| New York (State). Legislature - 1923 - 738 pages
...the deduction, not only of so called " ordinary 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... | |
| New York (State) - 1923 - 812 pages
...the deduction, not only of so called " ordinary 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... | |
| United States. Congress. House. Committee on Ways and Means - 1923 - 256 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 buildings, machinery, equipment, or other facilities, constructed, erected, installed,... | |
| Thomas Theodore Goff - 1923 - 344 pages
...as (a) ordinary repairs required to keep property in usable condition, (6) reasonable allowance for exhaustion, wear and tear of property used in the...including a reasonable allowance for obsolescence, and (r.) losses of business property by fire, storm, or other casualty, or theft, not compensated for... | |
| Eric Louis Kohler - 1924 - 514 pages
...part, the Commissioner may allow such debt to be charged off in part; (8) 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. Internal Revenue Service - 1924 - 396 pages
...214. (a) 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 ; ART. 161. Depreciation. — A reasonable allowance for the exhaustion, wear and tear, and obsolescence... | |
| 1927 - 1150 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." If hereunder the claimed deduction may not be made, there is no statutory warrant for it That the question... | |
| Irving Bank-Columbia Trust Company - 1925 - 152 pages
...part, the Commissioner may allow such debt to be charged off in part; (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... | |
| 1925 - 1112 pages
...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." If hereunder the claimed deduction may not be made, there is no statutory warrant for it That the question... | |
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