Masonry Magazine October 1963 Page. 22
EVEREADY
PRODUCTS
NOW!
Extra
Power
Means
EXTRA MUSCLE
in Eveready Briksaws
• Eveready has added "EXTRA MUSCLE" MOTORS in 2, 3 and 5 H.P. motors with optional thermal overload motor protectors!
• New cast aluminum cutting head and new conveyor cart design lets you saw more save more than ever before!
Model
DW 142
Famous XTRA DUTY Briksaws Now Offer 2 H.P.
Masonry Duty Motors for Extra Power!
There's an Eveready blade for every cutting job! All scientifically designed to give the lowest cutting cost on all masonry materials.
TUFFIE
READY-CUT through any
Diamond
XTRA-CUT Reinforced
Abrasive
aggregate.
Call Collect for Name of Distributor Nearest You!
KANSAS CITY, MISSOURI
Willow 2-3216; Area Code 816
Eveready Is Everywhere With
Concrete Saws Masonry Saws Blades Core Drills &
Bits Grinding Wheels Cup Wheels Rubbing Brick
EVEREADY
Ready-Cut BRIKSAW COMPANY
Box 9652 D,
Kansas City 34, Missouri
ED 305
Questions & Answers
(Continued from page 11)
Answer: No. An expense for entertainment not be considered lavish or extravagant merely because it involves first-class accommodations or services. An expense which, considering the facts and circumstances, is reasonable will not be considered lavish or extravagant.
Entertainment Facilities
43. Question: Are all expenditures for facilities used in connection with entertainment, such as yachts, disallowed under these new rules?
Answer: Not if the taxpayer can show that (1) the facility was used more than 50 percent for business purposes (see questions 46 and 60 to 66), and (2) the entertainment was directly related to his business (see questions 47).
44. Question: What is an entertainment facility?
Answer: Generally, an entertainment facility implies property used by a taxpayer in connection with entertainment such as a yacht, hunting lodge, fishing camp, swimming pool, or an apartment, hotel suite, or a home at a vacation resort.
45. Question: What types of expenditures are subject to the entertainment facility rules?
Answer: The facility expenditure limitations cover depreciation and general operating costs such as utility charges, repairs, insurance, salaries of watchmen, etc. Also covered are losses on the sale of the facility. In addition certain club dues are treated as an expense for a facility. (See questions 54 to 59.)
46. Question: How does one meet the 50 percent facility test?
Answer: Generally, the taxpayer would satisfy this test if he could show that more than 50 percent of the use of the facility is for "ordinary and necessary" business purposes so that more than one-half of the annual operating expense would be deductible under prior law. (See questions 60 to 66.)
47. Question: If the taxpayer meets the 50 percent test, will he be assured of obtaining a deduction for at least 50 percent of the facility expenditures?
Answer: Not necessarily. Once the 50 percent test is met, a deduction is allowed only for that portion of the cost which is "directly related" to the active conduct of business. (See questions 33 to 38 and 55.) For example, a taxpayer might be able to show that 60 percent of the use of his yacht was for business entertaining, but that only 45 percent was for entertaining "directly related".
MODERN
SCAFFOLDING
METHODS
for the
MASON CONTRACT
PSS
THE PATENT SCAFFOLDING CO.,
38-21-12th St. Long Island City
Branches in all Principal Ci
MASONRY October,