Government Telephones the Experience of Manitoba Canada
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14.
28 The charge -was equivalent to 4. 91% of the book value of such plant as was taken into consideration in determining the charge.
29 It will be recalled that the cost of intangibles and the amount of the maintenance expenses charged to capital was determined by a subsequent appraisal of the plant made in 1915. Cf. P. 54, supra.
30 Although the Public Utilities Commissioner approved the amount of the depreciation charge, yet he was not in a position to express an opinion as to its adequacy.... Even assuming that he had an independent staff of telephone engineers to advise him, which he had not, there could be no indication of the adequacy of any depre- ciation charge so long as such a charge was based, not upon the plant cost, but upon the book value of the plant, since the book value of the plant included the cost of intangibles and the main- tenance expenses improperly charged to capital during the first REORGANIZED 129 reserve against depreciation is provided, the accounts reveal the following result: Gross Revenue : $1, 707, 150 Expenses : Operation $598, 637 Maintenance 297, 842 Depreciation 465, 538* Total Expenses ....
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To quickly assess the difficulty of the text, read a short excerpt:
14.
28 The charge -was equivalent to 4. 91% of the book value of such plant as was taken into consideration in determining the charge.
29 It will be recalled that the cost of intangibles and the amount of the maintenance expenses charged to capital was determined by a subsequent appraisal of the plant made in 1915. Cf. P. 54, supra.
30 Although the Public Utilities Commissioner approved the amount of the depreciation charge, yet he was not in a position to express an opinion as to its adequacy.... Even assuming that he had an independent staff of telephone engineers to advise him, which he had not, there could be no indication of the adequacy of any depre- ciation charge so long as such a charge was based, not upon the plant cost, but upon the book value of the plant, since the book value of the plant included the cost of intangibles and the main- tenance expenses improperly charged to capital during the first REORGANIZED 129 reserve against depreciation is provided, the accounts reveal the following result: Gross Revenue : $1, 707, 150 Expenses : Operation $598, 637 Maintenance 297, 842 Depreciation 465, 538* Total Expenses ....
What to read after Government Telephones the Experience of Manitoba Canada?
You can find similar books in the "Read Also" column, or choose other free books by Mavor, James, 1854-1925 to read onlineMoreLess
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