All wrecked or substandard vehicles in petitionera#39;s inventory a#39;are valued at 80 percent of their NADA wholesale value, ... for its used-vehicle inventory, for the procedure is prescribed and required hi the dealera#39;s operational manual of Massey Motors, Inc., petitionera#39;s parent corporation. ... Normally, petitioner pays more than NADA wholesale value for the used cars purchased at auction, but all usedanbsp;...
|Title||:||United States Tax Court Reports|
|Author||:||United States. Tax Court|