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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... production , purchase or sale of merchandise of any kind is an income - producing factor inventories of the merchandise on hand ( including finished goods , work in process , raw materials and supplies ) should be taken at the beginning ...
... produce income if the stock re- ceived in exchange has a fair market value in excess of the cost or fair market value as of March 1 , 1913 , of the bond . ( Art . 1563. ) ¶ 72. ( a ) If property is exchanged for two different kinds of ...
... produce income ; a judgment for the defendant usually does not . However , money paid by a debtor to a receiver , pending determination as to which of two or more claimants other than the debtor is entitled to it , is to be treated as ...
... production of articles contributing to the prose- cution of the present war , and of vessels constructed or ac- quired on or after such date for the transportation of articles or men contributing to the prosecution of the present war ...
... production of the year and the estimated mineral reserves in the property at the end of the year . ( Art . 210. ) 168. Computation of allowance for depletion of gas wells.- On account of the peculiar conditions surrounding the produc ...