 | United States. Supreme Court - 1940 - 894 pages
...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 - 1937 - 786 pages
...business. The applicable section of the revenue acts of 1921 and 1924 is 214 (a) (8), which provides : (8) a reasonable allowance for the exhaustion, wear,...including a reasonable allowance for obsolescence. We can find nothing in these words of this section to indicate that the property must be held in an... | |
 | United States. Court of Claims - 1941 - 858 pages
...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.... | |
 | United States. Court of Claims - 1948 - 886 pages
...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... | |
 | 1919 - 528 pages
...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 pages
...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... | |
 | New York (N.Y.). Tax Commission - 1919 - 106 pages
...insurance or otherwise. 7. Debts ascertained to be worthless and charged off within the taxable year. 8. A reasonable allowance for the exhaustion, wear...the case of mines, oil and gas wells, other natural deposits and umber, a reasonable allowance for depletion and for depreciation of improvements, according... | |
 | George Edwin Holmes - 1919 - 1048 pages
...insurance or otherwise; (7) Debts ascertained to be worthless and charged off within the taxable year; (8) A reasonable allowance for the exhaustion, wear...reasonable allowance for obsolescence; (9) .In the case of buildings, machinery, equipment, or other facilities, constructed, erected, installed, or acquired,... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...insurance or otherwise; (7) Debts ascertained to be worthless and charged off within the taxable year; (8) A reasonable allowance for the exhaustion, wear...including a reasonable allowance for obsolescence; [149l (9) In the case of buildings, machinery, equipment, or other facilities, constructed, erected,... | |
 | National City Company, United States - 1919 - 104 pages
...of rebates. 68. (7) Debts ascertained to be worthless and charged off within the taxable year ; 69. (8) A reasonable allowance for the exhaustion, wear...including a reasonable allowance for obsolescence; 70. (9) In the case of buildings, machinery, equipment, or other facilities, constructed, erected,... | |
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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. 
