Memorandum Findings of Fact and Opinion
PIERCE, Judge:
Respondent determined a deficiency in the income tax of petitioner corporation for its fiscal year ended June 30, 1959, in the amount of $1,228.64.
The sole issue is whether the amount which petitioner is entitled to deduct as amortization or depreciation on improvements made by it on premises leased from its sole stockholders should be computed on the basis of the useful life of the improvements...
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