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Business, 02.12.2019 23:31 lex7429

Emily purchased a building to store inventory for her business. the purchase price was $760,000. emily also paid legal fees of $300 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 $5,000 to make the interior suitable for her finished goods.

what is emily’s cost basis in the new building?

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