Bradley, an accountant, needed new office equipment. One of his clients owns a computer store and offered to provide the equipment of Bradley's choice in exchange for a full year of bookkeeping services. The estimated value of his services is $8,000. The FMV of the equipment is $7,500. Bradley's client paid $450 for shipping and taxes when he purchased the equipment. What is Bradley's basis in the office equipment?

a) $7,500

b) $8,000

c) $7,950

d) $8,450