Thank you. Charles Rounds, Jr of "Loring: A Trustee's Handbook" cited me to the "Uniform Fiduciary Income and Principal Act" July 26th, 2020 §503, actually uses...

Thank you. The Illinois publication helps. I must look and see if the cash in the amount of the reserve is actually put in a principal cash account. It might be...

Yes, I know all of this, but I am talking about the bookkeeping. It looks like there are 2 (or more) alternatives:(1) When cash comes in, you take, say 10% of t...

Does this mean then, that a cash account is setup in principal's books holding cash for the Depreciation Reserve? Do you know of a treatise that addresses this?...