ose purchased a delivery van for his business through an online auction. His winning bid for the van was $40,250. In addition, Jose incurred the following expenses before using the van: shipping costs of $1,030; paint to match the other fleet vehicles at a cost of $1,620; registration costs of $3,376, which included $3,100 of sales tax and an annual registration fee of $276; wash and detailing for $124; and routine maintenance for $290.

What is Jose's cost basis for the delivery van?