Decisions Volume 7

Decisions Volume 7

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 edition. Excerpt: ...being pumped. The question of the water conditions in and around Santa Monica and of the elements to be considered in estimating such value, if any, as should be assigned to the right to divert percolating water in this vicinity were considered in Application No. 1562, Irwin Heights Water Company, in which application the decision is this day being rendered. It would be surplusage to repeat here what was said in Application No. 1562 and reference to the same is hereby made. IV. Going Value. Mr. C. S. Burns first presented in this proceeding, as well as in Applications No. 1561 and No. 1562, an estimate of going concern value for each company, based on a consolidated operation of all three companies. It seems clear that such estimate can have but little value. City water company thereafter presented, through Mr. Burns, a separate computation based on City water company's operation alone, which computation was marked Exhibit No. 2 of City water company. In this computation a claim is made for $31,175.00 for going value, less an amount not specified, representing interest during construction. This claim is presented on the comparative plant method. Mr. Burns testified that the going value used by him is the difference between the value to a purchaser of the plant as it now stands and the cost of building a plant to serve the same territory and of building up the business. In this computation, Mr. Burns assumes a construction period of two years. Of the sum of $31,175.00, $7,865.00 represents estimated present worth of excess value of going plant during the assumed first year of construction and $8,346.00 represents such estimated present worth during the assumed second year of construction. Mr. Armstrong testified, and I believe properly, that by no...show more

Product details

  • Paperback | 394 pages
  • 189 x 246 x 21mm | 703g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236574516
  • 9781236574510