How did the Thor power tool company get its name?

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How did the Thor power tool company get its name?

In 1953, the company recognized the impact of the Thor name and officially adopted it as the corporate title, Thor Power Tool Company. Using the established Thor logo, Thor Power Tool Company manufactured a broad line of industrial, service, mining, and household tools—some of which were operated by air, some by electricity, and some by gasoline.

Q. What is the significance of the Thor Power Tool co decision?

Thor Power Tool Company v. Commissioner, 439 U.S. 522 (1979), was a United States Supreme Court case in which the Court upheld IRS regulations limiting how taxpayers could write down inventory. Thor manufactured equipment using multiple parts that it produced. It capitalized the costs of these parts when produced.

Q. How is Thor Power hammered publishing?

The short answer: Thor Power eliminated a tax dodge, and thereby made it more expensive for publishers to carry inventory from year to year. As a result, publishers have cut print runs in order to minimize inventory.

Q. Where are SpeedWay tools made?

Cicero, IL, U.S.A.

Q. Who is the company that makes the Thor washing machine?

At any rate, the Hurley Machine Company was now in business producing Thor washing machines using the same logo that had been used by the Independent Pneumatic Tool Company and the Aurora Automatic Machinery Company for the Thor motorcycle.

Q. Where was the first Thor bench grinder made?

An online history of Thor provided many of the key names and dates. The July 1967 issue of Popular Mechanics mentions that Thor Power Tool Co. of 175 North State St., Aurora, Ill., had introduced a new two-wheel bench grinder with shaded-pole motor for $18.88.

Q. Where did the idea of Thor come from?

Thor History. Thor can trace its roots back to 1910 when The Birmingham Belting Co Ltd was founded in Snow Hill, Birmingham, by the Stephens family. Birmingham Belting manufactured flexible drive belts for the Cotton Mills and other industrial applications that were thriving around this time. They also however had a small section within …

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Thor Power Tool Co. used the "lower of cost or market" method to value inventories but the Commissioner of Internal Revenue disallowed write-downs of excess …

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