v2270-264
WILSON BROTHERS AND COMPANY
Interest Depreciation Depreciation
Date Owned by Deducted to Date Acquired Deducted to
Kind of Property Built Cost Wilsons Interest Dec. 31, 1928 by Taxpayer Cost Dec. 31, 1931
- Idaho 1916 $200,000.00 75% $150,000.00 $90,000.00 January 2, 1929 $60,000.00 $18,750.00
- Oregon - 1916 140,386.15 100% 140,386.15 84,231.69 January 2, 1929 56,154.48 25,000.00
Wooden building 1916 7,500.00 4,875.00 January 2, 1929 2,625.00 3,000.00
Furniture and fixtures January 3, 1929 3,480.20 1,500.00
Automobiles 1932
Total -
Endorsed : U.S.B.T.A. Lodged July 5, 1939. Filed July 10, 1939.
225
Residual
Cost
Jan. 1, 1932
Rate From
Jan. 1, 1932
Depreciation
1932
Allowable
1933
$41,250.00
6%%
$2,750.00
$2,750.00
31,154.46
6%%
2,076.96
2,076.96
None
None
None
1,980.20
10 %
198.02
198.02
8,249.25
5 %
900.00
1,649.85
$5,924.98
$6,674.83
22
archive.org Volume Name: govuscourtsca9briefs2270
Volume: http://archive.org/stream/govuscourtsca9briefs2270
Document Link: http://archive.org/stream/govuscourtsca9briefs2270#page/n263/mode/1up
Top Keywords (auto-generated):
petitioner, tax, 1932, 1934, wilson, taxable, corporation, revenue, commissioner, issue, business, section, 1933, income, involved
Top Key Phrases (auto-generated):
peti tioner, wilson brothers, allegations contained, income tax, december 31, woodhead lumber, internal revenue, 1932 1933, accounts receivable, section 293, kentucky fuel, bad debt, partial bad, earned surplus, balance sheets
Document Status: UGLY