Grab Manufacturing Co. purchased a ten-ton draw press at a cost
of $171,000 with terms of 1/15, n/45. Payment was made within the
discount period. Shipping costs were $4,800, which included $280
for insurance in transit. Installation costs totaled $11,200, which
included $4,800 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:
This question was answered on: Dec 08, 2020
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