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upr000095 46

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upr000095-046
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    University of Nevada, Las Vegas. Libraries

    BASIS N o. 2 Convey LA&SLRR Co. water production facilities to UFRR Co. at the tax base. UFRR Co. to reconvey those facilities to LVL&W Co. at the Railroad per­centage of the purchase offer and LVL&W Co. to sell the combined water production and distribution fa­cilities to the Water District. Depreciated value of LVL&W Co. water distribution facilities as of Sept. 1, 1952 Railroad percentage of the purchase offer assigned to LA&SL water pro­duction facilities for sale by UPRR Co. to LVL&W Co. Total cost to LVL&W Co. Purchase offer Approximate capital gain to LVL&W Co. $ 766,975.61 1,283,6*4-9.66 $2,055,625.27 2 ,*4-70,097.10 $ *+1*4-, *4-71.83 Approximate capital gain to UPRR Co.: Sale price of water production facilities to LVL&W Co. $1,288,6*4-9.66 Depreciated value of the water production facilities as of Sept. 1, 1952 677.731.82 610,917.8V Total approximate capital gain $1,025,389.67 K 1953 G e n e r a l A u d i t o r 1s O f f i c e Omaha, N eb ra s k a - - , F e b r u a r y