Depreciation Rules for Federal Tax Deductions Explained
A guidance note outlines how depreciation may be claimed under federal income tax law. It explains determining useful lifetimes, calculating annual deductions, and balancing repairs with depreciation. It covers property use, exclusions for personal items, and limits on previous depreciation claims. It also notes specifics for buildings, machinery, and patents and warns against improper deductions for land or nonwear-related value declines.
MENTIONED IN THIS ARTICLE
Internal Revenue
A. C. Gilligan
Navy’s swift advance rivals historic fleets in war surge
The Navy expanded massively as war began, with ships rising from about 400 to over a thousand in commission, personnel swelling from 68 000 to over 260 000 including marines and reserves, and officers growing from 4 500 to over 15 000. Congress funded nearly 1.9 billion for naval purchases, more than all prior 28 years combined, while ships at sea hunted submarines and factories churned out vessels sped from stock to completion.
MENTIONED IN THIS ARTICLE
von Maltke
Germany
Congress
Naval
Navy
Spain
County Seat Cullings Comntion I Saturday Judge Jones assigns cases
In common pleas court Judge Jones set trial dates from January 3 to January 18 with listed dockets including May Stapleton versus Albert Stapleton Agnes L Quick versus William Quick Augusta Watts versus Thomas Watts Mary A Rusk versus Floyd Rusk Louisa Schauer versus John Schauer and other pairs. A temporary restraining order blocked Northam street paving assessments around PiQue. Several civil suits and probate transfers were recorded along with marriage licenses issued by Probate Judge L E St John to multiple couples.
MENTIONED IN THIS ARTICLE
Agnes L. Quick
William Quick
Augusta Watts
Thomas Watts
Mary A. Rusk
Floyd KK. Rusk
Louisa Schauer
John E. Schauer
John C. Stein
Picton
Actiow
Common
Northam Street
Main Street
Rush Creek
Stein
Walter D. Jones
Navy Flying Boats Lead American War Effort in France
The first American forces to land in France were naval aeronautic corps units. The Navy’s air arm rapidly expands with fourteen times more flying boats, many aircraft plants, and Edison heading the Naval Consulting Board in Washington. The article highlights urgent invention and leveraging new methods as crucial to the war effort.
MENTIONED IN THIS ARTICLE
France
Naval Aeronautic Corps
Navy
Aircrac
Philadelphia
Thoms A. Edison
Washington
Naval Consulting Board
Death of Anna Bell Byard in infant loss
Anna Bell Byard infant daughter of Mr and Mrs Russell Byard died this morning. Funeral services were held this afternoon with burial in Forest Hill cemetery. Meanwhile Mr Daniel Spencer is seriously ill at his West High street home.
MENTIONED IN THIS ARTICLE
Anna Bell
Russel Byard
Forest Hill Cemetery
Daniel Spencer
West High Street
State War Board Bulletin on Meat Rationing and Farm Machinery
State War Board urges Ohio households to observe meatless days in November and notes rabbit as a popular substitute with a tested recipe. It also calls farmers to conserve artillery of agriculture by ordering parts, using large machinery, selling unneeded equipment, and proper lubrication and weather protection to extend farm gear life.
MENTIONED IN THIS ARTICLE
Ohio
Lorimer Family Guests Attend Piqua Cantata
Mrs. G. W. Lorimer and her daughter Genevieve visited Piqua friends yesterday to attend the cantata at the Episcopal church last evening.
MENTIONED IN THIS ARTICLE
G. W. Lorimer
Genevieve
Piqua
Episcopalian Church
Calamity Averted in Family Dressing Incident
In a humorous家庭 anecdote Barbara comments on her father's clumsy dressing attempt when her mother was away, sighing that it would be awful if he were the mother, highlighting a light moment of family dynamics and role reversal.
MENTIONED IN THIS ARTICLE
Barbara
Ting-Tsu Chiang Head of Chinese Mission to United States
Ting-Tsu Chiang is named head of the Chinese mission to the United States in a formal appointment. The selection signals ongoing diplomatic ties as Chiang assumes responsibilities guiding bilateral exchanges and public diplomacy efforts.
MENTIONED IN THIS ARTICLE
United States
All Ohio Beats Local Y M C A 32 to 20 in Fast Game
The All-Ohio Basketball team, composed of college stars from eastern schools living in the state, defeated the local Y M C A 32 to 20 Saturday evening. Teuthner, Hosier, Hughes lead the scoring with strong guard work by Henry and Donovan and solid defense by Schrader and Henning. A preliminary Mighty Midgets beat the Junior All-Stars 34 to 9.
MENTIONED IN THIS ARTICLE
All-Ohio
Crawford
Davis
Teubhner
Henry
Hughes
Teuthner
Ohio State
Hosier
Western Reserve
Penn State
Ohio
Mate
Chamberlain
Mote
Shorty Donovan
Henning
Schrader
Murry
Donovan
Birch
All
Mighty Midgets
Roller Skating to usher the New Year at St George Hall
The Old Year out and the New Year in at St George Hall tonight with music. Private Ed Wallon, an aviation corps serviceman visiting to study propeller work at Hartzell, is ill at the Wayne Hotel after traveling from Texas field. He caught a heavy cold during the trip.
MENTIONED IN THIS ARTICLE
St. George Hall
Land Music
Ed Wallon
Aviation Corps
Hartzell
Wayne Hotel
Texas Field
Also Mentioned on This Page
Andy Gilligan
Cullings
Comntion I
Jones
Common Pleas Court
Thuwsday
Stapleton
Albert Stapleton
Danney Mary A. Shields
Francis A. Shields
Join Long
Marie Long
Jennie Cornelison
Walter Cornelison
George C. Maxson
Levertia R. Maxson
Lena M. Gates
William Gates
M. Waymire
Arthur V. Waymire
Common Pleas
Citzens Loan and Credit’ Company
S. R. Young
Bessie Young
John W. Falkner
Lovina Falkner
Emma Groh
BFL
Puterbaugh
Catherine Dorse
Helena Warden
Wthersday
E. Milton Crowe
Januasery
Cortez M. Smith
J. K. Ceyler
Charles I. Prince
William P. Robbins
Danny
Emma Fulker
Chas. F. Faust
Janne William A. Snyder
C. J. Lange
Esta Spitler
Walter Spitler
Jos
Hems
Propate
Ceorge W. Thompson
Jsephine Thompson
Dora
Ren Eyck
Miami Conservancy District
Tipp City
L. E. St. John
James A. Hammer
Indianapolis
Trainman
Mary E. Myers
Young
Paul V. Hance
Stock Chaser
Evora S. Small
Troy
H. Ll. Meister
Harvey W. Hall
Annatice Wiliams
C. Grauser
Clarence B. Swank
West Milton
Farmer
Carrie L. Sando
Laura
Applegate
Henry W. Lehman
Dayton, Weaver
Alma Peterson
Ababi
Wayne
State War Board Bulletin
Ting-Tsu Chiang
H. D. Ruwlman
Mer
Ogqoooooos
Cut Price Shoe Co
Hemmert
Ratclife’s Drug Store
High Street
Plaza Block
Piqua, O
Stout
W. B. Reduso
W. B
Weing Arten ‘Bros., Inc
New York
Chicago
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!