A-55239:
Oct 19, 1934
AMONG THESE ITEMS ARE DEPRECIATION AND OBSOLESCENCE. IN SOME RENTAL CONTRACTS THERE ARE ALSO INCLUDED PAY OF OPERATOR. LUBRICANTS ARE SPECIFICALLY EXCLUDED BY THE ACT FROM THE LIMITATION OF $400. THE SINGLE ITEM OF DEPRECIATION AND OBSOLESCENCE WILL FOR THE FIRST YEAR OF A CAR'S LIFE AMOUNT TO ABOUT 30 PERCENT OF THE MARKET PRICE. RENTAL OF A NEW CAR FOR 6 MONTHS WILL INCLUDE ABOUT 75 PERCENT OF T...