Engineering Valuation of Public Utilities And Factories
Engineering Valuation of Public Utilities And Factories
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In our eReader you can find the full English version of the book. Read Engineering Valuation of Public Utilities And Factories Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Engineering Valuation of Public Utilities And Factories
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No property can ever have a physical value equal to its first cost, that is, basing the prices on those originally paid, but starts to deteriorate and wear out the minute it is installed, and as it can never have repairs or renewals applied all at the same time, there is always some part in disrepair to a greater or less degree. In Chicago this condi- tion has been recognized by the Board of Supervising Engineers of the traction systems, and the board states that after rehabili- tating the enti...re properties, they shall be maintained at 85 per cent of their original cost to construct. This percentage is about as high as it is fair to require a public utility property to be main- tained. As this book is written about valuations and not from the bookkeeping standpoint, it is the second or practical definitioii of dejjreciation that will be made use of.
DEPRECIATION 149 The truth is that the subject of depreciation and proper cliarges therefor, correct basis for calculating, and incidentally tlu; han- dhng of the bookkeeping end have not been given due considera- tion in the past, and have, in fact, but recently been brought seriously to the attention of cor]iorations.
What to read after Engineering Valuation of Public Utilities And Factories?
You can find similar books in the "Read Also" column, or choose other free books by Horatio Alvah Foster to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
No property can ever have a physical value equal to its first cost, that is, basing the prices on those originally paid, but starts to deteriorate and wear out the minute it is installed, and as it can never have repairs or renewals applied all at the same time, there is always some part in disrepair to a greater or less degree. In Chicago this condi- tion has been recognized by the Board of Supervising Engineers of the traction systems, and the board states that after rehabili- tating the enti...re properties, they shall be maintained at 85 per cent of their original cost to construct. This percentage is about as high as it is fair to require a public utility property to be main- tained. As this book is written about valuations and not from the bookkeeping standpoint, it is the second or practical definitioii of dejjreciation that will be made use of.
DEPRECIATION 149 The truth is that the subject of depreciation and proper cliarges therefor, correct basis for calculating, and incidentally tlu; han- dhng of the bookkeeping end have not been given due considera- tion in the past, and have, in fact, but recently been brought seriously to the attention of cor]iorations.
What to read after Engineering Valuation of Public Utilities And Factories?
You can find similar books in the "Read Also" column, or choose other free books by Horatio Alvah Foster to read onlineMoreLess
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