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Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $180,000 with terms...

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Accounting

Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $180,000 with terms of 5/15, n/45. Payment was made after the discount period. Shipping costs were $4,600, which included $200 for insurance in transit. Installation costs totaled $8,000, and an additional $4,000 was paid to take out a section of a wall and rebuild it because the press was too large for the doorway. The capitalized cost of the 10-ton draw press is:

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