| United States, Guaranty Trust Company of New York - 1918 - 152 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 a reasonable allowance for actual reduction... | |
| American Economic Association - 1918 - 732 pages
...Depreciation is not mentioned to 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... | |
| Roy Bernard Kester - 1918 - 832 pages
...States, for the purpose of the tax there shall be allowed as deduction a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business or trade.) No deduction shall be allowed for any amount paid out for new buildings, permanent... | |
| United States. Congress. House. Committee on Ways and Means - 1918 - 812 pages
...so that the new subdivision "seventh" will read as follows: "Seventh. 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 shall be made... | |
| Guaranty Trust Company of New York - 1918 - 108 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 (a) of oil and gas wells a reasonable allowance for actual... | |
| 1918 - 342 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... | |
| United States. Internal Revenue Service - 1918 - 200 pages
...35 Under paragraph 7 of section 5 (a), act of 1916, 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... | |
| United States. Internal Revenue Service - 1916 - 200 pages
...35 Under paragraph 7 of section 5 (a), act of 1916, 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... | |
| United States. Congress. House. Committee on Ways and Means - 1918 - 622 pages
...year and not com™*«d by insurance or otherwise, including a reasonable allowance for the exhausar 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 a reasonable allowance for actual reduction... | |
| Lewis Levitzki Lorwin - 1919 - 152 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 In the case of mines a reasonable allowance for depletion thereof not to exceed... | |
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