The Commissioner determined deficiencies in petitioner's corporate income tax for the taxable years 1956 and 1957 in the amounts of $525 and $900, respectively.
The question presented is whether, in the circumstances of this case, petitioner is entitled to depreciate the so-called bonus value, if any, of petitioner's 50-year lease on its business premises.
FINDINGS OF FACT.
The facts stipulated by the parties are incorporated by this reference.<...
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