 | United States. Supreme Court - 1940 - 894 pages
...shall be allowed as deductions: . . . Depredation.—A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...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 pages
...deductions : » • • • • (1) DEPRECIATION. — A reasonable allowance for the exhaustion, wear and tear of property used In the trade or business....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 - 1928 - 760 pages
...there shall be allowed as deductions : ******* "(8) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence." The first item is the result of a situation growing out of a difference between contract rates to supply... | |
 | 1925 - 1112 pages
...1921, to an allowance for depreciation based on the "a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence"; also that specific 1 36 stat. 112. provision was in them made for deduction for depletion of mining... | |
 | 1919 - 528 pages
...subsequent years. In this law, depreciation is covered by "a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...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 pages
...the taxable year. (Section 360, subdivision 7) (g) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence. (Section 360, subdivision 8) (h) Taxes other than income taxes, paid or accrued within the taxable... | |
 | New York (N.Y.). Tax Commission - 1919 - 106 pages
...worthless and charged off within the taxable year. 8. A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...the case of mines, oil and gas wells, other natural deposits and umber, a reasonable allowance for depletion and for depreciation of improvements, according... | |
 | New York (State) - 1919 - 520 pages
...property assessed, and (3) by authority of any foreign government. § 360, subd. 3. (i) In general, in the case of mines, oil and gas wells, other natural deposits,...for depletion and for depreciation of improvements in the manner provided by law and according to rules and regulations to be established by the Comptroller.... | |
 | Harris, Forbes & co., New York - 1919 - 164 pages
...income tax has been imposed by Act of Congress; (7) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence ; (8) In the case of buildings, machinery, equipment, or other facilities, constructed, erected, installed,... | |
 | Henry Montefiore Powell - 1919 - 708 pages
...(Art. 154.) Deductions allowable: depreciation. 8. A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence. (Source: Fed. Rev. Act 1918, § 214, 0-8.) Depreciation.— A reasonable allowance for the exhaustion,... | |
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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... 
