 | United States. Court of Claims - Law reports, digests, etc - 1929 - 868 pages
...in section 214 (a) (8) of the revenue act of 1921 (42 Stat. 240) : "(8) A reasonable allowance for the exhaustion, wear, and tear of property used in...reasonable allowance for obsolescence. In the case of such property acquired before March 1, 1913, this deduction shall be computed upon the basis of its... | |
 | Philippines - Law - 1986 - 492 pages
...and tear (including reasonable allowance for obsolescence) of property used in the trade or business. In the case of property held by one person for life...were the absolute owner of the property and shall be slaved to the life tenant. In the case of property held in trust, the allowable deduction shall be... | |
 | United States - Law - 1921 - 642 pages
...part, the Commissioner may allow such debt to be charged off in part; ^ ^ reasonaDle allowance for the exhaustion, wear and tear of property used in...reasonable allowance for obsolescence. In the case of such property acquired before March 1. 1913, this deduction shall be computed upon the basis of its... | |
 | National City Company - Income tax - 1921 - 104 pages
...sources within the United States as determined under section 217." 99 "(7) A reasonable allowance for the exhaustion, wear and tear of property used in...reasonable allowance for obsolescence. In the case of such property acquired before March 1, 1913, this deduction shall be computed upon the basis of its... | |
 | Emerson Emanuel Rossmoore - Income tax - 1922 - 592 pages
..."That in computing net income there shall be allowed as deductions: ... (8) a reasonable allowance for the exhaustion, wear and tear of property used in...reasonable allowance for obsolescence. In the case of such property acquired before March 1, 1913, this deduction shall be computed upon the basis of its... | |
 | United States. Federal Power Commission - Energy policy - 1922 - 332 pages
...computing net income there shall be allowed as deductions : * < * *' * * * * (8) A reasonable allowance for the exhaustion, wear and tear of property used in...reasonable allowance for obsolescence. In the case of such property acquired before March 1, 1913, this deduction shall be computed upon the basis of its... | |
 | United States - Law - 1922 - 756 pages
...part, the Commissioner may allow such debt to be charged off in part; (8) A reasonable allowance for the exhaustion, wear and tear of property used in...reasonable allowance for obsolescence. In the case of such property acquired before March 1, 1913, this deduction shall be computed upon the basis of its... | |
 | United States - Law - 1922 - 1028 pages
...from sources within the United States as determined under section 217 ; (7) A reasonable allowance for the exhaustion, wear and tear of property used in...reasonable allowance for obsolescence. In the case of such property acquired before March 1, 1913, this deduction shall be computed upon the basis of its... | |
 | United States. Congress. House. Committee on Ways and Means - Finance - 1923 - 256 pages
...part, the Commissioner may allow such debt to be charged off in part; (8) A reasonable allowance for the exhaustion, wear and tear of property used in...reasonable allowance for obsolescence. In the case of such property acquired before March 1, 1913, this deduction shall be computed upon the basis of its... | |
 | Irving Bank. Columbia Trust Company - Income tax - 1923 - 148 pages
...part, the Commissioner may allow such debt to be charged oft in part; (8) A reasonable allowance for the exhaustion, wear and tear of property used in...reasonable allowance for obsolescence. In the case of such property acquired before March 1, 1913, this deduction shall be computed upon the basis of its... | |
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In the case of property held by one person for life with remainder to another person, the deduction shall be computed as if the life tenant were the absolute owner of the property and shall be allowed to the life tenant. 
