The Depreciation Deductions of a Trust Usually Are Allocable to ____________________

question 78

Short Answer

The depreciation deductions of a trust usually are allocable to ____________________ beneficiaries.
or

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Definitions:

Carrying Amount

The book value of an asset or liability on a company's balance sheet, calculated as the original cost minus any depreciation, amortization, or impairment costs.

Depreciation

Depreciation is the systematic allocation of the cost of a tangible asset over its useful life, reflecting its wear and tear, obsolescence, or decline in value over time.