Case Name: Appeal of THE CUYAHOGA CO.
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1926-01-21
Citations: 3 B.T.A. 401
Docket Number: Docket No. 3721
Parties: Appeal of THE CUYAHOGA CO.
Judges: Before Phillips and Trammell.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 3
Pages: 401–403

Head Matter:
Appeal of THE CUYAHOGA CO.
Docket No. 3721.
Submitted October 27, 1925.
Decided January 21, 1926.
H. A. MiMUs, O. P. A., and L. 0. Weiss, O. P. A., for the taxpayer.
W. Frank Gibbs, Esq., for the Commissioner.
Before Phillips and Trammell.

Opinion:
DECISION.
The deficiency should be computed in accordance with the foregoing findings of fact by allowing as deductions (1) exhaustion upon the March 1,1913, valuation of the leasehold; and (2) wear and tear and obsolescence upon the building, based upon the termination of its useful economic life on December 31,1934. The basis to be used is the depreciated cost or March 1, 1913, value of the building, used by the Commissioner as the basis in computing the deficiency, which basis was not questioned upon this appeal. Final determination will be settled on 15 days' notice, under Rule 50.