Valuation, depreciation and the rate base

Bibliographic data

Monograph

Identifikator:: 174667931X

URN:: urn:nbn:de:zbw-retromon-119897

Document type:: Monograph

Author:: Grunsky, Carl Ewald http://d-nb.info/gnd/10180959X

Title:: Valuation, depreciation and the rate base

Edition:: 2. ed., revised and extended

Place of publication:: New York

Publisher:: Wiley

Year of publication:: 1927

Scope:: X, 500 Seiten

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XII. The accounting system

Collection:: Economics Books

230 VALUATION, DEPRECIATION AND THE RATE-BASE is defined as including all processes connected with the acquisi- tion of the original road and equipment, road extensions, addi- tions and betterments. The following is from these instructions: « Costs shall be actual money costs to the carrier. When a portion of the funds expended by the carrier has been obtained through donations by the states, municipalities, individuals or others, no deduction on account of such donations shall be made in stating the costs. Contributions for joint expenditures should not be considered as donations. The carrier’s proportion only of the cost of joint projects, such as construction of jointly owned tracks and elimination of highway crossings at joint expense, shall be included in these accounts. “ The charges to the accounts of this classification shall be based upon the cost of the property acquired. When the con- sideration given for the purchase or the improvement of property the cost of which is chargeable to the accounts of this classifica- tion is other than money, the money value of the consideration at the time of the transaction shall be charged to these accounts, and the actual consideration shall be described in the record in sufficient detail to identify it. The carrier shall be prepared to furnish the Commission, upon demand, the particulars of its determination of the actual cash value of the consideration, if other than money. «Tt is intended that the accounts for fixed improvements and equipment shall include the cost of construction of such prop- erty. The cost of construction shall include the cost of labor, materials and supplies, work-train service, special machine ser- vice, transportation contract work, protection from casualties, inquiries and damages, privileges, and other analogous elements in connection with such work.” Treatment of Depreciation and Replacement, Interstate Com- merce Commission. — The attitude of the Interstate Commerce Commission with reference to the depreciation and replacement of property appears from the following instructions: “ When a unit of property other than land or equipment — such as a section of road, side or yard track, shop or power plant machine, building, or other structure — is retired from service and replaced with property of like purpose, the ledger value of the retired property shall be credited to the appropriate

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