 | United States. Congress. House. Select Committee on Small Business - 1955 - Broj stranica: 568
...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.... | |
 | United States. General Accounting Office - 1955 - Broj stranica: 968
...Cls. 471 ; Tomlinson v. United States, 66 C. Cls. 697. Under the Internal Revenue Laws a taxpayer is allowed as a depreciation deduction a "reasonable allowance" for the exhaustion, wear and tear of property held for the production of income, computed under methods specifically set out... | |
 | United States. Internal Revenue Service - 1976 - Broj stranica: 720
...depreciable and have a useful life of 3 years or more. Section 167 (a) of the Code provides, in part, that there shall be allowed as a depreciation deduction a reasonable allowance for the exhaustion, wear and tear, and obsolescence of property used in a trade or business. Section 1.167(a)-ll(e) (1) (i)... | |
 | United States. Internal Revenue Service - 1973
...person making the payments are to be capitalized. 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 in the trade or business, or of property held for the production... | |
 | United States. Internal Revenue Service - 1978 - Broj stranica: 630
...beginning in 1977; 1 year for taxable years beginning after 1977). Section 167 (a) (1) of the Code provides to section 1103(d) or 1113 (a) through (h), or as otherwise provided by law, and tear of property used in the trade or business. Section 1.167 (a) -6 of the regulations provides... | |
 | United States. Internal Revenue Service - 1974
...shopping center was first placed in service. Section 167 (a) of the Internal Revenue Code of 1954 provides that there shall be allowed as a depreciation deduction a reasonable allowance for the exhaustion, wear and tear, and obsolescence of property used in a trade or business or held for the production of income.... | |
 | United States. Internal Revenue Service - 1975 - Broj stranica: 804
...263(a)(l)(E) for expenditures deductible under section 182. Section 167 (a) of the Code provides, in part, that there shall be allowed as a depreciation deduction, a reasonable allowance for the exhaustion, wear and tear, and obsolescence of property used in a trade or business, or of property held for the production... | |
 | United States. Tax Court - 1968 - Broj stranica: 1066
...Allocation the Answer?", 11 TaxL. Rev. 74 (1955). •SEC. 167. DEPRECIATION. (a) GENERAL RULE. — There shall be allowed as a depreciation deduction a reasonable allowance for the exhaustion, wear nnd tear (including a reasonable allowance for obsolescence) — (1) of property used in the trade... | |
 | United States. Tax Court - 1975 - Broj stranica: 1272
...year bear to the total estimated payments. The controlling statute is section 167(a) which provides that there shall be allowed as a depreciation deduction a reasonable allowance for the exhaustion of property held for the production of income. The term "property" includes intangible contract rights,... | |
 | 1969 - Broj stranica: 752
...1.167(a) Statutory provisions; depreciation; general rule. SEC. 167. Depreciation— (a) General rule. There shall be allowed as a depreciation deduction a reasonable allowance for the exhaustion, wear and tear (1ncluding a reasonable allowance for obsolescence) — (1) Of property used in the trade... | |
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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... 
