Über asiatische Wechselkurse

Tote und lebendige Wissenschaft

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Monograph

Identifikator:: 1014023343

URN:: urn:nbn:de:zbw-retromon-24453

Document type:: Monograph

Author:: Mahlberg, Walter http://d-nb.info/gnd/101605218

Title:: Über asiatische Wechselkurse

Edition:: 2. (Titel-) Auflage

Place of publication:: Leipzig

Publisher:: G.A. Glöckner, Verlag für Handelswissenschaft

Year of publication:: 1920

Scope:: 1 Online-Ressource (138 Seiten, 6 ungezählte Faltblätter)

Digitisation:: 2018

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: II. Die asiatischen Wechselkurse

Collection:: Economics Books

POSSIBLE PROCEDURES IN FIXING RATES 173 same probable life when new, some will actually serve a shorter and others a longer time, let it be assumed that a group of articles is under consideration whose average life, and therefore whose probable life, is 5 years. Let it be further assumed in order to give definiteness to the problem that there will go out of use and be replaced 4 per cent of these articles at the end of the first year; 8 per cent at the end of the second year; 12 per cent at the end of the third year; 16 per cent at the end of the fourth year; 20 per cent at the end of the fifth year; 16 per cent at the end of the sixth year; 12 per cent at the end of the seventh year; 8 per cent at the end of the eighth year; and 4 per cent at the end of the ninth year. This hypothesis of failures has already been referred to and its basis explained in Chapter VI. Two courses are open. Either the allowance for amortization or so-called depreciation is extended for each article throughout the period of its probable life, regardless of whether the article fails early or survives, or, as an alternative, the annual allowance of amortization or depre- ciation is continued throughout actual life and stops with the failure of each article. Each article which takes the place of another which is discarded is supposed to receive the same consideration and the same treatment in the accounts as an original article. The result is shown in Table 10. Explanation of Table 10. — In Table 10 there is noted for the Equal Annual Payment Method in column A the amortization requirement computed from amortization tables, entering the tables not with age, but with probable life new less the expect- ancy; and in column B, the amortization requirement as deter- mined from Table 20 by taking the difference between the re- maining value at the beginning of successive years, giving, as explained, consideration to the new articles introduced each year to replace discarded articles. When amortization of capital con- tinues during the actual life of each article, terminating when the article goes out of use, the Equal Annual Payment Method is no longer, strictly speaking, an equal annual payment method

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