Who Says Tax Lawyers Are Boring?

The following excerpt is from Federal Income Taxation by Schmalbeck and Zelenak, © 2004 Aspen Publishers, Inc. page 584:

[T]he Supreme Court decided that a newspaper could depreciate its customer list upon a factual showing that the list had an ascertainable useful life (because customers on the list would die, move away, complete the training of their puppy, or otherwise drop their subscriptions, in a statistically predictable manner).

Heh. They “complete the training of their puppy,” and so don’t need a newspaper subscription anymore.