United States Board of Tax Appeals June 16, 1927, Docket No. 374 (Appeal of Star Brewing Co.)

*379OPINION.

Moeeis:

The appeal presents two issues for our determination, whether deductions should be allowed for obsolescence of (1) tangible property such as machinery, equipment and buildings and (2) intangible property such as good will.

The right to take a deduction for obsolescence of tangible property is provided for by section 234 (a) (7) of the 1918 Act.