Full text: Valuation, depreciation and the rate base

ACTUAL AND PROBABLE LIFE 
TABLE 5. REPLACEMENT REQUIREMENTS 
NUMEROUS ARTICLES. PROBABLE LIFE 10 YEARS 
Each article is replaced as it goes out of use. For an original investment 
of $100 with no betterments or additions. Also for an investment growing 
at the uniform rate of $100 per year. 
(For the special hypothesis as stated in the text.) 
Plant of full growth, 
original investment Growing plant, annual investment $100. 
Near. $100. 
Replacements per year. Replacements per year.’ Repiacsments per $10 
$ 1.00 $ 1.00 $1.00 
2.01 3.01 1.51 
3.04 6.03 2.02 
4.10 10.15 2.54 
5.20 15.33 3.07 
6.36 21.71 3.62 
7.5% 29.28 4.18 
8.87 38.13 4.77 
10.25 48.39 5.38 
1. 11.73 60.12 6.01 
14 11.33 71.46 3.50 
11.03 82.48 6.87 
: 10.79 93.27 7.18 
rT. 10.60 103.88 7.42 
i 10.46 114.34 7.63 
1 10.28 124.61 +.80 
i 10.09 134.70 -.93 
! 9.85 144.55 1.08 
1 9.53 154.08 5.12 
Zo 9.10 163.18 4.16 
21 9.53 172.72 +23 
$ 9.84 182.56 .30 
: 10.05 192.60 1.37 
z 10.17 202.77 .45 
i 10.22 212.99 32 
2 10.22 223.21 “iy 
7 10.17 233.38 .64 
2. 10.11 243.49 «.69 
2g 10.03 253.52 3.74 
3u 9.97 263.49 8.78 
or 9.99 313.31 8.95 
40 10.01 363.40 9.09 
4; 10.00 413.40 9.19 
52 10.00 463.40 9.27 
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