Beta Ltd is a company registered for VAT. They recently purchased a new item of machinery and the following costs were incurred:

List price	158,000
VAT at 20%	31,600
	189,600
All the following costs are net of VAT:
Delivery to site and installation	1,250
Five year warranty	7,600
Staff training	3,100
New electrical supply to installation site	540

What is the initial cost of the asset to be included in the accounting records?