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:
“The chess pieces are the block alphabet which shapes thoughts; and these thoughts, although making a visual design on the chess-board, express their beauty abstractly, like a poem.... I have come to the personal conclusion that while all artists are not chess players, all chess players are artists.”
—Marcel Duchamp (1887–1968)
“of making many books there is no end; and much study is a weariness
of the flesh.
Let us hear the conclusion of the whole matter: Fear God, and keep
his commandments: for this is the whole duty of man.”
—Bible: Hebrew Ecclesiastes (l. XII, 13)
“A certain kind of rich man afflicted with the symptoms of moral dandyism sooner or later comes to the conclusion that it isn’t enough merely to make money. He feels obliged to hold views, to espouse causes and elect Presidents, to explain to a trembling world how and why the world went wrong. The spectacle is nearly always comic.”
—Lewis H. Lapham (b. 1935)