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266 HELICOPTER AIR SERVICE PROGRAM

APPENDIX J

S-58 depreciation schedule showing addition of turbine powered flight equipment 

[[4 columned table]]
|   |Fiscal year 1967|Fiscal year 1968|Fiscal year 1969|
|---|---|---|---|
|Modification. of 4 CHA S-58C helicopters to be powered by PW-PT-6 engines: $150,000 each|$600,000|-|-|
|Spare parts and equipment:|   |   |   |
|4 each PW-PT-6 engines, $24,450 each|97,800|-|-|
|Engine parts, rotable|24,800|-|-|
|Airframe, components|20,100|-|-|
|Special tools|5,000|-|-|
|2 sets pressurized main rotor blades|28,800|-|-|
|Total additional investment|176,500|-|-|
|Depreciation 10 years, 15 percent residual|660,000|-|-|
|Annual added depreciation|66,000|-|-|
|Purchase of 1 used turbine-powered S-58C helicopter (No. 5)|-|$250,000|-|
|Depreciation 10 years, 15 percent residual|-|212,500|-|
|Annual added depreciation|-|21,200|-|
|Purchase of 1 used turbine-powered S-58C helicopter (No. 6)|-|-|$250,000|
|Depreciation 10 years, 15 percent residual|-|-|212,500|
|Annual added depreciation|-|-|21,200|

APPENDIX K

Average investment base fiscal years 1965 through 1970

[[7 column table]]
|   |Fiscal year 1965|Fiscal year 1966|Fiscal year 1967|Fiscal year 1689|Fiscal year 1969|Fiscal year 1970|
|---|---|---|---|---|---|---|
|Flight equipment:|   |   |   |   |   |   |
|Book value at beginning of year|$408,400|$316,000|$246,900|$888,300|$982,000|$1,054,500|
|Less year's depreciation|69,100|69,100|135,100|156,300|177,500|177,500|
|Plus additions|50,000|-|776,500|250,000|250,000|-|
|Less retirements|73,300|-|-|-|-|-|
|Book value at end of year|316,000|246,900|888,300|982,000|1,054,500|877,000|
|Ground equipment and improvements:|   |   |   |   |   |   |
|Book value at beginning of year|92,100|75,200|58,300|89,400|167,800|116,800|
|Less year's depreciation|16,900|16,900|28,900|51,000|51,000|51,000|
|Plus additions|-|-|60,000|129,400|-|-|
|Book value at end of year|75,200|58,300|89,400|167,800|116,800|65,800|
|Deferred items:|   |   |   |   |   |   |
|Balance at beginning of year|38,800|23,100|7,400|39,600|29,600|19,600|
|Less amortuzation|15,700|15,700|17,800|10,000|10,000|10,000|
|Plus additions|-|-|50,000|-|-|-|
|Book value at end of year|23,100|7,400|39,600|29,600|19,600|9,600|
|Working capital: approximately 1 month's cash expenses|99,700|115,900|171,800|205,600|234,300|251,300|
|Investment:|   |   |   |   |   |   |
|Beginning of year|639,000|530,200|484,400|1,222,900|1,413,700|1,44,200|
|End of year|514,000|528,500|1,189,100|1,385,000|1,425,200|1,203,700|
|Midyear (average)|576,500|469,400|836,800|1,304,000|1,419,500|1,323,000|
|Return at minimum 7 percent|40,400|33,600|58,600|91,300|99,400|92,600|