 | John Harold Sears - 1922 - 732 pages
...been included in gross income in a return under this law. Depreciation. A reasonable allowance for the exhaustion, wear, and tear of property, arising out of its use or employment in the trade or business of the taxable. (g) Filing returns, paying taxes, etc. Returns are due on or... | |
 | Earl Adolphus Saliers - 1915 - 212 pages
...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... | |
 | 1927 - 1150 pages
...providing for a deduction from the gross income of a corporation of a reasonable allowance for the exhaustion, wear and tear of property "arising out of its use or employment in the business or trade," does not authorize deduction for the diminished value of a contract essential... | |
 | 1925 - 740 pages
...compensated by insurance or otherwise; bad debts charged off as worthless; reasonable allowance for exhaustion, wear and tear of property arising out of its use or employment in business, not exceeding 5 per cent of the gross output in cases of mines. Permanent improvements and betterments... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...CORPORATIONS Act of 1916. 201 Act of 1913. SEC. 12. (a) Second. [2] a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business or trade ; SEC. 12. (a) Second. [2] a reasonable allowance for the exhaustion, wear and... | |
 | National Tax Association - 1926 - 622 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," since the shrinkage in the value of the contract did not result from its employment... | |
 | United States. Board of Tax Appeals - 1926 - 1508 pages
...depreciation by use, wear and tear of property, if any. Acts of 1916 and 1917 : A reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business or trade. Act of 1918 : A reasonable allowance for the exhaustion, wear and tear of property... | |
 | Edward Thomas Roe - 1927 - 554 pages
...which have been charged off within the year. 6. Amount representing 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 cent of the gross value at the mine of the... | |
 | Robert Hiester Montgomery - 1923 - 1760 pages
...seq. '[Former Procedure] 1913 law. (Individuals) Section II B, Sixth. "A reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business." (Corporations) Section II G (b). "A reasonable allowance for depreciation by use, wear... | |
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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... 
