Able and Baker organized Ace Corp., which issued voting common stock with a fair market value of $$120,000.$ They each transferred property in exchange for stock as follows:

Able contributed land and building with FMV $$82,000$ and an adjusted basis of $$40,000.$ Subject to a mortgage of $$10,000$ assumed by Ace Corp in exchange for $60\%$ of the stock

Baker contributed Land with a FMV of $$48,000$ and an adjusted basis of $$5,000$ for $40\%$ of the stock.

What is Ace Corp's Basis in the building contributed by Able?