Engineering Valuation of Public Utilities and Factories (Paperback)


This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1912 Excerpt: ...to amortize the investment on this account, but all development expenses should be amortized at a rate which, while extinguishing them before the expiration of the life of the bonds, will not seriously interfere with the returns on the property. When bonds have been issued for development expenses, the rate of amortization will naturally be one which will cancel the bonds at their maturity. Where development has been carried on by cash capital or from earnings, a rate of amortization which will cancel the cost at any convenient time that may be set for the future will do. Development expenses are best amortized by using the surplus earnings over and above a fair rate of income on all the capital (cash) invested, and are fully described in the chapter on values, page 6. When factories are built upon leased ground, they are usually subject to a renewal of the lease for a specified term, or are turned over to the owner of the land at the expiration of the lease. In such a case it is, of course, necessary to charge a rate of depreciation that will return the entire cost of the building in order to recoup the owners for the capital invested. "If a sinking fund be added, the item of interest upon invested capital included above would be omitted, of course, after the amortization of the debt of construction by the sinking fund. If the annual contribution to the sinking fund be large, the construction debt will be quickly paid, but the present burden will be heavy upon the consumer; if it is small, the period will be lengthened and the burden decreased. Views differ upon this question, which is, after all, one of sound public policy. The occasional needs or burdens growing out of war, fire, earthquake, flood, or other disaster, which have befallen cities from ...

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Product Description

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1912 Excerpt: ...to amortize the investment on this account, but all development expenses should be amortized at a rate which, while extinguishing them before the expiration of the life of the bonds, will not seriously interfere with the returns on the property. When bonds have been issued for development expenses, the rate of amortization will naturally be one which will cancel the bonds at their maturity. Where development has been carried on by cash capital or from earnings, a rate of amortization which will cancel the cost at any convenient time that may be set for the future will do. Development expenses are best amortized by using the surplus earnings over and above a fair rate of income on all the capital (cash) invested, and are fully described in the chapter on values, page 6. When factories are built upon leased ground, they are usually subject to a renewal of the lease for a specified term, or are turned over to the owner of the land at the expiration of the lease. In such a case it is, of course, necessary to charge a rate of depreciation that will return the entire cost of the building in order to recoup the owners for the capital invested. "If a sinking fund be added, the item of interest upon invested capital included above would be omitted, of course, after the amortization of the debt of construction by the sinking fund. If the annual contribution to the sinking fund be large, the construction debt will be quickly paid, but the present burden will be heavy upon the consumer; if it is small, the period will be lengthened and the burden decreased. Views differ upon this question, which is, after all, one of sound public policy. The occasional needs or burdens growing out of war, fire, earthquake, flood, or other disaster, which have befallen cities from ...

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Product Details

General

Imprint

Rarebooksclub.com

Country of origin

United States

Release date

May 2012

Availability

Supplier out of stock. If you add this item to your wish list we will let you know when it becomes available.

First published

2010

Authors

Dimensions

246 x 189 x 7mm (L x W x T)

Format

Paperback - Trade

Pages

136

ISBN-13

978-1-152-64990-3

Barcode

9781152649903

Categories

LSN

1-152-64990-6



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