 | United States. Supreme Court - 1940 - 894 lapas
...computing net income there shall be allowed as deductions: . . . Depredation.—A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence. In the case of property held by one person for life with remainder to another person, the deduction... | |
 | United States. Court of Claims - 1948 - 886 lapas
...shall be allowed as deductions : » • • • • (1) DEPRECIATION. — A reasonable allowance for the exhaustion, wear and tear of property used In...Including a reasonable allowance for obsolescence. In the case of property held by one person for life with remainder to another person, the deduction... | |
 | 1919 - 528 lapas
...per cent, for subsequent years. In this law, depreciation is covered by "a reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence," while with respect to depletion, the law provides, In the case of mines, oil and gas wells, other natural... | |
 | New York (State). Comptroller's Office - 1919 - 24 lapas
...and charged off within the taxable year. (Section 360, subdivision 7) (g) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence. (Section 360, subdivision 8) (h) Taxes other than income taxes, paid or accrued within the taxable... | |
 | Henry Montefiore Powell - 1919 - 708 lapas
...insurance or otherwise. 7. Debts ascertained to be worthless and charged off within the taxable year. 8. A reasonable allowance for the exhaustion, wear...including a reasonable allowance for obsolescence. 9. In the case of mines, oil and gas wells, other natural deposits and timber, a reasonable allowance... | |
 | Guaranty Trust Company of New York - 1919 - 664 lapas
...insurance or otherwise; (7) Debts ascertained to be worthless and charged off within the taxable year; (8) A reasonable allowance for the exhaustion, wear...including a reasonable allowance for obsolescence; [149l (9) In the case of buildings, machinery, equipment, or other facilities, constructed, erected,... | |
 | National City Company, United States - 1919 - 104 lapas
...of rebates. 68. (7) Debts ascertained to be worthless and charged off within the taxable year ; 69. (8) A reasonable allowance for the exhaustion, wear...including a reasonable allowance for obsolescence; 70. (9) In the case of buildings, machinery, equipment, or other facilities, constructed, erected,... | |
 | New York (N.Y.). Tax Commission - 1919 - 106 lapas
...insurance or otherwise. 7. Debts ascertained to be worthless and charged off within the taxable year. 8. A reasonable allowance for the exhaustion, wear...including a reasonable allowance for obsolescence. 9. In the case of mines, oil and gas wells, other natural deposits and umber, a reasonable allowance... | |
 | Ewell D. Moore - 1919 - 44 lapas
...Debts ascertained to be worthless and charged off in the taxable year. 8. Reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence. , Amortization Allowances on War Plants, Ships, etc. 9. In case of buildings, machinery, equipment,... | |
 | Alabama - 1919 - 1476 lapas
...from a corporation which is taxable under this act upon its net income. (7) A reasonable allowance for the exhaustion, wear and tear of property used in...including a reasonable allowance for obsolescence. (8) In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance... | |
| |
A reasonable allowance for the exhaustion, wear and tear of property used in the trade or business, including a reasonable allowance for obsolescence. 
