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show work 5. John purchases a delivery van at an online auction for his new business. Prior to using the van, the following costs were
show work 5. John purchases a delivery van at an online auction for his new business. Prior to using the van, the following costs were incurred. The cost of the van is $35,000. Shipping costs are $400. Sales tax on the van is $2,500. Shipping insurance was $200. The van was washed for an additional $25 and received a tune-up which costs $200. What is the tax basis of the delivery van
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