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Estimated income tax resu lts as ef September 1* 1952 i f the offer of ' the U s Vegas Valle; Water D istrict dated August 25* 1952 is accepted, . to cover the purchase of the eater production and distribution fa c ili- ^ tie s ef the 1AASXM Co. and LVLAW C o ., respectively, at U s Vegas, Kev. LA&SLRR Co. Water Preduetion LVLif Co. Water Distribution --F---a-c ilities 1 Estimated cost basis for the pro* pert; as of August 31, 1952 2 Amount charged to ths investment as* count tor 5 0 ? meres of water-bearing lands as of August 31, 1952 3 Total (1 plus 2) 4 Amount ef depreciation and amortisa­tion on the water facilities (ex* eluding la md)as ef A ugust 3 1 , 1952 5 Estimated depreciated value ef the water facilities ae of September 1, I 1952 (3 »inus 4) #840,093.27 #1,021,194.64 #1,861,287*91 i h m a i 14,107.11 #854,200.40 #1,021,194.64 #1,875,395*04 292,264.25 6. Total amount of the offer #2,500,000 (a) Book value ef LVLAW Co. material and supplies as of Sept. 1,1952, included in the total offer , 29,902 (b) Amount of the offer applying to the water facilities (6 minus 6(a)) 7. Excess of that portion ef the offer applying to the water facilities ever the depreciated value thereof at Sept*l,1952(6(b ) minus 5) 8 Capital Cains Tax (26$ x 7) #561,936.15 .00 #766,975*61 . .. ? 1,328,911.76 #2,470,097*10 #1,141,185*34 # 296,708*19 Jl/ This figure ie preliminary and is subject to adjustment in ease the Marsh 1, 1913 value of the properties is greater than eoet. It is also subject to further adjustment as the cost ef subsequent im­provements is addtd to the amounts shown in item 1 end the amount of subsequent depreciation is added to ths amount shewn in item 4. Central Auditor *e o ffice , Omaha, Jtebr., Oct. 21, 1952