Memorandum Findings of Fact and Opinion
This proceeding involves a deficiency in petitioner's income tax liability for 1958 determined by respondent in the amount of $9,334.15. The critical issue is whether the respondent erred in disallowing depreciation deductions on certain business assets sold during 1958 to the extent that the sales price exceeded the adjusted basis at the beginning of the year of sale. In an...
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