Excerpt from Depreciation and Wasting Assets: And Their Treatment in Assessing Annual Profit and Loss The increasing demands for reduction in charges for the supply of municipal and other public services in the nature of monopolies, such as railways, tram ways, electricity, gas, &c., based on the declared annual profits earned by the operation of such services. NO equitable adjustment is possible under any Of these heads without the reasonably accu rate assessment Of annual profit and loss, and this can never be attained without systematic attention to the subject Of Depreciation and Wasting Assets. Under these circumstances it is startling to find the general admission that the subject is in an altogether neglected and chaotic state, coupled with the further general admission that, unless a near approximation to the outlay on wasting assets which has expired within each year (depreciation) is made and fully provided for by being refunded out Of the revenue receipts Of the year, no correct state ment of annual profit or loss can be Obtained. 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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