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4 annual depreciation e xpense• Such depreciation deduction is either In addition, these fixed capital accounts have been lessened fear Amortisation of Defense Plant Properties and for Donations in Aid of Construction# Since the magnitude of these latter items is coopera­tively large, the disposition of these is fairly Important and tone special discussion is believed warranted. Amortisation of .defense Plant facilitiest On the Islsnce Sheet as of 12/31/49 this item, under Account 175» stood at 1160,4^2.97. Hietoricarin.31 this capital was amortised and the following sots forth the amounts, along with net earnings and other pertinent informa­tion, as follows: It thus appears that Defease Capital amortised through charges to ©poratiag expenses during the four years 1942-1945 inclusive, was dona at ths sola axpansa of tha stockholders. The problem to decide Is - Row shall this $160,4#3 be treated In computing the present and prospective earnings of tha Water Company. {1} Limited to normal and sur-taxea estimates. that sat up on the books or as computed ss the reserve requirement. get After Amortisation Amortisation Expense Wet before Amortisation and income Taxes i2Tm rnm mm wr#m '1'Leas 1st. Income Taxes Wet before Amortisation Wet to Weld 6^5 on Investment 12,400 17,700 19,200 25,000