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

Jose purchased a delivery van for his business through an online auction. His winning bid for the van was $$46,250.$ In addition, Jose incurred the following expenses before using the van: shipping costs of $$1,170$; paint to match the other fleet vehicles at a cost of $$1,320$; registration costs of $$3,924,$ which included $$3,700$ of sales tax and an annual registration fee of $$224$; wash and detailing for $$148$; and an engine tune$-$up for $$280.$

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