Grand River Gravel Co. v. Commissioner
United States Board of Tax Appeals
1. Depreciation of petitioner's plant and operating equipment should be computed on a unit-of-production basis. 2. Depletion of a gravel deposit based on discovery value is disallowed. Parker Gravel Co.,21 B.T.A. 51, followed.
1Opinion of the Court
GRAND RIVER GRAVEL COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Grand River Gravel Co. v. Commissioner
Docket No. 23085.
United States Board of Tax Appeals
22 B.T.A. 1124; 1931 BTA LEXIS 2015;
April 8, 1931, Promulgated
1. Depreciation of petitioner's plant and operating equipment should be computed on a unit-of-production basis.
2. Depletion of a gravel deposit based on discovery value is disallowed. Parker Gravel Co.,21 B.T.A. 51, followed.
E. M. Connor, Esq., for the petitioner.
P. M. Clark, Esq., for the respondent.
LANSDON
The respondent has asserted a deficiency in income…
2Cases cited2 opinions
- Parker Gravel Co. v. CommissionerUnited States Board of Tax Appeals · 1930
- Grand River Gravel Co. v. CommissionerUnited States Board of Tax Appeals · 1931