Problem $10-39($LO $10-1)($Algo$)$

Emily purchased a building to store inventory for her business. The purchase price was $$890,000.$ Emily also paid legal fees of $$700$ to acquire the building. In March, Emily incurred $$2,000$ to repair minor leaks in the roof $($from storm damage earlier in the month$)$ and $$3,800$ to make the interior suitable for her finished goods.

What is Emily's cost basis in the new building?

Cost basis