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? Spilker, Brian; Spilker, Brian. McGraw-Hill's Taxation of Business Entities 2019 Edition (Kindle Locations 3792-3794). McGraw-Hill Higher Education. Kindle Edition.