Dennis purchased a machine for use in his business. Mr. Dennis' costs in connection with this purchase were as follows: 
What is the amount of Mr. Dennis' basis in the machine?
Definitions:
Net Income
The total profit of a company after all expenses and taxes have been deducted from revenue.
Operating Activities
Business activities directly related to the production and delivery of goods and services, reflecting the company's core operations.
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.
Publicly Traded
A company is described as publicly traded when its shares are bought and sold on public stock exchanges.
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