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. |
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... contracts for his services and collects and uses his own earnings , emancipation is to be inferred , but a complete ... contract for his services . ( 27 Cyc 1673 ) . 49. The question of what is the age of majority is usually covered by ...
... contract grows out of no solicitation or similar commercial activity by the owner or his representative in person within the United States . ( Art . 92. ) 113. Page 354. Exempt Income . - Dividends on stock of Federal Reserve banks ...
... contracts at fixed prices entered into before the date of the inventory . Where no open market quotations are available the taxpayer must use such evidence of a fair market price as may be available to him , such as specific ...
... contracts taken by the taxpayer contained recognition of amortization as an element in the cost of production , copies of such contracts shall be filed with the taxpayer's return , to- • • gether with a statement and description of any ...
... contracts have been construed to be tangible assets and their cost may be added to the capital account returnable ... contract . All oil produced during the taxable year , whether sold or unsold , must 58 PRENTICE - HALL TAX SERVICE ...