 | James Hinton Pou - 1922 - 1032 lapas
...allowance for the depreciation and obsolescence of property used in the trade or business; and, in the case of mines, oil, and gas wells, other natural deposits,...and timber, a reasonable allowance for depletion: Provided, that in computing the deductions allowed under this paragraph, the basis shall be the cost... | |
 | United States. Congress. House. Committee on Ways and Means - 1923 - 256 lapas
...•credited or refunded to the taxpayer in accordance with the provisions of section 252; (10) In the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted ; Provided, That in the case of... | |
 | Irving Bank. Columbia Trust Company - 1923 - 148 lapas
...credited or refunded to the taxpayer in accordance with the provisions of section 252; (10) In the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted : Provided, That in the case of... | |
 | Robert Hiester Montgomery, Walter Adolph Staub - 1923 - 512 lapas
...current expense of operation. (Reg. 62, Art. 222.) DEPRECIATION.— (a) The Act provides that deductions for depreciation of improvements "according to the peculiar conditions in each case" may be taken by a taxpayer owning or leasing mining property. This is deemed to include exhaustion... | |
 | Eric Louis Kohler - 1924 - 514 lapas
...credited or refunded to the taxpayer in accordance with the provisions of section 252; (10) In the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted: Provided, That in the case of... | |
 | United States - 1924 - 260 lapas
...based on cost or fair market value as of March 1, 1913; such reasonable allowance in all the above cases to be made under rules and regulations to be prescribed by the Commissioner, with trie approval of the Secretary. In the case of leases the deductions allowed by this paragraph shall... | |
 | United States. Internal Revenue Service - 1924 - 396 lapas
...accompany the return. ART. 226. Depreciation in the case of mines. — (a) The Act provides that deductions for depreciation of improvements " according to the peculiar conditions in each case " may be taken by a taxpayer owning or leasing mining property. This is deemed to include exhaustion... | |
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In the case of mines, oil and gas wells, other natural deposits, and timber, a reasonable allowance for depletion and for depreciation of Improvements, accordIng to the peculiar conditions in each case... 
