LO.6 Benevolent, Inc., an exempt organization, owns the following properties. Calculate the adjusted basis to Benevolent of its debt-financed property.

Property Basis Acquisition Indebtedness

% Used in Exempt Purpose Building A $400,000 $300,000 100%

Building B 450,000 –0– 90 Building C 600,000 200,000 85 Building D 900,000 500,000 70