United States Court of Federal Claims January 12, 1995, No. 93-369T (B.F. Goodrich Co. v. United States)

OPINION

HODGES, Judge.

The IRS disallowed a portion of the depreciation deductions taken by plaintiff on property that qualified for the investment tax credit under I.R.C. § 38 (1988). The basis of such property for depreciation purposes is reduced by the amount of investment tax credit determined. §§ 48(q), 49(d).