Word: depreciationâ
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Dates: during 1935-1935
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...right to determine how much every utility may write off to depreciation???an enormously important power since net earnings may be radically altered by write-offs. SEC may also decide whether any dividends shall be paid by any utility under its jurisdiction. This means that before a holding company receives a return on its investment in a subsidiary, the dividend must first be authorized by the Commission. Finally, as all the world knows, SEC must order holding companies to limit themselves to "a single integrated system" (with certain exceptions), must abolish all holding companies more than twice removed from their...
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