 | United States. Congress. House. Committee on Ways and Means - 1919 - 190 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, 5 per centum of the gross value at the mine of the... | |
 | George Edwin Holmes - 1919 - 1048 pages
...or trade," and to corporations a deduction of "all losses including a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business or trade." Tangible Property Subject to Wear and Tear. Depreciation as an allowable deduction... | |
 | United States - 1920 - 1064 pages
...ascertained to be worthless and charged off within the year; sixth, a reasonable allowance for the w$G& &U$G$ K!| x$w o& & &&'& # & ( ) `&u&v& M N O .$ the business, not to exceed, in the case of mines, 5 per centum of the gross value at the mine of the... | |
 | United States - 1920 - 1052 pages
...ascertained to be worthless and charged off within the year; sixth, a reasonable allowance for the , or shall( n? the business, not to exceed, in the case of mines, 5 per centum of the gross value at the mine of the... | |
 | John F. Sherwood - 1920 - 272 pages
...be provided for." Basis of Depreciation. (TD 2754, Aug. 23, 1918.) "A reasonable allowance for the wear and tear of property arising out of its use or employment in the business or trade is to be based on the cost of such property or on its fair market price or value... | |
 | Rex Frye - 1921 - 350 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... | |
 | United States. Bureau of Internal Revenue - 1921 - 778 pages
...irithin 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; • » * Article 159, paragraph 4HO, Regulations 33, revised, has some bearing... | |
 | National Tax Association - 1922 - 622 pages
...data are to be presented on a separate sheet, (f) An amount representing a reasonable allowance for exhaustion, wear and tear of property arising out of its use or employment in business. The auditor's instructions specifically prohibit the deducting of wear and tear, gasoline and upkeep... | |
 | United States. Federal Power Commission - 1922 - 332 pages
...the normal tax there shall be allowed as deductions: * • * sixth, a reasonable allowance for the exhaustion, wear, and tear of property arising out of its use or employment in the business, * * * but no deduction shall be made for any amount of expense of restoring property... | |
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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... 
