1926 BTA LEXIS 2944 | B.T.A. | 1926
Lead Opinion
The petitioner contends that it is entitled to an annual deduction from gross income on account of depreciation and economic obsolescence of its property at the rate of 4 per cent on the original cost. From the evidence adduced we conclude that the profitable use and economic life of the petitioner’s building can not be more than
Judgment will be entered on 20 days' notice, under Rule 50.