Donaldson Iron Co. v. Commissioner
United States Board of Tax Appeals
1. The amount of depreciated cost of assets formerly written off as expense and properly restored to invested capital through surplus determined. 2. The amount of the fair market value on March 1, 1913, of assets subject to depreciation determined.
1Opinion of the Court
DONALDSON IRON CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Donaldson Iron Co. v. Commissioner
Docket No. 5762.
United States Board of Tax Appeals
9 B.T.A. 1081; 1928 BTA LEXIS 4301;
January 7, 1928, Promulgated
1. The amount of depreciated cost of assets formerly written off as expense and properly restored to invested capital through surplus determined.
2. The amount of the fair market value on March 1, 1913, of assets subject to depreciation determined.
C. J. McGuire, Esq., J. Marvin Haynes, Esq., W. C. Magathan, Esq., and D. M. Russell, C.P.A., for the petitioner.
John D.…
2Cases cited1 opinion
- Donaldson Iron Co. v. CommissionerUnited States Board of Tax Appeals · 1928