 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...recoverable only in part, the Commissioner may allow such debt to be charged off in part ; SEC. 214. (a) (8) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, inSEC. 214. (a) (6) Losses sustained during the taxable year of property not connected with... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...a debt is recoverable only in part, the Commissioner may allow such debt to be charged off in part; (8) A reasonable allowance for the exhaustion, wear...including a reasonable allowance for obsolescence; (9) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance... | |
 | National Tax Association - 1926 - 622 pages
...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... | |
 | United States. Board of Tax Appeals - 1926 - 1508 pages
...Grosvenor Atterbury, 1 BTA 169, that the deduction from gross income of " a reasonable allowance for the exhaustion, wear, and tear of property used in the trade or business" is applicable to leaseholds but must be based upon its cost or its value on March 1, 1913.... | |
 | Wilhelm Gerloff - 1927 - 666 pages
...ähnlich nennt die amerikanische Einkommensteuer unter den deductions allowed individuals sec. 214, 8: „a reasonable allowance for the exhaustion, wear...including a reasonable allowance for obsolescence"; und grundsätzlich ebenso, nur noch kasuistischer regelt die englische Income Tax die Abschreibungen... | |
 | United States. Board of Tax Appeals - 1927 - 1530 pages
...provides: Sec. 214. (a) That In computing net Income there shall be allowed as deductions : ******* (8) A reasonable allowance for the exhaustion, wear...Including a reasonable allowance for obsolescence. This Board has already held that deductions for exhaustion of patents are allowable under this statute.... | |
 | Eric Louis Kohler - 1927 - 618 pages
...a debt is recoverable only in part, the Commissioner may allow such debt to be charged off in part; (8) A reasonable allowance for the exhaustion, wear...including a reasonable allowance for obsolescence. In the case of improved real estate held by one person for life with remainder to another person, the... | |
 | Nathan William MacChesney - 1927 - 960 pages
...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...including a reasonable allowance for obsolescence. In the case of improved real estate held by one person for life with remainder to another person, the... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...Commissioner may allow such debt to be charged off in part. (k) Depreciation. — A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence. In the case of improved real estate held by one person for life with remainder to another person, the... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1034 pages
...anyone. The committee therefore recommends that section 214 (a) (8) be amended to read as follows : "(8) A reasonable allowance for the exhaustion, wear and tear of property used in a trade or business, including ;i reasonable allowance for obsolescence. In the case of property subject... | |
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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. 
