Case Name: Appeal of DELAWARE COAL & SUPPLY CO.
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1926-08-05
Citations: 4 B.T.A. 752
Docket Number: Docket No. 3908
Parties: Appeal of DELAWARE COAL & SUPPLY CO.
Judges: Before Marquette, Morris, and Grf,en.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 4
Pages: 752–753

Head Matter:
Appeal of DELAWARE COAL & SUPPLY CO.
Docket No. 3908.
Decided August 5, 1926.
J. J. O'1 Byrne, Esg., for the petitioner.
Robert A. Littleton, Esg., for the Commissioner.
Before Marquette, Morris, and Grf,en.

Opinion:
OPINION.
Marquette:
In computing the taxpayer's net income for the year 1920, depreciation on the automobiles and trucks set forth in the findings of fact should be allowed in the amount of $2,668.11. For the year 1921, depreciation should be allowed on said automobiles and trucks in the amount of $5,038.85; and the profit from the sale of the 11 lots referred to in the findings of fact should be $4,656.64, instead of $6,790, as reported by the taxpayer in its return for that year.
Order of redetermination will be entered on 10 days' notice, under Rule 50.