United States Board of Tax Appeals April 29, 1925, Docket No. 1254. (Theodore Tiedemann & Sons, Inc. v. Commissioner)

lead-opinion

*1078OPINION.

Smith:

This appeal presents two questions for determination: (1) The proper method of computing depreciation in the case of this taxpayer, and (2) the deductibility of a shrinkage in value of certain foreign currencies acquired by the taxpayer in the course of its business.

The facts with respect to the depreciation item are stated in the findings of fact.