Problem 20-23 (LO. 2) The Twist Trust has generated $60,000 in depreciation deductions for the year. Its accounting income is $75,000. In computing this 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. 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 a. Depreciation deduction allocated to corpus. 20,000 Jackson 40,000 Twist Trust 0 b. If depreciation was allocated to income. 25,000 X 50,000 x 0 c. If the trustee distributed $15,000 each to Hernandez and to Jackson and retained the remaining accounting income. 15,000 X 15,000 X 0 X Feedback Check My Work Trusts and estates are allowed cost recovery deductions. Cost recovery deductions are assigned proportionately to the recipients of entity accounting income. Allocation of depreciation to income or to corpus is irrelevant for this purpose.