During the current year, Jessica, Ed and Terri form the JET $($JET$)$ Corporation. Jessica contributes land having a $$45,000$ fair market value $($FMV$)$ purchased four years ago $($at a cost of $$25,000)$ as an investment, in exchange for $45$ shares of JET common stock. Ed contributes machinery $($Section $1231$ property$)$ purchased two years ago and used in his business, for $35$ shares of JET stock. Immediately before the exchange, the machinery had an adjusted basis of $$45,000$ to Ed $($original cost of $$80,000)$ and a $$35,000$ FMV$.$ Terri contributes services worth $$20,000$ in exchange for $20$ shares of JET stock. What basis does JET take in the machinery obtained from Ed$?$

$$0$

$$35,000$

$$45,000$

$$80,000$

Can not be determined given the information provided.