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Drupady [299]
2 years ago
10

The twist trust has generated $60,000 in depreciation deductions for the year. its accounting income is $75,000. in computing th

is amount, pursuant to the trust document, depreciation was allocated to corpus. accounting income was distributed at the trustee's discretion: $25,000 to hernandez and $50,000 to jackson.
Business
1 answer:
cupoosta [38]2 years ago
5 0

Answer:

the file attached shows the whole explanation. I hope it helps.

Explanation:

Complete question

Compute the depreciation deductions that Hernandez, Jackson, and Twist may claim under the following assumptions. If an amount is zero, enter "0". Do not round any division. Depreciation Deductions Hernandez Jackson Twist Trust

a. Depreciation deduction allocated to corpus. Hernandez$_____ Jackson$_____ Twist Trust$_____

b. If depreciation was allocated to income. Hernandez$_____ Jackson$_____ Twist Trust$_____

c. If the trustee distributed $15,000 each to Hernandez and to Jackson and retained the remaining accounting income. Hernandez$_____ Jackson$_____ Twist Trust$_____

d. If Twist is an estate (not a trust) and depreciation deduction allocated to corpus.

Download docx
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<h3>What is a legal contract?</h3>

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In case when any of the criterion mentioned above are not followed by the offeror or the offeree, then in such case, any lawsuit filed against the plaintiff will be considered as null and void.

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Find the product of 28 and 97.
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Romashka-Z-Leto [24]

Answer:

True.

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Answer and Explanation:

The preparation of the operating activities section is shown below:

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