Excerpt from Valuation of the Properties of Public Utility Corporations Diagram VII. Equitable Capitalization and Rates per capita of population for Public Util ity Corporations (water Works), on basis of 5 per cent. Compensation. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Excerpt from Prentice-Hall Tax Service for 1919 This allowance is not based upon the difference between the actual war cost of such facilities and what they would have cost at pre-war prices. Obviously the taxpayer is not entitled to recover or extinguish through amortization more than the difference between the war cost of such property and what he can sell the property for after the war, or if he continues to need and use it in his business, what it would have cost him after the war. As the rule is expressed in Article 183 of the Regulations: The total amount to be extinguished by amortization, in general, is the excess of the unextinguished or unrecovered cost of the property over its maximum value (either for sale or for use as part of the plant or equipment of a going business) under stable post war. Conditions.' About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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Excerpt from Valuation of Public Utility Properties At the present time there exists no general practice or well formulated theory of the valuation of utility property. This is indicated by the generally confused state of the public mind, the divergent views of those engaged in the work, and the contradictory positions taken by the public authorities and courts as to the proper basis of valuing such property. Much important information relating to valuation work exists in various public papers, but heretofore there has been no comprehensive attempt to digest and compile this material. The author has been engaged for several years past in valuing property aggregating hundreds of millions of dollars. He has devoted much time to the study of the opinions, papers, discussions, reports of commissions, and court decisions relating to the subject. He has endeavored in this book to digest this material, in so far as possible and to present a summary of the best practice, with typical examples thereof. The aim has been to indicate, if possible, the line along which theory and practice seem likely to be standardized. No attempt is made to hold a brief either for the necessity of valuing property on the one hand, or the injustice of doing so, on the other. The work relates rather to approved methods of ascertaining values not only of tangible property, but of intangible property as well. It treats of appraisals which have become more or less historic, and have helped to establish the precedents of current practice. Since it frequently happens that the valuations of utility property are submitted to the scrutiny of the courts, references are frequently made in this book to the judicial rulings which, though at times contradictory and somewhat confusing, nevertheless indicate the general lines along which valuations must be made in order to render then unassailable. The author has made use in the preparation of this work, of papers which he has previously presented before engineering societies. These, however, have been revised and elaborated. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.