Under the terms of the Razz Trust, the trustee has complete discretion as to the timing of the distributions from Razz' current accounting income. The depreciation deduction allowable to Razz in the current vear is $120,000 and the trust agreement allocates al depreciation expense to corpus. In the current year, the trustee distributes 25% of trust accounting income to Al and 45% of the trust accounting income to Bo. The trust may claim a depreciation deduction of: a. $0. b. $30,000. C. $36,000 d. $54,000. 17. e. $120,000. Which of the following is the annual maximum amount to be included as gross income by all of the income beneficiaries of the trust or estate? a. Fiduciary (accounting) income b. Entity taxable income c. Adjusted gross income, before the standard deduction d. Distributable net income e, 20% of the entity's gross income 18