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

Question

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

A Trust Document Does Not Mention the Treatment for Depreciation