§ 2-3-828 — Transfers from income to principal for depreciation

(a) In this section, "depreciation" means a reduction in
value due to wear, tear, decay, corrosion or gradual
obsolescence of a fixed asset having a useful life of more than
one (1) year and the purchase cost or value of such fixed asset
is more than that amount provided by section 179 of the United
States Internal Revenue Code or subsequent amendment to the
Internal Revenue Code.
(b) A trustee may transfer to principal a reasonable
amount of the net cash receipts from a principal asset that is
subject to depreciation, but may not transfer any amount for
depreciation:
(i) Of that portion of real property used or
available for use by a beneficiary as a residence or of tangible
personal property held or made available for the personal use or
enjoyment of a beneficiary;
(ii) During the administration of a decedent's
estate; or
(iii) Under this section if the trustee is accounting
under W.S. 2-3-813 for the business or activity in which the
asset is used.
(c) An amount transferred to principal need not be held as
a separate fund.