Conclusion
The equipment depreciation allocable to taxpayer’s construction of capital facilities is to be capitalized.
Read more about this topic: Commissioner V. Idaho Power Co.
Famous quotes containing the word conclusion:
“No one can write a best seller by trying to. He must write with complete sincerity; the clichés that make you laugh, the hackneyed characters, the well-worn situations, the commonplace story that excites your derision, seem neither hackneyed, well worn nor commonplace to him.... The conclusion is obvious: you cannot write anything that will convince unless you are yourself convinced. The best seller sells because he writes with his heart’s blood.”
—W. Somerset Maugham (1874–1966)
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—William Howard Taft (1857–1930)
“So this
Is man; so—what better conclusion is there—
The day will not follow night, and the heart
Of man has a little dignity, but less patience
Than a wolf’s,”
—Allen Tate (1899–1979)