Taxation Class

Jose purchased a delivery van for his business through an online auction. His winning bid for the van was $43,750. In addition, Jose incurred the following expenses before using the van: shipping costs of $1,040; paint to match the other fleet vehicles at a cost of $1,660; registration costs of $3,889, which included $3,600 of sales tax and a registration fee of $289; wash and detailing for $145; and an engine tune-up for $357. What is Jose's cost basis for the delivery van? Cost basis