Knoxville Brick Co. v. Commissioner

Board of Tax Appeals

Knoxville Brick Co. v. Commissioner

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

United States Board of Tax Appeals·Decided June 6, 1928·No. Docket No. 8844.·Published·Cited by 1 cases

Opinion

[433] OPINION.

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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[433] OPINION.

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.

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

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Opinion

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