Carrier Property Consumed in Operation and the Regulation of Profits: A Discussion of the I.C.C. Report on Depreciation

George O. May

The Quarterly Journal of Economics, 1929, vol. 43, issue 2, 193-220

Abstract: I. Introduction, 193. — II. The questions considered, 196. — The rate base: present value v. prudent investment, 197. — The investor's viewpoint. What is security? 200. — III. The basis for consumption charges, 203. — IV. The case for a general depreciation scheme, 208. — Past depreciation, 211. — V. Depreciation schemes. Defects of the straight-line method, 215. — VI. Only compelling need could justify, 217. — VII. Conclusions; alternatives, 218.

Date: 1929
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