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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... bonds and notes . - A great deal has been written since 1917 about the relative advantage of financing by means of the sale of preferred stock as compared with the sale of bonds or notes . It may safely be said that the average ...
... bonds on a 5 or 6 % 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 ...
... bonds . Common Stock Preferred Stock Net income . $ 1,000,000 1,000,000 500,000 The exemption would be 9 % of ... bond instead of ( Supplement No. 16 ) . 645.
... bond instead of a 7 % bond , as we assumed , it would increase its net income by $ 10,000 . This increase would be ... Bonds are Issued . Excess Profits Tax- Net income $ 430,000 Net income not in excess of 20 % of invested capital ...
... bonds . In five , ten , or twenty years , however , we will probably go back to the normal tax . This is a flat tax ... bonds instead of preferred stock , even though the interest is as high as the dividends on the preferred stock . The ...