Cedarburg Fox Farms, Inc. v. United States of America, Cedarburg Fox Farms, Inc. v. United States

PLATT, District Judge.

Cedarburg Fox Farms Inc., and the Government have appealed from the judgment entered by the district court in a suit to obtain a refund on the taxpayer’s income tax for the year 1944. The taxpayer has appealed from the decision of the district court holding that the taxpayer in determining depreciation upon foxes used for breeding purposes and held by it for more than six months must consider the salvage value of the pelts. The taxpayer concedes that it could establish no deduction for breeder foxes if the salvage value of the pelts had to be considered. The Government…