Question: Problem 2 - 3 9 ( LO 2 - 1 ) ( Algo ) Emily purchased a building to store inventory for her business. The

Problem 2-39(LO 2-1)(Algo)
Emily purchased a building to store inventory for her business. The purchase price was $925,000. Emily also paid legal fees of $570, to acquire the building. In March, Emily incurred $2,000 to repair minor leaks in the roof (from storm damage eagrlier in the month) and $5,100 to make the interior suitable for her finished goods.
What is Emily's cost basis in the new building?
Cost basis
 Problem 2-39(LO 2-1)(Algo) Emily purchased a building to store inventory for

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