Depreciation Expense. Depreciation expense has the same meaning as is normally applied by the Government Accounting Standards Board. All depreciation is to be determined using the Straight-Line method based on the initial term of the Facility's life. Determination of salvage value, if any, is at the discretion of the Facility Owner.
Depreciation Expense. Notwithstanding Section 6.1.1 and 6.1.2 above, after the allocations as provided in Section 6.1.1 and 6.1.2, each Member shall be allocated Company depreciation up the amount of such Member’s remaining positive Capital Account and thereafter Company depreciation shall be allocated pro-rata among the Members’ Percentage Interest as provided in Exhibit B.
Depreciation Expense. The Staff included in its cost of service calculation depreciation expense of $5,198 for the water system and $2,650 for the sewer system. These annualized levels of depreciation expense are based on the original cost of depreciable plant and the depreciation rates that were provided by Xxx Xxxx, of the Commission Staff’s Engineering and Management Services Department.
Depreciation Expense. 4.1 A depreciation expense for each Fee Year will be based on the average gross property, plant and equipment in service associated with the G&P Facilities during such Fee Year.
Depreciation Expense. 4.1 A depreciation expense for each Fee Year will be based on the average gross property, plant and equipment in service associated with the Liquids Pipeline during such Fee Year.
Depreciation Expense. All annual depreciation expenses reported for the previous 12-month financial reporting period matched only to the capital assets included in the Rate Base.
Depreciation Expense. As discussed in Note 2, we recorded a step-up in value of $1.7 million related to Xxxxx’s net property. Approximately $0.1 million is related to step-up in non-depreciable land assets. The remaining $1.6 million in depreciable assets have an average economic life of 7 to 39 years. The estimated depreciation expense for the step-up in value of these acquired assets is approximately $0.1 million and $0.2 million using straight-line depreciation, and has been included in our cost of goods sold within the Unaudited Pro Forma Combined Condensed Statements of Income for the nine months ended June 30, 2011, and the fiscal year ended September 30, 2010.
Depreciation Expense. Should Empire continue to recover depreciation expense for the retired Riverton 7 and Xxxxxx 2? The Signatories agree that depreciation of these units will be discontinued. The Signatories further agree that there will be no changes to depreciation rates in this case.
Depreciation Expense. The Borrowers' annual expenses for depreciation, determined on a consolidated basis in accordance with generally accepted accounting principles. Derivative Contracts. See part (ix) of the definition of Indebtedness.
Depreciation Expense. The annual depreciation expense shall be a percentage of the depreciable portion of the investment in the AC Facilities determined in accordance with Item 1 (including estimated cost of removal less any salvage which salvage value, for the purpose of calculating such depreciation will not exceed the amount of cost of removal). The percentage shall be established on a straight line basis over the same period which NEP depreciates its other facilities which are similar to the AC Facilities. ATTACHMENT E
