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. |
From inside the book
Results 1-5 of 41
... operating passenger auto- mobiles for hire , $ 10 for each automobile having a seating capacity of more than two and not more than seven , and $ 20 for each automobile having a seating capacity of more than seven . " The law imposes ...
... operating and / or selling expense . The net result ascertained should be deducted from the inventory value of the goods included in the 1918 inventory sold to that date , and the resultant loss brought down . The taxpayer should then ...
... operating and / or sell- ing expense at the same rate of 15 % ( or , if ascertainable , the adjusted per- centage for 1919 ) ... Net proceeds from sale . $ 12,500,00 1,875.00 $ 10,625.00 $ 30,000.00 15,000.00 $ 4,375.00 $ 7,500.00 ...
... operating accounts is thrown back against 1918 income . This Department recommends that the accounting records of the taxpayer be not changed , but that any adjustment of inventories be recorded in distinct accounts , supported by ...
... operations are separate and distinct from that of the corporation , the individuals being actually employed by the contractor , the duty to withhold is that of the contractor and not of the corporation . 1544. Referring to your fifth ...