 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 páginas
...the United States as determined under section 217 ;203 SEC. 234. (a) (7) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence; corporation for the three-year period ending with the close of its taxable year preceding the declaration... | |
 | 1925 - 1112 páginas
...imposed by section 230 there shall be allowed as deductions: * * • (7) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence." If hereunder the claimed deduction may not be made, there is no statutory warrant for it That the question... | |
 | National Tax Association - 1926 - 622 páginas
...tax imposed by section 230 there shall be allowed as deductions: ... (7) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence." The court reviewed the decisions of the Treasury Department, the Board of Tax Appeals and the departmental... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 páginas
...from sources within the United States as determined under section 217; (7) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence ; (8) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance... | |
 | United States. Board of Tax Appeals - 1926 - 1512 páginas
...214(a)(8) of the Revenue Act of 1918 was changed in language to read as follows: A reasonable allowance for the exhaustion, wear and tear of property used In...Including a reasonable allowance for obsolescence. Section 214 (a) (8) of the Revenue Act of 1921 contains added language so that it reads: A reasonable... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 páginas
...debt is recoverable only in part, the Commissioner may allow such debt to be charged off in part. (k) Depreciation. — A reasonable allowance for the exhaustion,...reasonable allowance for obsolescence. In the case of improved real estate held by one person for life with remainder to another person, the deduction provided... | |
 | Nathan William MacChesney - 1927 - 960 páginas
...that loss is deductible. There is allowed as a deduction from gross income a reasonable allowance for the exhaustion, wear and tear of property used in...reasonable allowance for obsolescence. In the case of improved real estate held by one person for life with remainder to another person, the deduction provided... | |
 | Eric Louis Kohler - 1927 - 618 páginas
...from sources within the United States as determined under section 217; (7) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence; (8) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance... | |
 | Harrison B. Spaulding - 1927 - 336 páginas
...VI. " In computing net income there shall be allowed as deductions : . . . A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence." J The allowance for exhaustion, wear and tear, although not so called in the statute, is generally... | |
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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. 
