Grab Manufacturing Co Purchased A Ten Ton Draw Press At A Cost Of 182 000 With T

Grab Manufacturing Co. purchased a ten-ton draw press at a cost of $182,000 with terms of 5/15 n/45. Payment was made within the discount period. Shipping costs were $5,300, which included $310 for insurance in transit. Installation costs totaled $12,900, which included $4,900 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:

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