Company M Pte Ltd $($Company M$)$ purchased a new piece of equipment at a price of $$118,000,$ excluding tax of $$8,260$ on $1$ March $20$x$7.$ The company incurred delivery costs of $$3,800$ to transport the equipment from the manufacturer to the company's factory, and paid installation costs of $$9,800.$ Company M employed a worker on $1$ March $20$x$7$ to operate the equipment. The worker receives a salary of $$5,700$ per month. Training was provided to the worker in March $20$x$7$ at cost of $$9,200.$ Company M is not registered for GST in Singapore.

With reference to Singapore Financial Reporting Standard $($SFRS$)16$ Property, Plant, and Equipment, determine the transactions to be recognised as part of the initial cost of the asset in Company M Pte Ltd$\text{'}$s books in $20$x$7.$