Knoxville Brick Co. v. Commissioner

Board of Tax Appeals

Knoxville Brick Co. v. Commissioner

12 B.T.A. 431, 1928 BTA LEXIS 3544

CourtUnited States Board of Tax Appeals

DecidedJune 6, 1928

DocketDocket No. 8844.

StatusPublished

Cited by1 cases

This text of 12 B.T.A. 431 (Knoxville Brick Co. 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

Knoxville Brick Co. v. Commissioner, 12 B.T.A. 431, 1928 BTA LEXIS 3544 (bta 1928).

Pincite

Opinion

[433]*433OPINION.

Trammell:

The only issue involved in this proceeding is the rate at which depreciation should be computed on the petitioner’s assets as carried in the “ Construction Account ” and considered as a group.

We think, from a consideration of all the evidence, that 10 per cent is a fair and reasonable rate of depreciation on the assets of the petitioner, considered as a group.

Judgment will he entered u/nder Rule 50.

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