 | 1922 - 1010 pages
...only of so-called "ordinary expenses," but also of "a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence." Treasury regulations provide in substantially the same manner as defined in the Commission's rules... | |
 | United States. Congress. Senate. Committee on Commerce - 1922 - 1296 pages
...Shipping Board. The revenue act allows the shipowner "reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence." This language has been somewhat narrowly construed by the Internal Revenue Department, so that the... | |
 | Emerson Emanuel Rossmoore - 1922 - 592 pages
...apply equally to corporations. deductions: ... (7) a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence. In the case of such property acquired before March 1, 1913, this deduction shall be computed upon the... | |
 | United States. Federal Power Commission - 1922 - 332 pages
...45, issued in 1920 and relating to the matter of deductions from income for the " exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence," as provided by the revenue act of 1918, it is said : " Depreciable property. — The necessity for... | |
 | Thomas Theodore Goff - 1923 - 344 pages
...repairs required to keep property in usable condition, (6) reasonable allowance for exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence, and (r.) losses of business property by fire, storm, or other casualty, or theft, not compensated for... | |
 | United States. Congress. House. Committee on Ways and Means - 1923 - 256 pages
...may allow such debt to be charged off in part; (8) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence. In the case of such property acquired before March 1, 1913, this deduction shall be computed upon the... | |
 | New York (State). Legislature - 1923 - 738 pages
...only of so called " ordinary expenses," but also of " a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence ". Treasury regulations provide in substantially the same manner as defined in the Commission's rules... | |
 | Irving Bank. Columbia Trust Company - 1923 - 148 pages
...United States as determined under section 217; (7) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence. In the case of such property acquired before March 1, 1913, this deduction shall be computed upon the... | |
 | New York (State) - 1923 - 812 pages
...only of so called " ordinary expenses," but also of " a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence." Treasury regulations provide in substantially the same manner as defined in the Commission's rules... | |
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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... 
