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.

a$.$ Depreciation deduction allocated to corpus.

b$.$ If depreciation was allocated to income.

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

$

$20,000$

a$.$ Depreciation deduction allocated to corpus.

b$.$ If depreciation was allocated to income.

c$.$ If the trustee distributed $$15,000$ each to

Hernandez and to Jackson and retained the

remaining accounting income.

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.