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 hearts blood.”
—W. Somerset Maugham (18741966)
“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 (18871968)
“Human affairs are so obscure and various that nothing can be clearly known. This was the sound conclusion of the Academic sceptics, who were the least surly of philosophers.”
—Desiderius Erasmus (14691536)