(a) A trustee shall allocate 10 percent of the receipts from a liquidating asset to income and the balance to principal.
(b) In this section, “liquidating asset”
(1) means
(A) an asset the value of which will diminish or terminate because the asset is expected to produce receipts for a period of limited duration; or
(B) a leasehold, patent, copyright, royalty right, and right to receive payments during a period of more than one year under an arrangement that does not provide for the payment of interest on the unpaid balance;
(2) does not include
(A) an obligation subject to AS 13.38.670;
(B) a payment subject to AS 13.38.690;
(C) resources subject to AS 13.38.710;
(D) timber subject to AS 13.38.720;
(E) an activity subject to AS 13.38.740;
(F) an asset subject to AS 13.38.750; or
(G) an asset for which the trustee establishes a reserve for depreciation under AS 13.38.830.