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[quote user="Bruce LA"] Sam1 Are you sure about the 42 years? I've never heard of tangible personal property depreciated over that long a period. BruceLA [/quote] As per Page 15 of Amtrak's 2012 Financial Statements, "the useful lives of locomotives, passenger cars, and other rolling stock assets for depreciation purposes range up to 42 years."   Accounting is a conservative discipline.  That is to say, given the accounting problem, accountants will opt for the most conservative approach. Thus, I used the most conservative estimate, which would be the 42 years. The group depreciation period for the locomotives, cars, etc. may be less than 42 years.   I believe the Superliner I cars will be 40 years old in 2015.  As far as I can tell they make up most of the cars running on the Amtrak trains that serve Texas.  If I am correct regarding the depreciation for these cars, the Texas Amtrak trains are still wearing a small amount of depreciation. As per several previous postings, without access to Amtrak's detailed property accounting records, we don't know how long it is depreciating the locomotives and cars used on its trains that serve Texas.
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