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Don Phillips column about Amtrak accounting
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<p>[quote user="PNWRMNM"]</p> <p>[quote user="Sam1"]</p> <p> </p> <p>The hoist carriers may pass some depreciation through to Amtrak in their billings. Again, without being able to look at the books, we simply don't know. <span style="font-size:12px;">[/quote] </span></p> <div style="clear:both;"><span style="font-size:12px;">Sam,</span></div> <p>Freight railroads "hosting" ATK can not pass thru their MofW depreciation. All they get is marginal cost, which is next to nothing.</p> <p>Mac McCulloch <span style="font-size:12px;">[/quote]</span></p> <p><span style="font-size:12px;">The freight railroads supposedly bill Amtrak for the cost of hoisting its trains. Included in the hoist railroad's costs would be depreciation. Clearly, any depreciation that flows through to Amtrak would be very small.</span></p> <p><span style="font-size:12px;">How do you know that they don't include a small amount of depreciation in their billings to Amtrak. I know that they cannot flow through any taxes, but I was not aware that they cannot flow through any depreciation.</span></p> <p><span style="font-size:12px;">In another post, I don't remember where it is located, a comment was made that the freight railroads lose hundreds of millions of dollars a year hoisting Amtrak's trains. Unless one has access to all of the freight railroads books, how would one know that?</span></p>
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