Question 7 Not yet answered Frank Fleming recently purchased some new equipment that he planed to use in his business. He paid $43600 for the equipment. He also paid $2300 in delivery and installation costs, $1500 in legal fees, and $4400 in sales taxes. What is Frank's basis in this equipment? [For your answer, please use whole number (no need to round) and ignore the dollar sign and the comma.] Points out of 1.00 Flag