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A company purchased a 10-ton draw press at a cost of $180,000 with terms of...

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Accounting

A company purchased a 10-ton draw press at a cost of $180,000 with terms of 515/,n45/.515,n45. Payment was made within the discount period. Shipping costs were $4,600, which included $200 for insurance in transit. Installation costs totaled $12,000, which included $4,000 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

  • $183,600.

  • $171,000.

  • $185,760.

  • $187,600.

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