San Andreas Vaults (SAV) purchased asecond-hand computerised bank vaultat a cost of$40,000. Delivery charges were $2,000, and it required $7,000 of repairs to get it ready for initial use. After six months use it required routine maintenance costing $1,200.

At what cost value should SAV record this vault?

Select one:

a.$40,000

b.$49,000

c.$50,200

d.$48,200

e.$42,000