| United States. Congress. House. Committee on the District of Columbia - 1969 - 1022 pages
...DELETED LANGUAGE ENCLOSED IN BRACKETS [ ] SECTION 47-1571): DEPRECIATION — A reasonable allowance for exhaustion, wear and tear of property used in the...including a reasonable allowance for obsolescence; and including in the case of natural resources allowances for depletion as permitted by reasonable... | |
| United States. Tax Court - 1954 - 1200 pages
...1934, 1936, and 1938, goes no further than to provide for the deduction of "a reasonable allowance for exhaustion, wear and tear of property used in the...including a reasonable allowance for obsolescence." A taxpayer is not restricted to any specific method of computing the depreciation allowance, however,... | |
| United States. Congress. House. Committee on the District of Columbia - 1970 - 426 pages
...DELETED LANGUAGE ENCLOSED IN BRACKETS I ] KECTIOS 47-7.576: DEPRECIATION—*, reasonable allowance for exhaustion, wear and tear of property used in the...including a reasonable allowance for obsolescence: and including in the case of natural resources allowances for depletion as permitted by reasonable... | |
| United States, United States. Congress. House. Committee on Public Works - 1973 - 530 pages
...as section 38 property within the meaning of section 48 (a) . (i) Life tenant and remainderman. — In the case of property held by one person for life with remainder to another person, the deduction under this section shall be computed as if the life tenant were the absolute owner of the property... | |
| United States, United States. Congress. House. Committee on Public Works - 1973 - 536 pages
...as section 38 property within the meaning of section 48 (a). (i) Life tenant and remainderman.—In the case of property held by one person for life with remainder to another person, the deduction under this section shall be computed as if the life tenant were the absolute owner of the property... | |
| United States. Commission on Highway Beautification - 1974 - 1344 pages
...of the adjusted 'basis wtdch is not the anortlzable basis. "(f) Life Tenant and Kemain(ierr.an.—In the case of property held by one person for life with remainder to another person, the deduction under this section shall be conputed as if the life tenant vere the absolute ovner oT the property... | |
| United States. Internal Revenue Service - 1975 - 92 pages
...shall be equitably apportioned between the lessor and lessee. (2) LIFE TENANT AND REMAINDERMAN.— In the case of property held by one person for life with remainder to another person, the deduction under this section shall be computed as if the life tenant were the absolute owner of the property... | |
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