Die wirtschaftlichen Beziehungen zwischen Russisch-Polen und dem Deutschen Reiche und die sich daraus für den Friedensschluss ergebenden Folgerungen

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Monograph

Identifikator:: 1011193744

URN:: urn:nbn:de:zbw-retromon-34323

Document type:: Monograph

Title:: Die wirtschaftlichen Beziehungen zwischen Russisch-Polen und dem Deutschen Reiche und die sich daraus für den Friedensschluss ergebenden Folgerungen

Edition:: Als Handschrift gedruckt, streng vertaulich, nicht für die Presse

Place of publication:: Oppeln

Publisher:: Druck von Erdmann Raabe

Year of publication:: 1915

Scope:: 1 Online-Ressource (91 Seiten)

Digitisation:: 2018

Collection:: Economics Books

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

456 VALUATION, DEPRECIATION AND THE RATE-BASE maining value if the cost of replacement at the end of its period of usefulness may be estimated at $2500? On page 465 in the 20-year life 6%, section of Table 33 at 11 years in the right-hand column there are found in the column with the bottom heading “ Present Value” the figures 68.7614 which represent percentage. The remaining value estimated from cost would be 0.687614 X 3000 = $2062.84; consequently the accrued depreciation, estimated from cost, would be 3oco — 2062.84 = $037.16. The remaining value estimated from the cost to replace will be 0.687614 X 2500 = $1719.04. The actual accrued depreciation, therefore, will be 3000 — 1719.04 = $1280.96. Demonstration of Error in Formule as Ordinarily Used in Estimating Current Depreciation That the ordinary depreciation formule based on expectancy or probable remaining life must be in error, even if it be supposed that the expectancy has been correctly ascertained, and that they should be regarded only as approximation formula, can be demon- strated as follows: Let it be assumed that the failures of a large number of articles, each representing an original investment of $100, which are all in the same life class and of the same age, can be grouped in couples such that for each article failing or going out of use s years before the end of the term of the originally predicted probable life, there will be another that fails s years after the end of this term. If the probable life as originally determined was # years, and some years of this life have already elapsed, the remaining actual years of service of the first of the two articles under consideration would be e — s years and of the second e -} s years, where e repre- sents the expectancy of all articles still in service and s is the de- parture in years from this expectancy by each of the two articles separately considered. If the actual failure of these two articles could be correctly forecast the current depreciation thereof would be estimated from the following formule based on equation (41).

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