Mr. Dennis purchased a machine for use in his business. Mr. Dennis' costs in connection with this purchase were as follows:Note to seller$33,000Cash paid to seller5,000State sales tax2,400Freight to place of business1,500Wages paid to workers to install machine4,200What is the amount of Mr. Dennis' basis in the machine?
A. $40,400
B. $41,900
C. $33,000
D. $46,100
Answer: D
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