Depreciation Under Changing Price Levels In Public Utility Regulation PDF Download

Excerpt from Depreciation of Public Utility Properties: And Its Relation to Fair Value and Changes in the Level of Prices The regulation of public utilities in the United States is a development of recent years and is still in the period of formation and establishment of rules of practice. The great war, with its unsettling of business conditions, and the violent price fluctuations which accompanied and followed the actual war period have introduced new complications into some of the problems which were being dealt with by Regulating Commissions and Courts just at a time when it appeared that definite conclusions were being reached. Valuation and Depreciation, and the accounting methods which deal with these subjects, have been greatly complicated by the price fluctuations of the period 1914 to 1921. New questions have been raised, new arguments have been introduced and it would appear that some conclusions are in danger of being reached which may have a far reaching effect upon utility properties through the weakening of the stability of valuations already established, and the ultimate wiping out of a large part of the actual investments necessarily made in extensions of property during the period of high prices. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.