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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 976
by North Dakota - 1924
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The American Economic Review, Volume 15

1925 - 874 pages
...decrepitude and deferred maintenance were considered. One sentence from the decision disproves this: "A water plant with all its additions begins to depreciate in value from the moment of its use." Decrepitude and deferred maintenance are not referred to in that sentence. The book is written in clear,...
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United States Supreme Court Reports, Volume 53; Volumes 211-214

United States. Supreme Court - 1926 - 1058 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...company is entitled to earn a sufficient sum annually 38« to provide not only for current repairs, but for making good the depreciation and replacing the...
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Profits, Dividends and the Law: Profits Available for Dividends from ...

Prosper Reiter - 1926 - 280 pages
...v. Knoxville Water Company,3* in which the following important language was used: A water plant, wkh all its additions, begins to depreciate in value from...at all the company is entitled to earn a sufficient *°San Diego Water Co. v. San Diego, (1897) "8 Cal. 556, 574. 31 Ibid., p. 582. It is interesting to...
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Appendix to Journals of Senate and Assembly ... of the ..., Volume 33, Part 2

Nevada. Legislature - 1927 - 1440 pages
...that, before coming to the question of profit at all. the company was entitled to earn a siillicient sum annually to provide not only for current repairs...good the depreciation and replacing the parts of the proiterty when they should come to the end of their life, the Court proceeded to say : "If, however,...
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Economic Problems: New and Old

Allyn Abbott Young - 1927 - 320 pages
...to know the reasoning on which this conclusion rested. This is given in another part of the opinion: A water plant, with all its additions, begins to depreciate...in value from the moment of its use. Before coming * 4 WRCR 560. 1 King v. Wisconsin Telephone Co., 10 WRCR 521. » KnoxviUe v. Knoxville Water Co., 212...
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Decisions, Volume 8

Pennsylvania Public Utility Commission - 1928 - 884 pages
...United States in Knoxville vs. Knoxville Water Company, 212 US 1, 14, has said : "A water plant with aIl its additions begins to depreciate in value from the moment of its use." The Commission finds that the accrued depreciation of respondent's property on March 31, 1926, was...
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Report of the Public Utilities Commission of Utah ... to the Governor, Volume 4

Utah. Public Utilities Commission - 1921 - 692 pages
...Court, in the Knoxville Water Company case, said: " A water plant * * * begins to depreciate * * * from the moment of its use. Before coming to the question...all, the Company is entitled to earn a sufficient sum amially to provide not only for current repairs, but for making good the depreciation and replacing...
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Annual Report

United States. Federal Power Commission - 1921 - 1116 pages
...depreciation ought to have been made in this case.' • * * " On pages 13 and 14 the following occurs: " 'A water plant, with all its additions, begins to depreciate in value from the moment of tit use. Before coming to the question of profit at all the company is entitled to earn a sufficient...
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Annual Report - Federal Power Commission

United States. Federal Power Commission - 1922 - 336 pages
...depreciation ought to have been made in this case.' * * * " On pages 13 and 14 the following occurs: " 'A water plant, with all its additions, begins to...for making good the depreciation and replacing the farts of the property when they come to the end of their life. The company is not bound to see its...
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United States Supreme Court Reports, Volume 53; Volumes 211-214

United States. Supreme Court - 1909 - 1314 pages
...KNOXVII.LE v. KNOXVILLE WATEB Co. lays down a different rule as to depreciation, the court saying: "Before coming to the question of profit at all, the...provide not only for current repairs, but for making jrood the depreciation and replacing the parts of the property when they come to the end of their life."...
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