United States Board of Tax Appeals, 1926

Boericke & Runyon v. Commissioner

Boericke & Runyon v. Commissioner
United States Board of Tax Appeals · Decided February 11, 1926 · James, Littleton, Smith, Trussell
3 B.T.A. 684; 1926 BTA LEXIS 2596
Boericke & Runyon v. Commissioner

Opinion of the Court

*685DECISION.

The net income of the taxpayer during these several years should be computed by allowing 10 per cent depreciation upon furniture and fixtures of the Hew York office, upon the basis of the average investment therein during each of the several years, and by the further allowance of the bonuses paid to employees in the taxable years in question. Final determination will be settled on 10 days’ notice, in accordance with Rule 50.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.