A trust document does not mention the treatment for depreciation. The state has adopted the Uniform Act. The t document states that depreciation is a charge against corpus. The trust results are the following: $$\begin{array} { l r }
\text { Business net profits } & \$ 2,000 \
\text { Rental income } & 1,000 \
\text { Depreciation } & 100 \
\text { Rent expense } & 100
\end{array}$$ Calculate net accounting income.

Question

A trust document does not mention the treatment for depreciation. The state has adopted the Uniform Act. The t document states that depreciation is a charge against corpus. The trust results are the following: $$\begin{array} { l r } 
\text { Business net profits } & \$ 2,000 \
\text { Rental income } & 1,000 \
\text { Depreciation } & 100 \
\text { Rent expense } & 100
\end{array}$$ Calculate net accounting income.

Quizplus · Accepted Answer

The Answer of A trust document does not mention the treatment for depreciation. The state has adopted the Uniform Act. The t document states that depreciation is a charge against corpus. The trust results are the following: $$\begin{array} { l r } 
\text { Business net profits } & \$ 2,000 \
\text { Rental income } & 1,000 \
\text { Depreciation } & 100 \
\text { Rent expense } & 100
\end{array}$$ Calculate net accounting income.

A Trust Document Does Not Mention the Treatment for Depreciation