Jones Inc. recently purchased a large piece of equipment that they will use at their distribution center to sort packages for many years to come. The company incurred the following costs associated with the new piece of equipment:

Purchase price: $$250,000$

Delivery fee: $$15,000$

Customs fees for importing the equipment: $$5,000$

Training fee, to have the equipment manufacturer train Jones workers on how to use the equipment: $$10,000$

Installation of a new platform where the machine will be mounted: $$25,000$

Electricity costs of running the pre$-$production trials and training sessions: $$500$

Regular maintenance costs incurred during the first month of normal production: $$2,500$

The purchase of spare parts associated with future repairs to the machine: $$5,000$

The wages of the machine operators associated with the first month of normal production: $$1,500$

How much should Jones capitalize in association with the new project?