United States Board of Tax Appeals April 25, 1929, Docket No. 22005. (Duvin Coal Co. v. Commissioner)

lead-opinion

*196OPINION.

Ceben:

There appears to be no controversy as to the annual rates of depreciation on machinery and equipment, steel rails, buildings, and lakes, since the respondent has admitted, and we so find, that the annual rate of depreciation on steel rails is 10 per cent.