Clark Restaurant Co. v. Evatt

The question presented in this appeal is one of limited scope. It is whether the Board of Tax Appeals erred when it found that the unamortized cost of these improvements to the leased properties, which had been capitalized.for the purpose of amortization over the life of the leases on the real estate improved, did not constitute “prepaid items” within the meaning of that term as used in Section 5327, General Code, and therefore should not have been included in determining the taxable credits of the appellee.

■ The facts of the case are not in dispute and are stipulated. The Clark Restaurant…