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EXPLANATION OF TABLE 30
THE PROBABLE USEFUL LIFE OF VARIOUS ARTICLES OF THE CHARACTER
Most FREQUENTLY ENCOUNTERED IN PusLic UTILITY VALUATIONS
The probable life of any article does not depend merely upon
its wearing qualities when in service, but upon a number of
other factors as elsewhere explained. Its useful life under aver-
age conditions is determinable with a greater or less degree of
approximation from a study of all available experience.
Without entering upon a full discussion of the basic available
data, there is here presented a table in which the probable use-
ful term of life for many articles, appliances, machinery and
other things likely to be connected with industrial establish-
ments or with public utilities is noted, due credit being given,
so far as this is practicable, for the source of information in
each case.
Under ordinary conditions and particularly when used in
connection with the Unlimited Life Method of procedure, the
life terms here presented are given without any deduction due
to failure caused by fortuitous events or by inadequacy and
obsolescence.
It is to be noted that in some of the sources from which infor-
mation presented in this table was drawn, the depreciation was
expressed in percentage by the Straight Line Method. This
percentage has been translated into years of probable life.
Summary of Authorities Quoted in Table 30 and Reference to Publication
Alvord. John W. Alvord in Proceedings American Water Works
Association, 1903.
Arbitrators. Board of Arbitration in street lighting controversy at
Atlanta, Georgia, 1899.
Arnold. Bion J. Arnold. Coney Island and Brooklyn figures
adopted by Public Service Commission of New York.
Four Chicago appraisals quoted by H. A. Foster.
Bryan. Wm. H. Bryan. “The Appraisal and Depreciation of
Water Works.” Journal of Association of Engineer-
ing Societies, Dec., 1907.
Burdick. Chas. B. Burdick. Appraisal of Mt. Vernon Water Works,
Illinois, 1906.
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