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i The Commission found in 1931 from exhibits and annual reports of the Las Vegas Land and Water Compary a value of $62,14.03,63 for the physical property owned solely by the Las Vegas Land and Water Compary based on a value of $81,928.05 depreciated since 1911 by $19,52k.k2. Since 1931 the Las Vegas Land and Water Company1s distribution facilities have been extended or enlarged to the following extent: Value January 1, 1931 (undepreciated) $8l,928.05 (L.V.L.&W. Co. balance sheet 12/31/31 lists assets Las Vegas Water System 8k,195.2k and liabilities accrued depreciation pipe linos Las Vegas,' Nevada No change indicated in plant 1932 report shows assets - L.V. Water System accrued depreciation No change indicated in plant 1933 report shows fixed capital end of year balance in reserve end of year 193k report shows fixed capital end of year balance in reserve end of year 1935 report shows fixed capital end of year balance in reserve end of year 1936 report shows fixed capital end of year balance in reserve end of year 1937 report shows v fixed capital end of year balance in reserve end of year 1938 report shows fixed capital end of year balance in reserve end of year 1939 report shows fixed capital end of year balance in reserve end of year 19k0 report shows fixed capital end of year 10k,099.91 balance in reserve end of year 33,Ok6.28 20,736.18) 8k,3k2.53 21,99k.37 85,081.91 23,25k.k9 9k,718.50 2k,569.k2 90,kk3.65 25,922.03 90,kk3.65 27,305.39 91,161.32 28,685.k8 93,832.27 30,087.86 95,610.56 31,531.kk - 19'