United States Eighth Circuit
O'SHAUGHNESSY v. COMM'R OF INTERNAL REVENUE, 02-1532/1603
Taxpayer was entitled to depreciate molten tin used in flat glass manufacturing under 26 U.S.C. section 167, as the tin underwent exhaustion, wear and tear under that provision. Because the tin initially qualified as depreciable capital property, taxpayer appropriately depreciated the tin under section 168.
Appellate Information
- Decided 06/13/2003
- Published 06/13/2003
Judges
Court
- United States Eighth Circuit