(b) A fiduciary may transfer to principal a reasonable amount of the net money receipts from a principal asset that is subject to depreciation, but may not transfer any amount for depreciation:

1. (1) Of the part of real property used or available for use by a beneficiary as a residence.
2. (2) Of tangible personal property held or made available for the personal use or enjoyment of a beneficiary.

3. (3) Under this section, to the extent the fiduciary accounts under either of the following:

   1. (A) Section 16349, for the asset.
   2. (B) Section 16342, for the business or other activity in which the asset is used.