CENTRAL KANSAS TELEPHONE COMPANY, INC. v. COMMISSIONER

Docket No. 110281.

1 T.C.M. 835 (1943)

The Central Kansas Telephone Company, Inc. v. Commissioner.

United States Tax Court.

Entered March 31, 1943.


Attorney(s) appearing for the Case

M. F. Cosgrove, Esq., 908 National Bank of Topeka Bldg., Topeka, Kans., for the petitioner. Arthur H. Fast, Esq., for the respondent.


Memorandum Opinion

SMITH, Judge:

This proceeding involves income and excess profits tax deficiencies as follows:

                   -----Deficiency-----
  Year            Income   Excess Profits
                   Tax         Tax
  1938 .......  $2,473.65     $21.07
  1939 .......   1,588.33      ....

The question in issue is the basis to be used in computing depreciation deductions on certain assets which had been owned by a...

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