Rayville Coal Co. v. Commissioner
United States Board of Tax Appeals
Where subsequent developments show that a material error has been made in the original estimate of mineral reserves, a new estimate may be made and the remaining undepreciated cost of capital assets used in production may be redistributed accordingly.
1Opinion of the Court
RAYVILLE COAL CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Rayville Coal Co. v. Commissioner
Docket No. 38992.
United States Board of Tax Appeals
20 B.T.A. 525; 1930 BTA LEXIS 2095;
August 11, 1930, Promulgated
Where subsequent developments show that a material error has been made in the original estimate of mineral reserves, a new estimate may be made and the remaining undepreciated cost of capital assets used in production may be redistributed accordingly.
H. J. Plagens, Esq., and James W. Broddus, Esq., for the petitioner.
A. H. Fast, Esq., for the respondent.
LANSDON
OPINION.
LAN…
2Cases cited1 opinion
- Rayville Coal Co. v. CommissionerUnited States Board of Tax Appeals · 1930