 ... a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business...  Journal - Page 748by Hawaii. Legislature. Senate - 1917Full view - About this book
 | United States. Court of Claims - 1928 - 760 pages
...depreciation; value of licenses. — The deduction authorized from gross income of " a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business or trade" applies to patent license contracts from which, and the licenses authorized... | |
 | 1913 - 876 pages
...charged off during the year. THE INCOME TAX — Continued. A reasonable allowance for the exhaustion or wear and tear of property arising out of Its use or employment In business, not to exceed, in the case of mini's. "• per cent of the gross value at the mine of the... | |
 | 1917 - 540 pages
...business or trade conducted by it within the United States and not compensated by insurance or otherwise, including a reasonable allowance for the exhaustion,...of property arising out of its use or employment in the business or trade ; (a) * * *; (b) * * *; and (c) in the case of insurance companies, the net addition,... | |
 | 1919 - 528 pages
...net income of corporations and provided tax-exempt deductions as follows: "a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business or trade." In the matter of depletion, oil and gas wells were for the first time specifically... | |
 | Old Colony Trust Company (Boston, Mass.) - 1913 - 64 pages
...actually ascertained to be worthless and charged off within the year ; sixth, a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business, not to exceed, in the case of mines, 5 per centum of the gross value at the mine of the... | |
 | United States - 1913 - 160 pages
...actually ascertained to be worthless and charged off within the year; sixth, a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business, not to exceed, in the case of mines, 5 per centum of the gross value at the mine of the... | |
 | Old Colony Trust Company (Boston, Mass.) - 1913 - 24 pages
...to be worthless and charged off within the year. 6. Amount representing a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business, not in excess in the case of mines 5 per cent, of the gross value of the output for the... | |
 | United States - 1913 - 454 pages
...actually ascertained to be worthless and charged off within the year; sixth, a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business, not to exceed, in the case of mines, 5 per centum of the gross value at the mine of the... | |
 | Vandegrift, F.B., & Co - 1913 - 1012 pages
...actually ascertained to be worthless and charged off within the year; sixth, a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business, not to exceed, in the case of mines, 5 per centum of the gross value at the mine of the... | |
 | George Fox Tucker - 1913 - 292 pages
...off during the year" appears for the first tune in this act. The clause "a reasonable allowance for the exhaustion, wear and tear of property arising out of its use or employment in the business," etc., is new. Much of what follows beginning with "seventh" is new. However, in the... | |
| |
