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GEORGIA PROPERTIES CO. v. HENSLEE

Civ. A. Nos. 2023, 2024.

138 F.Supp. 587 (1955)

GEORGIA PROPERTIES CO. v. Lipe HENSLEE, etc. GEORGIA PROPERTIES CO. v. Early M. McCANN, etc.

United States District Court M. D. Tennessee, Nashville Division.

December 15, 1955.

Attorney(s) appearing for the Case

F. A. Berry and W. W. Berry (of Bass, Berry & Sims), Nashville, Tenn., for plaintiff.

Fred Elledge, Jr., U. S. Atty., Nashville, Tenn., Robert B. Ross, Dept. of Justice, Washington, D. C., for defendant.

WILLIAM E. MILLER, District Judge.

As set forth in the plaintiff's brief, the sole question for decision is "* * * whether Georgia Properties Co. is entitled to use the amount it paid for the stock of Rhodes-Haverty Investment Company as a basis for computing depreciation on the physical assets acquired by it in the liquidation of the Rhodes-Haverty Investment Company; or whether the adjusted basis of these assets to the...

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