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Title: Little Trust, whose trust instrument is silent with respect to depreciation, collects rental income ... Post by: safezone on Feb 15, 2017 Little Trust, whose trust instrument is silent with respect to depreciation, collects rental income of $20,000 and pays property taxes of $1,000. Depreciation expense is $5,000.
Little Trust is in a state where all depreciation is charged to principal. What is the trust's net accounting income? Title: Re: Little Trust, whose trust instrument is silent with respect to depreciation, collects rental ... Post by: genflynn on Feb 15, 2017 Content hidden
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