A Private Limited Co. bought a special bread-making plant on 1 January 2016, details of which follow:

Purchase price (including Tax of 17%) 570,000

Import duties - non-refundable 100,000

Installation costs 30,000

Fuel (incurred when transporting theplant to the factory) 45,000

Administration costs 10,000

Staff party to celebrate the acquisition of the new plant 14,000

Staff training 12,000

Testing to ensure plant fully operational before start of production 10,980

Proceeds from sale of samples and by-products made during testing 13,000

Advertising of the 'special bread' to be made by the new plant 50,000

Initial operating loss 35,000

The initial operating loss was incurred as a result of having to dump unsold 'special bread' at sea since the advertising had not yet created sufficient demand. The company is registered as a 'Sales Tax vendor'.

Required

Calculate the cost to be capitalized to the plant account