United States Board of Tax Appeals November 2, 1928, Docket Nos. 16314, 25059 (Washington Shirt Co. v. Commissioner)

*1361OPINION.

Siefkin :

The only question is the March 1, 1913, value of a leasehold. The respondent has allowed depreciation upon $61,316.76, the amount expended on improvements in 1910, but the petitioner contends for approximately $39,000 additional value.