 | United States. Congress. House. Committee on Ways and Means - 1961 - 862 pages
...the taxable year in accordance with a reasonably consistent plan so that the aggregate of the amounts set aside, plus the salvage value, will, at the end of the estimated useful life of the property, equal its cost. Useful life is defined as the period the taxpayers... | |
 | United States. Tax Court - 1962 - 1262 pages
...allowance for such depreciation is "that amount which should be set aside for the taxable year * * * whereby the aggregate of the amounts so set aside,...depreciable property, equal the cost or other basis of the property." (Emphasis supplied.) Regs. 118, sec. 39.23(1)-!. The language quoted from the regulations... | |
 | United States. Tax Court - 1962 - 1244 pages
...the depreciation and amortization deductions should be reduced by the amount of the salvage value. at the end of the useful life of the depreciable property, equal the cost or other basis of the property." (Emphasis supplied.) Regs. 118, sec. 39.23(1)-!. The language quoted from the regulations... | |
 | United States. Internal Revenue Service - 1962 - 976 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... | |
 | United States. Internal Revenue Service - 1964 - 1462 pages
...reasonably consistent plan (not necessarily at a uniform rate), so that the aggregate of the amounts 1964, and was published in the Federal Register dated Mar estimated useful life of the depreciable property, equal the cost or other basis of the property as... | |
 | United States. Tax Court - 1956 - 1170 pages
...respondent's claim. Respondent's regulations state that "The proper allowance for * * * depreciation is that amount which should be set aside for the taxable...depreciable property, equal the cost or other basis of the property * * *." (Regs. Ill, sec. 29.23 (1)-1, emphasis supplied.) If the petitioner had been properly... | |
 | United States. Tax Court - 1968 - 1080 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 as provided in section 167 (g)" of the Code. In regulations section 1.167(a)-2, however, it... | |
 | United States. Tax Court - 1964 - 992 pages
...the taxable year under a reasonably consistent plan, so that at the end of the estimated useful life the aggregate of the amounts so set aside, plus the salvage value, will equal the cost or other basis of the property. By subsection (b), it is provided (1) that for the purposes... | |
 | United States. Internal Revenue Service - 1973 - 824 pages
...constitutes a reasonable allowance for 473-488 O— 73 depreciation, states that the amounts of depreciation 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. Section... | |
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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... 
