 | 1920 - 188 pages
...ascertained to be worthless and charged off within the taxable year. 8. A reasonable allowance for the exhaustion, wear and tear of property used in...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 City Company - 1921 - 104 pages
...sources within the United States as determined under section 217." 99 "(7) A reasonable allowance for the exhaustion, wear and tear of property used in...reasonable allowance for obsolescence. In the case of such property acquired before March 1, 1913, this deduction shall be computed upon the basis of its... | |
 | United States - 1921 - 642 pages
...part, the Commissioner may allow such debt to be charged off in part; ^ ^ reasonaDle allowance for the exhaustion, wear and tear of property used in...reasonable allowance for obsolescence. In the case of such property acquired before March 1. 1913, this deduction shall be computed upon the basis of its... | |
 | Edgar Jacob Lauer, Victor House - 1921 - 488 pages
...computing net income there shall be allowed in deductions: — ". . . (8) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence." " Nashville, C. & St. L. Jly. Co. v, United States, 269 Fed, R. 351, REASONABLE RENT 233 As used in... | |
 | New York (State) - 1921 - 324 pages
...included as income by the taxpayer in a return rendered under this article. 8. A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence. 9. In the ease of mines, oil and gas wells, other natural deposits and timber, a reasonable allowance... | |
 | New York (State). Public Service Commission - 1923 - 402 pages
...(Cf. Knoxville v. KnoxviUe Water Co., 212 US 1.) expenses," but also of " a reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence ". Treasury regulations provide in substantially the same manner as defined in the Commission's rules... | |
 | Rex Frye - 1921 - 350 pages
...ascertained to be worthless and charged off within the taxable year; (7) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence; (b) In the case of a foreign corporation the deductions allowed in subdivision (a), except those allowed... | |
 | New York (State) - 1921 - 1090 pages
...included as income by the taxpayer in a return rendered under this article. 8. A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence. 9. In the case of mines, oil and gas wells, other natural deposits and timber, a reasonable allowance... | |
 | United States. Congress. House. Committee on Ways and Means - 1924 - 548 pages
...submitted that each of these paragraphs should be changed to read as follows: A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence. Leaseholds and intangible property the duration of which is limited in time shall be regarded as property... | |
 | United States. Internal Revenue Service - 1921 - 348 pages
...That in computing net income there shall be allowed as deductions:] (8) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence; I. 161. Depreciation. — A reasonable allowance for the exhaustion, wear and tear and obsolescence... | |
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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. 
