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scoundrel [369]
3 years ago
15

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?

Business
1 answer:
lisov135 [29]3 years ago
5 0

Answer:

Please see attachment

Explanation:

Please see attachment

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