St. Louis Mallaeable Casting Co. v. Commissioner
United States Board of Tax Appeals
1. Fair market value of patents and patterns for purpose of the deduction for exhaustion, wear and tear determined. 2. Cost of assets to be used for depreciation and invested capital determined.
1Opinion of the Court
ST. LOUIS MALLEABLE CASTING CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
St. Louis Mallaeable Casting Co. v. Commissioner
Docket Nos. 5490, 15168.
United States Board of Tax Appeals
9 B.T.A. 110; 1927 BTA LEXIS 2658;
November 15, 1927, Promulgated
1. Fair market value of patents and patterns for purpose of the deduction for exhaustion, wear and tear determined.
2. Cost of assets to be used for depreciation and invested capital determined.
R. M. O'Hara, Esq., N. B. Landreau, Esq., and Beach P. Burlingham, Esq., for the petitioner.
L. L. Hight, Esq., and Granville S. Borden, Esq.,…
2Cases cited1 opinion
- St. Louis Mallaeable Casting Co. v. CommissionerUnited States Board of Tax Appeals · 1927