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Digital Provenance
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Publisher
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Transcription
i 2 In the development of the fixed capital figures, such general questions arise as to the allowance for water rights, and the respective weights that may he accorded to * investment cost", original cost, and to present day replacement cost, as well as to the deduction for depreciation. In addition, the matter of the present market value of land (as the same is to be included in the original cost estimate) is Important in the wholesale cost of water. There is no land on the LVL&WCo. system. During the war years, certain distribution water mains were amortised at the expense of income. Historically, the amounts were as follows s Amount Amortized 1942 $ 7,542 45 17,920 44 36,802 45 98,419 Total, $iiS,4SS The physical plant facilities represented by these amounts are all used in rendering water service. Another item is in reference to the advances made by real estate eubdlvlders. The monies advanced that are subject to refund at 50^ of the customer's water bill stood at $208,148 as of December 51, 1949. Cost of Watert Under "Cost of Water* as now paid by LVL&WCo. are charges predicated on* 1 - The undepreciated fixed capital of the LA&SLHBCo» 2 - Depreciation at the rate of 4$* t
