American Printing Co. v. United States

BREWSTER, District Judge.

This' is an action against the United States, brought to recover income and excess profits taxes alleged to have been erroneously assessed and collected from the petitioner for the taxable year 1919. The ease is submitted on an agreed statement of facts, supplemented by copies of records' introduced in evidence. The only controversy now between the parties relates to the basis upon which an allowance for depreciation shall be computed. Briefly stated, the material facts are as follows

Prior to 1917 the petitioner had acquired and during that year it was the owner and…