 | 1922 - 1010 pages
...this idea in providing only of so-called "ordinary expenses," but also of "a reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence." Treasury regulations provide in substantially the same manner as defined in the Commission's rules... | |
 | 1922 - 500 pages
...that in computing net income there should be permitted as a deduction : A reasonable allowance for exhaustion, wear and tear of property used in the...including a reasonable allowance for obsolescence. Article 161 of regulations 45 provides, furthermore, that * * * For convenience such an allowance will... | |
 | James Hinton Pou - 1922 - 1032 pages
...allowance for the depreciation and obsolescence of property used in the trade or business; and, in the case of mines, oil, and gas wells, other natural deposits,...and timber, a reasonable allowance for depletion: Provided, that in computing the deductions allowed under this paragraph, the basis shall be the cost... | |
 | Irving Bank. Columbia Trust Company - 1923 - 148 pages
...a debt is recoverable only in part, the Commissioner may allow such debt to be charged oft in part; (8) A reasonable allowance for the exhaustion, wear...including a reasonable allowance for obsolescence. In the case of such property acquired before March 1, 1913, this deduction shall be computed upon the... | |
 | United States. Congress. House. Committee on Ways and Means - 1923 - 256 pages
...a debt is recoverable only in part, the Commissioner may allow such debt to be charged off in part; (8) A reasonable allowance for the exhaustion, wear...including a reasonable allowance for obsolescence. In the case of such property acquired before March 1, 1913, this deduction shall be computed upon the... | |
 | New York (State). Legislature - 1923 - 738 pages
...the deduction, not only of so called " ordinary expenses," but also of " a reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence ". Treasury regulations provide in substantially the same manner as defined in the Commission's rules... | |
 | New York (State) - 1923 - 812 pages
...the deduction, not only of so called " ordinary expenses," but also of " a reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence." Treasury regulations provide in substantially the same manner as defined in the Commission's rules... | |
 | Thomas Theodore Goff - 1923 - 344 pages
...as (a) ordinary repairs required to keep property in usable condition, (6) reasonable allowance for exhaustion, wear and tear of property used in the...including a reasonable allowance for obsolescence, and (r.) losses of business property by fire, storm, or other casualty, or theft, not compensated for... | |
 | United States. Internal Revenue Service - 1924 - 396 pages
...INDIVIDUALS: DEPRECIATION [SEC. 214. (a) In computing net income there shall be allowed as deductions:] (8) A reasonable allowance for the exhaustion, wear...including a reasonable allowance for obsolescence ; ART. 161. Depreciation. — A reasonable allowance for the exhaustion, wear and tear, and obsolescence... | |
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A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence. 
