United States Board of Tax Appeals April 26, 1933, Docket No. 39721 (American Printing Co. v. Commissioner)

*1277OPINION.

Matthews:

The year before us is 1918. The petitioner alleges in the petition that the respondent erred in determining depreciation on assets acquired by it from the Fall River Company on the basis of cost to Fall River Company instead of fair market value at the time the assets were acquired from Fall River Company; that he erred in determining the opening inventory of raw cotton