...REGULATION. 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...

...the same. In all of the acts an individual was given the right to deduct a reasonable allowance for exhaustion, wear and tear of property arising out of its use or employment in business. In that case we also considered the respondent's regulations interpreting the provisions of the acts...

...of 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, not to exceed, in the case of mines, 5 per centum of the gross value at the mine of the...

...therefore, avoided the use of either term, but instead provided — 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...

...actually determined to be worthless, and (c) whether Included as Income in this or previous return. and tear of property arising out of Its use or employment in business or trade. (No deduction Is allowable for any amount of expense of restoring property or making good the exhaustion...

...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...

...property, if any;" the income-tax act of October 3, 1913, 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 cent of the gross value at the mine of the...

...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...

...1913.] 47 charged off during the year. A reasonable allowance is also made for the exhaustion, wear or tear of property arising out of its use or employment in business. Deductions are also allowed for — incomes the tax upon which has been paid at the source — amounts...

...of percentage depletion deduction. There was allowed to be deducted "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 percent of the gross value at the mine of the...