Bruce purchased new machinery for his business in August of the current tax year. The original cost of the machinery was $195,000. He had the following expenses related to he new machinery.

- Enhancements to the equipment made in August - $4,800

- Repairs - $3,215

- Depreciation - $39,000

- Shipping - $7,800

- Installation - $10,450

What is the adjusted basis of the machinery at the end of the year?

a) $179,050

b) $213,250

c) $218,050

d) $182,265