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I agree.Value of water production facilities of the railroad and the water company minus depreciation as of December 31, 1950.
hln001290. Union Pacific Railroad Collection, 1828-1995. MS-00397. Special Collections and Archives, University Libraries, University of Nevada, Las Vegas. Las Vegas, Nevada. http://n2t.net/ark:/62930/d17s7ms7r
English
(COPY) WATER FACILITIES AT LAS VEGAS, NEVADA ^ Reproduction Costs as of December 31, 1950 Reproduction Costs Item LA&SLRRCo. LVL&WCo. Total Cost of Reproduction New $ $ $ Base costs 1,472,279 1,527,164 2,999,443 Engineering - LA&SL 2% 29,446 15,272 44,718 LVL&W 1% General expenditures - 1&% 22,526 23,136 45,662 Interest during construction 76,212 58,709 134,921 LA&SL 5% LVL&W 3.75% _ _________ Total Reproduction Cost New $1,600,463 $1,624,281$3,224,744 Depreciation to 12-31-1950 374,349 289,447 663,796 LA&SL 23.39% LVL&W 17.82% _____ Total Reproduction Cost less depreciation $1,226,114 $1,334,834$2,560,948 LA&SL facilities serving various industries _11,584 -__11,584 Grand Total $1,237,698 $1,334,834$2,572,532 NOTES: Depreciation has been estimated on the basis of the service lives approved by the Interstate Commerce Commission for use in computing depreciation accruals in the accounts of LA&SLRRCo. Also used in estimating reproduction cost less depreciation for the railroad properties. Interest during construction has been estimated at the rate of 5% for one-half the construction period plus 3 months. LA&SL Construction period 18 months, Interest period 12 months LVL&W " " 12 " " " 9 " May 9, 1951