Eaton v. Commissioner
United States Tax Court
1. Composite rates of depreciation claimed on machinery and motor vehicles used in construction work, held, on the evidence to be proper. 2. A contracting firm in 1941 rented machinery and equipment to the United States Government at a stipulated monthly rental under a contract providing that the Government could elect to purchase any or all items on completion of certain work by paying the difference between the agreed value of the items (plus 1 per cent a month) and the…
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1. Composite rates of depreciation claimed on machinery and motor vehicles used in construction work, held, on the evidence to be proper. 2. A contracting firm in 1941 rented machinery and equipment to the United States Government at a stipulated monthly rental under a contract providing that the Government could elect to purchase any or all items on completion of certain work by paying the difference between the agreed value of the items (plus 1 per cent a month) and the total rentals paid. In April 1942 the Government made purchase of the items pursuant to the contract. (a) Amounts paid for…
1Opinion of the Court
Estate of Clarence B. Eaton, Deceased, Murl P. Eaton, Executrix, Petitioner, v. Commissioner of Internal Revenue, Respondent. Murl P. Eaton, Petitioner, v. Commissioner of Internal Revenue, Respondent. James M. Smith, Petitioner, v. Commissioner of Internal Revenue, Respondent. Minnie I. Smith, Petitioner, v. Commissioner of Internal Revenue, Respondent
Eaton v. Commissioner
Docket Nos. 12099, 12100, 12101, 12102
United States Tax Court
10 T.C. 869; 1948 U.S. Tax Ct. LEXIS 183;
May 18, 1948, Promulgated
Decisions will be entered under Rule 50.
1. Composite rates of depreciation claimed on machinery…
2Cases cited13 opinions
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
- Pereira v. PereiraCalifornia Supreme Court · 1909
- United States v. MalcolmSupreme Court of the United States · 1931
- Estate of GoldCalifornia Supreme Court · 1915
- Witaschek v. WitaschekCalifornia Court of Appeal · 1942
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