 | Earl Adolphus Saliers - 1916 - 208 pages
...those owned by corporations.18 In the former case it provides a reasonable allowance for exhaustion and wear and tear of property arising out of its use or employment in the business, not to exceed 5% of the gross value of the output in case of mines. But for corporations... | |
 | 1916 - 834 pages
...to be worthless and charged off within the year ; sixth, a reasonable allowance for the exhausting wear and tear of property arising out of its use or employment, not to exceed, in the case of mines, 5 percentum of the gross value at the mine of the output for the... | |
 | United States. Office of internal revenue - 1917 - 36 pages
...repairs and depreciation must not exceed the full amount of depreciation estimated to have occurred. In claiming depreciation the following fundamental...article of property, such as automobiles used for personal pleasure or convenience, cannot be claimed; the property must be used for the purpose of producing... | |
 | Ewell D. Moore - 1917 - 40 pages
...FUNDAMENTAL PRINCIPLES The following rules must be taken into consideration in claiming depreciation: (a) Only such depreciation as results from exhaustion,...property, arising out of its use or employment in the business or trade, can be claimed. The property must be used for the purposes of producing income... | |
 | American Economic Association - 1917 - 654 pages
...Depreciation is not mentioned eo nomine in the statute, but must be read into "a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business or trade." repress production and consumption. As soon as tax rates become high, these... | |
 | 1917 - 1450 pages
...chap. 16, Сотр. Stat. 1913, §§ 6319-0322), when it permitted "a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business, not to exceed, in the case of mines, 5 per centum of the gross value at the mine of the... | |
 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - 1917 - 776 pages
...the Tariff Act of 1913, § II, 38 Stat. 166, 167, when it permitted "a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business, not to exceed, in the case of mines, 5 per centum of the gross value at the mine of the... | |
 | George Edwin Holmes - 1917 - 674 pages
...ALLOWANCE FOR DEPRECIATION In the case of individuals the law permits a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business or trade of the individual. Property not used in his business may not be included in the... | |
 | Savings Union Bank and Trust Company - 1917 - 88 pages
...ascertained to be worthless and charged off within the year; Seventh. A reasonable allowance for the exhaustion wear and tear of property arising out of its use or employment in the business or trade; Eighth, (a) In the case of oil and gas wells a reasonable allowance for actual... | |
 | 1917 - 194 pages
...ascertained to be worthless and charged off within the year; Seventh. A reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business or trade; Eighth, (a) In the case of oil and gas wells a reasonable allowance for actual... | |
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... a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business... 
