United States Board of Tax Appeals January 16, 1925, Docket No. 180. (Wigwam Amusement Co. v. Commissioner)

*336DECISION.

On authority of the Appeal of the First National Bank of Evanston, Wyo., 1 B. T. A. 9, it is held that the $30,000 representing the imextinguished cost of the building purchased by this taxpayer in 1906, which was demolished and discarded in 1912 and replaced by a new building, was a proper deduction as a loss in that year.