...determining the loss from the sale or other disposition of the property involved. However, if property used in a trade or business or held for the production of income is totally destroyed by casualty, and if the fair market value of such property immediately before...

...If the property is purchased with the intention of demolishing the buildings and the buildings are used in a trade or business or held for the production of income before their demolition, a portion of the basis of the property may be allocated to such buildings...

...If the property is purchased with the intention of demolishing the buildings and the buildings are used in a trade or business or held for the production of Income before their demolition, a portion of the basis of the property may be allocated to such buildings...

...operation. 40. Dispositions oj depreciable real estate (sec. 233 of the bill and sec. 1250 of the code) (a) Present law. — Under present law, taxpayers may...applying to tangible personal property. They include (1) straight-line depreciation; (2) 150 percent declining balance depreciation; (3) double-declining...

...reasonable depreciation allowance for the exhaustion, wear, and tear (including obsolescence) of property used in a trade or business or held for the production of income. The 1954 Code continues the provision described above but for taxable years after December 31. 1953, adds...

...from gross income a reasonable allowance for the exhaustion, wear and tear and obsolesence of property used in a trade or business or held for the production of income.19 These yearly depreciation a See Livingston, Decision Making in Weapons Development, 36 Harv....

...the exhaustion, wear and tear (including a reasonable allowance for obsolescence) * * *" of property used in a trade or business or held for the production of income. BKIEP HISTORY OF DEPRECIATION UNDEB THE INCOME TAX Because 1 believe that the history of administrative...

...the exhaustion, wear and tear (including a reasonable allowance for obsolescence) * * *" of property used in a trade or business or held for the production of income. BRIEF HISTOKY OF DEPRECIATION UNDER THE INCOME TAX Because I believe that the history of administrative...

...ESTATE SALES The Treasury has proposed taxing as ordinary income the gain on the sale of real estate used in a trade or business or held for the production of income to the extent of the depreciation taken where the property is held for в years or lees. With respect...

...Amendments have been adopted to the regulations relating to the allowance for depreciation of property e Treasury, Internal Revenue Service regulations under section 402 of the Code have been amended to remove the rule relating to the tax...