replacement value is not a proper basis for determining depreciation
How later courts described this case
- replacement value is not a proper basis for determining depreciation
Written by the judges who cited it.
The opinion
*781 OPINION.
Van Fossan:
The sole question in this case is the value in 1918 for depreciation purposes of certain property used in the printing business. No evidence was offered as to the date of acquisition or the cost of the property. Replacement value is not a proper basis for determining depreciation. Greenabaum Bros., Inc., v. Commissioner, 6 B. T. A. 86.
Judgment will be entered for the respondent.