1. total cost of the asset In January of year 1 , an entity acquired facial recognition software to improve security within the company, the cost of the asset is as follows: - Acquisition price: $200,000 - Recoverable taxes: \$15,000 - Non-recoverable taxes: $20,000 - Discounts: $35,000. - For the intangible to work properly, it is necessary to perform a calibration, this has a cost of $12,000. - As part of the staff training in the management of the software, the company incurred $8,000 What is the total cost of the asset