Donald owns and operates an orange grove in Florida that produces the best orange juice in the region. He purchased new equipment for $$52,000$ that helps process the oranges to juice and waste. He also incurred the following expenses:

Sales tax

Shipping costs

Safety tests run on new machine

Overtime pa$$d to employees to set up new equipment on the welyend $$1,000$

What is the initial basis of the new equipment?

Initial basis

$