 | United States. Court of Claims, Audrey Bernhardt - 1955 - Broj stranica: 1002
...provides: [In computing net income there shall be allowed as deductions:] "Depreciation. — A reasonable allowance for the exhaustion, wear and tear (Including a reasonable allowance for obsolescence) — (1) of property used In the trade or business, or (2) of property held for the production of Income."... | |
 | Philippines - 1986 - Broj stranica: 492
...exchange, on the last day of such taxable year of capital assets. (f) Depreciation. (1) General rule. — There shall be allowed as a depreciation deduction...allowance for the exhaustion, wear and tear (including reasonable allowance for obsolescence) of property used in the trade or business. In the case of property... | |
 | United States. Board of Tax Appeals - 1930 - Broj stranica: 1554
...allegation of error herein pertains to the failure and refusal of the respondent to allow any amount for the exhaustion, wear and tear, including a reasonable allowance for obsolescence of patents, contracts, good will and other intangible assets. We have already decided that the patents... | |
 | United States - 1953 - Broj stranica: 1744
...for such terms in section 591 of Title 18 of the United States Code. (0 Depreciation. A reasonable allowance for the exhaustion, wear and tear (including a reasonable allowance for obsolescence) — (1) of property used in the trade or business, or (2) of property held for the production of income.... | |
 | United States. Tax Court - 1967 - Broj stranica: 786
...— so was holding it for production of income from « SEC. 107. DEPRECIATION. (a) QENIBAL KDLB. — There shall be allowed as a depreciation deduction...exhaustion, wear and tear (Including a reasonable allowance fur obsolescence) — (2) of property held for the production of Income. •H. Kept. No. 2333, 77th... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1944 - Broj stranica: 336
...worthlessness of which is incurred in the taxpayer's trade or business. (l) DEPRECIATION. — A reasonable allowance for the exhaustion, wear and tear (including a reasonable allowance for obsolescence) — (1) of property used in the trade or business, or (2) of property held for the production of income.... | |
 | United States, Walter Elbert Barton - 1944 - Broj stranica: 1286
...applicable to taxable years beginning after Dec. 31, 1941. Sec. 23. (1) Depreciation. — A reasonable allowance for the exhaustion, wear and tear (including a reasonable allowance for obsolescence) — (1) of property used in the trade or business, or (2) of property held for production of income.... | |
 | United States. Congress. Internal Revenue Taxation Joint Committee - 1945 - Broj stranica: 350
...§ 123 (a) (2)) inserts "paragraph (2). of" before "subsection". (1) DEPRECIATION. — A reasonable allowance for the exhaustion, wear and tear (including a reasonable allowance for obsolescence) — (1) of property used in the trade or business, or (2) of property held for the production of income.... | |
 | United States. Tax Court - 1945 - Broj stranica: 1374
...years beginning after December SI, 1938, by sec. 121 (d) of the Revenue Act of 1942.] A reasonable allowance for the exhaustion, wear and tear (including a reasonable allowance for obsolescense) — (1) of property used In the trade or business, or (2) of property held for the production... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1946 - Broj stranica: 428
...worthlessness of which is incurred in the taxpayer's trade or business. (1) DEPRECIATION. — A reasonable allowance for the exhaustion, wear and tear (including a reasonable allowance for obsolescence) — (1) of property used in the trade or business, or (2) of property held for the production of income.... | |
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There shall be allowed as a depreciation deduction a reasonable allowance for the exhaustion, wear and tear (including a reasonable allowance for obsolescence) — ( 1 ) Of property used In the trade or business, or (2) Of property held for the production... 
