Kehota Mining Co. v. Commissioner
United States Board of Tax Appeals
1. A corporate taxpayer organized in 1916 and engaged in coal mining operations is entitled to a deduction for depreciation of buildings and all miscellaneous equipment used in its business, computed on the basis of the cost, less salvage, if any, and spread over the estimated time of continuing mining operations in proportion to the quantity of coal produced during each accounting period. 2. Said corporate taxpayer is entitled to a depreciation deduction upon the cost of…
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1. A corporate taxpayer organized in 1916 and engaged in coal mining operations is entitled to a deduction for depreciation of buildings and all miscellaneous equipment used in its business, computed on the basis of the cost, less salvage, if any, and spread over the estimated time of continuing mining operations in proportion to the quantity of coal produced during each accounting period. 2. Said corporate taxpayer is entitled to a depreciation deduction upon the cost of steam and electric shovel units, less salvage, computed upon the basis of the number of tons of coal which each shovel…
1Opinion of the Court
APPEAL OF KEHOTA MINING CO.
Kehota Mining Co. v. Commissioner
Docket No. 1117.
United States Board of Tax Appeals
3 B.T.A. 885; 1926 BTA LEXIS 2547;
February 18, 1926, Decided Submitted June 9, 1925.
1. A corporate taxpayer organized in 1916 and engaged in coal mining operations is entitled to a deduction for depreciation of buildings and all miscellaneous equipment used in its business, computed on the basis of the cost, less salvage, if any, and spread over the estimated time of continuing mining operations in proportion to the quantity of coal produced during each accounting period.
2. Said…
2Cases cited1 opinion
- Kehota Mining Co. v. CommissionerUnited States Board of Tax Appeals · 1926