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Newspaper
Brady Standard
Location
Brady, Texas, United States of America
Date
Feb 11, 1955
Page
7
Bruce Hampton son of Mr and Mrs Dee Hampton of 407 West White Street Brady is a sophomore at Tarleton State College Ste phenville. He graduated Brady High School in 1953.
New adjustments let taxpayers deduct 6 percent of the average unpaid balance on installment sales and allow theft losses in the discovery year. Charitable limits stay at 20 percent AGI with a 10 percent bump for religious, school, or hospital gifts. Medical deductions rise to 3 percent of AGI with caps. medicines reduce by 1 percent of AGI. Child care deductions set at 600 dollars for qualifying individuals, with age limits and dependents rules.
Mrs. B L Hughes of Brady and numerous local families shared dinners and visits from Sunday through Tuesday. Neighbors, seasonal travel, and the return of Clyde Hill from Littlefield punctuate a busy span as rain improves conditions for grain and upcoming coin planting time.
The article outlines two accelerated depreciation methods for new tangible property three years or longer. The double declining balance doubles a percentage based on the asset’s useful life, while the sum of the digits method uses fractions of cost over five years. The column stresses legal guidance and dates after 1953.
Gary Davenport of Brady was a patient in Brady Hospital Saturday and Sunday. H W Topperwein of Menard and Ross Rothman of Mason entered Brady Hospital Sunday. Harold Calley of Brady was discharged from Brady Hospital Sunday.
Patients admitted Monday at Brady Hospital include Mrs. Wayne Powell Mercury Miss Ruth Nix Mason Baby James Young Mrs Joe Elliott Brady W D Edwards Richland Springs and Cecil Davia Brady H D Griffith and Marilyn Waynes Brady were dismissed Monday Entering Tuesday were Mrs Erma Hillyard and Mrs A W Williams Brady and Kent Lewis Menard
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