Topic:"Depreciation Amortization" in M13050

Utility, Plant and Equipment The utility, plant and equipment is carried at cost and depreciation is provided on the straight-line basis at rates specified by the NSURB. Utility, plant and equipment are written down when conditions indicat...

AI summary The document outlines the accounting treatment for utility, plant, and equipment, including depreciation methods, write-downs, and capital fund management. The NSURB sets depreciation rates and approves funds for future extensions or repairs. Debt charges related to loans are accounted for in the Operating Fund.

The following table reconciles required depreciation fund cash: 2025 2024 Required depreciation fund cash, beginning of year Add: interest income on depreciation fund Add: depreciation expense $ (459,924) $ 4,150 69,337 (11,164) 4,724 66,5...

AI summary The text provides a reconciliation of required depreciation fund cash for 2025 and 2024, including interest income, depreciation expenses, and capital expenditures. It also outlines capital asset expenditures for both years.

Town of Mahone Bay Electric Utility Schedule 1 - Schedule of Utility, Plant and Equipment For the year ended March 31 2025 2024 Intangible plant Organization Miscellaneous - intangible plant Working capital $ 500 10,540 2,750 $ 500 10,540...

AI summary The document presents the Town of Mahone Bay Electric Utility's Schedule 1, which outlines the utility, plant, and equipment for the years 2025 and 2024, including details on intangible and tangible plant assets, accumulated depreciation, rate base, and operating income. It provides a comparative view of the financial status of the utility over two years.

Utility, Plant and Equipment The utility, plant and equipment is carried at cost and depreciation is provided on the straight-line basis at rates specified by the NSURB. Utility, plant and equipment are written down when conditions indicat...

AI summary The utility, plant, and equipment are recorded at cost and depreciated using the straight-line method as determined by the NSURB. They are written down when they no longer contribute to service delivery or when their future economic benefits fall below net book value. Depreciation funds are set aside for future repairs or extensions, as approved by the NSURB.

The following table reconciles required depreciation fund cash: 2026 2025 Required depreciation fund cash, beginning of year Add: interest income on depreciation fund Add: depreciation expense Less: capital expenditures from depreciation f...

AI summary The text provides a reconciliation of required depreciation fund cash for 2026 and 2025, including interest income, depreciation expense, capital expenditures, and fund balances. It also details capital asset expenditures for the same periods, including proceeds from debentures, repayments, and transfers of assets.

Town of Mahone Bay Electric Utility Schedule 1 - Schedule of Utility, Plant and Equipment For the year ended March 31 2026 2025 Intangible plant Organization Miscellaneous - intangible plant Working capital $ 500 $ 500 10,540 10,540 2,750...

AI summary This document presents the Schedule of Utility, Plant and Equipment for the Town of Mahone Bay Electric Utility for the years 2025 and 2026, detailing tangible and intangible plant assets, accumulated depreciation, rate base, and operating income.

Request IR-33: - Regarding the response to IR-20: please confirm that the estimated 5.56% increase in rates resulting from the current project included the impact of the project related deprecation costs, debt servicing costs and increment...

AI summary The response to IR-20 is being requested to confirm whether the estimated 5.56% increase in rates includes depreciation, debt servicing, and incremental O&M costs. If not, the estimated impact with all costs included is 7.19%.

Request IR-33: - Regarding the response to IR-20: please confirm that the estimated 5.56% increase in rates resulting from the current project included the impact of the project related deprecation costs, debt servicing costs and increment...

AI summary The text requests confirmation of whether the estimated 5.56% rate increase includes depreciation, debt servicing, and incremental O&M costs from the current project, and if not, asks for the estimated impact of including these costs.