Show agnet for Income Tax Dodgers to B Be Spread by Revenue Dept REPORT IS FIlLED FILED WITH WATH 1 UTILITIES COMMISSION PURPOSE I IS TO DETERMINE P NI C COSTS I 4 Volumes Show Inventory and Estimates of Fair Fair Value Under Conditions of Construction Period OTAL cost of all new prop 1 T TOTAL erty of the Utah Light and Traction company is accordi according g to the report on Oil the valuation of its property filed with the Public utilities t commissIon by b the traction company compan The cost of new property in railway use Is listed at total I single track mileage exclusive ol 01 tracks In car barns and shops n aL miles and and the tle cost of property per mIle of single exclusive of track in car barns and shops at The cost of reproduction June 30 1918 w would ud total the report sta states tes The purpose of the report which is In four volumes Is' Is to determine by means of a detailed inventory an anI and I the fair cost under new s prevailing during construction construction con con- I period and prior to April 6 1917 designated as Normal Cost New as It stood June 30 10 1918 of the street and interurban railway system of the Utah LIght and Traction Traction Trac- Trac tion company in and In the vIcinity of Salt Lake Lae the report states SERVICE VALUE From the total cost new so determined deter deter- mIned It purposes to arrive at the service value of the property or property in use and useful and value of property which though not In use now Is h hid ld wisely agaInst the near future The report purposes to show what f further amount should accrue to property value as so determined by wa way of necessary working capital I for the normal conduct of the comI corn com pany's electric railway business and I to show by means of general supporting support support- ling ing data what would be the probable I cost of reproducing this entire property prop prop- erty new at prices obtaIning June 30 1918 and what would be the correspondIng corresponding corre- corre I service value The valuation aua tion follows SCHEDULES I Cost new at Prices pre pre- Normal June ailing lue cost new 30 10 1918 I Franchises AdminIstration S a a d 1 e g a 1 I cost luring during construction 55 57 Interest during lur- lur lurIng I Ing con con- 46 I Taxes during I Continued on pa page e 8 PURPOSE IS Continued from page o a L 1 Cost oC formIng form form- lug Ing construction construction con con- or- or Fire rc Ins insurance u r I ance during construction m I n nary ary cost ost cost ot of pro m ollon I I 1 r ring i ng money Development cost l I I Total general I and miscellaneous lan laneous ous I Total way and andI structures Total equipment equipment equip equip- I ment Total power I Total Working capital capItal cap cap- I Ital I Total cost ost of I all property I D Deductions for CI property not I in n useI use I I or useful I i i Total Tola 1 cost 01 of in I I |