Louisiana Statutes
§ 47:157 — Basis for depreciation
Louisiana·Title 47 Revenue and Taxation
The basis upon which exhaustion, wear and tear, and obsolescence are to be allowed in respect of any property shall be the adjusted basis provided in R.S. 47:139 for the purpose of determining the gain upon the sale or other disposition of such property.
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Repealed by Acts 1966, No. 270, §1§ 47:1006
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