LO.6 Crow, Inc., an exempt organization, owns a building that cost $800,000. Depreciation of $300,000 has been deducted. The building is mortgaged for $600,000. The mortgage was incurred at the acquisition date. The building contains 10,000 square feet of floor space. Crow uses 8,000 square feet of the building in carrying on its exempt purpose and leases the remaining 2,000 square feet to Uranium Corporation. Is the building debt-financed property? Why or why not?