Document Type

Article

Publication Date

10-30-1995

Publication Title

Tax Notes

Keywords

depreciation, Section 168, wasting asset, utilitarian business use

Abstract

This 1995 article, co-authored with Joseph M. Dodge, explores why the decision in Simon v. Commissioner, 103 T.C. 247 (1994), was wrong, effectively allowing premature deduction of a capital expenditure and, thus, consumption taxation (as opposed to income taxation).

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