Depreciation is optional under the Revised Uniform Principal and Income Act (of 1962).

Name: Depreciation is optional under the Revised Uniform Principal and Income Act (of 1962).
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Under the Revised Uniform Principal and Income Act, depreciation is not optional; it is a required accounting process to allocate the cost of tangible assets over their useful lives, ensuring accurate reflection of asset value and income for trusts and estates.

Depreciation Is Optional Under the Revised Uniform Principal and Income