 | United States. Supreme Court - Courts - 1940 - 894 pages
...there shall be allowed as deductions: . . . Depredation.—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 property held by one person for life with remainder... | |
 | United States - Law - 1919 - 568 pages
...imposed by Act of Congress; property3"0"' eto'' °f (7) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence ; 'etc* (fy -"-n ^e case °^ buildings, machinery, equipment,... | |
 | New York (State). Comptroller's Office - Finance - 1919 - 24 pages
...within the taxable year. (Section 360, subdivision 7) (g) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence. (Section 360, subdivision 8) (h) Taxes other than income taxes,... | |
 | Guaranty Trust Company of New York - War Revenue Law of 1918 - 1919 - 240 pages
...worthless and charged off within the taxable year. DEPRECIATION A reasonable allowance for exhaustion, wear and tear of property used in the trade or business, including a reasonable amount for obsolescence. AMORTIZATION A reasonable deduction for the amortization of such... | |
 | Ewell D. Moore - Taxation - 1919 - 36 pages
...ascertained to be worthless and charged off in the taxable year; 8. Reasonable allowance for the exhaustion, wear and tear of property used in the trade, or business, including a reasonable allowance for obsolescence. Amortization Allowances on War Plants, Ships, etc. 9. In case... | |
 | Henry Montefiore Powell - Corporations - 1919 - 708 pages
...be 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, including a reasonable allowance for obsolescence. 9. In the case of mines, oil and gas wells, other natural... | |
 | Accounting - 1919 - 500 pages
...be 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, including a reasonable allowance for obsolescence ; (9) In the case of buildings, machinery, equipment, or other... | |
 | George Edwin Holmes - Excess profits tax - 1919 - 1048 pages
...approval of the Secretary.2 In the case of corporations, the allowance is also for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence,3 limited in the case of a foreign corporation as alsvve indicated... | |
 | Guaranty Trust Company of New York - Canada - 1919 - 664 pages
...be 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, including a reasonable allowance for obsolescence; [149l (9) In the case of buildings, machinery, equipment,... | |
 | National City Company, United States - Internal revenue law - 1919 - 104 pages
...In Inventory value or actual payment of rebates. 69. (8) A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence; 70. (9) In the case of buildings, machinery, equipment, or... | |
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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. 
