Public Utilities: Their Cost New and DepreciationD. Van Nostrand Company, 1913 - 262 páginas |
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Página 14
... definite values can be attrib- uted to each of these factors individually , and whether such values , if present , can be included as a part of pres- ent value of a property in all cases , will be considered in a later chapter . The ...
... definite values can be attrib- uted to each of these factors individually , and whether such values , if present , can be included as a part of pres- ent value of a property in all cases , will be considered in a later chapter . The ...
Página 15
... Works v . San Francisco , 165 Fed . 680 . See also Ames v . Union Pacific R. R. , 64 Fed . 165 . inal cost can be but one definite figure . It PROPERTY VALUATIONS 15 Figures showing value independent of purpose of valuation.
... Works v . San Francisco , 165 Fed . 680 . See also Ames v . Union Pacific R. R. , 64 Fed . 165 . inal cost can be but one definite figure . It PROPERTY VALUATIONS 15 Figures showing value independent of purpose of valuation.
Página 16
Their Cost New and Depreciation Hammond Vinton Hayes. inal cost can be but one definite figure . It may be a figure difficult to obtain , and two accountants may derive different results , but each is seeking the same result work- ing ...
Their Cost New and Depreciation Hammond Vinton Hayes. inal cost can be but one definite figure . It may be a figure difficult to obtain , and two accountants may derive different results , but each is seeking the same result work- ing ...
Página 19
... definite period of time . 3. That the fair present costs can be obtained for the land , material and labor used in the plant . The first of these assumptions involves two questions , one , shall the replacement cost be figured upon new ...
... definite period of time . 3. That the fair present costs can be obtained for the land , material and labor used in the plant . The first of these assumptions involves two questions , one , shall the replacement cost be figured upon new ...
Página 23
... definite assumption as to the time that will be required to bring together the materials needed and to perform the work necessary in placing the materials in the plant and fitting the plant for operation . It is impossible to conceive ...
... definite assumption as to the time that will be required to bring together the materials needed and to perform the work necessary in placing the materials in the plant and fitting the plant for operation . It is impossible to conceive ...
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Términos y frases comunes
amortization amount annuity appraisal arising ascertaining basis buyer capital cent Commission compound interest consideration considered consisting of plant Consolidated Gas Co construction convertible securities cost-new court current repair decisions definite depreciation reserves determined earnings engineer erty existing fact factor fair present value fair return fair value figures franchise inadequacy increased increment invested in plant investment in perishable loss in value Manor Water mean age ment obsolescence obtained operating expenses original cost original investment Overhead charges paid perishable property physical plant elements plant units portion probable proper property consisting public utility undertakings question rate of return reasonable remaining replacement cost represented reserve fund reserves are invested reserves for depreciation reserves for renewals ruled salvage value securities sinking fund method stockholders straight line method tion unit costs unit of plant valuation value inherent wear and tear wearing value
Pasajes populares
Página 70 - But the value of property results from the use to which it is put and varies with the profitableness of that use, present and prospective, actual and anticipated. There is no pecuniary value outside of that which results from such use.
Página 248 - It is entitled to see that from earnings the value of the property invested is kept unimpaired, so that at the end of any given term of years the original investment remains as it was at the beginning. It is not only the right of the company to make such a provision, but it is its duty to its bond and stockholders, and, in the case of a public service corporation at least, its plain duty to the public.
Página 3 - If a railroad corporation has bonded its property for an amount that exceeds Its fair value or if its capitalization is largely fictitious, it may not impose upon the public the burden of such increased rates as may be required for the purpose of realizing profits upon such excessive valuation or fictitious capitalization...
Página 230 - There is no particular rate of compensation which must in all cases and in all parts of the country be regarded as sufficient for capital invested in business enterprises. Such compensation must depend greatly upon circumstances and locality; among other things, the amount of risk in the business is a most important factor, as well as the locality where the business is conducted and the rate expected and usually realized there upon investments of a somewhat similar nature with regard to the risk...
Página 210 - ... and we concur with the court below in holding that the value of the property is to be determined as of the time when the inquiry is made regarding the rates.
Página 133 - Before coming to the question of profit at all the company is entitled to earn a sufficient sum annually to provide not only for current repairs but for making good the depreciation and replacing the parts of the property when the}- come to the end of their life.
Página 124 - What the company is entitled to ask is a fair return upon the value of that which it employs for the public convenience. On the other hand, what the public is entitled to demand is that no more be exacted from it for the use of a public highway than the services rendered by it are reasonably worth.
Página 3 - And in order to ascertain that value, the original cost of construction, the amount expended in permanent improvements, the amount and market value of its bonds and stock, the present as compared with the original cost of construction, the probable earning capacity of the property under particular rates prescribed by statute, and the sum required to meet operating expenses, are all matters for consideration, and are to be given such weight as may be just and right in each case. We do not say that...
Página 123 - It cannot be said that a corporation is entitled, as of right, and without reference to the interests of the public, to realize a given per cent, upon its capital stock...
Página 248 - If a different course were pursued the only method of providing for replacement of property which has ceased to be useful would be the investment of new capital and the issue of new bonds or stocks. This course would lead to a constantly increasing variance between present value and bond and stock capitalization — a tendency which would inevitably lead to disaster either to the stockholders or to the public, or both.