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LO.2 The Sterling Trust owns a business and generated $100,000 in depreciation deductions for the tax year. Mona is one of the income beneficiaries of
LO.2 The Sterling Trust owns a business and generated $100,000 in depreciation deductions for the tax year. Mona is one of the income beneficiaries of the entity a. Given the following information, compute Mona's deduction, if any, for the Sterling depreciation b). Express your solution as a Microsoft Excel command. Sterling's taxable income from the business Sterling's gross income from the business Mona's share of trust accounting income Total trust accounting income Mona's share of distributable net income Total distributable net income $ 800,000 4,000,000 500,000 2,500,000 1,200,000 1,600,000
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