Memorandum Opinion
SMITH, Judge:
This proceeding involves income and excess profits tax deficiencies as follows:
-----Deficiency----- Year Income Excess Profits Tax Tax 1938 ....... $2,473.65 $21.07 1939 ....... 1,588.33 ....
The question in issue is the basis to be used in computing depreciation deductions on certain assets which had been owned by a...
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