Memorandum Findings of Fact and Opinion
TIETJENS, Judge:
The respondent determined deficiencies in income taxes of the petitioner for the years ended November 30, 1955 and November 30, 1956 in the amounts of $5,119.69 and $5,589.06 respectively. The sole issue to be resolved is whether capital improvements by the petitioner upon leased property should be amortized over the stated period of the lease or depreciated over the estimated useful life of the improvements...
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