 | Eric Louis Kohler - 1924 - 514 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... | |
 | 1927 - 1150 pages
...tax imposed by section 230 there shall be allowed as deductions: * * * (7) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence." If hereunder the claimed deduction may not be made, there is no statutory warrant for it That the question... | |
 | 1925 - 1112 pages
...imposed by section 230 there shall be allowed as deductions: * * • (7) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence." If hereunder the claimed deduction may not be made, there is no statutory warrant for it That the question... | |
 | John F. Sherwood - 1925 - 206 pages
...from sources within the United States as determined under section 217; (7) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence; (8) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance... | |
 | Irving Bank-Columbia Trust Company - 1925 - 152 pages
...from sources within the United States as determined under section 217; (7) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence; (8) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance... | |
 | Walter Elbert Barton, United States, Carroll Wright Browning - 1925 - 580 pages
...recoverable only in part, the Commissioner may allow such debt to be charged off in part ; SEC. 214. (a) (8) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, inSEC. 214. (a) (6) Losses sustained during the taxable year of property not connected with... | |
 | United States. Board of Tax Appeals - 1926 - 1508 pages
...214(a)(8) of the Revenue Act of 1918 was changed in language to read as follows: A reasonable allowance for the exhaustion, wear and tear of property used In...Including a reasonable allowance for obsolescence. Section 214 (a) (8) of the Revenue Act of 1921 contains added language so that it reads: A reasonable... | |
 | Joseph Henry Beale, Roswell Foster Magill - 1926 - 744 pages
...from sources within the United States as determined under section 217; (7) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence ; (8) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance... | |
 | National Tax Association - 1926 - 622 pages
...tax imposed by section 230 there shall be allowed as deductions: ... (7) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence." The court reviewed the decisions of the Treasury Department, the Board of Tax Appeals and the departmental... | |
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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. 
