Memorandum Findings of Fact and Opinion
COLVIN, Judge:
After concessions, the sole issue for decision is whether petitioner, Colorado National Bankshares, Inc. (CNB), is entitled to depreciate in taxable years 1982, 1983, and 1984 "core deposits intangible" acquired in the purchase of seven banks.
Petitioner is a bank holding company holding only the stock of commercial banks and bank-related subsidiaries.
Respondent determined the following...
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