Plant purchased on 1/1/2018: Purchase price (incl. VAT) Import duties . Installation cost (incl. VAT) Fuel (incurred when transporting plant to factory) Staff party to celebrate acquisition of new planf Admin costs Staff training Testing to ensure plant fully operational before start (incl. VAT) Proceeds from sale of samples made during testing (incl. VAT) Advertising of new products made by plant (incl. VAT) Initial operating losses Estimated costs of dismantling at end of useful life (PV) 570 000 100 000 34 200 45 000 14 000 10 000 12 000 10 980 14 820 50 000 35 000 27 020 All amounts are exclusive of VAT unless stated otherwise. The company is a registered VAT vendor). Assume a standard VAT rate of 15% Calculate the cost to be capitalised/recognised to the plant account