United States Board of Tax Appeals January 25, 1927, Docket No. 1280 (Appeal of First National Bank of Goodland)

*1175OPINION.

Lansdon:

The proof of the cost of the building, the nature of its construction, and the date of acquisition is conclusive. The Commissioner has allowed exhaustion, wear and tear at the rate of 2 per cent on the cost in 1901, and the petitioner agrees that such rate is reasonable.