HOWARD-CANFIELD COMPANY v. COMMISSIONER

Docket No. 109635.

3 T.C.M. 319 (1944)

Howard-Canfield Company, a Corporation v. Commissioner.

United States Tax Court.

Entered April 5, 1944.


Attorney(s) appearing for the Case

Julien Francis Goux, Esq., 201 San Marcos Bldg., Santa Barbara, Calif., and William A. McBride, C. P. A., for the petitioner. Byron M. Coon, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

TURNER, Judge:

The respondent has determined a deficiency of $648.33 in income tax against the petitioner for 1938. The issues presented by the pleadings are the correctness of the respondent's action (1) in determining the depreciation allowance on petitioner's building known as the Howard-Canfield Building on the basis of a fair market value of $63,158.61 on March 1, 1913, and a remaining useful life, inclusive of...

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