Oregon Manufacturing Co. purchased a 10-ton draw press at a cost of $171,000 with terms of 3/15, n/45. Payment was made within the discount period. Shipping costs were $4,200, which included $340 for insurance in transit. Installation costs totaled $12,600, which included $4,600 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:
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Oregon Manufacturing Co. purchased a 10-ton draw press at a cost of $171,000 with terms of 3/15, n/4...
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