 | National Bank of Commerce in New York - 1917 - 182 pages
...United States and not compensated by insurance or otherwise, including a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business or trade; (a) and in the case of oil and gas wells a reasonable allowance for actual reduction... | |
 | Frank A. North - 1917 - 164 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... | |
 | Joseph Jay Scott - 1917 - 386 pages
...ascertained to be worthless and charged off within the year; 57 Seventh. A reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business or trade; 58 Eighth, (a) In the case of oil and gas wells a reasonable allowance for actual... | |
 | George Edwin Holmes - 1917 - 690 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... | |
 | Godfrey Nicholas Nelson - 1917 - 218 pages
...Under the sixth deduction enumerated in Paragraph ' B,' providing for ' a reasonable allowance for the exhaustion, wear, and tear of property arising out of its use or employment ' * * *, there may be claimed a reasonable allowance for depreciation on farm buildings (other than... | |
 | Chester William Le Noir - 1917 - 20 pages
...within the year and not compensated by insurance or otherwise, including a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment. 3. The amount of interest paid within the year on its indebtedness (except indebtedness incurred for... | |
 | United States. Internal Revenue Service - 1918 - 52 pages
...papering, minor repairs, etc., are allowable, even though full amount of depreciation has been claimed.) In claiming depreciation the following fundamental...article of property, such as automobiles, used for personal pleasure 22 (&) Depreciation other that that arising from wear and tear, such as a lessening... | |
 | United States, Guaranty Trust Company of New York - 1918 - 144 pages
...worthlessness of the debt for purposes of deduction. Depreciation A reasonable allowance for the exhaustion and •wear and tear of property arising out of its use or employment in business or trade may be made. Improvements and Betterments No deduction shall be allowed for any amount paid out for... | |
 | United States. War Department - 1918 - 716 pages
...ascertained to be worthless and charged off within the year ; sixth, 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, five per centum of the gross value at the mine of... | |
 | United States. Congress. House. Committee on Ways and Means - 1918 - 58 pages
...within the year and not compensated by insurance or otherwise, including a reasonable allowance for the exhaustion, wear, and tear of property arising out of its use or employment in the business or trade; (a) in the case of oil and gas wells such reasonable allowance for actual reduction... | |
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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... 
