...trade or business, or (2) of property held for the production of Income. ' Sec. 1.167(a)-3 Intangibles. If an Intangible asset Is known from experience or...the business or In the production of Income for only n limited period, the length of which can '• estimated with reasonable accuracy, such an Intangible...

...alleged premium paid for the assets of Stanford. 'See. 1.167 (a)-3. Intangibles. If an Intangible nsset Is known from experience or other factors to be of...use In the business or In the production of Income only for a limited period, the length of which can be estimated with reasonable accuracy, such an Intangible...

...production of income. No deduction is allowable with respect to goodwill. Sec. 1.167(a)-3, Income Tax Regs. If an intangible asset is known from experience or other factors to be of use in the business for only a limited period of time, the length of which can be estimated with reasonable accuracy, such...

...failed to carry their burden of proving that the Federal grazing privileges are intangible assets useful "for only a limited period, the length of which can be estimated with reasonable accuracy." Pursuant to the Taylor Grazing Act, attendant regulations, and established Department of Interior policies,...

...depreciation guidelines pertaining thereto are set forth in section 1.167(a}-3, Income Tax Regs., as follows: If an intangible asset is known from experience or other factors to be of use :"It is true, as petitioner argues, that it assumed certain obligations by accepting a franchise. We...

...depreciated under section 167 only if its use in the business or in the production of income is for a limited period, the length of which can be estimated with reasonable accuracy. Sec. 1.167(a)-3, Income Tax Regs. No depreciation deduction is allowable with respect to goodwill....

...such as a theatrical business, may be depreciated. % 1.167(a)-3 Intangible*. If an Intangible asset la known from experience or other factors to be of use...accuracy, such an intangible asset may be the subject of a depreciation allowance. Examples are patents and copyrights. An Intangible asset, the useful life of...

...depreciable and the franchise contract is not depreciable. To be a depreciable asset an intangible must "be known from experience or other factors to be of use...accuracy, such an intangible asset may be the subject of a depreciation allowance ... An intangible asset the useful life of which is not limited, is not subject...

...however, an intangible asset acquired through capital outlay is known from experience to be of value in the business or in the production of income for...limited period, the length of which can be estimated from experience with reasonable certainty, such intangible asset may be the subject of a depreciation...

...intangible property have a determinable use life to be eligible for depreciation. It provides as follows: If an intangible asset is known from experience or...accuracy, such an intangible asset may be the subject of a depreciation allowance. Examples are patents and copyrights. An intangible asset, the useful life of...