BIGGS APPRAISAL. Value Trends in The Rail Fleet Southeast Association of Rail Shippers March 27, 2013
|
|
- Darrell Hicks
- 7 years ago
- Views:
Transcription
1 BIGGS APPRAISAL Value Trends in The Rail Fleet Southeast Association of Rail Shippers March 27, 2013
2 Objectives of this Presentation Who is this Biggs Guy? Biggs Appraisal Your Expectations in an appraisal Freight Car Life Issues Current look at the market for various rail car types
3 Biggs Family in Railroad Industry Since the 1850 s
4 Ed Biggs Helped start the Kankakee Beaverville and Southern RR in 1977 a 26 mile shortline. He was the mechanical department and engineer. Various positions at Maryland and Delaware RR, Bay Colony RR and Seminole Gulf Ry. Directed operations at three rail equipment lessors, XTRA Inc, Chrysler Rail and Railcar Ltd. Senior Rail Equipment Appraiser for Norman Seip and Associates.
5 Biggs Appraisal Business focus: Inspection of freight cars, locomotives, maintenance of way equipment, passenger cars and railcar movers. Appraisal of value of rail equipment. Remarketing of Rail Equipment. Rail Equipment related consulting and research services.
6 The Uniform Standards of Appraisal Practices (USPAP) are the guide lines for all appraisers.
7 A Few General Points on Value You as a consumer should expect a clear understandable and credible appraisal of value of the subject equipment. I would like to give you a small refresher on how an appraiser values equipment. There are three recognized approaches to value, Market, Cost and Income. An appraiser is obligated to consider all three approaches to value.
8 Market Approach Market Approach: The market approach also called the Sales Comparison Approach, indicate value by analyzing recent sales (or offerings) of property that are similar (i.e. comparable) to the subject property. If the comparables are not exactly like the properties being appraised, the selling prices of the comparables are adjusted to equate them to the characteristics of the properties being appraised.
9 Cost Approach Using the cost approach the appraiser starts with the current replacement cost new of the property being appraised and then deducts for the loss of value caused by the physical deterioration, functional obsolescence, and economic obsolescence. The logic behind the cost approach is the principle of substitution: a prudent buyer will not pay more for a property than the cost of acquiring a substitute property of equivalent utility.
10 Income Approach The value of a property can be estimated by its expected future benefits to its owner. Note: The income approach is not widely used by Machinery and Equipment appraisers: the reasons given include the difficulty in determining income that can be directly related to a specific asset, the concerns of income forecasts and the multitude of variables involved in this valuation approach.
11 Fair Market Value Fair Market Value is the cash price obtainable, in an arm s length sale transaction between an informed, ready and willing purchaser (other than a used equipment dealer or scrap dealer) under no compulsion to purchase; and an informed, ready and willing seller, being under no compulsion to sell.
12 Orderly Liquidation Value Orderly Liquidation Value is the estimated gross amount, expressed in terms of cash that could be typically realized from a liquidation sale given a reasonable period of time to find a purchaser (or purchasers), with seller being compelled to sell on an as-is, where is basis, as of a specific date.
13 Normal Useful Life Most financial transactions centered on General Service freight cars are based upon a Normal Useful Life of between 28 and 36 years depending on the service the cars are used in. Certain cars might have a much shorter Normal Useful Life as in the case of Eastern Style steel hoppers. These cars generally require a rebody between years.
14 Having a Second Life. It is quite possible that Freight cars can now have an almost equal number of years of Interchange Service or a Second Life up to 65 years.
15 Extended Life Status Cars built after June 30, 1974 have a 50 year life. Cars built between July 1, 1968 and June 30, 1974 can attain 50 year life by meeting extended life rules. Railcar owners found that many active cars in their fleet had already had the big ticket upgrades made and it was very cost effective to extend the life of active cars. Most Life extensions occur just before cars reach their 40 year birthday.
16 A very important provision of the ILS rule The 65 year rule only covers the car body and not the running gear. That is where Rule 90 of the Field manual comes in Cars and or car parts Prohibited in Interchange. The big ticket items that cannot exceed 50 years are the truck bolsters and side frames.
17 If you re taking the long view on your cars life you will want to replace the bolsters and side frames with either new or reconditioned side frames that are at least 15 years newer than your car.
18 Where are we Today on Rail Car Values If you look at the AAR Supplied cars in Storage numbers of 20.4% or 311,739 cars stored as of March 1, You might think that there are plenty of free and available cars. That is just not the case. The majority of cars stored are either owned by a user or leased and not available. Available cars in the market in many cases require considerable, repair, modification of upgrades to be suitable for service. Quality cars of most types are scarce.
19 Values of Freight Cars Current value is tied to demand for commodities the cars carry. Move on the railroad is to higher capacity 286,000 Pound Gross Rail Load Cars with freight rates a tipping point. While I believe the values presented are representative of what may be realized they cannot be guaranteed.
20 Commodity Trends 2013 vs 2012 Based on the First 10 Weeks of 2013 with Average weekly carloads Chemicals down 3.3%, 29,675 Coal down 2.6%, 110,053 Farm and Food Products up 1.1%, 16,694 Forest Products down 3%, 10,954 Grain down 16.5%, 18,011 Metallic Ores and Metals down 8.4%, 23,393 Motor Vehicles and Parts up 6.2%, 15,431 Petroleum up 46.5%, 13,300 Source Association of American Railroads
21 Grain Type Covered Hoppers 4750 CF late 1970 s to early 1980 s range $17,000 to $22,000 cars in very good condition could be higher CF Mid 1990 s range $35,000 to $40,000. Soft Exports of Grain and Drought related lower crop production have masked a potential shortage of cars
22 Plastic Pellet C214 Covered Hoppers Mid 1970 s to Early 1980 s CF Range from $19,000 to $23,000 with values trending up as supply is tight. Mid 1990 s CF $32,000 to $40,000. Assumes cars in good condition with a lining that is in good condition suitable for loading.
23 Open Top Hoppers H350 Type Mid 1970 s to Early 1980 s 3200 to 3800 CF Range from $15,000 to $20,000 Mid 1990 s 3200 to 3800 CF $28,000 to $34,000. This car type is referred to as an Eastern Coal Hopper. Steel body cars in Eastern coal show the effects of corrosion in thin side and slope sheets, thin door pans and cracks in chutes.
24 Mill Gondolas 1970 s to early 1980 s with 5 sides range $17,000 to $25,000 cars in very good condition could be higher. Mid 1990 s with 5 ½ to 6 range $35,000 to $40,000.
25 Tank Cars Demand for crude oil tank cars has pushed up pricing on all new tank cars. New tank car production is booked into mid Limited ability to produce other tank cars will cause pent up demand past Existing tank cars of all types have increased in value.
26 General Service Type T104 12,000 to 18,000 Gallon Capacity 1980 s Vintage $17,000 to $27,000 depending on gallon capacity. Larger cars in higher demand. Mid 1990 s 16,000 to 18,000 gallon capacity $38,000 to $45,000. Mid 2000 s 16,000 to 18,000 gallon capacity $59,000 to $67,000.
27 Buyer Beware Higher velocities on railroads mean that even late model cars can have high wheel and truck wear. Inspection of used rail cars prior to purchase is a good way to avoid problems. Cars that come into the market during periods of tight car supply may have issues that are costly to cure.
28 Biggs Appraisal Subjects of Value Spring 2013 Issue of Subjects of Value Newsletter. Articles geared to rail industry, equipment, value and subjects regarding topics that may impact value. If you find these Subjects of Value you should be on the mailing list. Newsletter
First Quarter 2016 Results
April 21, 2016 First Quarter 2016 Earnings Release Lance Fritz Chairman, President & CEO 1 First Quarter 2016 Results Earnings Per Share First Quarter $1.19 $1.30 Earnings Per Share Down 11% -11% $1.16
More informationClass I Railroad Statistics
Class I Railroad Statistics U.S. Class I Railroads U.S. Class I Railroads are line haul freight railroads with 2011 operating revenue of $433.2 million or more. Two Canadian railroads, CN and Canadian
More informationNorth American Freight Rail Industry. Transportation Research Board Washington, DC March 14, 2014
North American Freight Rail Industry Transportation Research Board Washington, DC March 14, 2014 Railroads Help Keep Coal- Based Electricity BNSF CN CP CSX FXE KCS/KCSM NS UP Other RRs Freight Railroads
More informationRAIL FREIGHT CAR LEASING MARKET STUDY EXECUTIVE SUMMARY
RAIL FREIGHT CAR LEASING MARKET STUDY EXECUTIVE SUMMARY 1.0 INTRODUCTION This study was undertaken to provide an overview of the U.S. railcar leasing business with the objective of helping to guide [investor]
More informationUnderstanding the Tank Railcar Lease/Finance Marketplace
Understanding the Tank Railcar Lease/Finance Marketplace Northeast Association of Rail Shippers David G. Nahass Senior Vice President October 1, 2014 RFC Background RFC is a financial advisory firm founded
More informationMAXIMIZING FLEET UTILIZATION: a critical strategy for today s crude shipping market
MAXIMIZING FLEET UTILIZATION: a critical strategy for today s crude shipping market The traditional method of transporting crude is via pipe, but crude by rail has boomed over the past several years and
More informationEconomic and Environmental Benefits
Economic and Environmental Benefits of Private Railcars in North America Prepared for the North America Freight Car Association Thomas M. Corsi Michelle Smith Professor of Logistics Co-Director of the
More informationWatco Companies. Sandhouse Gang - Northwestern University November 1, 2012
Watco Companies Sandhouse Gang - Northwestern University November 1, 2012 Agenda Watco Overview A New Shortline Model / Shortlines - Stefan Unique Set of Services Unique Partnerships Unique Structures
More informationGuide to buying a car
Where to start when buying a car? Before you get behind the wheel, it s worth taking time to research your options. From choosing between new and used cars to finding the right make and model, test driving,
More informationGuide Note 14 Concept of Exposure Time
Guide Note 14 Concept of Exposure Time Introduction An analysis and opinion of Exposure Time is required for appraisals where the definition of value is tied to a reasonable or stipulated exposure time.
More informationMissouri Soybean Economic Impact Report
Missouri Soybean Economic Report State Analysis March 2014 The following soybean economic impact values were estimated by Value Ag, LLC, as part of a Missouri Soybean Merchandising Council funded project.
More informationBUYING A USED CAR. Copyright Permission Data Wizard/Humboldt 2003, Scott Keele
BUYING A USED CAR VOCABULARY and DEFINITIONS Anti-lock brakes: Brakes that won t lock up, a computer in the car pumps the brakes on and off so the car will not skid. As Is: Buyer beware, the car is sold
More informationCompany Profile and Service Offerings
Company Profile and Service Offerings June 2008 1 PRINCIPALS Bradley N. Howell Chairman and Chief Executive Officer (713) 655-1860 Direct Line / bhowell@lodestarlogistics.com Formerly President, Howell
More informationBorrower Personal Information: (for each individual with 20% or greater ownership)
SBA 504 Lender Loan Reference Guide Required Business Information: ISCDC 504 Application- (Business Plan if available) Business Year-end Financials for 2 prior years (signed) Business Year-to-Date Financials
More informationCanadian Rail: Gearing Up in the West
Canadian Rail: Gearing Up in the West WCWGA 42 nd Annual Convention January 6, 2012 Moose Jaw, Saskatchewan Bruce R. Burrows V.P., Public and Corporate Affairs Outline 1. Who we are 2. How Railways Do
More informationMobile Technician Business Guide
Mobile Technician Business Guide u Windshield Repair u Headlight Restoration u Glass Scratch Removal u Water spot & Stain Removal Why start a glass repair mobile technician business? Are you looking for
More informationSALES AND USE TAX GUIDE FOR AUTOMOBILE AND TRUCK DEALERS
SALES AND USE TAX GUIDE FOR AUTOMOBILE AND TRUCK DEALERS 2016 EDITION (THROUGH THE 2015 SESSION OF THE GENERAL ASSEMBLY) SOUTH CAROLINA DEPARTMENT OF REVENUE OFFICE OF GENERAL COUNSEL/POLICY SECTION Nikki
More informationRailway Demand Forecasting and Service Planning Processes. Prepared for: Rail Freight Service Review
Railway Demand Forecasting and Service Planning Processes Prepared for: Rail Freight Service Review March 2010 Table of Contents 1. Purpose of the Project... 4 2. General Approach... 5 3. Demand Forecasting...
More informationPurchase Price Allocations for Solar Energy Systems for Financial Reporting Purposes
Purchase Price Allocations for Solar Energy Systems for Financial Reporting Purposes July 2015 505 9th Street NW Suite 800 Washington DC 20004 202.862.0556 www.seia.org Solar Energy Industries Association
More informationWARRANTY. Overview. Important Information You Should Know
Overview It s important that Sales Consultants explain all applicable warranties to his/her customers. A thorough explanation of all applicable warranty coverage at the time of sale helps provide the owner
More informationDRAFT. All NAICS. 3-Digit NAICS BP C 3 P 76 X 0 BP C 0 P 0 X 2 OC C 29 P 44 X 35 OC C 0 P 0 X 2 MH C 96 MH C 8 P 37 X 62 P 1107 X 587
All NAICS 3-Digit NAICS BP C 3 P 76 X 0 OC C 29 P 44 X 35 MH C 96 P 1107 X 587 BP C 0 P 0 X 2 OC C 0 P 0 X 2 MH C 8 P 37 X 62 ML C 66 P 958 X 772 ML C 4 P 34 X 69 A. Resource Uses. 11 Agriculture, Forestry,
More informationInteligencia-Economica-exportaciones-por-naics
PrimaryNaics Main_Export_Dest 42 - Wholesale Trades 60 546 - Management, Scientific, and Technical Consulting Services 3-33 - 32 549 - Other Professional, Scientific, and Technical Services 4224 - Grocery
More informationANSI EDI Document List
ANSI EDI Document List Communications and Controls 242 Data Status Tracking 259 d Error Reporting Immediate Response 815 Cryptographic Service Message 868 Electronic Form Structure 997 e,* Functional Acknowledgment
More information21 - MINING. 42 0.87% 221 Utilities 42 0.87% 6,152 0.68 23 - CONSTRUCTION
Total of State, Local Government and Private Sector 11 - AGRICULTURE, FORESTRY, FISHING & HUNTING 21 - MINING 4,824 71 1.47% 111 Crop Production 24 0.50% 2,754 0.87 112 Animal Production 35 0.73% 5,402
More informationEnhancing Railroad Hazardous Materials Transportation Safety Rail Routing
Enhancing Railroad Hazardous Materials Transportation Safety Rail Routing Kevin R. Blackwell Radioactive Materials Program Manager Hazardous Materials Division Federal Railroad Administration Presentation
More informationRailroad Service Measurement
June 17, 2004 Railroad Service Measurement Prepared for: The Sandhouse Gang Northwestern University Transportation Center C O N F I D E N T I A L The AAR invited Mercer to evaluate the current state of
More informationTJ Quick Disconnect Instructions
1 TJ Quick Disconnect Instructions www.teraflex.com Kit #17012 Kit #17092 Kit #17010 Kit #17090 Important Notes: Prior to beginning this or any installation read these instructions to familiarize yourself
More informationBusiness Finance: Will I Make a Profit?
By: Michael Brown Business Finance: Will I Make a Profit? FOCUS: Overview: Students analyze the financial information from two business plans to learn how revenues can be increased or costs decreased in
More informationA Canadian/U.S. Comparison of All Things Rail and Considerations for Financing and Other Transactions
A Canadian/U.S. Comparison of All Things Rail and Considerations for Financing and Other Transactions Jennifer Wasylyk Claire Murphy American Bar Association 2015 Annual Business Law Section Meeting Project
More informationManagement. SAVE$1 Million. WITH BETTERFleet. Financing/Leasing HERE ARE SOME TIPS ON HOW TO DO IT. B Y S COTT P ATTULLO
Financing/Leasing SAVE$1 Million WITH BETTERFleet Management HERE ARE SOME TIPS ON HOW TO DO IT. B Y S COTT P ATTULLO Many companies have large groups of employees, such as sales reps and field service
More informationVETERANS WORKING ON THE RAILROAD
VETERANS WORKING ON THE RAILROAD NORFOLK SOUTHERN IS: { A FORTUNE 300 Company { One of five Class 1 Railroads { Operating in 22 states { 20,000 route miles of track { 28,000 employees OUR VISION: be the
More informationIntroduction. Options. This JCB Finance Toolkit has been put together to give some handy
JCB Finance Toolkit Introduction Options This JCB Finance Toolkit has been put together to give some handy practical tips about how to keep your asset finance in peak performance, just like you would look
More informationStorage Tank Guidance for Real Estate Professionals
MARYLAND DEPARTMENT OF THE ENVIRONMENT Land Management Administration Oil Control Program 1800 Washington Boulevard Suite 620 Baltimore Maryland 21230-1719 410-537-3442 800-633-6101 x3442 www.mde.state.md.us
More informationChapter 12. Introduction to Value Determination
Chapter 12 Value Theory, Highest and Best Use Analysis, and the Cost Approach 11/17/2005 FIN4777 - Special Topics in Real Estate - Professor Rui Yao 1 Introduction to Value Determination Price is usually
More informationTax Year 2016 Railroad Car Company Annual Reporting Form
Tax Year 2016 Railroad Car Company Annual Reporting Form RCC-1 For Year Ending December 31, 2015 PO Box 7149 Helena, MT 59604-7149 Company Information Full Name of Company Company Description FEIN/SSN:
More informationIndustry Clusters in New York s Economy: A Statewide and Regional Analysis
Industry Clusters in New York s Economy: A Statewide and Regional Analysis October 2012 New York State Department of Labor Division of Research and Statistics Bureau of Labor Market Information Peter M.
More informationMoving Crude Oil Safely by Rail
Moving Crude Oil Safely by Rail Association of American Railroads July 2015 Summary U.S. crude oil production has risen sharply in recent years, with much of the increased output moving by rail. In 2008,
More informationBusiness-Facts: 3 Digit NAICS Summary 2015
Business-Facts: Digit Summary 5 5 Demographics Radius : 9 CHAPEL ST, NEW HAVEN, CT 65-8,. -.5 Miles, Agriculture, Forestry, Fishing and Hunting Crop Production Animal Production and Aquaculture Forestry
More informationOUR CONVERSATION TODAY
OUR CONVERSATION TODAY Our goal is to raise the level of awareness around the oil supply chain among key stakeholders in order to facilitate positive working relationships and more informed decision making.
More informationFinancing for Activity and Commercial Buses
Financing for Activity and Commercial Buses 01 Financing for Activity and Commercial Buses From shuttle bus to tour bus, and everything in between, Thomas Built Buses offers several bus options for the
More informationFinancing Capital Requirements
Of the independent growers, a typical one produces about four batches of I o thousand birds a year. His capital assets are about as follows: Land, buildings, and equipment, 30 thousand dollars; feed, 4,500
More informationBUSINESS TOOLS. Preparing Agricultural Financial Statements. How do financial statements prove useful?
Preparing Agricultural Financial Statements Thoroughly understanding your business financial performance is critical for success in today s increasingly competitive agricultural, forestry and fisheries
More informationUseful information for Loan Officers regarding Residential Appraisals
Useful information for Loan Officers regarding Residential Appraisals USPAP USPAP stands for Uniform Standards of Professional Appraisal Practice. USPAP establishes the standards and guidelines for real
More informationKia 7 Year Warranty. Terms and Exclusions
Kia 7 Year Warranty Terms and Exclusions At Kia, we don t just sell cars that look nice. We want our customers to enjoy them for years to come. We use the latest engineering and technical know-how to design
More informationFarm Financial Management
Farm Financial Management Your Farm Income Statement How much did your farm business earn last year? There are many ways to answer this question. A farm income statement (sometimes called a profit and
More informationReducing America s Dependence on Foreign Oil Supplies. Martin Feldstein *
Reducing America s Dependence on Foreign Oil Supplies Martin Feldstein * The United States now imports nearly 60 percent of the oil that we consume. This dependence on foreign supplies makes us vulnerable
More informationSIMPLIFYING LOGISTICS: THE BENEFITS OF RAIL IN A MULTIMODAL SHIPPING SYSTEM
SIMPLIFYING LOGISTICS: THE BENEFITS OF RAIL IN A MULTIMODAL SHIPPING SYSTEM A well-designed shipping plan has bottom-line implications for any business. Creating a sound logistics strategy supported by
More informationA PROTOTYPE INDUSTRY-LEVEL PRODUCTION ACCOUNT FOR THE UNITED STATES, 1947-2010
A PROTOTYPE INDUSTRY-LEVEL PRODUCTION ACCOUNT FOR THE UNITED STATES, 1947-2010 by Dale W. Jorgenson Harvard University http://economics.harvard.edu/faculty/jorgenson/ WIOD Conference: Causes and Consequences
More informationAS 10 : Accounting for Fixed Assets
AS 10 : Accounting for Fixed Assets IPCC Paper 1: Accounting Chapter 1 Unit 2 Fixed Assets - AS 10 Related ASI is 2 CA. Yagnesh Desai 1 Applicability This standards was introduced in 1985 It is applicable
More informationEmployment Change Due to Carbon Pricing, 2035 Policy Scenario Vs Baseline Industry Name North American Industrial Classification System # (NAICS)
Employment Change Due to Carbon Pricing, 2035 Policy Scenario Vs Baseline Industry Name North American Industrial Classification System # (NAICS) 2035 (Net Jobs) Construction - 23 4774 1.21% Scientific
More informationWells Fargo Equipment Finance. Juliana L. Lowe Vice President / Territory Manager 505 / 765-5269 May 12, 2016
Wells Fargo Equipment Finance Juliana L. Lowe Vice President / Territory Manager 505 / 765-5269 May 12, 2016 Industries and Equipment Sample List (HOWEVER not limited too) Industries and Equipment Core
More informationBOAT. TRANSPORTERS NMMA Transportation Task Force FOR. Recommended BEST PRACTICES. nmma.org GOVERNMENT RELATIONS
GOVERNMENT RELATIONS Recommended BEST PRACTICES FOR BOAT TRANSPORTERS NMMA Transportation Task Force nmma.org 200 E. Randolph Drive, Suite 5100, Chicago, Illinois 60601 6528, USA Phone 312.946.6200 Fax
More informationUDOT SPILL PREVENTION and RESPONSE PLAN for CONSTRUCTION SITES
UDOT SPILL PREVENTION and RESPONSE PLAN for CONSTRUCTION SITES February 2014 The plan contained in the following pages was developed in part from UDOT Construction Division s Safety and Health Manual,
More informationCOMBINED SHORT LINE RAILROAD LIABILITY INSURANCE & PROPERTY/INLAND MARINE INSURANCE APPLICATION
COMBINED SHORT LINE RAILROAD LIABILITY INSURANCE & PROPERTY/INLAND MARINE INSURANCE APPLICATION Note: This application is for claims made insurance coverage for Liability Insurance. Please type or print
More informationFLEET MANAGEMENT. Fleet Management s motto is If you make the time for us, We will make the time for you.
FLEET MANAGEMENT Department Mission/Purpose Statement We are dedicated to be a well managed, responsive and preferred provider of fleet services and to meet all fuel, mechanical repairs, towing and vehicle
More informationMaximizing Fleet Efficiencies with Predictive Analytics
PHH Arval - Trucks Maximizing Fleet Efficiencies with Predictive Analytics Neil Gaynor Manager of Business Development 29 December 2012 1 Maximizing Fleet Efficiencies with the use of Predictive Analytics
More informationMotor Vehicle. Transfer Guide
Minnesota Department of Public Safety Driver and Vehicle Services 445 Minnesota Street Saint Paul, Minnesota 55101 Motor Vehicle General Information for Dealers Transfer Guide November 2012 TABLE OF CONTENTS
More informationEquipment Leasing Purchasing Guide
Equipment Leasing Purchasing Guide Introduction to the Equipment Leasing Buying Process What s inside: Trends Terms Leasing Types Choosing a Dealer Equipment leasing has become an increasingly popular
More informationTitle 10: COMMERCE AND TRADE
Title 10: COMMERCE AND TRADE Chapter 217: USED CAR INFORMATION Table of Contents Part 3. REGULATION OF TRADE... Section 1471. DEFINITIONS... 3 Section 1472. EXCLUSIONS... 5 Section 1473. CONSTRUCTION...
More informationMerchandising and Inventory Management of Commodities: Carrying Charges and Basis
Merchandising and Inventory Management of Commodities: Carrying Charges and Basis Raleigh B. Wilson Several months ago when I was asked to prepare a program related to the cash activity of the grain industry,
More informationULTRA 865HD HIGH PERFORMANCE MULTI PURPOSE GREASE
ULTRA 865HD HIGH PERFORMANCE MULTI PURPOSE GREASE Contains penetrants, lubricants and greases All weather Water-resistant Penetrates like an oil, then cures to a thick, water-resistant grease Recommended
More informationEnergy Consumption. U.S. Energy Consumption by Sector, 2013. Energy Use. Who Uses Energy? Residential and Commercial Sectors
Energy Use Think about how you use energy every day. You wake up to an alarm clock. You take a shower with water warmed by a hot water heater. You listen to music on the radio as you dress. You catch the
More informationEnergy Consumption. Energy Use. U.S. Energy Consumption by Sector, 2009. Who Uses Energy? Residential and Commercial Sectors
Energy Use Think about how you use energy every day. You wake up to an alarm clock. You take a shower with water warmed by a hot water heater. You listen to music on the radio as you dress. You catch the
More informationClean Abundant and Economical Natural Gas
Clean Abundant and Economical Natural Gas 1 Fast fill/public Access CNG Station Typical costs are $1.5 million per station as shown 2 Time Fill Private CNG Station Time Fill Post Dispensers K rail Compressors
More informationREMI Industries for v9 Models
1 Forestry, fishing, related activities, and other 113-115 1 Forestry and logging; Fishing, hunting, and trapping 113, 114 1 Forestry; Fishing, hunting, and trapping 1131, 1132, 114 2 Logging 1133 2 Agriculture
More informationDallas Central Appraisal District Frequently Asked Questions Business Personal Property (BPP)
1. How can I change my mailing address? Can you change my mailing address by phone? Please send us something in writing (or email us at bppcs@dcad.org) indicating the correct mailing address for your property,
More informationThe Coos Bay Rail Line Preserving Rail as an Intermodal Link for Marine and Industrial Sites in Southwest Oregon
The Coos Bay Rail Line Preserving Rail as an Intermodal Link for Marine and Industrial Sites in Southwest Oregon American Association of Port Authorities - AAPA Communicating the Importance of Infrastructure
More informationChapter 9. Plant Assets. Determining the Cost of Plant Assets
Chapter 9 Plant Assets Plant Assets are also called fixed assets; property, plant and equipment; plant and equipment; long-term assets; operational assets; and long-lived assets. They are characterized
More informationPARTIAL EXAMPLE WRITE UP
PARTIAL EXAMPLE WRITE UP Valuation Related Language Excerpted from an actual Buy Sell Agreement and Analysis of the Agreement In light of Buy Sell Agreements for Closely Held and Family Business Owners
More informationTips for filling out the Self-Employment Tax Organizer (SETO)
Tips for filling out the Self-Employment Tax Organizer (SETO) Who is eligible for self-employment services at Prepare and Prosper? We serve sole proprietors, independent contractors, or single member LLC
More informationThe early part of the article explains in detail the nature and purpose of Depreciation as a book-keeping and accounting concept.
Depreciation Editorial This months students' newsletter focuses on the concept of Depreciation a knowledge of which is essential to those studying Manual Book-Keeping Level 3 and the Level 3 Computerised
More informationCommodity Fumigation
Commodity Fumigation In-Transit Fumigation of Rail Cars Techniques to Fumigate Rail Cars Rail cars, also known as free running cars, are not insect-proof. Rail cars have been known to harbor insect infestations.
More informationGenesee/Shiawassee Michigan Works!
Genesee/Shiawassee Michigan Works! 711 N. Saginaw St Flint, Michigan 48503 810.233.5974 March 13, Highest Ranked Industries Report Shiawassee Country Economic Modeling Specialists, Int. www.economicmodeling.com
More informationStep 1 - Determine Eligibility
Step 1 - Determine Eligibility For a car donation to be eligible for a tax deduction, it must be made solely for charitable or public purposes by an individual who will itemize deduction on Schedule A
More informationBusiness Vehicle Finance from Ford. A guide to Business Vehicle Finance and company vehicle taxation
Business Vehicle Finance from Ford A guide to Business Vehicle Finance and company vehicle taxation 2 3 Business Vehicle Finance from Ford A guide to company vehicle taxation and business finance. Vehicle
More informationAcquisition Lesson Plan for the Concept, Topic or Skill---Not for the Day
Acquisition Lesson Plan Concept: Linear Systems Author Name(s): High-School Delaware Math Cadre Committee Grade: Ninth Grade Time Frame: Two 45 minute periods Pre-requisite(s): Write algebraic expressions
More informationStocker Grazing or Grow Yard Feeder Cattle Profit Projection Calculator Users Manual and Definitions
Stocker Grazing or Grow Yard Feeder Cattle Profit Projection Calculator Users Manual and Definitions The purpose of this decision aid is to help facilitate the organization of stocker or feeder cattle
More informationIndustry Clusters in New York s Economy: A Statewide and Regional Analysis
Industry Clusters in New York s Economy: A Statewide and Regional Analysis December 2011 New York State Department of Labor Division of Research and Statistics Bureau of Labor Market Information Colleen
More informationHow much did your farm business earn last year?
Your Farm Ag Decision Maker Income Statement File C3-25 How much did your farm business earn last year? Was it profitabile? There are many ways to answer these questions. A farm income statement (sometimes
More informationPST-57 Issued: March 2000 Revised: March 2016 INFORMATION FOR BUSINESSES PROVIDING REPAIR AND INSTALLATION SERVICES
Information Bulletin PST-57 Issued: March 2000 Revised: March 2016 Was this bulletin useful? THE PROVINCIAL SALES TAX ACT Click here to complete our short READER SURVEY INFORMATION FOR BUSINESSES PROVIDING
More informationThe case for rail transportation of hazardous materials
ABSTRACT The case for rail transportation of hazardous materials H. Barry Spraggins University of Nevada, Reno Safe transportation of hazardous materials in the United States is an important national issue.
More informationGeneral Instructions
Who must file Form RUT-50? You must file Form RUT-50, Private Party Vehicle Use Tax Transaction, if you purchased or acquired by gift or transfer a motor vehicle from a private party. If you purchased
More informationGuide Note 11 Comparable Selection in a Declining Market
Guide Note 11 Comparable Selection in a Declining Market Introduction A declining market is generally characterized by few transactions and falling values. Declining markets present valuation challenges
More informationRISK ELIGIBILITY. All professional truck owners operating and domiciled within eleven Western states and satisfying other standards as outlined here.
RISK ELIGIBILITY All professional truck owners operating and domiciled within eleven Western states and satisfying other standards as outlined here. This program is designed to offer competitive rates
More informationRail King Mobile Railcar Movers. Stewart & Stevenson
Rail King Mobile Railcar Movers Stewart & Stevenson STEWART & STEVENSON Quality. Dependability. Unmatched Support. Since 1902, Stewart & Stevenson has served business and industry with products that efficiently,
More informationMobile Equipment Safety
Mobile Equipment Safety PLANNING THE JOB Hazard Assessment DO YOU HAVE THE RIGHT EQUIPMENT? ARE THERE HAZARDS TO BE AVOIDED? IS THE GROUND AREA STRONG ENOUGH TO SUPPORT THE EQUIPMENT? ARE THERE ANY UNUSUAL
More informationDefinition of a Lease
October 2015 Leases Project Update Definition of a Lease Project background The IASB and the FASB (the Boards) are working together to improve the accounting for leases. The Boards have concluded that
More informationBig Data in Railroad Engineering
Big Data in Railroad Engineering Dr. Allan M Zarembski Director of Railroad Engineering and Safety Program Department of Civil and Environmental Engineering University of Delaware Newark, Delaware dramz@udel.edu
More information- If I sell my house during the year, who gets the tax ticket and who is responsible for the taxes?
Real Estate Taxes - What is the Real Estate tax rate for Wythe County? - If I sell my house during the year, who gets the tax ticket and who is responsible for the taxes? - How and when will I be assessed
More informationFIAT YOUR FINANCE OPTIONS
FIAT YOUR FINANCE OPTIONS FIAT INSURANCE So that you can enjoy your car without worrying about all the what ifs we offer a broad and cost effective range of products such as Combined GAP and RTI Insurance,
More informationGENERAL INFORMATION FORM -- AUTHORIZATION APPLICATION NAICS CODES GENERAL INFORMATION
GIF CODES COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF ENVIRONMENTAL PROTECTION GENERAL INFORMATION FORM -- AUTHORIZATION APPLICATION NAICS CODES GENERAL INFORMATION The United States has a new industry
More informationALL AMERICAN TRUCKING CO. LLC Carrier Sign on Checklist
ALL AMERICAN TRUCKING CO. LLC Carrier Sign on Checklist Carrier Name: Signed Transportation Agreement between ALL AMERICAN TRUCKING CO. LLC and Carrier Copy of Carrier s PUCO Operating Authority Signed
More information2012 Edition. Your Driving Costs. How much are you really paying to drive?
2012 Edition Your Driving Costs How much are you really paying to drive? How Much Does it Cost to Drive? Following are average per-mile costs as determined by AAA and the composite average cost for three
More informationSTATEMENT OF HOWARD GRUENSPECHT DEPUTY ADMINISTRATOR ENERGY INFORMATION ADMINISTRATION U.S. DEPARTMENT OF ENERGY BEFORE THE
STATEMENT OF HOWARD GRUENSPECHT DEPUTY ADMINISTRATOR ENERGY INFORMATION ADMINISTRATION U.S. DEPARTMENT OF ENERGY BEFORE THE COMMITTEE ON ENERGY AND COMMERCE SUBCOMMITTEE ON ENERGY AND POWER UNITED STATES
More informationVERMONT UNEMPLOYMENT INSURANCE WAGES, BENEFITS, CONTRIBUTIONS AND EMPLOYMENT BY INDUSTRY CALENDAR YEAR 2014
WAGES, BENEFITS, CONTRIBUTIONS AND EMPLOYMENT BY INDUSTRY Vermont Department of Labor VERMONT UNEMPLOYMENT INSURANCE PROGRAM WAGES, BENEFITS, CONTRIBUTIONS AND EMPLOYMENT BY INDUSTRY Visit us at our web
More informationSri Lanka Accounting Standard LKAS 16. Property, Plant and Equipment
Sri Lanka Accounting Standard LKAS 16 Property, Plant and Equipment CONTENTS paragraphs SRI LANKA ACCOUNTING STANDARD LKAS 16 PROPERTY, PLANT AND EQUIPMENT OBJECTIVE 1 SCOPE 2 DEFINITIONS 6 RECOGNITION
More informationAsset Quality Section 219
Leasing Activities A lease is a contract between the owner of a property, the lessor, and a person or company authorized by the lease contract, the lessee, to use the property. The lease contract specifies
More informationGAS STATION/ C-STORE GOING-CONCERN VALUATION
{ GAS STATION/ C-STORE GOING-CONCERN VALUATION } The Society of Chief Appraisers & Risk Management Association// Los Angeles, CA // October 2015 1 PRESENTED BY STEVE MORSE, FOUNDER & CHIEF APPRAISER INTRODUCTION
More informationMERCHANDISING AND INVENTORY MANAGEMENT OF COMMODITIES: CARRYING CHARGES AND BASIS
MERCHANDISING AND INVENTORY MANAGEMENT OF COMMODITIES: CARRYING CHARGES AND BASIS by Raleigh B. Wilson Continental Grain Company Director, Chicago Board of Trade JJEVERAL months ago when I was asked to
More informationThe Fuel and Vehicle Trends Report January 31, 2014
ISSN 1948-2388 The Fuel and Vehicle Trends Report This report is a summary of the latest fuel prices and other oil industry key statistics. In addition, this report provides the latest trends in vehicle
More information