 | United States - Corporations - 1914 - 132 pages
...worn out, exhausted, or obsolete, exceed its original cost. Art. 131. Incidental repairs which neither add to the value of the property nor appreciably prolong its life, but keep it in an operating condition, may be deducted as expenses. Art. 132. Depreciation set up on the books and deducted... | |
 | Henry Montefiore Powell, Martin Saxe - Corporations - 1914 - 612 pages
...obsolete, exceed its original cost. Incidental repairs. ART. 131. Incidental repairs which neither add to the value of the property nor appreciably prolong its life, but keep it in an operating condition, may be deducted as expenses. Depreciation reserve. ART. 132. Depreciation set... | |
 | Henry Campbell Black - Income tax - 1915 - 936 pages
...worn out, exhausted, or obsolete, exceed its original cost. Art. 131. Incidental repairs which neither add to the value of the property nor appreciably prolong its life, but keep it in an operating condition, may be deducted as expenses. Art. 132. Depreciation set up on the books and deducted... | |
 | United States. Department of the Interior - 1952 - 952 pages
...depreciation as a current expense. Secondly, that the maintenance accounts include only those costs which neither materially add to the value of the property nor appreciably prolong its life, but merely keep it in efficient operating condition, thus enabling administrators to make reasonable comparisons... | |
 | Bruce Craven, Reuben Oscar Everett - Income tax - 1916 - 466 pages
...obsolete, exceed its original cost. Incidental Repairs. ABT. 131. Incidental repairs which neither add to the value of the property nor appreciably prolong its life, but keep it in an operating condition, may be deducted as expenses. Depreciation Reserve. AET. 132. Depreciation set... | |
 | Robert Hiester Montgomery - Auditing - 1916 - 928 pages
...gross income of the corporations paying the same. Incidental Repairs Incidental repairs which neither add to the value of the property nor appreciably prolong its life, but keep it in an operating condition, may be deducted as expenses. Improvements The following extract from a decision... | |
 | George Edwin Holmes - Excess profits tax - 1917 - 674 pages
...deduction.16 Repairs. Incidental repairs made to the business property of a taxpayer which neither add to the value of the property nor appreciably prolong its life, but keep it in an operating condition, are expense.16 Incidental 13 Letter from Treasury Department dated March 2, 1915;... | |
 | George Edwin Holmes - Excess profits tax - 1917 - 690 pages
...deduction.16 Repairs. Incidental repairs made to the business property of a taxpayer which neither add to the value of the property nor appreciably prolong its life, but keep it in an operating condition, are expense.16 Incidental 13 Letter from Treasury Department dated March 2, 1915... | |
 | United States. Internal Revenue Service - Income tax - 1916 - 200 pages
...for which the return is made. 432 Art. 131. Repairs. — The cost of incidental repairs which neither add to the value of the property nor appreciably prolong...operating condition, may be deducted as expense, provided that the plant or property account is not increased by the amount of such expenditures. Such repairs,... | |
 | United States. Internal Revenue Service - Income tax - 1918 - 200 pages
...the return is made. 432/ Art. 131. Eepairs. — The cost of incidental repairs which neither add Slo the value of the property nor appreciably prolong...operating condition, may be deducted as expense, provided that the plant or property account is not increased by the amount of such expenditures. Such repairs,... | |
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The cost of incidental repairs which neither materially add to the value of the property nor appreciably prolong its life... 
