Case Name: Fontius Shoe Co., Petitioner, v. Commissioner of Internal Revenue, Respondent
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1927-08-22
Citations: 7 B.T.A. 1098
Docket Number: Docket No. 9944
Parties: Fontius Shoe Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: Considered by Maiíqtjltte, Milliken, and Phillips.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 7
Pages: 1098–1099

Head Matter:
Fontius Shoe Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 9944.
Promulgated August 22, 1927.
Arthur H. Laws, Esq., and Richard M. Oreme, O. P. A., for the petitioner.
A. G. Bouchard, Esq., for the respondent.

Opinion:
OPINION.
Van Fossan:
Petitioner is entitled to an allowance for depreciation based on the depreciated cost of furniture and fixtures above found, less salvage value, and prorated over the remaining term of the lease. See Appeal of H. Citrin, 2 B. T. A. 626; Appeal of Kunkel & Co., 3 B. T. A. 133.
Judgment will be entered on IS days' notice, under Buie SO.
Considered by Maiíqtjltte, Milliken, and Phillips.