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4. Depreciation, Intangible Values, and the Future Rate Base

© 2016 University of Pennsylvania Press, 3905 Spruce Street Philadelphia, Pennsylvania 19104-4112

© 2016 University of Pennsylvania Press, 3905 Spruce Street Philadelphia, Pennsylvania 19104-4112

Chapters in this book

  1. Frontmatter I
  2. Foreword VII
  3. Preface XIII
  4. Contents XVII
  5. 1. Introduction 1
  6. Part I. The Basis of Return
  7. 2. Fair Value for Rate-Making Purposes 12
  8. 3. Original Cost and Cost of Reproduction 28
  9. 4. Depreciation, Intangible Values, and the Future Rate Base 46
  10. Part II. The Rate of Return
  11. 5. Economic Analysis of Fair Return 61
  12. 6. Criteria of a Fair Rate of Return 81
  13. 7. The Statutory Rate of Return for Steam Railroads 101
  14. Part III. Related Problems
  15. 8. Recapture of Excess Income 119
  16. 9. Equalization of Railroad Earnings 143
  17. 10. Railroad Financial Return since 1920 165
  18. 11. Summary and Conclusions 188
  19. Appendix A: Excerpts from the O’ Fallon Decision 197
  20. Appendix B: Selected statistics: railway property investment, net railway operating income and accrued depreciation 207
  21. Appendix C: List of carriers which made payments of one-half of their excess income as tentatively reported for the recapture periods 1920-1928, showing the amount paid by each carrier up to October 31, 1929 210
  22. Bibliography 213
  23. Index 224
Railroad Valuation and Fair Return
This chapter is in the book Railroad Valuation and Fair Return
https://doi.org/10.9783/9781512809237-006

Chapters in this book

  1. Frontmatter I
  2. Foreword VII
  3. Preface XIII
  4. Contents XVII
  5. 1. Introduction 1
  6. Part I. The Basis of Return
  7. 2. Fair Value for Rate-Making Purposes 12
  8. 3. Original Cost and Cost of Reproduction 28
  9. 4. Depreciation, Intangible Values, and the Future Rate Base 46
  10. Part II. The Rate of Return
  11. 5. Economic Analysis of Fair Return 61
  12. 6. Criteria of a Fair Rate of Return 81
  13. 7. The Statutory Rate of Return for Steam Railroads 101
  14. Part III. Related Problems
  15. 8. Recapture of Excess Income 119
  16. 9. Equalization of Railroad Earnings 143
  17. 10. Railroad Financial Return since 1920 165
  18. 11. Summary and Conclusions 188
  19. Appendix A: Excerpts from the O’ Fallon Decision 197
  20. Appendix B: Selected statistics: railway property investment, net railway operating income and accrued depreciation 207
  21. Appendix C: List of carriers which made payments of one-half of their excess income as tentatively reported for the recapture periods 1920-1928, showing the amount paid by each carrier up to October 31, 1929 210
  22. Bibliography 213
  23. Index 224
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