Beach Amusement Corp. v. Commissioner

Board of Tax Appeals

Beach Amusement Corp. v. Commissioner

14 B.T.A. 338

CourtUnited States Board of Tax Appeals

DecidedNovember 19, 1928

DocketDocket No. 18288

StatusPublished

This text of 14 B.T.A. 338 (Beach Amusement Corp. v. Commissioner) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

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

Pincite

Opinion

[339]*339OPINION.

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.

Free access — add to your briefcase to read the full text and ask questions with AI

[339]*339OPINION.

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.

Cite This Page — Counsel Stack

Bluebook (online)

14 B.T.A. 338, Counsel Stack Legal Research, https://law.counselstack.com/opinion/beach-amusement-corp-v-commissioner-bta-1928.