[16] In “Value for Rate-Making.”
[17] Material in parentheses is the author’s.
[18] In “Modern Accounting.”
[19] In “Depreciation and Wasting Assets.”
[20] In “Modern Accounting.”
[21] Chart adapted from “Regulation, Valuation and Depreciation,” by S. S. Wyer.
[22] Leonard Metcalf paper on “Water-works Valuation and Fair Rates” before the American Society of Civil Engineers, Vol. LXIV, 1909, page 16.
[23] In “Depreciation and Wasting Assets.”
[24] Spring Valley Water Co. v. San Francisco, 165 Fed. Rep. 703.