That actually makes me wonder what those are listed at in Amtrak's depreciation book and whether, since most of them are sitting on sidings, if Amtrak shouldn't dump those to a freight line somewhere (or heck, even put them out as scrap) and bump up the Viewliner order a bit.
They have quite likely been duly depreciated to zero and whether they are on Amtrak's books or not does not make an iota of difference to Amtrak's financial reports anymore. Rightfully their residual value should have been written off when they became useless for Amtrak. If/when they manage to get rid of them any money they collect then becomes a net gain in the financial account. You cannot keep recording depreciation against a capital property that is already depreciated to zero, and to which no further capital value has been added through major upgrade etc.
People also seem not to understand that depreciation is just an accounting method for accounting for a capital cost paid at a given point in time, to bring a capital asset on the books, but spread out its accounting over a period of time using one of the several depreciation schedules defined for the purposes of GAAP for financial accounting in the US, and by IRS for tax purposes in the US (and surprisingly even those two do not always align with each other. Contrary to popular belief depreciation has no effect on cash accounts and it certainly does not create money for replacing the thing being depreciated, a misconception that even Don Philip of Trains magazine appears to suffer from. The only cash outlay is for the original acquisition of said asset and it appears in the cash account of the year in which it is acquired. In case of Amtrak that cash usually comes from a grant, or occasionally from a loan. In the latter case the loan payments have to be accounted for in cash account as payments are made.
jls,
I know what depreciation is. It's a fantasy tool that doubles Amtrak's annual accounting losses and gets us hit over the head for a half billion dollars in "losses" on paid-for equipment on an annual basis. Now, I know that they
should have been written down to zero when they became useless, but knowing how Amtrak has tinkered with their accounting, it is entirely possible that they stayed locked into a 20-year depreciation schedule for some reason or another and/or that someone had a "bright idea" and managed to extend the depreciation schedule based on "reduced wear and tear" now that they're sitting in a railyard. I rather wish this was all joking.
afigg,
I didn't know how the Virginia Avenue tunnel figured into things. As to Baltimore, couldn't Amtrak simply run the AT around the Penn Line and skip Baltimore proper entirely? Or is there a jam-up near Philly as well that I'm not familiar with? (I know about the Hudson tunnels, and I know about the Baltimore tunnels, but I thought those were about it) If the autoracks cap speeds out at 70 MPH (and I think that higher speeds, even on Class 6+ track, might pose issues to the condition of the cars onboard and thus be inadvisable), then running them partly or entirely on a non-NEC route might make sense.
As to the discussion of WAS-CHI-LAX service, it's not that I think such is a great idea...it's more that I'm left wondering, given that you'd have two service segments that have a connecting train already, whether the "linking" segment might not make sense as well. Likewise, I
do think that CHI-Florida has potential as a market (note the
repeated attempts Amtrak keeps bumping around to try and restore a direct link there)...it's just that the other routes to get from A to B aren't exactly clear.
Edit: A semi-serious thought comes to mind: If you could arrange linking the racks prior to the Union Station boarding in CHI, then running the service on a Cap-and-Star combined train would actually work, since the Cap-and-Star has to go to Sanford for maintenance anyway. You'd need extra space on that train
badly, but the proposition is at least workable on paper.