45. Payment was made within the discount period. Shipping costs were $3,600, which included $220 for insurance in transit. Installation costs totaled $12,700, which included $4,400 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 ten-ton draw press is:
A. $191,020.
B. $186,620.
C. $174,720.
D. $193,020.
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