Cases: Wilson v. United States, 376 F.2d 280 (Ct. Cl. 1967); Fruehauf Trailer Co. v. Commissioner, 42 T.C. 83 (1964); Las Cruces Oil Co. v. Commissioner, 62 T.C. 764 (1974)
If the property should have been included in the last inventory, the basis shall be the last inventory value thereof.