The components of the cost of a major item of equipment are given below:

		$
Purchase price		780,000
Import duties		117,000
VAT (refundable)		78,000
Site preparation		30,000
Installation		28,000
Testing		10,000
Initial losses before asset reaches planned performance		50,000
Discounted cost of dismantling and removal at end of useful life		40,000
		1,133,000

Required:

Calculate the cost that will be included in tangible noncurrent asset additions.

NEED ANSWER ASAP