 | United States. Court of Claims, Audrey Bernhardt - 1955 - 1002 lapas
...provides: [In computing net income there shall be allowed as deductions:] "Depreciation. — A reasonable allowance for the exhaustion, wear and tear (Including...reasonable allowance for obsolescence) — (1) of property used In the trade or business, or (2) of property held for the production of Income." •Section... | |
 | 1953 - 1028 lapas
...Depreciation, depletion, and amortization of emergent? facilities? — Л reasonable allowance for exhaustion, wear and tear (including a reasonable allowance for obsolescence) (1) of property used in trade or business or (2) property held for the E reduction of income, may be deducted,... | |
 | United States. Board of Tax Appeals - 1930 - 1554 lapas
...allegation of error herein pertains to the failure and refusal of the respondent to allow any amount for the exhaustion, wear and tear, including a reasonable allowance for obsolescence of patents, contracts, good will and other intangible assets. We have already decided that the patents... | |
 | United States - 1953 - 1744 lapas
...for such terms in section 591 of Title 18 of the United States Code. (0 Depreciation. A reasonable allowance for the exhaustion, wear and tear (including...reasonable allowance for obsolescence) — (1) of property used in the trade or business, or (2) of property held for the production of income. In the... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1944 - 336 lapas
...worthlessness of which is incurred in the taxpayer's trade or business. (l) DEPRECIATION. — A reasonable allowance for the exhaustion, wear and tear (including...reasonable allowance for obsolescence) — (1) of property used in the trade or business, or (2) of property held for the production of income. In the... | |
 | United States, Walter Elbert Barton - 1944 - 1286 lapas
...applicable to taxable years beginning after Dec. 31, 1941. Sec. 23. (1) Depreciation. — A reasonable allowance for the exhaustion, wear and tear (including...reasonable allowance for obsolescence) — (1) of property used in the trade or business, or (2) of property held for production of income. In the case... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - 350 lapas
...§ 123 (a) (2)) inserts "paragraph (2). of" before "subsection". (1) DEPRECIATION. — A reasonable allowance for the exhaustion, wear and tear (including...reasonable allowance for obsolescence) — (1) of property used in the trade or business, or (2) of property held for the production of income. In the... | |
 | United States. Tax Court - 1945 - 1374 lapas
...years beginning after December SI, 1938, by sec. 121 (d) of the Revenue Act of 1942.] A reasonable allowance for the exhaustion, wear and tear (including a reasonable allowance for obsolescense) — (1) of property used In the trade or business, or (2) of property held for the production... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1946 - 428 lapas
...worthlessness of which is incurred in the taxpayer's trade or business. (1) DEPRECIATION. — A reasonable allowance for the exhaustion, wear and tear (including...reasonable allowance for obsolescence) — (1) of property used in the trade or business, or (2) of property held for the production of income. In the... | |
 | United States. Tax Court - 1946 - 1804 lapas
...only to ths extent provided In section 117. • •••••• 0) 'DrpKEriATiox. — A reasonable allowance for the exhaustion, wear and tear (Including a reasonable allowance for obsolescence) — (1) o( property used In the trade or business, or (S) of property held for the production of Income. •... | |
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GENERAL RULE. — There shall be allowed as a depreciation deduction a reasonable allowance for the exhaustion, wear and tear (including a reasonable allowance for obsolescence) — (1) of property used in the trade or business, or (2) of property held... 
