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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Dec 16, 1968
Page
7
William L. Raby CPA notes IRS view of the film Streetcar Named Desire as a depreciable asset. The tax court held the stockholder could have depreciated the picture, making the sale gain ordinary income rather than capital gain, with tax implications totaling $67,500.
A communications rocket launch is planned with an event tied to a tax matter. The report notes a $67,500 tax deficiency that had to be paid.
Science reports a medication that promptly stops itching and relieves pain while shrinking hemorrhoids. Tests show repeated reductions of inflamed tissue as Preparation H soothes irritated areas and helps prevent infection. Available in ointment or suppository form.
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