Prentice-Hall Tax Service for 1919, Issues 1-32Excerpt 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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... given department of the business . Unfortunately a great majority of the contracts pro- viding for contingent compensation are so worded as to raise the question as to whether the compensation is to be based on the profits before or ...
... given pursuant to a guaranty , free or at a reduced price , the tax shall be computed on the actual price , if any , to be paid to the manufacturer for the new article . Article 14 of Regulations No. 47 , entitled " Tires , inner tubes ...
... given dates ( such period not to exceed a month ) will be acceptable . If in any case such an order and certificate cannot be produced on demand of any authorized agent of the department , the tax in respect to the sale will be ...
... given for the information of your Association : Assume an inventory at December 31 , 1918 , 200,000 yds . at 15c ...... Assume sales between January 1 , 1919 , and June 1 , 1919 , 100 000 yds . at 121⁄2c ...... Cost of manufacturing and ...
... of adjustment at the close of the taxable year 1919. This is based upon the illustration given n answer to Question 2 , which applies to one item of inventory 2 . only , but it must be understood that ( Supplement No. 18 ) 667.