Grab Manufacturing Co. purchased a ten-ton draw press at a cost of $171,000 with terms of 1/15,… 1 answer below »

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:

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *