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A used machine with a purchase price of $31,861.00, requiring an overhaul costing $8,515.00, installation costs of $5,778.00, and special acquisition fees of $23,236.00, would

A used machine with a purchase price of $31,861.00, requiring an overhaul costing $8,515.00, installation costs of $5,778.00, and special acquisition fees of $23,236.00, would have a cost basis of Select the correct answer $106,919.00 $69,390.00 $40,376.00 $31,861.00

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