 | 1959 - 1584 pages
...reasonably consistent plan (not necessarily at a uniform rate), so that the aggregate of the amounts set aside, plus the salvage value, will, at the end of the estimated useful life of the depreciable property, equal the cost or other basis of the property as... | |
 | 1950 - 260 pages
...the taxable year in accordance with a reasonable, consistent plan (not necessarily at a uniform rate) whereby the aggregate of the amounts so set aside,...depreciable property, equal the cost or other basis of the property. thousands of items.17 The "lives" set, it is generally contended, are far too long,18 and... | |
 | United States. Internal Revenue Service - 1967 - 1388 pages
...that the aggregate of the amounts set aside, plus the salvage value will, at the end of the estimated useful life of the depreciable property, equal the cost or other basis of the property. . . . The allowance shall not reflect amounts representing a mere reduction in market value." Treas. Reg. 1 1.167(a)-l(c)... | |
 | United States. Internal Revenue Service - 1968 - 1034 pages
...that the aggregate of the amounts set aside, plus salvage value, will, at the end of the estimated useful life of the depreciable property, equal the cost or other basis of the property. It also provides that an asset shall not be depreciated below a reasonable salvage value... | |
 | United States. Internal Revenue Service - 1962 - 1090 pages
...with a reasonably c sistent plan (not necessarily at a uniform rate), so that the aggregate of amounts set aside, plus the salvage value, will, at the end of the estimated use life of the depreciable property, equal the cost or other basis of the property provided... | |
 | United States. Congress. Senate. Committee on Finance - 1958 - 480 pages
...the taxable year in accordance with a reasonably consistent plan (not necessarily at a uniform rate), whereby the aggregate of the amounts so set aside,...value, will, at the end of the useful life of the property in the business, equal the basis of the property determined in accordance with section 204... | |
 | Congress. Internal Revenue Taxation Joint Committee - 1961 - 250 pages
...the taxable year in accordance with a reasonably consistent plan (not necessarily at a uniform rate), whereby the aggregate of the amounts so set aside,...value, will, at the end of the useful life of the property in the business, equal the cost or other basis of the property determined in accordance with... | |
 | United States. Tax Court - 1961 - 1220 pages
...reasonably consistent plan (not necessarily at a uniform rate), whereby the aggregate of the amount so set aside, plus the salvage value, will, at the end of the useful life of depreciable property, equal the cost or other basis of the property." In section 39.23(1) -4, it is... | |
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The proper allowance for such depreciation of any property used in the trade or business is that amount which should be set aside for the taxable year in accordance with a reasonably consistent plan (not necessarily at a uniform rate), whereby the aggregate... 
