 | United States. Supreme Court - 1940 - 894 halaman
...computing net income there shall be allowed as deductions: . . . Depredation.—A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence. In the case of property held by one person for life with remainder to another person, the deduction... | |
 | United States. Court of Claims - 1948 - 886 halaman
...shall be allowed as deductions : » • • • • (1) DEPRECIATION. — A reasonable allowance for the exhaustion, wear and tear of property used In...Including a reasonable allowance for obsolescence. In the case of property held by one person for life with remainder to another person, the deduction... | |
 | United States. Court of Claims - 1941 - 858 halaman
...income there shall be allowed as deductions: * * * (1) Depreciation. — A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence. Treasury regulations issued under the Revenue Act of 1936 are in part as follows : ART. 23 (1)-1. Depreciation.... | |
 | 1925 - 1112 halaman
...corporation subject to the tax imposed by section 230 there shall be allowed as deductions: • • • (7) A reasonable allowance for the exhaustion, wear...including a reasonable allowance for obsolescence." If hereunder the claimed deduction may not be made, there is no statutory warrant for it. That the... | |
 | 1919 - 528 halaman
...per cent, for subsequent years. In this law, depreciation is covered by "a reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence," while with respect to depletion, the law provides, In the case of mines, oil and gas wells, other natural... | |
 | New York (State). Comptroller's Office - 1919 - 24 halaman
...and charged off within the taxable year. (Section 360, subdivision 7) (g) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence. (Section 360, subdivision 8) (h) Taxes other than income taxes, paid or accrued within the taxable... | |
 | United States. Congress. Senate. Committee on Finance - 1918 - 82 halaman
...provision. This amendment has already been agreed upon by the committee: t10) ln the case of mines, oll and gas wells, other natural deposits, and timber, a reasonable...improvements, according to the peculiar conditions of each case, based upon cost plus cost of development • l-rorided. That in the case of such properties... | |
 | Harris, Forbes & co., New York - 1919 - 164 halaman
...service corporation out of earnings or profits upon which income tax has been imposed by Act of Congress; (7) A reasonable allowance for the exhaustion, wear...reasonable allowance for obsolescence ; (8) In the case of buildings, machinery, equipment, or other facilities, constructed, erected, installed, or acquired,... | |
 | United States. Internal Revenue Service - 1919 - 168 halaman
...section 214 (a), states: That in computing net income there shall be allowed as deductions : (10) In the case of mines, oil and gas wells, other natural deposits,...improvements, according to the peculiar conditions of each case, based upon cost, including cost of development not otherwise deducted : Provided, That... | |
 | National City Company, United States - 1919 - 104 halaman
...corporation out of earnings or profits upon which income tax has been imposed by Act of Congress ; 155. (7) A reasonable allowance for the exhaustion, wear...including a reasonable allowance for obsolescence; Dividends from taxable corp. or personal service corp. Exhaustion, wear and tear. Obsolescence. Amortization... | |
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A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence... 
