 The basis upon which exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be the adjusted basis provided in section 113 (b) for the purpose of determining the gain upon the sale or other disposition of such property.  Reports of the Tax Court of the United States - Page 446by United States. Tax Court - 1957Full view - About this book
 | United States. Court of Claims, Audrey Bernhardt - 1958 - 966 pages
...depreciation and depletion — (a) Basis for depreciation. The basis upon which exhaustion, wear and tear, and obsolescence are to be allowed in respect...the gain upon the sale or other disposition of such property. ***** Plaintiff contends that it meets the requirements of section 113 (a) (7) and is therefore... | |
 | United States. Internal Revenue Service - 1924 - 396 pages
...assets of the corporation as of that date. (c) The basis «p«H which depletion, exhaustion, wear aad tear, and •obsolescence are to be allowed in respect of any property shall be the same ae ig provided in subdivision <a) or (b) for the purpose of determiaing the gain or loss upoa... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...the corporation as of that date. SEC. 204. (c) The basis upon which depletion, exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be the same as is provided in subdivision (a) or (b) for the purpose of determining the gain or loss upon... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 pages
...assets of the corporation as of that date. (c) The basis upon which depletion, exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be the same as is provided in subdivision (a) or (b) for the purpose of determining the gain or loss upon... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...assets of the corporation as of that date. (c) The basis upon which depletion, exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be the same as is provided in subdivision (a) or (b) for the purpose of determining the gain or loss upon... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1032 pages
...section HOJ/ (c) (changes shown in italics) "(c) The basis upon which depletion, exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be the sdiue as is provided in subdivision (a) or (b) for the purpose of determining the gain or loss upon... | |
 | Eric Louis Kohler - 1927 - 618 pages
...assets of the corporation as of that date. (c) The basis upon which depletion, exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be the same as is provided in subdivision (a) or (b) for the purpose of determining the gain or loss upon... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1034 pages
...section t0!t (c) (changes shoicn in italics) "(c) The basis upon which depletion, exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be the same as is provided in subdivision (a) or (b) for the purpose of determining the gain or loss upon... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...(m) Basis for depreciation and depletion. — The basis upon which •depletion, exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be as provided in section 114. (n) Charitable, etc., contributions. — In the case of an individual,... | |
 | United States - 1928 - 1164 pages
...assets of the corporation as of that date. (c) The basis upon which depletion, exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be the same as is provided in subdivision (a) or (b) for the purpose of determining the gain or loss upon... | |
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