Case Name: Chapin Laundry Co., Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1927-03-26
Citations: 6 B.T.A. 609
Docket Number: Docket No. 7650
Parties: Chapin Laundry Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Reporter: Reports of the United States Board of Tax Appeals
Volume: 6
Pages: 609–609

Head Matter:
Chapin Laundry Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 7650.
Promulgated March 26, 1927.
G. II. Pease, C. P. A., for the petitioner.
W. H. Lcmder, Esq., for the respondent.

Opinion:
OPINION.
Steiinhagen :
The evidence consisted of a complete list of the property in question and the statements of three witnesses in the laundry business, two of whom knew the specific property and the third who knew the classes of property, all of whom testified as to the life of each item. From this evidence we find that a reasonable allowance for exhaustion, wear and tear of petitioner's' laundry machinery, including a reasonable allowance for obsolescence, is 10 per cent.
Judgment will be entered on 15 days' notice, wnder Rule 50.