Memorandum Findings of Fact and Opinion
The respondent determined a deficiency in income tax against R. A. Farish for the year 1941 in the sum of $4,144.43.
The issues are, (1), the determination of the proper basis for depreciation of the petitioner's machinery and equipment, and, (2), whether or not the petitioner is entitled to a deduction for State sales taxes in the amount of $884.61. The respondent also disallowed a deduction for a loss sustained by...
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