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upr000099-043
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    University of Nevada, Las Vegas. Libraries

    SUBJECT: Sale of Water Facilities at Las Vegas, Nevada WM LAS VEGAS LAND AND WATER COMPANY r, Qmaha - April 3 Mr. E. E. Bennett - Los Angeles, California: (CC - Mr. Wm. Reinhardt, Los Angeles, C Mr. L. R. Haag, Las Vegas, Nevada) MV. 3 1954 B23 1-8- This refers to Mr. L. R. Maag’s letter March 17» 195*1-, file W-26, copy of which was furnished you, regarding question as to how salvage value of pumping facilities re— _ moved from Wells 8 and 10 under L.V.L.& W.Co. Work Order 751 should be treated in sale to the Water District* trict, we are adding the net charged to Investment Account for all additions and betterments, whioh includes the credit for the cost at current prices of the property retired on a better­ment basis provided for by Work Order 750, the labor being charged to Operating Expenses. Water District is receiving credit under provision of section 10 (b) of the sale contract on retirement projects and credit under betterment projects as stated above. Under section 9 of sale contract to the Water Dis It seems to us therefore, that any salvage material It will be appreciated if you will furnish us with your views in the matter* ' For the Auditor