ABC Ltd has purchased an item of plant whose details are as follows:

	$	$
Basic list price of the plant		250 000
Trade discount applicable to ABC Ltd 15% on	15% on list price
Ancillary costs:
Shipping and handling		2 500
Pre-production testing		10 000
Maintenance contract for 2 years		18 000
Site preparation costs:
Electrical cable installation	12 000
Concrete reinforcement	5 000
Concrete reinforcement	3 000
		20 000

ABC Ltd paid for the plant (excluding ancillary costs) within 30 days, obtaining an early settlement discount of 20%. ABC Ltd had incorrectly specified the power loading of the electrical cable to be installed by the contractor. The cost of rectifying this error of $5 000 is included in the figure of $12 000 above. The plant has an estimated useful life of 10 years, at the end of which there will be compulsory costs of $10 000 to dismantle the plant and $4 000 to restore the site to its original condition. Required Calculate the amount at which the initial cost of the plant should be shown.