Question

In: Accounting

Which of the following items can be allocated to beneficiaries of a trust? A. losses incurred...

Which of the following items can be allocated to beneficiaries of a trust?

A. losses incurred on the disposition of trust capital property
B. gains resulting from the disposition of trust capital property
C. recapture of CCA on the disposition of trust depreciable assets
D. Items A, B, and C
E. Items B and C

Solutions

Expert Solution

The following items can be allocated to beneficiaries of a trust =

E. Items B and C

As loss incurred on disposition on captial property cant be distributed to beneficiaries as in the case of company as well.

ekkarill92 answered 2 years ago
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