 | Virginia - 1928 - 328 էջ
...taxable year in connection with property or business. (j) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence. (k) Dividends recei^d during the taxable year upon stock of national banks and dividends received during... | |
 | United States - 1928 - 1164 էջ
...Exhaustion; wear and tear; obsolescence; apportionment. (8) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence. In the case of improved real estate held by one person for life with remainder to another person, the... | |
 | Clem Wetzell Collins - 1928 - 976 էջ
...and section 234 (A) (7), in the following language : "A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence." This clause is itself an explanation of the meaning of depreciation in the act, although the word itself... | |
 | United States. Board of Tax Appeals - 1929 - 1592 էջ
...shall be allowed as deductions: * * * ******* (7) A. reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...natural deposits, and timber, a reasonable allowance 1'or depletion and for depreciation of Improvements, according to the peculiar conditions in each case,... | |
 | Robert Hiester Montgomery - 1919 - 1016 էջ
...worthless and charged off within the taxable year; (8) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...reasonable allowance for obsolescence; (9) In the case of buildings, machinery, equipment, or other facilities, constructed, erected, installed, or acquired,... | |
 | Robert Hiester Montgomery - 1927 - 1510 էջ
...234 (a-8) [Corporations]. In computing net income there shall be allowed as deductions: .... In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion1 and for depreciation of improvements, according to the peculiar conditions in each case;... | |
 | Robert Hiester Montgomery - 1927 - 592 էջ
...may allow such debt to be charged off in part; (8) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence. In the case of improved real estate held by one person for life with remainder to another person, the... | |
 | Robert Hiester Montgomery - 1920 - 1320 էջ
...(3-9) [Corporations]. That in computing net income there shall be allowed as deductions: .... In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allpwance for depletion and for depreciation of improvements, according to the peculiar conditions... | |
 | United States. Internal Revenue Service - 1929 - 478 էջ
...statute which controls decision is the revenue act of 1918 (40 Stat. 1057). which provides as follows: of property used in the trade or business, including a reasonable allowance for obsolescence. The plaintiff in error contends that the loss of good will due to prohibition legislation was properly... | |
 | United States. Supreme Court - 1945 - 446 էջ
...of the applicable Revenue [101] Act in these terms; "A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business,...including a reasonable allowance for obsolescence." 3 For the basis we are referred by § 23 (n) to § 114 of the Act which refers us again to § 113 (b)... | |
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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... 
