 | John F. Sherwood - 1925 - 206 pages
...from sources within the United States as determined under section 217; (7) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence; (8) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...the United States as determined under section 217 ;203 SEC. 234. (a) (7) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence; corporation for the three-year period ending with the close of its taxable year preceding the declaration... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...from sources within the United States as determined under section 217; (7) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence ; (8) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance... | |
 | United States. Board of Tax Appeals - 1926 - 1508 pages
...214(a)(8) of the Revenue Act of 1918 was changed in language to read as follows: A reasonable allowance for the exhaustion, wear and tear of property used In...Including a reasonable allowance for obsolescence. Section 214 (a) (8) of the Revenue Act of 1921 contains added language so that it reads: A reasonable... | |
 | 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. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...debt is recoverable only in part, the Commissioner may allow such debt to be charged off in part. (k) Depreciation. — A reasonable allowance for the exhaustion,...reasonable allowance for obsolescence. In the case of improved real estate held by one person for life with remainder to another person, the deduction provided... | |
 | 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...reasonable allowance for obsolescence. In the case of improved real estate held by one person for life with remainder to another person, the deduction provided... | |
 | Wilhelm Gerloff - 1927 - 666 pages
...Einkommensteuer unter den deductions allowed individuals sec. 214, 8: „a reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence"; und grundsätzlich ebenso, nur noch kasuistischer regelt die englische Income Tax die Abschreibungen... | |
 | Harrison B. Spaulding - 1927 - 336 pages
...VI. " In computing net income there shall be allowed as deductions : . . . A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence." J The allowance for exhaustion, wear and tear, although not so called in the statute, is generally... | |
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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. 
