It merely keeps the property in an operating condition over its probable useful life for the uses for which it was acquired. Expenditures for that purpose are distinguishable from those for replacements, alterations, improvements or additions which prolong... Reports of the Tax Court of the United States - 275. lappuseautors: United States. Tax Court - 1997Pilnskats - Par šo grāmatu
| United States. Board of Tax Appeals - 1927 - 1522 lapas
...property in an operating condition over its probable useful life for the uses for which it was acquired. Expenditures for that purpose are distinguishable...which should not be applied against current earnings. We' have already pointed out this distinction in the Appeal of Simmons & Hammond Manufacturing Co.,... | |
| Robert Hiester Montgomery - 1927 - 1510 lapas
...property in an operating condition over its probable useful life for the uses for which it was acquired. Expenditures for that purpose are distinguishable...should not be applied against current earnings. The fact that certain "ordinary repairs" were made shortly after acquisition of certain property did not... | |
| United States. Board of Tax Appeals - 1929 - 1604 lapas
...property in an operating condition over its probable useful life for the uses for which it was required. Expenditures for that purpose are distinguishable...its value, or make it adaptable to a different use. In the instant case, while a new boiler was installed to take the place of the old one, the effect... | |
| Robert Hiester Montgomery - 1927 - 1510 lapas
...property in an operating condition over its probable useful life for the uses for which it was acquired. Expenditures for that purpose are distinguishable...alterations, improvements or additions which prolong the life oi the property, increase its value, or make it adaptable to a different use. The one is a maintenance... | |
| United States. National Commission on Urban Problems - 1948 - 774 lapas
...which it was acquired. Expenditures for that purpose are distinguishable from those for replacement, alterations, improvements or additions which prolong...which should not be applied against current earnings. 27 Unless the administrators of the tax law make fine and sophisticated distinctions on the basis of... | |
| United States. Congress. House. Committee on Ways and Means - 1993 - 94 lapas
...property in an operating condition over its probable useful hie for the uses for which it was acquired. Expenditures for that purpose are distinguishable...which should not be applied against current earnings. Treasury Regulations provide that capital expenditures include the costs of acquiring or substantially... | |
| Vernon Hoven - 2003 - 358 lapas
...leakage and keep her rental house in an operating condition over its probable useful life and not to prolong the life of the property, increase its value, or make it adaptable to another use. As in Oberman Manufacturing Co., there was no replacement or substitution of the roof... | |
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