Memorandum Findings of Fact and Opinion
ATKINS, Judge:
The respondent determined a deficiency in income tax for the taxable year 1961 in the amount of $7,972,52. The issue is whether the petitioner is entitled to a deduction for depreciation with respect to depreciable assets which it sold during the taxable year.
Findings of Fact
Some of the facts have been stipulated and the stipulations are incorporated herein by this reference.
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