INDEX 4 7
Rate-fixing, comparison of various Replacement, fund, amount of money
methods, 172, 174, 175, 182. in, 04, 97, 1609.
conflicting views, 1. mathematical determinations of,
effect of the departure of actual from 90, 96.
probable life, 172. owner’s responsibility for, 35.
Equal Annual Payment Method, 165. purpose of, 127.
fairness the prime consideration, 163. Table No. 2, Replacement fund, 94.
possible methods of procedure, 163. Interstate Commerce Commission on
preferable method of procedure, 163. accounting, 230.
procedure affects market value, 195. provisions for, distinct from amorti-
Sinking Fund Method of deprecia- zation, 2.
tion, 164, 167. requirements, according to law of
Straight Line Method of deprecia- probabilities, 120.
tion, 165. annual, definition, 24.
Unlimited Life Method, 166. annual, computations of annuity
Real Estate, admissibility of evidence for, 120.
relating to value, 200. Comparison of methods of pro-
market value and the rate-base, 197. cedure, Table 7, 115.
property retired from use, Interstate current, definition, 24.
Commerce Commission Act, 232. determination of, 36, gg.
right-of-way value, 206, 207. hypothetical case in illustration, g8.
value in eminent domain proceedings, illustration with cast-iron pipe, 199.
197. in the case of numerous articles,
Reasonable value (see Value). III.
Reasonable cost, amortization of, 32. provided for by alternate meth-
Regulation, essential that it be fair to ods, 102.
owner, 143. Table 4, Replacement Require-
of rates, California Constitution, 144. ments, 5 yr. life, 112.
of rates, the demand for, 2. Table 5, Replacement Require-
of rates, the fairness of, 143. ments, 10 yr. life, 113.
the result of monopolistic character, Table 6, Replacement Require-
142. ments, 20 yr. life, 114.
Remaining life, definition (see Life), 21. Reservoir sites, effect of various factors
Remaining service value, definition, 26. on value, 223.
Remaining value, according to Law of general statement as to land value,
Probabilities, Table g, 119. 221.
definition, 20. value multiple applied to land, 220.
Table 31, Expectancy and Remaining value in relation to water-right value,
value, 432, 437. 220.
(see Value). (see Watershed lands).
Rental value, an aid in determining Residual value, definition, 20.
present value, 72, 181. Restricted franchise, intangible value
Replace, the obligation to, 24, 169, 188. under, 59.
Replacement, cost defined, 25. Return, company entitled to fair
depreciation and amortization, 86. return, Smyth vs. Ames, 18.
earnings applied, 195. rate of, 160, 161.
fund, accounting for, 35, 175. rate of, on donated extensions, 14.
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