| United States. Congress. Senate. Committee on Finance - Internal revenue - 1921 - 836 pages
...accumulation of an insurance reserve against losses from fire, insect or other cause, such allowance to be made under rules and regulations to be prescribed by the Commissioner with the approval of the Secretary, and to cease when the accumulated reserve is adequate to protect against... | |
| William Blose Reed - Bituminous coal - 1922 - 242 pages
...income there shall be allowed as deductions: "In the case of mines, oil and gas wells, other mineral deposits and timber, a reasonable allowance for depletion...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted: Provided, That in the case of... | |
| James Hinton Pou - Corporation law - 1922 - 1032 pages
...allowance for the depreciation and obsolescence of property used in the trade or business; and, in the case of mines, oil, and gas wells, other natural deposits,...and timber, a reasonable allowance for depletion: Provided, that in computing the deductions allowed under this paragraph, the basis shall be the cost... | |
| Emerson Emanuel Rossmoore - Income tax - 1922 - 592 pages
...provisions of section 252; 129 (9) In the case of mines, oil and gas wells, other natural de13O P os its, and timber, a reasonable allowance for depletion and...depreciation of improvements, according to the peculiar con135 ditions in each case, based upon cost including cost of development not otherwise deducted:... | |
| Irving Bank. Columbia Trust Company - Income tax - 1923 - 148 pages
...be credited or refunded to the taxpayer in accordance with the provisions of section 252; (9) In the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted : Provided, That in the case of... | |
| United States. Congress. House. Committee on Ways and Means - Finance - 1923 - 256 pages
...be credited or refunded to the taxpayer in accordance with the provisions of section 252; (9) In the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted: Provided, That in the case of... | |
| United States. Internal Revenue Service - Income tax - 1924 - 396 pages
...property used in the trade or business, including a reasonable allowance for obsolescence ; (8) In the case of mines, oil and gas wells, other natural deposits,...regulations to be prescribed by the Commissioner with the approval of the Secretary. In the case of leases the deductions allowed by this paragraph shall be... | |
| Eric Louis Kohler - Accounting - 1924 - 514 pages
...credited or refunded to the taxpayer in accordance with the provisions of section 252; * (9) In the case of mines, oil and gas wells, other natural deposits,...according to the peculiar conditions in each case, based upon cost including cost of development not otherwise deducted: Provided, That in the case of... | |
| |