(1) System reproduction cost, local reproduction cost and the state equalization rates shall be based so far as may be practicable upon the same period price levels;
(2) System reproduction cost shall include so far as may be practicable the property constituting the railroad system from which the railway earnings were derived for the latest year included in the average railway earnings; and
(3) The aggregate of the local reproduction cost of each railroad company shall approximate the amount included in the system reproduction cost of such railroad company on account of the property included in such local reproduction costs so far as may be practicable.
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