Problem $10-38(LO10-1)(Algo)$

Jose purchased a delivery van for his business through $an$ online auction. His winning bid for the van was

$$40,500.In$ addition, Jose incurred the following expenses before using the van: shipping costs $of$ $$1,300$;

paint $to$ match the other fleet vehicles $at$ a cost $of$ $$1,940$; registration costs $of$ $$2,429,$ which included $$2,200$

$of$ sales tax and $an$ annual registration fee $of$ $$229$; wash and detailing for $$53$; and $an$ engine tune$-up$ for

$$253.$

What $is$ Jose's cost basis for the delivery van?