Beach Amusement Corp. v. Commissioner

Board of Tax Appeals

Beach Amusement Corp. v. Commissioner

14 B.T.A. 338, 1928 BTA LEXIS 2983

United States Board of Tax Appeals·Decided November 19, 1928·No. Docket No. 18288.·Published·Cited by 1 cases

Opinion

[339] OPINION.

MaRqtjette :

The evidence that has been presented to us is not satisfactory. It shows, however, that the Dodgem cars operated by the petitioner did not have a useful life of 10 years as determined by the respondent. We are of opinion that the average useful life of the cars in question was 5 years, and that the petitioner, in computing its net income for 1921 is entitled to a deduction for the depreciation of these cars computed on that basis.

Judgment will he entered wnder Rule 50.

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[339] OPINION.

MaRqtjette :

The evidence that has been presented to us is not satisfactory. It shows, however, that the Dodgem cars operated by the petitioner did not have a useful life of 10 years as determined by the respondent. We are of opinion that the average useful life of the cars in question was 5 years, and that the petitioner, in computing its net income for 1921 is entitled to a deduction for the depreciation of these cars computed on that basis.

Judgment will he entered wnder Rule 50.

Beach Amusement Corp. v. Commissioner, 14 B.T.A. 338, 1928 BTA LEXIS 2983 (bta 1928).

Pincite

14 B.T.A. 338 (Beach Amusement Corp. v. Commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Opinion

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