[Code of Federal Regulations]
[Title 26, Volume 7]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.611-0]

[Page 392]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.611-0  Regulatory authority.

    Sections 1.611-1 through 1.614-8, inclusive, are prescribed under 
the authority granted the Secretary or his delegate by section 611(a) of 
the Code to prescribe regulations under which a reasonable allowance for 
depletion and depreciation of improvements shall be allowed, according 
to the peculiar conditions in each case, in the case of mines, oil and 
gas wells, other natural deposits and timber.

[T.D. 6965, 33 FR 10692, July 26, 1968]