# American Valve Co. v. Commissioner

> United States Board of Tax Appeals · September 30, 1926 · 4 B.T.A. 1204

URL: https://www.frixlaw.com/law-library/cases/4497274

## Case

- **Full name:** APPEAL OF AMERICAN VALVE CO.
- **Court:** United States Board of Tax Appeals
- **Decided:** September 30, 1926
- **Citations:** 4 B.T.A. 1204; 1926 BTA LEXIS 2008
- **Precedential status:** Published
- **Opinion:** Opinion of the court by Littleton
- **Judges:** Littleton
- **Cited by:** 1 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4497274

## Opinion text

*1206 OPINION.
Littleton:
In December, 1917, petitioner definitely determined that its plant, in which its operations were then being carried on, had served its usefulness and would have to be abandoned within ¡approximately two years. In addition, it determined that the sal *1207 vage value of the entire properties was approxima'tly $20,000. The use of the properties was abandoned in June, 1920, and later, through the efforts of the local board of trade, they were sold for $20,000. The petitioner therefore was entitled to an obsolescence deduction over the period from January 1, 1918, to June 30, 1920, of the December 31, 1917, depreciated cost of its buildings and wharf.
Judgment for the 'petitioner. Order of re-determination will be entered on 15 days’ no tice, under Rule 50.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4497274. Public record. Not legal advice.