 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 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 ; (8) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance... | |
 | Harrison B. Spaulding - 1927 - 336 pages
...income there shall be allowed as deductions : . . . A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence." J The allowance for exhaustion, wear and tear, although not so called in the statute, is generally... | |
 | Eric Louis Kohler - 1927 - 618 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; (8) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance... | |
 | Nathan William MacChesney - 1927 - 960 pages
...deductible. There is allowed as a deduction from gross income 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 improved real estate held by one person for life with remainder to another person, the... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1927 - 414 pages
...debt to be charged off in part. (k) Depreciation. — 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 improved real estate held by one person for life with remainder to another person, the... | |
 | Wilhelm Gerloff - 1927 - 666 pages
...den deductions allowed individuals sec. 214, 8: „a reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence"; und grundsätzlich ebenso, nur noch kasuistischer regelt die englische Income Tax die Abschreibungen... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1034 pages
...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 of obsolescence. * * * " This section was amended in the revenue act of 1926 to read as follows : "Jn... | |
 | United States. Congress. House. Committee on Ways and Means - 1927 - 1032 pages
...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 of obsolescence. • * * " This section was amended In the revenue act of 1926 to read as follows :... | |
 | 1927 - 1146 pages
...otherwise, if incurred in trade or business; and also to a reasonable amount for wear and tear of the property used in the trade or business, including a reasonable allowance for obsolescence. It is not alleged that the marks have been repaid at any depreciated value, or that they have become... | |
 | United States - 1928 - 268 pages
...charged off in part; SEC. 214 (a) (8): SEC. 234 (a) (7) : A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence. * * * SEC. 2 14 (a) (8) * * * In the case of improved real estate held by one person for life with... | |
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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... 
