 | United States. Congress. House. Expenditures in the Executive departments Committee - 1951 - Broj stranica: 418
...in computing net income for tax purposes, is allowed as a deduction from gross income a reasonable allowance for the exhaustion, wear, and tear (including a reasonable allowance for obsolescence) of a depreciable business asset. This allowance for depreciation may not include reduction in market value... | |
 | United States. Congress. Senate. Committee on Banking and Currency - 1951 - Broj stranica: 1094
...in computing net income for tax purposes, is allowed as a deduction from gross income, n reasonable allowance for the exhaustion, wear and tear (including a reasonable allowance for obsolescence) of a depreciable business asset. This allowance for deprecintion may not include reduction in market value... | |
 | United States. Internal Revenue Service - 1967 - Broj stranica: 1510
...contract will revert to the seller. Section 167 (a) of the Code provides, in part, that as a general rule there shall be allowed as a depreciation deduction...for obsolescence), of property used in the trade or business, or of property held for the production of income. In accordance with section 1.167 (a) -3... | |
 | United States. Internal Revenue Service - 1967 - Broj stranica: 1388
...Revenue Code of 1954 provides, in language substantially unchanged in over 50 years of revenue statutes : "There shall be allowed as a depreciation deduction...(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. Internal Revenue Service - 1968 - Broj stranica: 938
...components of the same building. Section 167 of the Internal Revenue Code of 1954 provides, in general, that there shall be allowed as a depreciation deduction...allowance for the exhaustion, wear and tear (including n reasonable allowance for obsolescence) of property used in the trade <»r business or hold for the... | |
 | United States. Internal Revenue Service - 1968 - Broj stranica: 1034
...to its reserve account for property account 6. Section 167 of the Code sets forth the general rule that there shall be allowed as a depreciation deduction a reasonable allowance for the exhaustion, wear and tear, and obsolescence of property used either in the trade or business or held for the production... | |
 | United States. Internal Revenue Service - 1955 - Broj stranica: 1158
...Code of 1939 provides for a deduction from gross income for— « (1) DEPBECIATION. — 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. Congress. House. Select Committee on Small Business - 1955 - Broj stranica: 648
...shall be allowed as a depreciation deduction a reasonable allowance, as determined by the taxpayer, 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.... | |
| |
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... 
