Gruen Watch Co. v. Evatt

Section 5389, General Code, provides in part that in “the case of personal property used in business, the book value thereof, if any, less book depreciation, at such time or times, shall be listed and such depreciated book value shall be taken to be the true value of such property, unless the assessor shall find that such depreciated book value is greater or less than the then true value of such property in money. ’ ’

The appellee contends that the Tax Commissioner made no finding that the true value of the watch movements and parts was greater or less than the depreciated book value for the…