Which of the following statements is true? A. Estate or trusts are not allowed a deduction for distributions to beneficiaries. B. Estates or trusts are allowed a deduction for charitable contributions, but the deductible amount may not exceed 50% of the estate's or trust's adjusted gross income. C. The depreciation deduction for an estate or trust must be generally allocated between the estate or trust and the beneficiaries. D. When allocating depreciation based upon income, taxable income is required to be used.