Memorandum Findings of Fact and Opinion
STERRETT, Judge:
Respondent determined a deficiency in petitioners' Federal income tax for the calendar year 1976 in the amount of $1,158. After concessions by the parties, two issues remain for our determination: (1) whether petitioners are entitled to a deduction for the taxable year 1976 for depreciation of a 1975 Cadillac under section 167(a)(1), I.R.C. 1954 and (2) whether petitioners are entitled to a deduction...
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