Hillyer, Deutsch, Edwards, Inc. v. Commissioner
United States Board of Tax Appeals
1. Salvage value of logging equipment determined from the evidence. 2. In determining the unit rate of depreciation per thousand feet as a step in computing depreciation upon the unit-of-production basis, both the additions to the physical equipment account and the additions to the available timber account should, in the absence of evidence showing the exact date such additions were made, be averaged over the entire year. 3. A certain contract held to be an assignment of a…
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1. Salvage value of logging equipment determined from the evidence. 2. In determining the unit rate of depreciation per thousand feet as a step in computing depreciation upon the unit-of-production basis, both the additions to the physical equipment account and the additions to the available timber account should, in the absence of evidence showing the exact date such additions were made, be averaged over the entire year. 3. A certain contract held to be an assignment of a prior contract rather than a novation thereof. 4. Evidence held insufficient to overcome the prima facie correctness of…
1Opinion of the Court
HILLYER, DEUTSCH, EDWARDS, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Hillyer, Deutsch, Edwards, Inc. v. Commissioner
Docket Nos. 36893, 42168.
United States Board of Tax Appeals
21 B.T.A. 452; 1930 BTA LEXIS 1845;
November 28, 1930, Promulgated
1. Salvage value of logging equipment determined from the evidence.
2. In determining the unit rate of depreciation per thousand feet as a step in computing depreciation upon the unit-of-production basis, both the additions to the physical equipment account and the additions to the available timber account should, in the absence of…
2Cases cited1 opinion
- Hillyer, Deutsch, Edwards, Inc. v. CommissionerUnited States Board of Tax Appeals · 1930