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Problem 1 0 - 3 9 ( LO 1 0 - 1 ) ( Algo ) Emily purchased a building to store inventory for her
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 earlier in the month and $ to make the interior suitable for her finished goods.
What is Emily's cost basis in the new building?
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