Case: Knoxville Brick Co., Petitioner, v. Commissioner of Internal Revenue, Respondent
Abbreviation: Knoxville Brick Co. v. Commissioner
Decision Date: 1928-06-06
Docket Number: Docket No. 8844
Citation: 12 B.T.A. 431
Volume: 12
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: Knoxville Brick Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Judges: 
Pages: 431–433

Head Matter:
Knoxville Brick Co., Petitioner, v. Commissioner of Internal Revenue, Respondent.
Docket No. 8844.
Promulgated June 6, 1928.
Jasp&r H. Armstrong, Esq., for the petitioner.
Leroy L. Sight, Esq., for the respondent.

Opinion:
OPINION.
Trammell:
The only issue involved in this proceeding is the rate at which depreciation should be computed on the petitioner's assets as carried in the " Construction Account " and considered as a group.
We think, from a consideration of all the evidence, that 10 per cent is a fair and reasonable rate of depreciation on the assets of the petitioner, considered as a group.
Judgment will he entered u/nder Rule 50.