Word: write-off
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Whiskyfied Scholars. Two years later Smellie had written, or pasted together from such sources as Hume, Locke, Voltaire and Francis Bacon, the remaining two volumes. The 2,659-page set contained a long description of Noah's ark and a terse write-off of "Woman": "The female of man. See HOMO." It advised that tobacco could desiccate the brain to "a little black lump consisting of mere membranes." It was salted with 160 excellent engravings by Bell, including a handsome map of North America...
Under the revised program, students working for their Ph.D. will have to complete ten half courses, of which six must be in Government. Previously, 16 half courses were required. In addition, the write-off requirement will be waived in special cases in which the student has had equivalent training, possibly as an undergraduate...
...Boutelle boosted sales from $30.5 million in 1948 to $158.6 million last year, now has a $170 million backlog. Profits jumped from $1,211,563 in 1948 to $4,270,650 in 1955, then slipped to $1,951,484 in 1956, $503,331 last year because of a heavy write-off on the F27. Going into 1958, Fairchild is still writing off on the F27, and will probably show a net loss for the first six months. But the company expects military and civilian orders to increase so fast during the latter half of the year that it will...
...Senate Surface Transportation Subcommittee wound up hearings last week with 2,356 pages of symptoms. Indicated cures: repeal of the wartime 10% passenger excise tax and 3% freight levy; a possible new Government emergency loan fund to help the roads meet soaring maintenance-labor costs; a faster tax write-off period on new equipment by cutting present depreciation rates from 40 years to 20. The subcommittee feels that these changes are politically possible, hopefully expects legislation to bring them about by July...
...preparing to write the new terms into law when the Shah intervened. Realizing that the new terms would discourage foreign money and know-how, he put his weight behind a new, more liberal law containing a 50-50 provision, plus other favorable provisions for foreign investors, e.g., a liberal write-off of expenses before profits are figured...