Valuation, depreciation and the rate base

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Multivolume work

Identifikator:: 1887156356

Document type:: Multivolume work

Author:: Schmoller, Gustav von http://d-nb.info/gnd/118609378

Title:: Grundriß der allgemeinen Volkswirtschaftslehre

Place of publication:: Berlin [u.a.]

Publisher:: Duncker & Humblot

Year of publication:: 1900-

Collection:: Economics Books

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Volume

Identifikator:: 1887256288

URN:: urn:nbn:de:zbw-retromon-242253

Document type:: Volume

Author:: Schmoller, Gustav von http://d-nb.info/gnd/118609378

Title:: Verkehr, Handel und Geldwesen. Wert und Preis. Kapital und Arbeit. Einkommen. Krisen, Klassenkämpfe, Handelspolitik. Historische Gesamtentwickelung

Volume count:: 2.1904

Place of publication:: Berlin [u.a.]

Publisher:: Duncker & Humblot

Year of publication:: 1904

Scope:: X, 719 S.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Drittes Buch. Der gesellschaftliche Prozeß des Güterumlaufes und der Einkommensverteilung

Collection:: Economics Books

224 VALUATION, DEPRECIATION AND THE RATE-BASE of water-right and of reservoir and watershed values for the probable lapse of time before the water will actually be in use. Watershed Land Value. — When storage reservoirs for water for domestic use are involved and the value of the watershed lands is to be determined, it would be legitimate to give consid- eration to the modification of the cost of operation which might result from the ownership of these lands. When such ownership would result in safeguarding the quality of water so that filtra- tion and other treatment to make the water attractive and wholesome would become unnecessary, some light will be thrown on the value to the water works owner by the added cost that would be incurred for a purification of the supply if the water were in danger of pollution due to the use of lands in the water- shed for human habitation or for other purposes that would de- tract from the wholesomeness of the runoff waters. Considera- tion would certainly be given by a prudent purchaser who is weighing the desirability of acquiring watershed lands to this matter and, therefore, this is properly an element to be con- sidered in determining the value of watershed lands whether already in use or required for early use. In this connection consideration would be given: first, to the degree of protection which will result from such ownership, because, after all, the ownership may not be an absolute insur- ance against the necessity of some treatment, such as filtration, sooner or later; second, to the sentimental value attaching to any drinking water not subject to the danger of pollution in comparison with a water known to have been polluted but made wholesome by suitable treatment; third, to the time in the future when the expenditures for filtration and other treatment will begin; fourth, also to any protection which the ownership of the watershed would give against an adverse use of the waters originating therein, and against their diversion from the water- shed and, finally, to any other benefits that might result from such ownership, such as uses not incompatible with the devel- opment of the water supply. Frequently, of course,’ the value of watershed lands, owing to

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