Question: Problem 2 - 3 9 ( LO 2 - 1 ) ( Algo ) Emily purchased a building to store inventory for her business. The
Problem LO Algo
Emily purchased a building to store inventory for her business. The purchase price was $ Emily also paid legal fees of $ to acquire the building. In March, Emily incurred $ to repair minor leaks in the roof from storm damage eagrlier in the month and $ to make the interior suitable for her finished goods.
What is Emily's cost basis in the new building?
Cost basis
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