During the Current Year, Tony Purchased New Car Wash Equipment

During the current year, Tony purchased new car wash equipment for use in his service station business. Tony's costs in connection with the new equipment this year were as follows: $$\begin{array} { | l | r | } \hline \text { Cost of the equipment } & \$ 45,000 \\\hline \text { Sales tax on the equipment } & 4,000 \\\hline \text { Delivery charges } & 600 \\\hline \text { Installation and testing charges } & 3,000 \\\hline \text { Expenses of operating the equipment } & 2,000 \\\hline\end{array}$$ What is Tony's basis in the car wash equipment?

A) $49,000
B) $49,600
C) $52,600
D) $54,600