Solved: State law requires the depreciation be charged to principal, Accounting Basics

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State law requires the depreciation be charged to principal

Question - A trust distributes 30% of its income to Mark and 20% to Nancy. The remaining 50% is accumulated. The trust's depreciation is $1,000. The trust instrument is silent regarding the depreciation deduction. State law requires the depreciation be charged to principal. What part of the depreciation deduction will be allocated to Mark?

a. $0

b. $200

c. $300

d. $1,000

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Accounting Basics: State law requires the depreciation be charged to principal

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