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man000170-004
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I agree.(Prepared by J.M.Montgomery Co.) ) July 12, 1951 APPRAISAL OF U.P. CO. WATER SYSTEM— LAS VEGAS (as of Dec* 31', 1950) UNION PACIFIC CO. J. M. MONTGOMERY & CO., INC., H. F. CLARK. Replacement D eprec. Present Replacement Value Cost Deprec. Present Value Replacement Deprec. 1 Cost Present Value Distr. Sys.$ 1,246,858 1 168,029 | 1,078,829 1 1,167,166 $ 206,258 | 960,908 | 1,177,720 | 218,929 1 958,791 Production 1,185,006 183,328 and Transm. 1,001,678 1,217,048 241,444 975,604 1,270,170 319,800 950,370 $ 2,431,864 $ 351,357 f 2,080,507 1 2,384,214 1 & $ 447,020 1,936,512 $ 2,447,890 $ 538,729 $1,909,161 ** Before Real Estate , Water Lands, etc., are added. RECAPITULATION (by HFC) Engineer Replacement Cost Accrued Depreciation Present Value Dec. 31| 1950. Union Pacific RR | 2,431,866 | 351,357 $ 2,080,507 Montgomery Co. 2,384,214 447,020 1,936,512 Clark for W.D. 2,447,890 538,729 1,909,161 HFC 7/31/51