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" Before coming to the question of profit at all the company is entitled to earn a sufficient sum annually to provide not only for current repairs but for making good the depreciation and replacing the parts of the property when the}- come to the end of... "
Public Documents of the State of North Dakota: Being the Annual and Biennial ... - Page 978
by North Dakota - 1924
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Public Utilities Reports, Volume 3

Henry Clifford Spurr, Ellsworth Nichols - 1916 - 1268 pages
...value of the surviving parts. The court refused to approve this method, and we think properly refused. A water plant, with all its additions, begins to depreciate in value from the moment of its use." (212 US 1, 53 L. ed. 371, 29 Sup. Ct. Eep. 148.) The court in the Knoxville Case discussed depreciation...
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Public Utilities Reports

Henry Clifford Spurr, Ellsworth Nichols - 1917 - 1244 pages
...Sup. Ct. Rep. 149, the United States Supreme Court, considering the question of depreciation, said : "A water plant, with all its additions, begins to...company is entitled to earn a sufficient sum annually PUB1917F. to provide not only for current repairs, but for making good the depreciation and replacing...
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Public Utilities Reports, Volume 2

Henry Clifford Spurr, Ellsworth Nichols - 1917 - 1354 pages
...clear that some substantial allowance for depreciation ought to have been made in this case. . . . Before coming to the question of profit at all, the...provide not only for current repairs, but for making when they come to the end of their life. The company is not bound to see its property gradually waste,...
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Public Utility Rates: A Discussion of the Principles and Practice Underlying ...

Harry Barker - 1917 - 414 pages
...value of the surviving parts. The court refused to approve this method and we think properly refused. A water plant with all its additions begins to depreciate...moment of its use. Before coming to the question of profits, the company is entitled to earn a sufficient sum annually to provide not only for current...
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Accounting Theory and Practice: A Text-book for Colleges and ..., Volume 2

Roy Bernard Kester - 1918 - 832 pages
...the court which has been supported and reaffirmed in all subsequent decisions, reads, in excerpts: "A water plant with all its additions begins to depreciate...moment of its use. Before coming to the question of profits at all the company is entitled to earn a sufficient sum annually to provide not only for current...
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Commission Leaflets: Recent Commission Orders, Rulings and ..., Issues 67-72

American Telephone and Telegraph Company. Bureau of Commission Research. Legal Dept - 1918 - 1690 pages
...United States in discussing the question of making an allowance to take care of depreciation, said: "A water plant, with all its additions, begins to...value from the moment of its use. Before coming to tiic question of profit at all; the company is entitled to earn a sufficient sum annually to provide...
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Reports of Decisions of the Public Service Commission, First ..., Volume 8

New York (State). Public Service Commission. First District - 1918 - 614 pages
...DECISIONS ON DEPRECIATION United States Supreme Court (Knoxville vs. Knoxville Water Co., 212 US 10) "A water plant, with all its additions, begins to depreciate in value from the moment of jts use. Before coming to the question of profit at all the company is entitled to earn a sufficient...
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Public Utilities Reports, Volume 4

Henry Clifford Spurr, Ellsworth Nichols - 1919 - 1256 pages
...Knoxville v. Knoxville Water Co. 212 US 13, 53 L. ed. 380, 29 Sup. Ct. Rep. 148, wherein it is said: "Before coming to the question of profit at all the...depreciation and replacing the parts of the property Avhen they come to the end of their life. The company is not hound to see its property gradually waste...
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Cyclopedia of the Law of Private Corporations, Volume 7

William Meade Fletcher - 1919 - 1316 pages
...Pioneer Telephone & Telegraph Co. v. Westcnhaver, 29 Okla. 429, 38 LEA (XS) 1209, 118 Pac. 354. 67 " A water plant, with all its additions, begins to depreciate...its use. Before coming to the question of profit at nil the company is entitled to earn a sufficient sum annually to provide not only for current repairs,...
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Annals of the American Academy of Political and Social Science, Volumes 85-86

1919 - 626 pages
...care of. The Knoxville Case1 which has been broadly cited as the leading case in this matter, holds : Before coming to the question of profit at all, the...a sufficient sum annually to provide, not only for the current repairs, but for making good the depreciation and replacing the parts of the property when...
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