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Problem 1 0 - 3 9 ( LO 1 0 - 1 ) ( Algo ) Emily purchased a building to store inventory for her

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?

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