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The Commission found in 1931 from exhibits and annual reports of tho Las Vegas Land and Water Company a value of $62,1*03*63 for the physical property owned solely by the Las Vegas Land and Water Company based on a value of $81,928*00 depreciated since 1911 by $19,521**1*2. Since 1931 the Las Vegas Land and Water Company’s distribution facilities have been extended or enlarged to the following extent: Value January 1, 1931 (undepreciated) $81,928.00 (L.V.L.&W. Co. balance sheet 12/31/31 lists assets Las Vegas Water System and liabilities 81*,190.21* accrued depreciation pipe lines Las Vegas,'. Nevada 20,736.18) N1o9 32c harnegpeo rti nsdhiocwasted in plant 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 1931* report shows fixed capital end of year balance in reserve end of year 1930 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 fixed capital end of year balance in reserve end of year 1938 report shows fixed capital end of year 19b3a9l arnecpeo rti n shroewsserve end of year r fixed capital end of year balance in reserve end of year 19l*0 report shows fixed capital end of year balance in reserve end of year 81*, 31*2.00 21,99l*.37 2830,,20081*1*.19*19 91*, 718 .00 21*,069.1*2 90,1*1*3.60 20,922.03 90,1*1*3.60 27,300.39 91,161.32 28,6800*8 3903,,088372..2876 90,610.06 31,031.1*1* 101*,099.91 33,01*6.28