 | Alabama - 1919 - 1476 pages
...is taxable under this act upon its net income. (7) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence. (8) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance... | |
 | National City Company, United States - 1919 - 104 pages
...tax has been imposed by Act of Congress ; 155. (7) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business^...including a reasonable allowance for obsolescence; Dividends from taxable corp. or personal service corp. Exhaustion, wear and tear. Obsolescence. Amortization... | |
 | Guaranty Trust Company of New York - 1919 - 664 pages
...and Obsolescence Individuals and corporations may deduct a reasonable allowance for exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence. For convenience, this allowance is usually referred to as covering depreciation, excluding from the... | |
 | Ewell D. Moore - 1919 - 44 pages
...be worthless and charged off in the taxable year. 8. Reasonable allowance for the exhaustion, wear and tear of property used in the trade, or business,...including a reasonable allowance for obsolescence. , Amortization Allowances on War Plants, Ships, etc. 9. In case of buildings, machinery, equipment,... | |
 | George Edwin Holmes - 1919 - 1048 pages
...approval of the Secretary.2 In the case of corporations, the allowance is also for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence,3 limited in the case of a foreign corporation as alsvve indicated in the case of... | |
 | George Edwin Holmes - 1919 - 1052 pages
...imposed by Act of Congress; (7) A reasonable allowance for the exhaustion, wear and tear of liroperty used in the trade or business, including a reasonable allowance for obsolescence ; (8) In the case of buildings, machinery, equipment, or other facilities, constructed, erected, installed,... | |
 | 1920 - 36 pages
...worthless and charged oft within the taxable year; 8. A reasonable allowance for the exhaustion, wear and tear of property used In the trade or business,...reasonable allowance for obsolescence; 9. In the case of buildings, machinery, equipment, or other facilities, constructed, erected, installed, or acquired,... | |
 | George Edwin Holmes - 1920 - 1186 pages
...off within the taxable year; (8) A reasonable allowance for the exhaustion, wear and tear of proper?? used in the trade or business, including a reasonable allowance for obsolescence: (9) In the case of buildings, machinery, equipment, or other facilities, eonstructed, erected, installed, or acquired,... | |
 | Irving National Bank, New York - 1920 - 150 pages
...the income tax has been imposed. (7) Depreciation — A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business...including a reasonable allowance for obsolescence. (8) Depreciation — Paragraph (8) of Section 234 contains provisions permitting special deduction... | |
 | United States. Bureau of Internal Revenue - 1920 - 346 pages
...net Income there shall be allowed as deductions:] (8) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence; ART. 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... 
