Question: On September 1 5 , 2 0 2 2 , Stone Inc. purchased and placed into service an office building. The purchase price was $

On September 15,2022, Stone Inc. purchased and placed into service an office building. The purchase price was $5,650,000($4,725,000 building and $925,000 land). Stone Inc. was incorporated on March 5,2021, and is an accrual basis corporation that will use a calendar year-end (12/31).

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