Prentice-Hall Tax Service for 1919 (Classic Reprint)Excerpt from Prentice-Hall Tax Service for 1919 This allowance is not based upon the difference between the actual war cost of such facilities and what they would have cost at pre-war prices. Obviously the taxpayer is not entitled to recover or extinguish through amortization more than the difference between the war cost of such property and what he can sell the property for after the war, or if he continues to need and use it in his business, what it would have cost him after the war. As the rule is expressed in Article 183 of the Regulations: The total amount to be extinguished by amortization, in general, is the excess of the unextinguished or unrecovered cost of the property over its maximum value (either for sale or for use as part of the plant or equipment of a going business) under stable post war. Conditions.' About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. |
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... of which depends upon the ascertainment of net income , would be computed on a basis which would include the deduction of fee as a part of the cost of manufacture 640 ( Prentice - Hall Tax Service ) Business Procedure.
... basis of a $ 20,000 , the tax [ on $ 180,000 ] would be $ 87,430 . This indicates that we have selected too small a fee . We next try Z as being equal to $ 22,000- $ 200,000- $ 110,000 : = $ 90,000 The tax on $ 178,000 [ $ 200,000 ...
... basis and its unsecured notes on a 6 % basis . At first glance it would appear advisable to issue bonds or notes and thereby leave a greater amount available for dis- tribution among the stockholders . There are , however , two factors ...
... basis of 12c per yard ...... Gain on these transactions .. Further , assume that the remaining 50,000 yards were unsold at the close of the taxable year 1919 , and that the market price had risen to 17c per yard , the tax- payer would ...
... basis of inventory values as of December 31 , 1918 . ¶ 1503. Q. 47. Individual income of partnerships . How do you file plea of abatement when partnership files no blank or form like a corporation does ? Ans . See Article 321 of ...