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:
Calculate net accounting income.
Definitions:
Salvage Value
The expected end-of-life residual value of an asset.
Net Present Value
Net present value is the calculation to determine the present value of a series of future cash flows minus the initial investment cost, used to assess the profitability of investments.
Net Cash Inflows
The total amount of money received from an investment, project, or business operation, after deducting all associated cash outflows.
Discount Rate
The discount rate applied in the computation of present value through discounted cash flow analysis for future cash flows.
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