๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Rate of return under re-capitalisation: A note

โœ Scribed by Mohamed Ariff; Lim Kian Guan


Publisher
Springer
Year
1988
Tongue
English
Weight
372 KB
Volume
6
Category
Article
ISSN
0217-4561

No coin nor oath required. For personal study only.


๐Ÿ“œ SIMILAR VOLUMES


An expository note on depreciation and p
โœ Richard Schmalensee ๐Ÿ“‚ Article ๐Ÿ“… 1989 ๐Ÿ› Springer US ๐ŸŒ English โš– 322 KB

This note provides a simple, general proof that if a regulated firm is allowed to earn its actual (nominal) one-period cost of capital on the depreciated original cost of its investments, and if actual earnings equal allowed earnings, then the net present value of all investments is zero for any met