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Fixed Assets and Consumer Durable Goods in the United States, 1925-97 SEPTEMBER 2003 U.S. DEPARTMENT OF COMMERCE Donald L. Evans, Secretary I • • • ♦ E C O N O M I C S A N D S T A T IS T I C S A D M I N I S T R A T I O N E C O N O M IC S 1 K a th l e e n B . C o o p e r , U n d e r S e c re ta ry f o r E c o n o m ic A ffa ir s A N D S T A T IS T IC S A D M IN IS T R A T IO N ! B U R E A U O F E C O N O M IC ANALYSIS J. S tev en L an d efeld , D irector R o se m a ry D . M arcu ss, D e p u ty D irector www.bea.gov S u g g e s te d C i t a t i o n U .S . D e p a r t m e n t o f C o m m e r c e . B u r e a u o f E c o n o m ic A n a ly s is . F ix e d A sse ts a n d C o n s u m e r D u r a b le G o o d s in th e U n ite d S ta te s, 1 9 2 5 -9 9 . W a s h in g to n , D C : U .S . G o v e r n m e n t P r in ti n g O f fic e , S e p te m b e r , 2 0 0 3 . Acknow ledgm ent s T h i s p u b l i c a t i o n w a s w r i t t e n b y S h e lb y W . H e r m a n , a n d R a n d a l T. M a t s u n a g a o v e r s a w p r e p a r a t i o n o f t h e A r n o ld J. K a tz , L e o n a r d J. L o e b a c h , a n d S te p h a n ie H . p u b l i s h e d v o lu m e . B a r b a r a M . F r a u m e n i , B E A ’s C h i e f M c C u lla w i t h a s s is ta n c e f r o m M ic h a e l D . G le n n . The e s ti m a t e s o f f ix e d a s s e ts a n d c o n s u m e r d u r a b l e s w e r e E c o n o m is t, r e c o m m e n d e d t h e d e p r e c i a t i o n p r o f ile s t h a t w e re u se d . p r e p a r e d b y t h e N a t i o n a l I n c o m e a n d W e a lth D iv is i o n O v e r a ll s u p e r v is io n w a s p r o v i d e d b y C a r o l M o y la n , a n d t h e G o v e r n m e n t D iv is io n o f B EA . S p e c ific a lly , th e C h i e f o f t h e N a t i o n a l I n c o m e a n d W e a lth D iv is io n ; b y e s tim a t e s f o r th e p r iv a t e s e c to r a n d th e c h a i n - t y p e e s ti K a r l G a lb r a ith , f o r m e r C h i e f o f t h e G o v e r n m e n t D iv i m a te s f o r t h e p r iv a t e a n d g o v e r n m e n t s e c to r s w e r e p r e s io n ; b y B r o o k s B. R o b in s o n , C h i e f o f t h e G o v e r n m e n t p a r e d b y M ic h a e l D . G le n n , P h y llis B a r n e s , K u r t K u n z e , D iv is io n ; a n d b y B r e n t R . M o u l t o n , A s s o c ia te D i r e c t o r L e o n a r d J. L o e b a c h , a n d D e n n i s R . W e ik e l, u n d e r t h e f o r N a t i o n a l E c o n o m i c A c c o u n ts . K r is ti n a M a z e e d i te d d i r e c t i o n o f S h e lb y W . H e r m a n . T h e e s tim a t e s f o r th e t h e v o lu m e a n d W . R o n n i e F o s te r o f P u b l i c a t i o n S e r g o v e r n m e n t s e c to r w e r e p r e p a r e d b y C h a r le s S. R o b in s o n v ic e s in t h e C o m m u n i c a t i o n s D iv is io n c o o r d i n a t e d th e a n d J e n n i f e r A . B e n n e t t, u n d e r t h e d i r e c t i o n o f D . T i m o p r o d u c t i o n o f th i s p u b l i c a t i o n a n d d e s ig n e d t h e c o v e r. th y D o b b s . P a u l R . Lally, C h i e f o f t h e I n v e s t m e n t B r a n c h , D u a n e H a c k m a n n p r e p a r e d t h e ta b le s f o r ty p e s e ttin g . Cont ent s A c k n o w l e d g m e n t s .................................................................................................................................................. iii I n t r o d u c t i o n ........................................................................................................................................................... M - l U se s o f t h e E s t i m a t e s ........................................................................................................................................ M - l R e l a ti o n s h i p t o t h e N a t i o n a l I n c o m e a n d P r o d u c t A c c o u n t s ..................................................................... M - 2 O t h e r s to c k m e a s u r e s ...................................................................................................................................... M - 3 C o n c e p t s a n d M e t h o d o l o g i e s ............................................................................................................................... M - 5 C la s s if i c a tio n c o n v e n t i o n s .............................................................................................................................. M - 5 O v e r v ie w o f t h e e s t i m a t i n g m e t h o d o l o g y .....................................................................................................M - 6 P e r p e tu a l i n v e n t o r y m e t h o d .................................................................................................................... M - 6 I n v e s t m e n t ................................................................................................................................................. M - 6 D e p r e c i a t i o n ............................................................................................................................................. M - 6 B a s ic F o r m u l a s ................................................................................................................................................ M - 7 V a l u a t i o n ......................................................................................................................................................... M - 8 C u r r e n t - c o s t v a l u a t i o n ............................................................................................................................ M - 8 R e a l - c o s t v a l u a t i o n ................................................................................................................................... M - 9 Q u a l i t y c h a n g e .......................................................................................................................................... M - 9 H i s t o r i c a l - c o s t v a l u a t i o n ......................................................................................................................... M - 1 0 R e l a ti o n s h i p a m o n g e s t i m a t e s ................................................................................................................. M - 1 0 A d ju s tm e n ts f o r c a t a s t r o p h i c lo s se s a n d o b s o l e s c e n c e ....................................................................................... M - 1 0 D e r i v a t i o n o f I n v e s t m e n t E s t i m a t e s .................................................................................................................... M - l 3 I n v e s t m e n t in P r iv a t e F ix e d A s s e t s ................................................................................................................. M - l 3 S o u r c e s ............................................................................................................................................ ........... M - l 3 N e w n o n r e s i d e n t i a l i n v e s t m e n t ............................................................................................................... M - l 6 I n v e s t m e n t c o n t r o l s b y i n d u s t r y ......................................................................................................M - l 7 I n v e s t m e n t c o n t r o l s b y ty p e o f a s s e t ................................................................................................M - 2 3 A d j u s t m e n t o f i n d u s t r y c o n t r o l s .....................................................................................................M - 2 4 D i s t r i b u t i o n b y ty p e o f a s s e t a n d i n d u s t r y ............................................................................................ M - 2 4 N e w r e s id e n t ia l i n v e s t m e n t ...................................................................................................................... M - 2 5 N e t p u r c h a s e s o f u s e d a s s e t s ..................................................................................................................... M - 2 5 N o n r e s i d e n t i a l a s s e t s ......................................................................................................................... M - 2 5 R e s id e n tia l a s s e t s ................................................................................................................................. M - 2 6 I n v e s t m e n t b y le g a l f o r m o f o r g a n i z a t i o n ............................................................................................... M - 2 6 N o n r e s i d e n t i a l i n v e s t m e n t ................................................................................................................ M - 2 6 R e s id e n t ia l i n v e s t m e n t ....................................................................................................................... M - 2 7 G o v e r n m e n t F ix e d A s s e t s ............................................................................................................................... M - 2 7 C o n s u m e r D u r a b l e G o o d s ............................................................................................................................. M - 2 7 v D e r i v a t i o n o f D e p r e c i a t i o n E s t i m a t e s .................................................................................................................M - 2 9 S e r v ic e l i v e s ...................................................................................................................................................... M - 3 0 P r iv a t e e q u i p m e n t ................................................................................................................................... M - 3 2 P r iv a t e n o n r e s i d e n t i a l s t r u c t u r e s ........................................................................................................... M - 3 3 R e s id e n ti a l s t r u c t u r e s ..................................................................................................................................... M - 3 3 G o v e r n m e n t - o w n e d f ix e d a s s e t s ............................................................................................................. M - 3 3 D u r a b l e g o o d s o w n e d b y c o n s u m e r s ..................................................................................................... M - 3 3 R e t i r e m e n t p a t t e r n s ........................................................................................................................................ M - 3 3 D e r i v a t i o n o f E s ti m a t e s o f P r iv a t e ly - o w n e d A u t o m o b i l e s ............................................................................... M - 3 5 G lo s s a r y a n d G u id e t o t h e T a b l e s ......................................................................................................................... M - 3 7 G l o s s a r y ........................................................................................................................................................... M - 3 7 G u id e t o t h e T a b l e s .......................................................................................................................................... M - 3 8 List of Tables 1. F ix e d A s s e ts a n d C o n s u m e r D u r a b l e G o o d s 1.1. C u r r e n t - C o s t N e t S to c k o f F ix e d A ss e ts a n d C o n s u m e r D u r a b le G o o d s ........................................... 1 1.2. C h a i n - T y p e Q u a n t i t y I n d e x e s f o r N e t S to c k o f F ix e d A ss e ts a n d C o n s u m e r D u r a b le G o o d s ......... 3 1.3. C u r r e n t - C o s t D e p r e c i a ti o n o f F ix e d A ss e ts a n d C o n s u m e r D u r a b l e G o o d s .....................................5 1.4. C h a i n - T y p e Q u a n t i t y I n d e x e s f o r D e p r e c i a t i o n o f F ix e d A s s e ts a n d C o n s u m e r D u r a b l e G o o d s .... 7 1.5. H i s t o r i c a l - C o s t I n v e s t m e n t in F ix e d A ss e ts a n d C o n s u m e r D u r a b l e G o o d s .................................... 9 1.6. C h a i n - T y p e Q u a n t i t y I n d e x e s f o r I n v e s t m e n t in F ix e d A s s e ts a n d C o n s u m e r D u r a b l e G o o d s ....... 12 1.7. C u r r e n t - C o s t A v e ra g e A g e a t Y e a r e n d o f F ix e d A s s e ts a n d C o n s u m e r D u r a b l e G o o d s ................... 15 2. P r i v a t e F ix e d A s s e ts b y T y p e 2 .1 . C u r r e n t - C o s t N e t S to c k o f P r iv a t e F ix e d A sse ts; E q u i p m e n t , S o f tw a r e , a n d S t r u c t u r e s ................... 17 2 .2 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r N e t S to c k o f P r iv a te F ix e d A ss e ts; E q u i p m e n t , S o f tw a r e , a n d S t r u c t u r e s ........................................................................................................................................... 23 2 .3 . H i s t o r i c a l - C o s t N e t S to c k o f P r iv a t e F ix e d A sse ts; E q u i p m e n t , S o f tw a r e , a n d S t r u c t u r e s .............. 29 2 .4 . C u r r e n t - C o s t D e p r e c i a ti o n o f P r iv a t e F ix e d A sse ts; E q u i p m e n t , S o ftw a re , a n d S t r u c t u r e s ............ 35 2 .5 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r D e p r e c i a ti o n o f P r iv a te F ix e d A sse ts; E q u i p m e n t , S o f tw a r e , a n d S t r u c t u r e s ........................................................................................................................................... 41 2 .6 . H i s t o r i c a l - C o s t D e p r e c i a ti o n o f P r iv a t e F ix e d A ss e ts; E q u i p m e n t , S o ftw a re , a n d S t r u c t u r e s ........ 4 7 2 .7 . H i s t o r i c a l - C o s t I n v e s t m e n t in P r iv a t e F ix e d A ss e ts; E q u i p m e n t , S o f tw a r e , a n d S t r u c t u r e s ............ 53 2 .8 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r I n v e s t m e n t in P r iv a te F ix e d A ss e ts; E q u i p m e n t , S o f tw a r e , a n d S t r u c t u r e s ........................................................................................................................................... 61 2 .9 . C u r r e n t - C o s t A v e ra g e A g e a t Y e a r e n d o f P r iv a te F ix e d A sse ts; E q u i p m e n t , S o f tw a r e , a n d S t r u c t u r e s ........................................................................................................................................... 69 2 .1 0 . H is t o r i c a l - C o s t A v e ra g e A g e a t Y e a r e n d o f P r iv a te F ix e d A ss e ts; E q u i p m e n t , S o f tw a r e , a n d S t r u c t u r e s ........................................................................................................................................... 75 3. P r i v a t e F ix e d A s s e ts b y I n d u s t r y 3 .1 E S . C u r r e n t - C o s t N e t S to c k o f P r iv a t e F ix e d A s s e t s ............................................................................... 81 3 . I E . C u r r e n t - C o s t N e t S to c k o f P r iv a t e E q u i p m e n t a n d S o f t w a r e ........................................................... 85 3 .1 S . C u r r e n t - C o s t N e t S to c k o f P r iv a t e S t r u c t u r e s .....................................................................................89 vi 3 .2 E S . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r N e t S to c k o f P r iv a t e F ix e d A s s e t s .............................................. 93 3 .2 E . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r N e t S to c k o f P r iv a te E q u i p m e n t a n d S o f t w a r e ......................... 97 3 .2 S . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r N e t S to c k o f P r iv a t e S t r u c t u r e s ................................................... 101 3 .3 E S . H i s t o r i c a l - C o s t N e t S to c k o f P r iv a t e F ix e d A s s e t s ............................................................................ 105 3 .3 E . H i s t o r i c a l - C o s t N e t S to c k o f P r iv a te E q u i p m e n t a n d S o f t w a r e ........................................................ 109 3 .3 S . H i s t o r i c a l - C o s t N e t S to c k o f P r iv a t e S t r u c t u r e s ................................................................................. 113 3 .4 E S . C u r r e n t - C o s t D e p r e c i a t i o n o f P r i v a t e F ix e d A s s e t s ......................................................................... 117 3 .4 E . C u r r e n t - C o s t D e p r e c i a t i o n o f P r iv a t e E q u i p m e n t a n d S o f t w a r e ..................................................... 121 3 .4 S . C u r r e n t - C o s t D e p r e c i a t i o n o f P r iv a t e S t r u c t u r e s .............................................................................. 125 3 .5 E S . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r D e p r e c i a ti o n o f P r iv a te F ix e d A s s e t s ........................................ 129 3 .5 E . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r D e p r e c i a ti o n o f P r iv a te E q u i p m e n t a n d S o f t w a r e .................... 133 3 .5 S . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r D e p r e c i a ti o n o f P r iv a te S t r u c t u r e s ............................................. 137 3 .6 E S . H i s t o r i c a l - C o s t D e p r e c i a ti o n o f P r iv a t e F ix e d A s s e t s ...................................................................... 141 3 .6 E . H i s t o r i c a l - C o s t D e p r e c i a t i o n o f P r iv a t e E q u i p m e n t a n d S o f t w a r e .................................................... 145 3 .6 S . H i s t o r i c a l - C o s t D e p r e c i a t i o n o f P r iv a t e S t r u c t u r e s .......................................................................... 149 3 .7 E S . H i s t o r i c a l - C o s t I n v e s t m e n t in P r iv a t e F ix e d A s s e t s ......................................................................... 153 3 .7 E . H i s t o r i c a l - C o s t I n v e s t m e n t in P r iv a t e E q u i p m e n t a n d S o f t w a r e ...................................................... 157 3 .7 S . H i s t o r i c a l - C o s t I n v e s t m e n t in P r iv a t e S t r u c t u r e s ............................................................................. 161 3 .8 E S . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r I n v e s tm e n t in P r iv a t e F ix e d A s s e t s ............................................ 165 3 .8 E . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r I n v e s tm e n t i n P r iv a te E q u i p m e n t a n d S o f t w a r e ......................... 169 3 .8 S . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r I n v e s t m e n t in P r iv a te S t r u c t u r e s ................................................. 173 3 .9 E S . C u r r e n t - C o s t A v e ra g e A g e a t Y e a r e n d o f P r iv a t e F ix e d A s s e t s ........................................................ 177 3 .9 E . C u r r e n t - C o s t A v e ra g e A ge a t Y e a r e n d o f P r iv a t e E q u i p m e n t a n d S o f t w a r e .................................... 181 3 .9 S . C u r r e n t - C o s t A v e r a g e A g e a t Y e a r e n d o f P r iv a t e S t r u c t u r e s ............................................................. 185 3 .1 0 E S . H i s to r ic a l- C o s t A v e ra g e A ge a t Y e a r e n d o f P r iv a te F ix e d A s s e t s ................................................... 189 3 .1 0 E . H is to r i c a l - C o s t A v e ra g e A g e a t Y e a r e n d o f P r iv a te E q u i p m e n t a n d S o f t w a r e ................................ 193 3.1 OS. H i s t o r i c a l - C o s t A v e ra g e A g e a t Y e a r e n d o f P r iv a te S t r u c t u r e s ........................................................ 197 4 . N o n r e s i d e n t i a l F ix e d A s s e ts b y I n d u s t r y G r o u p a n d L e g a l F o r m o f O r g a n i z a t i o n 4 .1 . C u r r e n t - C o s t N e t S to c k o f N o n r e s i d e n t i a l F ix e d A s s e t s ...................................................................... 201 4 .2 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r N e t S to c k o f N o n r e s id e n ti a l F ix e d A s s e t s ..................................... 2 0 7 4 .3 . H i s t o r i c a l - C o s t N e t S to c k o f N o n r e s i d e n t i a l F ix e d A s s e t s ................................................................... 2 1 3 4 .4 . C u r r e n t - C o s t D e p r e c i a t i o n o f N o n r e s i d e n t i a l F ix e d A s s e t s ................................................................ 2 1 9 4 .5 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r D e p r e c i a ti o n o f N o n r e s i d e n t i a l F ix e d A s s e t s ...............................2 2 5 4 .6 . H i s t o r i c a l - C o s t D e p r e c i a t i o n o f N o n r e s i d e n t i a l F ix e d A s s e t s ............................................................. 231 4 .7 . H i s t o r i c a l - C o s t I n v e s t m e n t in N o n r e s i d e n t i a l F ix e d A s s e t s ................................................................ 2 3 7 4 .8 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r I n v e s tm e n t in N o n r e s id e n ti a l F ix e d A s s e t s .................................... 2 4 5 4 .9 . C u r r e n t - C o s t A v e ra g e A g e a t Y e a r e n d o f N o n r e s i d e n t i a l F ix e d A s s e t s ............................................... 2 5 3 4 .1 0 . H is t o r i c a l - C o s t A v e ra g e A g e a t Y e a re n d o f N o n r e s i d e n t i a l F ix e d A s s e t s .......................................... 2 5 9 5. R e s id e n ti a l F ix e d A s s e ts b y T y p e o f O w n e r , L e g a l F o r m o f O r g a n i z a t i o n , I n d u s t r y , a n d T e n u r e G r o u p 5 .1 . C u r r e n t - C o s t N e t S to c k o f R e s id e n t ia l F ix e d A s s e t s ............................................................................. 2 6 5 5 .2 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r N e t S to c k o f R e s id e n tia l F ix e d A s s e t s ............................................ 2 6 7 5 .3 . H i s t o r i c a l - C o s t N e t S to c k o f R e s id e n t ia l F ix e d A s s e t s ......................................................................... 2 6 9 5 .4 . C u r r e n t - C o s t D e p r e c i a t i o n o f R e s id e n t ia l F ix e d A s s e t s ....................................................................... 271 5 .5 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r D e p r e c i a t i o n o f R e s id e n tia l F ix e d A s s e t s ......................................2 7 3 5 .6 . H i s t o r i c a l - C o s t D e p r e c i a t i o n o f R e s id e n tia l F ix e d A s s e t s ................................................................... 2 7 5 5 .7 . H i s t o r i c a l - C o s t I n v e s t m e n t in R e s id e n t ia l F ix e d A s s e t s ....................................................................... 2 7 7 5 .8 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r I n v e s tm e n t in R e s id e n tia l F ix e d A s s e t s ......................................... 2 8 0 5 .9 . C u r r e n t - C o s t A v e r a g e A g e a t Y e a r e n d o f R e s id e n tia l F ix e d A s s e t s ...................................................... 2 8 3 5 .1 0 . H is to r i c a l - C o s t A v e ra g e A g e a t Y e a r e n d o f R e s id e n tia l F ix e d A s s e t s ................................................2 8 5 6. Private Fixed Assets by Industry Group and Legal Form of Organization 6 .1 . C u r r e n t - C o s t N e t S to c k o f P r iv a t e F ix e d A s s e t s ..................................................................................... 2 8 7 6 .2 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r N e t S to c k o f P r iv a t e F ix e d A s s e t s ................................................... 2 8 9 6 .3 . H i s t o r i c a l - C o s t N e t S to c k o f P r iv a t e F ix e d A s s e t s .................................................................................. 291 6 .4 . C u r r e n t - C o s t D e p r e c i a t i o n o f P r iv a t e F ix e d A s s e t s ............................................................................... 2 9 3 6 .5 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r D e p r e c i a ti o n o f P r iv a t e F ix e d A s s e t s .............................................. 2 9 5 6 .6 . H i s t o r i c a l - C o s t D e p r e c i a t i o n o f P r iv a t e F ix e d A s s e t s ............................................................................2 9 7 6 .7 . H i s t o r i c a l - C o s t I n v e s t m e n t in P r iv a t e F ix e d A s s e t s ............................................................................... 2 9 9 6 .8 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r I n v e s tm e n t i n P r iv a t e F ix e d A s s e t s ................................................. 3 0 2 6 .9 . C u r r e n t - C o s t A v e r a g e A g e a t Y e a r e n d o f P r iv a te F ix e d A s s e t s ............................................................. 3 0 5 6 .1 0 . H is to r i c a l - C o s t A v e ra g e A g e a t Y e a r e n d o f P r iv a t e F i x e d .................................................................. 3 0 7 7. Government Fixed Assets 7 .1 . C u r r e n t - C o s t N e t S to c k o f G o v e r n m e n t F ix e d A s s e t s ............................................................................311 7 .2 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r N e t S to c k o f G o v e r n m e n t F ix e d A s s e t s .......................................... 3 1 7 7 .3 . C u r r e n t - C o s t D e p r e c i a t i o n o f G o v e r n m e n t F ix e d A s s e t s ...................................................................... 3 2 3 7 .4 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r D e p r e c i a ti o n o f G o v e r n m e n t F ix e d A s s e t s .................................... 3 2 9 7 .5 . H i s t o r i c a l - C o s t I n v e s t m e n t i n G o v e r n m e n t F ix e d A s s e t s ...................................................................... 3 3 5 7 .6 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r I n v e s tm e n t i n G o v e r n m e n t F ix e d A s s e t s ....................................... 343 7 .7 . C u r r e n t - C o s t A v e r a g e A g e a t Y e a r e n d o f G o v e r n m e n t F ix e d A s s e t s .................................................... 351 8. Consumer Durable Goods 8 .1 . C u r r e n t - C o s t N e t S to c k o f C o n s u m e r D u r a b l e G o o d s .......................................................................... 3 5 7 8 .2 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r N e t S to c k o f C o n s u m e r D u r a b l e G o o d s ........................................ 3 5 9 8 .3 . H i s t o r i c a l - C o s t N e t S to c k o f C o n s u m e r D u r a b le G o o d s ...................................................................... 361 8 .4 . C u r r e n t - C o s t D e p r e c i a t i o n o f C o n s u m e r D u r a b l e G o o d s ................................................................... 3 6 3 8 .5 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r D e p r e c i a ti o n o f C o n s u m e r D u r a b l e G o o d s .................................. 365 8 .6 . H i s t o r i c a l - C o s t D e p r e c i a t i o n o f C o n s u m e r D u r a b l e G o o d s ............................................................... 3 6 7 8 .7 . H i s t o r i c a l - C o s t I n v e s t m e n t in C o n s u m e r D u r a b l e G o o d s ....................................................................3 6 9 8 .8 . C h a i n - T y p e Q u a n t i t y I n d e x e s f o r I n v e s tm e n t in C o n s u m e r D u r a b le G o o d s ..................................... 3 7 2 8 .9 . C u r r e n t - C o s t A v e r a g e A g e a t Y e a r e n d o f C o n s u m e r D u r a b l e G o o d s .................................................. 3 7 5 8 .1 0 . H is t o r i c a l - C o s t A v e ra g e A g e a t Y e a r e n d o f C o n s u m e r D u r a b l e G o o d s ...........................................3 7 7 9. Chained Dollar Tables 9 .1 . R e a l N e t S to c k o f F ix e d A s s e ts a n d C o n s u m e r D u r a b l e G o o d s ........................................................... 3 7 9 9 .2 . R e a l D e p r e c i a t i o n o f F ix e d A ss e ts a n d C o n s u m e r D u r a b l e G o o d s .....................................................3 7 9 9 .3 . R e a l I n v e s t m e n t i n F ix e d A ss e ts a n d C o n s u m e r D u r a b l e G o o d s ........................................................ 3 7 9 viii Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -l I ntroduction T h is p u b l i c a t i o n p r e s e n ts e s tim a t e s p r e p a r e d b y t h e T h e e s tim a te s in th i s p u b l i c a t i o n s u p e r s e d e th o s e B u r e a u o f E c o n o m ic A n a ly s is (B E A ) o f th e s to c k s a n d p u b l i s h e d in t h e p r e c e d i n g e d i t i o n o f t h i s p u b l i c a t i o n d e p r e c ia ti o n o f f ix e d a ss e ts a n d c o n s u m e r d u r a b le a n d in th e S u r v e y p r i o r to S e p te m b e r 2 0 0 0 .2 ( A b b r e v i g o o d s a n d o f t h e i n v e s t m e n t flo w s u s e d to d e r iv e th e m . a t e d t i m e s e r ie s t h a t r e f le c t t h e r e v is io n s m a d e to S p e c ific a lly , it p r e s e n ts e s tim a t e s f o r th e U n it e d S ta te s N I P A s f o r th e p r e v io u s 3 y e a r s a r e g e n e r a lly p u b l i s h e d o f t h e s to c k s o f p r iv a t e a n d g o v e r n m e n t f ix e d a ss e ts in t h e S e p te m b e r is s u e s o f th e S u r v e y in t h e f o llo w in g ( d u r a b le e q u i p m e n t , s o f tw a r e , a n d y e a r ; t h e y a r e m a d e a v a ila b le o n th e W e b s ite a t a b o u t s tru c tu re s ) and c o n s u m e r d u r a b le s f o r 1 9 2 5 - 9 9 . I t a lso p r e s e n ts th e u n d e r ly i n g i n v e s t m e n t e x p e n d i tu r e s f o r m o s t a s se ts f o r 1 9 0 1 -9 9 . T h e f ir s t c h a p t e r d is c u s s e s t h e c o n c e p tu a l a n d s t a t i s t h e s a m e tim e .) Uses of the Estimates BEA’s e s tim a te s o f t h e n e t s to c k s a n d d e p r e c i a t i o n o f tic a l c o n s id e r a ti o n s u n d e r l y i n g BEA’s e s tim a t e s o f f ix e d f ix e d a s se ts a n d c o n s u m e r d u r a b le s a r e u s e d in o t h e r a s se ts a n d c o n s u m e r d u r a b le s . T h e s e c o n d a n d t h i r d s e ts o f s ta tis tic s, s u c h as t h e F lo w - o f - F u n d s A c c o u n ts c h a p t e r s e x p la in p r e p a r e d b y t h e F e d e r a l R e s e r v e B o a r d , a n d in s t u d ie s t h e c a l c u la ti o n o f t h e in v e s t m e n t flo w s a n d t h e d e p r e c ia ti o n e s tim a t e s t h a t a r e u s e d w it h o f n a t i o n a l in c o m e , p r o d u c t , a n d w e a lth . F o r in s ta n c e , t h e p e r p e t u a l in v e n t o r y m e t h o d to d e r iv e e s tim a t e s o f t h e e s tim a te s o f c o n s u m e r d u r a b l e g o o d s p r e s e n t e d in t h e n e t s to c k s o f f ix e d a s se ts a n d c o n s u m e r d u r a b le s . th i s v o lu m e h a v e b e e n u s e d in p r e p a r i n g a l te r n a t iv e e s T h e fo u rth o f net t i m a t e s o f p e r s o n a l s a v in g s .3 S tu d ie s o f a s s e t v a l u a t i o n s to c k s o f p r iv a t e ly o w n e d a u t o m o b il e s , w h ic h a r e n o t b a s e d o n “ T o b in s - Q r a t i o ” o f te n u s e BEA’s m e a s u r e s o f b a s e d o n t h e p e r p e t u a l in v e n to r y m e t h o d . T h e f in a l c a p ita l s to c k as t h e d e n o m i n a t o r ; B E A u s e s t h e e s t i c h a p t e r e x p la in s t h e d e r i v a t i o n c h a p t e r p r o v id e s a g lo s s a r y a n d a d e t a il e d g u id e t o m a te s o f p r o d u c e d a ss e ts p r e s e n te d in th i s v o l u m e in ty p e s o f e s tim a t e s a v a ila b le in e a c h ta b le — t h a t is, th e its c a lc u la tio n o f Q r a t i o s as w e ll a s i n its c a l c u la ti o n o f c a t e g o r y o f o w n e r s h ip o r s e c to r a v a ila b le f o r d if f e r e n t t h e r a te o f r e t u r n f o r d o m e s t ic n o n f i n a n c i a l c o r p o r a t i m e p e r i o d s a n d a t d if f e r e n t v a l u a ti o n s . T h e b a la n c e t i o n s .4 T h e e s tim a t e s h a v e a lso b e e n u s e d in i n t e r n a o f th e p u b l i c a t i o n c o m p r is e s t h e ta b le s th e m s e lv e s . t i o n a l c o m p a r is o n s o f p r o f ita b ility . T h e e s tim a te s in c o r p o r a t e t h e d e f in i ti o n a l a n d s ta T h e d e p r e c ia ti o n e s tim a t e s , i n t h e f o r m of con tis tic a l im p r o v e m e n t s i n t r o d u c e d in t h e 1 9 9 9 c o m p r e s u m p t i o n o f f ix e d c a p ita l ( C F C ) , a r e a lso a n i n t e g r a l h e n s iv e r e v is i o n o f t h e n a t i o n a l in c o m e a n d p r o d u c t p a r t o f t h e N IP A s. S p e c ific a lly , C F C is a c o m p o n e n t o f a c c o u n ts ( N I P A s ), i n c lu d in g t h e r e c o g n i ti o n o f b u s i g r o s s d o m e s t ic in c o m e ( G D I ) , w h ic h m e a s u r e s o u t p u t n e s s a n d g o v e r n m e n t e x p e n d i tu r e s f o r s o f tw a r e a s i n a s t h e c o s ts i n c u r r e d a n d t h e in c o m e s e a r n e d in th e v e s tm e n t, a n e w p a t t e r n o f d e p r e c ia ti o n f o r p e r s o n a l p r o d u c t i o n o f G D P a n d is th e r e f o r e t h e e q u i v a le n t o f c o m p u te r s , a n d a n e w s e r v ic e life f o r h ig h w a y s .1 B E A G D P o n th e in c o m e s id e o f th e N a t i o n a l I n c o m e a n d a lso p r e p a r e s e s ti m a t e s o f s to c k s o f U .S . d ir e c t in v e s t P r o d u c t A c c o u n t. A s a c o s t i n c u r r e d i n t h e p r o d u c m e n t a b r o a d a n d o f f o r e ig n d i r e c t i n v e s t m e n t in t h e tio n U n it e d S ta te s t h a t a r e c o n s is te n t w it h t h e e s tim a t e s o f G DP, C F C r e f le c ts t h e u s e o f p r iv a t e a n d 2 . S ee F ix e d R e p r o d u c ib le T a n g ib le W e a lth in th e U n i te d S ta te s, 1 9 2 5 - 9 4 , p r e s e n t e d h e r e ; th e s e a r e p u b l i s h e d a n n u a l ly in t h e Ju ly ( W a s h i n g t o n , D .C : U .S . G o v e r n m e n t P r i n t i n g O f f i c e , A u g u s t 1 9 9 9 ) a n d is s u e o f t h e S u r E u g e n e P. S e s k in a n d D a v i d F. S u ll iv a n , “A n n u a l R e v is io n o f t h e N a t io n a l vey of Cur r en t B u s in e s s . I n c o m e a n d P r o d u c t A c c o u n ts : A n n u a l E s t im a te s , 1 9 9 7 - 1 9 9 9 a n d Q u a r T h e n e w d e p r e d a t i o n p a t t e r n s a r e d i s c u s s e d i n S h e lb y W . H e r m a n , t e r l y E s t im a te s , 1 9 9 7 :1 - 2 0 0 0 :1 ,” S u r v e y 8 0 ( A u g u s t 2 0 0 0 ) : 6 - 3 3 . 3. S ee M a r i a G . P e r o z e k a n d M a r s h a l l B . R e in s d o r f , “A l t e r n a ti v e M e a s u r e s “ F ix e d A s s e ts a n d C o n s u m e r D u r a b le s , ” S u r v e y o f C u r r e n t B u s i n e s s 8 0 , o f P e r s o n a l S av in g ,” S u r v e y 82, ( A p r i l 2 0 0 2 ) : 1 3 - 2 4 . ( A p r il 2 0 0 0 ) : 1 9 - 2 0 . R e v is io n s t o t h e i n v e s t m e n t d a ta a r e d i s c u s s e d in 1. E u g e n e S e sk in , “ I m p r o v e d E s t im a te s o f t h e N a t io n a l I n c o m e a n d P r o d u c t 4 . P r o p e r t y i n c o m e ’s r a t e o f r e t u r n t o c a p i t a l is c a l c u l a te d b y B E A a s t h e A c c o u n ts f o r 1 9 5 9 - 9 8 : R e s u l ts o f t h e C o m p r e h e n s i v e R e v is io n ,” S u r v e y 7 9 , r a t i o o f p r o p e r t y i n c o m e o f d o m e s t i c n o n f i n a n c i a l c o r p o r a t i o n s — t h a t is, ( D e c e m b e r 1 9 9 9 ) : 1 5 - 4 3 . R e s u lts o f t h e 1 9 9 9 c o m p r e h e n s iv e r e v is io n o f t h e t h e i r p r o f i ts f r o m c u r r e n t p r o d u c t i o n — t o t h e v a lu e o f p r o d u c e d a s se ts , N I P A s a r e p r e s e n t e d in U .S . D e p a r t m e n t o f C o m m e r c e , B u r e a u o f E c o w h i c h is t h e c u r r e n t - c o s t v a lu e o f t h e n e t s t o c k o f e q u i p m e n t a n d s o f tw a r e n o m i c A n a ly sis , N a t io n a l In c o m e a n d P r o d u c t A c c o u n ts o f th e U n i te d S ta te s, a n d o f s t r u c tu r e s , a n d t h e r e p l a c e m e n t - c o s t v a lu e o f in v e n t o r i e s . S ee D a n 1 9 2 9 -9 7 , 2 v o ls . ( W a s h i n g t o n , D .C : U .S . G o v e r n m e n t P r i n t i n g O f f ic e , S e p L a r k in s , “N o t e o n t h e P r o f i t a b i l it y o f D o m e s t ic N o n f i n a n c i a l C o r p o r a t i o n s , te m b e r 2 0 0 1). 1 9 6 0 - 2 0 0 1 ,” S u r v e y 8 2 , ( S e p t e m b e r 2 0 0 2 ) : 1 7 - 2 0 . M -2 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 g o v e r n m e n t fix e d a ss e ts lo c a te d i n t h e U n i t e d S ta te s , m o r e y e a r s. P u r c h a s e s o f c o n s u m e r d u r a b le g o o d s b y a n d is d e f in e d as t h e d e c l in e in t h e v a lu e o f th e s to c k o f p e r s o n s a r e p r e s e n t e d i n t h e N I P A s as p a r t o f p e r s o n a l a s se ts d u e to w e a r a n d te a r, o b s o le s c e n c e , a c c id e n ta l c o n s u m p tio n d a m a g e , a n d a g in g .5 C F C is u s e d in t h e c o n t e x t o f m e a w o r k o n m e a s u r i n g w e a lth is e s ti m a t e s o f in v e n t o r ie s e x p e n d i tu r e s . A n o th e r p a r t o f BEA ’s s u r i n g s u s ta in a b le in c o m e a n d p r o d u c t : I t is d e d u c t e d o w n e d b y p r iv a t e b u s in e s s . T h e c h a n g e in p r iv a t e i n f r o m G D P a n d G D I to d e riv e n e t d o m e s t ic p r o d u c t v e n to r i e s is p r e s e n te d in th e N IP A s as p a r t o f g r o s s p r i a n d n e t d o m e s t ic in c o m e — r o u g h m e a s u r e s o f t h e lev el v a te d o m e s t ic in v e s t m e n t; e s ti m a t e s o f t h e s to c k s o f o f c o n s u m p t i o n t h a t c a n b e m a i n t a i n e d w h ile le a v in g p r iv a te in v e n to r ie s a lso a p p e a r in s e le c te d N IP A t a c a p i ta l a ss e ts in t a c t. S im ila r ly , C F C is d e d u c t e d f r o m b le s .7 t h e a p p r o p r i a t e N I P A g r o s s in v e s t m e n t flo w s to o b ta in E s tim a te s o f d e p r e c i a t i o n f o r p r iv a t e b u s in e s s a n d n e t i n v e s t m e n t in fix e d a s se ts f o r th e to t a l e c o n o m y , f o r g o v e r n m e n t p r e s e n t e d in th i s p u b l i c a t i o n a r e g e n e r a lly p r iv a t e b u s in e s s , a n d f o r g o v e r n m e n t. T h e s e m e a s u r e s o f n e t in v e s t m e n t a r e r o u g h in d i c a to r s o f w h e t h e r th e th e s a m e as t h e C F C e s tim a te s p r e s e n te d as a c o m p o n e n t o f G D I i n t h e N IP A s. F o r p r iv a t e b u s in e s s , t h e tw o c o r r e s p o n d i n g c a p ita l s to c k s h a v e b e e n m a i n t a i n e d i n a r e id e n tic a l. H o w e v e r , t h e a d j u s t m e n t s m a d e t o g e n ta c t. e r a l g o v e r n m e n t c a p ita l f o r c a t a s tr o p h ic lo s s e s a r e n o t A d d itio n a lly , th e c u rre n t-c o s t d e p re c ia tio n e s ti in c lu d e d in N IP A C F C b e c a u s e g e n e r a l g o v e r n m e n t m a te s f o r p r iv a t e f ix e d a ss e ts a r e u s e d to d e r iv e th e o u t p u t is m e a s u r e d b y a d d i n g u p c o s ts in c lu d in g C F C ; N I P A e s tim a te s o f c a p i ta l c o n s u m p t i o n a d j u s t m e n t th e in c lu s io n o f th e s e lo s se s w o u ld c a u s e g o v e r n m e n t ( C C A d j) , w h i c h in t u r n a r e u s e d to e s ti m a t e N I P A e s ti o u t p u t t o in c r e a s e .8 E x c e p t d u r i n g w a r tim e s , th e s e d if m a te s o f c o r p o r a t e p r o f it s a n d t h e in c o m e o f o t h e r f e r e n c e s a r e m i n o r a n d t h e te r m s a r e u s e d s y n o n y ty p e s o f b u s in e s s .6 m o u s ly in th i s p u b l i c a t i o n .9 T h e N I P A C F C e s tim a te s Relationship to the National Income and Product Accounts e x c lu d e t h e d e p r e c ia ti o n o f c o n s u m e r d u r a b le s , b e c a u s e p u r c h a s e s o f c o n s u m e r d u r a b le s a r e n o t t r e a te d as i n v e s t m e n t i n th e N IP A s. T h e e s tim a t e s p r e s e n t e d in th is p u b l i c a t i o n a r e p a r t o f C h a n g e s in t h e s to c k o f fix e d a s se ts a n d p r iv a t e i n BEA ’s w o r k o n m e a s u r i n g th e w e a lth o f th e N a ti o n . v e n to r ie s a r e p r e s e n t e d t o g e t h e r in N IP A t a b le 5 .1 6 to F ix e d a s se ts a r e p r o d u c e d a s se ts t h a t a r e u s e d r e p e a t p r o v id e a n in t e g r a t e d a n a ly s is o f th e c h a n g e s in th e n e t ed ly , o r c o n t in u o u s ly , in p r o c e s s e s o f p r o d u c t i o n f o r s to c k o f p r o d u c e d a ss e ts ( e x c lu d in g c o n s u m e r d u r a m o r e t h a n o n e y e a r. ( P r o d u c e d a ss e ts a r e n o n f i n a n c i a l b le s ) — t h a t is, f ix e d a s se ts a n d p r iv a t e in v e n to r ie s — a ss e ts t h a t h a v e c o m e i n t o e x is te n c e a s o u t p u t s f r o m a f r o m o p e n i n g t o c lo s in g b a la n c e s h e e ts . T h e ta b le fu lly p r o d u c t i o n p r o c e s s .) T h e a c q u i s i ti o n o f f ix e d a s s e ts b y a c c o u n ts f o r c h a n g e s in t h e n e t s to c k o f p r o d u c e d a s p r iv a t e b u s in e s s is p r e s e n t e d in t h e N I P A s as p a r t o f s e ts e x c l u d in g g r o s s p r i v a t e d o m e s t ic in v e s t m e n t. T h e a c q u i s i ti o n o f s o u r c e s o f c h a n g e — i n v e s t m e n t in fix e d a ss e ts a n d in c o n s u m e r d u r a b le s b y s h o w in g th e f ix e d a ss e ts b y g o v e r n m e n t is p r e s e n t e d as p a r t o f g o v in v e n to r ie s , s to c k r e c o n c il i a ti o n a d j u s t m e n t s , d e p r e c i e r n m e n t c o n s u m p t i o n e x p e n d i tu r e s a n d g r o s s in v e s t a t io n , c a t a s tr o p h ic lo s s e s , a n d n o m i n a l a n d r e a l h o l d m e n t. in g g a in s — a n d h o w e a c h o f th e s e f a c to r s a f fe c ts th e C onsum er d u ra b le goods a re ta n g ib le c o m m o d itie s p u rc h a s e d b y c o n s u m e rs th a t c a n b e u s e d a n n u a l c h a n g e i n t h e n e t s to c k o f p r o d u c e d a s se ts v a l r e p e a te d ly a n d c o n t i n u o u s l y o v e r a p e r i o d o f t h r e e o r u e d a t c u r r e n t c o st. 5 . F o r m i l i t a r y f a c ilitie s a n d U .S . e m b a s s ie s a b r o a d , t h e l o c a t io n s o f a s s e ts a r e w o r ld w id e . 7. E s t im a te s o f t h e s t o c k o f p r i v a t e i n v e n t o r i e s a p p e a r in ta b le s 5 .1 2 a n d 6. F o r c o r p o r a t i o n s a n d n o n f a r m s o le p r o p r i e t o r s h i p s a n d p a r t n e r s h i p s , 5 .1 3 i n N a t io n a l In c o m e a n d P r o d u c t A c c o u n ts o f th e U n ite d S ta te s, 1 9 2 9 -9 7 , t h e C C A d j is t h e d i f f e r e n c e b e tw e e n t a x - r e t u r n - b a s e d c a p i t a l c o n s u m p t i o n f o r 1 9 4 7 - 9 7 , a n d in t h e s a m e ta b le s in t h e A u g u s t iss u e s o f t h e S u r v e y f o r e s t im a te s a n d t h e C F C . T h e C C A d j r e s ta t e s t h e t a x - r e t u r n - b a s e d m e a s u r e s s u b s e q u e n t y e a r s . C u r r e n t e s t im a te s o f t h e s to c k o f p r i v a t e i n v e n to r ie s t o b e c o n s i s t e n t w i t h t h e N I P A c o n c e p t o f p r o f i ts f r o m c u r r e n t p r o d u c t i o n . a p p e a r in t h e “ S e l e c t e d N I P A T a b le s ” in e a c h is s u e o f t h e S u r v e y . A s a v a il F o r f a r m so le p r o p r i e t o r s h i p s a n d p a r t n e r s h i p s a n d f o r o t h e r p r i v a t e b u s i a b le d a ta a r e i n s u f f i c i e n t f o r p r e p a r i n g e s t im a te s o f in v e s tm e n t in i n v e n t o n e s s , t h e C C A d j is t h e d i f f e r e n c e b e tw e e n tw o c a p i t a l c o n s u m p t i o n m e a r i e s b y g o v e r n m e n t, t h e c h a n g e i n g o v e r n m e n t in v e n t o r i e s is t r e a t e d a s p a r t s u r e s v a lu e d o n t h e b a s is o f B E A ’s d e p r e c i a t i o n s c h e d u l e s — o n e a t h i s t o r ic a l o f g o v e r n m e n t c o n s u m p tio n e x p e n d itu re s. c o s t a n d t h e o t h e r a t c u r r e n t c o s t . ( T h e i n d u s t r y d e p r e c i a t i o n e s t im a te s in 8. N o t e t h a t in t h e N IP A s, t h e s e r v i c e s o f g e n e r a l g o v e r n m e n t fix e d a s se ts t h i s p u b l i c a t i o n a r e n o t a p p r o p r i a t e f o r d e r iv i n g i n d u s t r y e s t im a te s o f t h e a r e e s t im a te d to b e e q u a l t o C F C . T h is d o e s n o t p r o v i d e a n e s t im a te o f th e C C A d j f o r u s e in t h e N I P A s b e c a u s e t h e t a x - r e t u r n - b a s e d N I P A e s t im a te s o f f u ll v a lu e o f th e s e s e r v ic e s b e c a u s e t h e n e t r e t u r n o n t h e u n d e r l y i n g a s s e ts is b u s i n e s s i n c o m e a n d o f d e p r e c i a t i o n a r e c o m p i l e d o n a c o m p a n y b a s is , w h il e t h e d e p r e c i a t i o n e s t im a te s a s s o c ia te d w i t h t h e s t o c k e s t im a te s a r e v ie w o f t h e C o m p r e h e n s i v e R e v is io n o f t h e N a t io n a l I n c o m e a n d P r o d u c t c o m p i l e d o n a n e s t a b l i s h m e n t b a s is .) T a b le 8 .1 5 in t h e N I P A s p r e s e n t s t h e C C A d j b y le g a l f o r m o f o r g a n iz a t i o n , a n d t h e c o r r e s p o n d i n g e s t im a te s o f C F C a r e s h o w n in ta b l e 8 .1 4 .T h e e s t i m a t e s o f C F C f o r n o n p r o f i t i n s t i t u t i o n s s e r v i n g h o u s e h o l d s t h a t a p p e a r in ta b l e 8 .1 4 a r e a ls o r e c o r d e d a s p a r t o f p e r s o n a l c o n s u m p t i o n e x p e n d i t u r e s . n o t i n c l u d e d i n t h is m e a s u r e . S ee R o b e r t P. P a r k e r a n d J a c k E. T r ip le tt, “ P r e A c c o u n t s : R e c o g n i t io n o f t h e G o v e r n m e n t I n v e s t m e n t a n d I n c o r p o r a t i o n o f a N e w M e t h o d o l o g y f o r C a lc u l a t in g D e p r e c i a t i o n ,” S u r v e y 7 5 ( S e p t e m b e r 1 9 9 5 ) : 36. 9. S ee S h e lb y W . H e r m a n , “ F ix e d A s s e ts a n d C o n s u m e r D u r a b le s , ” S u r v e y , 8 0 ( A p r il 2 0 0 0 ) : 1 7 - 3 0 . Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -3 Other stock measures as “v e r y r o u g h m e a s u r e s o v e r t i m e ” o f p u b li c p h y s ic a l A lte r n a tiv e m e a s u r e s o f t h e N a t i o n ’s c a p i ta l s to c k o r o f c a p ita l, r e s e a r c h a n d d e v e l o p m e n t , a n d e d u c a t i o n f i th e s e r v ic e s t h a t it p r o v id e s a r e e s t i m a t e d b y o t h e r g o v n a n c e d b y th e F e d e r a l G o v e r n m e n t .12 T h e O M B e s t i e rn m e n t m a te s d if f e r f r o m th o s e p r e s e n t e d h e r e b o t h in t e r m s o f a g e n c ie s . T h e B u rea u o f L a b o r S ta tis tic s (B L S ) e s tim a te s a c a p ita l s e r v ic e s in d e x , a n d c o r r e c o v erag e s p o n d i n g p r o d u c ti v e c a p ita l s to c k , t h a t is u s e d as a w h ile O M B ’s e s tim a t e s o f p u b l i c p h y s ic a l c a p i ta l a r e and u n d e rly in g so u rce d ata. S p e c ific a lly , m e a s u r e o f c a p ita l i n p u t in t h e e s t i m a t i o n o f m u l t i f a c s im ila r t o BEA’s e s tim a t e s o f g o v e r n m e n t f ix e d a s se ts , t o r p r o d u c t i v i t y .10 T h e m e a s u r e o f c a p ita l s e r v ic e s is O M B a lso p r e s e n ts e s tim a t e s o f r e s e a r c h a n d d e v e l o p d e s ig n e d to m e a s u r e t h e f lo w o f s e r v ic e s p r o v id e d b y m e n t c a p ita l a n d e d u c a t i o n c a p ita l. L ik e w ise , w h ile t h e c a p ita l a ss e ts in t h e p r o d u c t i o n p r o c e s s , s i m i la r to th e c o v e r a g e o f O M B ’s e s ti m a t e s o f “d i r e c t f e d e r a l c a p i t a l ” f lo w o f l a b o r h o u r s . T h e BLS is n o t a b le to u s e a d ir e c t is s i m i la r to t h a t o f t h e e s tim a t e s o f F e d e r a l G o v e r n m e a s u r e o f th e s e s e r v ic e s b e c a u s e c o m p a n ie s o w n , m e n t s to c k s in th i s p u b l i c a t i o n , O M B ’s e s ti m a t e s o f r a t h e r t h a n r e n t, m o s t o f t h e c a p ita l a s se ts t h a t th e y “ f e d e r a lly f i n a n c e d p h y s ic a l c a p i t a l ” a ls o i n c lu d e “c a p i u s e . I n s te a d , t h e B LS e s tim a te s t h e c a p i ta l s e r v ic e flo w ta l f in a n c e d b y F e d e r a l g r a n ts ,” s u c h as h ig h w a y c o n f r o m h is to r i c a l d a t a o n in v e s t m e n t , f r o m e s tim a t e s o f s tru c tio n t h e r a te s o f d e t e r i o r a t i o n a n d d e p r e c i a t i o n o f c a p ita l, w h e r e t h e c o v e r a g e is t h e s a m e , O M B ’s e s ti m a t e s d iff e r a n d f r o m in c o m e d a t a o f f ir m s u ti li z in g c a p ita l. A l s o m e w h a t f r o m BEA ’s e s ti m a t e s b e c a u s e o f d if f e r e n c e s t h o u g h BLS u s e s f o r m u l a s f o r d e t e r i o r a t i o n t h a t a r e in s o u r c e s a n d m e t h o d s . F o r in s ta n c e , O M B u s e s its n o t s t r ic tl y c o n s is te n t w it h f o r m u l a s u s e d b y B E A f o r o w n f is c a l- y e a r h is to r i c a l i n v e s t m e n t d a t a , w h ic h d if f e r d e p r e c ia ti o n , th e in v e s t m e n t, in c o m e , a n d s e r v ic e -lif e s o m e w h a t f r o m t h e i n v e s t m e n t d a t a u n d e r l y i n g BEA ’s d a t a u s e d b y BLS a r e r o u g h ly s im i la r to t h e e s tim a te s e s tim a te s . A d d itio n a lly , t h e O M B e s ti m a t e s a r e p r e p r e s e n t e d b y B E A , r e s u lt in g in d e p r e c i a t i o n r a te s t h a t p a r e d a t a m o r e a g g r e g a te d le v e l o f d e ta il. F o r e x a m p le , a r e g e n e r a lly c o n s is te n t w it h BEA’s e s t i m a t e s .11 d e f e n s e e q u i p m e n t is a s in g le c a te g o r y in t h e O M B e s T h e O f fic e o f M a n a g e m e n t a n d B u d g e t ( O M B ) , as p a r t o f its a n n u a l f e d e r a l b u d g e t p r e s e n t a t i o n s to th e P r e s id e n t, p rep ares e s tim a te s f in a n c e d by F e d e ra l g ra n ts -in -a id . E ven ti m a t e s , w h ile BEA’s e s tim a t e s o f d e f e n s e e q u i p m e n t c o n s is t o f a b o u t 8 0 s u b - c a te g o r ie s . o f f e d e r a lly - f in a n c e d c a p ita l s to c k s. T h e s e e s tim a t e s a r e d e s c r ib e d b y O M B 12. O f f ic e o f M a n a g e m e n t a n d B u d g e t, “ F e d e r a l I n v e s t m e n t S p e n d i n g a n d C a p it a l B u d g e tin g ,” A n a ly t ic a l P ersp e ctiv e s, B u d g e t o f th e U n it e d S ta te s G o v e r n m e n t, F isca l Y e a r 2 0 0 3 ( W a s h i n g t o n , D .C .: U .S . G o v e r n m e n t P r i n t i n g 10. F o r t h o s e f ix e d a s s e ts d e p r e c ia t e d w i t h a g e o m e t r i c r a te , t h e r e is n o O f f ic e , 2 0 0 2 ) . d if f e r e n c e b e tw e e n t h e w e a l th s t o c k a n d t h e p r o d u c t i v e s to c k ; h o w e v e r , BLS p r o d u c ti v e s to c k s a r e d i f f e r e n t f r o m B E A ’s w e a l t h s to c k s , a s t h e y u s e a d i f f e r e n t d e p r e c i a t i o n p a t t e r n . F o r e x a m p le , t h e B L S p r o d u c ti v e s to c k s f o r e a c h t y p e o f a s s e t a r e b a s e d o n e s t im a te s o f h o w c a p it a l s e r v ic e f lo w s o f v a r i o u s v i n ta g e s “ d e t e r i o r a t e ” a s t h e a s s e t a g e s . T h e s e m e a s u r e s a r e t h e n a g g r e g a te d i n t o in d e x e s o f c a p i t a l i n p u t s u s i n g w e ig h t s b a s e d o n t h e i m p l i c i t r e n ta l p r i c e s f o r e a c h t y p e o f a s se t. T h e s e c a p i t a l i n p u t in d e x e s a r e u s e d f o r p r o d u c t i v i t y s t u d i e s , s u c h a s t h o s e c o n d u c t e d b y t h e B L S. C a p it a l i n p u t i n d e x e s c o n s t r u c t e d i n a s i m il a r w a y a r e u s e d i n s t u d i e s b y E d w a r d F. D e n i s o n , J o h n W . K e n d r i c k , a n d D a le W . J o r g e n s o n . F o r a n e x p l a n a t i o n o f t h e d if f e r e n c e b e t w e e n p r o d u c t i v e c a p i t a l s t o c k a n d w e a l t h s to c k , s e e Ja c k E. T r i p l e tt , “ D e p r e c i a t i o n i n P r o d u c t i o n A n a ly sis a n d i n I n c o m e a n d W e a l th A c c o u n ts : R e s o l u ti o n o f a n O l d D e b a t e , ” E c o n o m ic I n q u i r y 3 4 ( J a n u a r y 1 9 9 6 ): 9 3 - 1 1 5 . 11. S e e E d w i n R . D e a n a n d M i c h a e l J. H a r p e r , “ T h e B L S P r o d u c t iv i t y M e a s u r e m e n t P r o g r a m ,” i n N e w D e v e lo p m e n ts in P r o d u c tiv ity A n a ly s is , C h a r le s R . H u l t e n , E d w in R . D e a n , a n d M i c h a e l J. H a r p e r ( e d s .) , ( C h ic a g o a n d L o n d o n , U n iv e r s i ty o f C h i c a g o P r e s s , 2 0 0 1 ) : 5 5 - 8 4 . Data Availability A ggregate estim ates— v alu ed a t c u r re n t cost, h is to r i cal cost, a n d real co st (c h a in e d d o lla rs)— a n d ch a in ty p e q u a n tity indexes o f n e t stocks, d e p re c ia tio n , a n d in v e stm e n t are available o n BEA’s W eb site a t w w w .bea.gov. D etailed estim ates— v a lu e d a t c u rr e n t cost, h isto rical cost, a n d real-co st— a n d c h a in -ty p e q u a n tity indexes, b y in d u s tr y a n d b y ty p e o f asset, are also available o n th e se W eb sites. All o f th e se e sti m a tes are also available o n C D -R O M ( N C N - 0 3 1 4 ) u p o n request. Please call th e BEA O r d e r D esk a t 1 -8 0 0 -7 0 4 -0 4 1 5 . Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -5 Concept s and M et hodologies W e a lth , in th e b r o a d e s t s e n s e , c o n s is ts o f a s se ts t h a t w e i g h t f o r e a c h a g e is b a s e d o n t h e p r o p o r t i o n o f its p r o v id e t h e c a p a c ity to p r o d u c e o u t p u t a n d in c o m e . v a lu e as p a r t o f t h e to t a l n e t s to c k . T h e c o m p o n e n t s o f t h e N a t i o n ’s w e a lth t h a t a r e m e a s u r e d in th i s p u b l i c a t i o n a r e fix e d a ss e ts ( e q u i p m e n t , Classification conventions s o f tw a r e , a n d s t r u c t u r e s , i n c lu d in g o w n e r - o c c u p ie d T h e e s tim a t e s in h o u s in g ) o w n e d b y p r iv a t e b u s in e s s a n d n o n p r o f i t i n o w n e r . I n g e n e r a l, d a t a l i m i t a t i o n s r e q u i r e t h e a s s u m p s titu tio n s goods t i o n t h a t a s se ts r e m a in , t h r o u g h o u t t h e i r liv es, in t h e BEA ’s f e a t u r e d m e a s u r e o f t h e n a t i o n ’s f ix e d n o n f i- t i o n t h a t o r ig in a lly p u r c h a s e d th e m . H o w e v e r, t h e e s ti or by g o v e r n m e n ts , and d u ra b le o w n e d b y c o n s u m e r s .13 th is p u b l i c a t i o n a r e c la s s if ie d b y s to c k o f th e s e c to r , in d u s tr y , o r le g a l f o r m o f o r g a n i z a n a n c i a l w e a lth is t h e n e t s to c k o f fix e d a ss e ts a n d c o n m a te s d o r e f le c t n e t p u r c h a s e s o f u s e d a ss e ts a m o n g s u m e r d u r a b le s . C o n c e p tu a lly , th e n e t s to c k e s tim a te s s e c to r s f o r c e r t a i n ty p e s o f a s s e ts w h e r e d a t a a r e a v a il r e p r e s e n t t h e v a lu e r e m a i n i n g i n t h e c a p ita l s to c k a f te r a b le , in c lu d in g u s e d a u t o s s o ld b y p r iv a t e b u s in e s s to d e p r e c ia ti n g t h e a s se ts u s in g BEA’s a s s u m e d d e p r e c ia c o n s u m e rs , e x p o rte d t i o n p a t t e r n s . 14 s u r p l u s a s se ts s o ld to p r iv a t e b u s in e s s , p r iv a t e ly - o w n e d D e p r e c i a ti o n is d e f in e d as t h e d e c lin e i n t h e v a lu e o f t h e s to c k o f a ss e ts d u e to w e a r a n d te a r , o b s o le s c e n c e , a c c id e n ta l d a m a g e , a n d a g in g . F o r m o s t ty p e s o f a s s e ts , used e q u ip m e n t, g o v e rn m e n t p u b li c u tilit ie s p u r c h a s e d b y g o v e r n m e n t, a n d f a r m h o u s i n g s h if te d t o n o n f a r m u s e .16 F ix e d a s se ts h e l d u n d e r o p e r a t i n g le a se s a r e r e BEA’s e s tim a t e s o f d e p r e c i a t i o n a r e b a s e d o n g e o m e tr ic c o r d e d in t h e s to c k o f t h e le s s o r ( o w n e r ) r a t h e r t h a n in d e p r e c ia ti o n p a t t e r n s , w h ic h a r e s u p p o r t e d b y e m p i r i t h a t o f t h e le sse e ( u s e r ) in o r d e r to b e c o n s is te n t w it h ca l s tu d ie s o f t h e p r ic e s o f u s e d e q u i p m e n t a n d s t r u c t h e N I P A m e a s u r e s o f p r o d u c t a n d in c o m e b y in d u s tr y . t u r e s in r e s a le m a r k e t s .15 A ss e ts h e l d u n d e r o t h e r le a s e s ( t h a t is, c a p ita l le a s e s) I n a d d i t i o n to e s tim a t e s o f n e t s to c k s a n d d e p r e c ia t i o n a n d t h e a s s o c ia t e d in v e s t m e n t flo w s, th i s v o lu m e a r e r e c o r d e d in t h e s t o c k o f t h e le ss e e b e c a u s e t h e le ss e e h a s e ffe c tiv e o w n e r s h ip o f t h e m . 17 p r o v id e s e s tim a te s o f t h e a v e ra g e a g e o f th e a ss e ts r e F o r p r iv a t e f ix e d a s se ts , e s tim a t e s b y i n d u s t r y a r e m a i n i n g in s to c k a f te r b e i n g d e p r e c ia te d . T h e a v e r a g e c la s s if ie d a c c o r d in g to t h e 1 9 8 7 S t a n d a r d I n d u s t r i a l ag e is d e r iv e d a s t h e w e ig h te d a v e r a g e o f t h e ag es o f a ll C la s s if ic a tio n ( S I C ) , w h ic h g r o u p s e s ta b l is h m e n t s i n t o d e p r e c ia te d in v e s t m e n t i n t h e s to c k as o f y e a r e n d . T h e in d u s t r i e s o n t h e b a s is o f t h e i r p r i n c i p a l p r o d u c t o r 13. S o m e w e a l t h s t u d i e s h a v e a ls o i n c l u d e d h u m a n c a p it a l a n d l a n d . F o r 15. T h e b a s i s f o r BEA ’s m e t h o d o l o g y is d e s c r i b e d i n B a r b a r a M . F r a u e x a m p l e , se e J o h n W . K e n d r i c k , T h e F o r m a t io n a n d S to c k s o f T o ta l C a p i ta l m e n i , “ T h e M e a s u r e m e n t o f D e p r e d a t i o n i n t h e U .S . N a t i o n a l I n c o m e a n d ( N e w Y o rk , N Y : C o l u m b i a U n i v e r s i ty P r e s s , f o r t h e N a t io n a l B u r e a u o f E c o P r o d u c t A c c o u n t s ,” S u r v e y 7 7 ( J u l y 1 9 9 7 ): 7 - 2 3 . T h e g e o m e t r i c r a te s a r e n o m i c R e s e a r c h , 1 9 7 6 ) a n d R o b e r t E is n e r , T h e T o ta l In c o m e s S y s te m o f b a s e d o n s t u d ie s b y H u l t e n a n d W y k o f f. S e e f o r e x a m p l e F r a n k C . W y k o f f A c c o u n ts ( C h i c a g o , 1L: T h e U n i v e r s i ty o f C h i c a g o P r e ss , 1 9 8 9 ) . a n d C h a r le s R . H u l t e n , “ T a x a n d E c o n o m i c D e p r e c i a t i o n o f t h e U .S . C a p it a l 14. O n e o f t h e i m p r o v e m e n t s t o B E A ’s w e a l th e s t im a te s m a d e i n t h e 199 5 S to c k : A F ir s t S tep ,” W a s h in g t o n D .C .: U .S . D e p a r t m e n t o f t h e T r e a s u r y , c o m p r e h e n s iv e r e v is io n o f t h e N I P A s in v o lv e s th e u s e o f g e o m e t r i c d e p r e c i O f f ic e o f T a x A n a ly sis , J u ly 1 9 7 9 . I n c o m p a r i s o n , t h e B L S p r o d u c t i v e s to c k s a t i o n r a te s d e r iv e d f r o m e m p i r i c a l s t u d i e s i n s t e a d o f t h e u s e o f t h e s t r a ig h t - f o r e a c h t y p e o f a s s e t a r e b a s e d o n e s t im a te s o f h o w c a p i t a l s e r v ic e f lo w s o f l in e m e t h o d . W i t h t h e p r e v i o u s m e t h o d o l o g y , a ll a s s e ts w e r e f u lly d e p r e c i v a r i o u s v i n ta g e s “d e t e r i o r a t e ” a s t h e a s s e t a g e s . T h e s e m e a s u r e s a r e t h e n a te d a t t h e e n d o f t h e i r ( f in ite ) s e r v ic e s liv e s. T h is m e t h o d o f d e p r e c ia t io n a g g r e g a te d i n t o i n d e x e s o f c a p i ta l i n p u t s u s i n g w e i g h ts b a s e d o n t h e a llo w e d B E A t o p r e p a r e t w o o t h e r “ w e a l th ” m e a s u r e s — g r o s s s to c k s , w h ic h i m p l i c i t r e n t a l p r ic e s f o r e a c h t y p e o f a s se t. T h e s e c a p it a l i n p u t i n d e x e s a r e is t h e v a lu e o f t h e s t o c k o f f ix e d a s se ts a n d c o n s u m e r d u r a b le s b e f o r e th e u s e d f o r p r o d u c t i v i t y s t u d i e s , s u c h a s t h o s e c o n d u c t e d b y t h e B L S. C a p it a l d e d u c t i o n o f d e p r e c ia t io n , a n d “ d i s c a r d s ,” w h i c h is t h e g r o s s v a lu e o f t h e i n p u t in d e x e s c o n s t r u c t e d in a s i m il a r w a y a r e u s e d i n s t u d i e s b y E d w a r d F. i n v e s tm e n t t h a t is r e ti r e d . B E A n o l o n g e r p r o d u c e s e s t im a te s o f t h e s e tw o D e n i s o n , J o h n W . K e n d r i c k , a n d D a le W . J o r g e n s o n . m e a s u r e s b e c a u s e , i n u s i n g g e o m e t r i c d e p r e c i a t i o n r a te s , a t le a s t s o m e a s s e ts i n e a c h v i n ta g e o f t h e s t o c k h a v e i n f in i t e s e r v ic e liv e s a n d a r e n e v e r 16. N e t p u r c h a s e s o f u s e d a s s e ts a r e v a lu e d a t a c q u i s i t i o n c o s t les s a c c u m u l a t e d d e p r e c ia t io n . f u lly d e p r e c ia t e d . F o r a m o r e c o m p l e te d i s c u s s i o n o f th e s e im p r o v e m e n t s , 17. O p e r a t i n g le a se s a r e c h ie f ly d i s t i n g u i s h e d f r o m c a p i t a l le a se s i n t h a t s e e B a r b a r a M . F r a u m e n i , “ T h e M e a s u r e m e n t o f D e p r e c i a t i o n i n t h e U .S . t h e n e t p r e s e n t v a lu e o f t h e p a y m e n t s d u r i n g t h e e n t i r e l e a s e p e r i o d is g e n N a t io n a l I n c o m e a n d P r o d u c t A c c o u n ts , S u r v e y 7 7 ( J u ly 1 9 9 7 ): 7 - 2 3 , a n d e r a lly le s s t h a n t h e c o s t o f t h e a s s e t. E s t im a te s o f n e t s to c k s t h a t c la ss if y A r n o l d J. K a tz a n d S h e lb y H e r m a n , “ I m p r o v e d E s t im a te s o f F ix e d R e p r o le a s e d a s s e ts i n t h e i n d u s t r y o f t h e u s e r m a y b e p r e f e r a b le , b u t t h e d a t a n e c d u c ib l e T a n g ib le W e a l th , 1 9 2 9 - 9 5 , ” S u r v e y 7 7 ( M a y 1 9 9 7 ) : 6 9 - 8 9 . e s s a r y to d e r iv e s u c h e s t im a te s a r e n o t a v a ila b le . Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -6 s e r v ic e .18 T h e s e i n d u s t r y e s tim a te s a r e f o r e s ta b lis h ta il is g r e a t e r t h a n t h a t p u b l i s h e d in t h e N I P A ta b le s . m e n t s r a t h e r t h a n c o m p a n ie s . A n e s ta b l is h m e n t is a n F o r e a c h ty p e o f g o o d , t h e p e r p e t u a l in v e n t o r y e c o n o m ic u n i t , g e n e r a lly a t a s in g le p h y s ic a l lo c a ti o n , m e t h o d c a lc u la te s t h e n e t s to c k in e a c h y e a r as th e w h e r e b u s in e s s is c o n d u c t e d o r w h e r e s e r v ic e s o r i n c u m u la tiv e v a lu e o f g r o s s i n v e s t m e n t t h r o u g h t h a t d u s t r i a l o p e r a t i o n s a r e p e r f o r m e d . A c o m p a n y c o n s is ts y e a r — in c lu d in g b o t h n e w in v e s t m e n t a n d n e t p u r o f o n e o r m o r e e s ta b l is h m e n t s o w n e d b y t h e s a m e le g a l c h a s e s o f u s e d a ss e ts— le ss th e c u m u la tiv e v a lu e o f d e e n t i t y o r g r o u p o f a f f ilia te d e n titie s . M o s t s o u r c e d a ta p re c ia tio n a r e c o lle c te d a t t h e e s ta b l i s h m e n t lev el. W h e r e s o u r c e c a l c u la tio n s a r e p e r f o r m e d a t t h e ty p e - o f - a s s e t le v e l o f d a t a a r e c o lle c te d a t t h e c o m p a n y le v e l, t h o s e c o m p a d e ta il. F o r c u r r e n t - a n d r e a l- c o s t e s tim a te s , th e s e d e n ie s a r e c la ss ifie d i n t o a s in g le S IC i n d u s t r y b a s e d o n ta ile d e s tim a te s a r e in i tia lly c o n s t r u c t e d in c o n s t a n t - t h e p r i n c i p a l S IC i n d u s t r y o f a ll t h e i r e s ta b l is h m e n ts . d o ll a r te r m s a n d r e w e ig h te d a n d a g g r e g a te d u s in g th e B e c a u s e la rg e c o m p a n ie s o f te n o w n e s ta b l is h m e n t s a p p r o p r i a t e p r ic e s a s d e s c r ib e d in t h e s e c tio n o n “ V al t h a t a r e c la s s if ie d in d if f e r e n t S IC in d u s t r i e s , t h e i n d u s u a t i o n ” b e lo w . F o r h is to r i c a l- c o s t e s tim a te s , t h e d e tr i a l d i s t r i b u t i o n s o f in v e s t m e n t , fix e d a s se ts, a n d c a p i ta ile d e s ti m a t e s a r e c o n s t r u c t e d in c u r r e n t - d o l l a r te r m s ta l a n d a g g r e g a te s a r e o b t a i n e d b y d ir e c tl y s u m m i n g th e c o n s u m p tio n fo r e s ta b l is h m e n t s c o u ld be s ig n i f i c a n tly d if f e r e n t f r o m th e a n a l o g o u s i n d u s t r i a l d i s t r i b u t i o n s f o r c o m p a n ie s . th r o u g h th a t y ear. In g e n e r a l, th e d e t a ile d e s tim a te s . Investment. T h e e s tim a te s o f in v e s t m e n t u n d e r l y F o r r e s id e n t ia l a s se ts , e a c h d w e llin g is c o n s id e r e d to in g t h e e s tim a t e s o f n e t s to c k s a r e d e v e l o p e d to b e c o n b e a n e s ta b l is h m e n t : F a r m d w e llin g s o w n e d b y f a r m c e p t u a lly a n d s ta tis ti c a lly c o n s is te n t w it h t h e N I P A o p e r a t o r s a r e c la s s if ie d in t h e f a r m s in d u s tr y , a n d all e s tim a te s o f i n v e s t m e n t as w e ll a s w i t h t h e c la s s ific a o t h e r d w e llin g s a r e c la s s if ie d in t h e r e a l e s ta te in d u s tr y . ti o n s o f t h e S IC . T o e n s u r e th i s c o n s is te n c y , B E A d e r iv e s its e s tim a te s of in v e s t m e n t to m eet th r e e Overview of the estimating methodology r e q u ir e m e n t s : F ir s t, f o r e a c h a s s e t, n e w in v e s t m e n t T h e r e a r e tw o b a s ic m e t h o d s f o r m e a s u r i n g n e t s to c k s . s u m m e d a c r o s s a ll i n d u s t r i e s e q u a ls t h e N I P A e s tim a t e T h e p h y s ic a l i n v e n t o r y m e t h o d a p p lie s in d e p e n d e n t l y o f t o t a l i n v e s t m e n t in t h a t a s s e t. S e c o n d , i n d u s t r i e s a re e s ti m a t e d p r ic e s t o a d ir e c t c o u n t o f t h e n u m b e r o f c la s s ifie d o n a n e s ta b l i s h m e n t b a s is . F in a lly , a ss e ts a re p h y s ic a l u n i t s o f e a c h ty p e o f a s se t. T h e p e r p e t u a l i n c la s s ifie d i n t h e i n d u s t r y t h a t p u r c h a s e s th e m . v e n t o r y m e t h o d c u m u la te s p a s t i n v e s t m e n t flo w s to i n T h e e s tim a te s o f i n v e s t m e n t i n n e w a s se ts a n d o f n e t d ir e c tly e s ti m a t e t h e v a lu e o f t h e s to c k . (T o s im p lif y th e p u r c h a s e s o f u s e d a ss e ts a r e d e r iv e d f r o m a c o m b i n a e x p o s it io n , in th i s p u b l i c a t i o n th e t e r m s “ i n v e s t m e n t ” tio n o f N IPA d a ta a n d in d u s tr y d a ta . T h e se d a ta are o r “f ix e d i n v e s t m e n t ” d e n o t e a n y a d d i t i o n to t h e n e t r e c o n c ile d to b e c o n s is te n t w i t h N I P A to ta ls a n d m o d i s to c k s o f f ix e d a s se ts a n d c o n s u m e r d u r a b le s .) T h e f ie d to b e c o n s is te n t w it h e s ta b l is h m e n t - b a s e d i n d u s p h y s ic a l i n v e n t o r y m e t h o d is m o r e d ir e c t, b u t is u s e d t r y c la s s if ic a tio n s a n d o w n e r s h i p . T h e s e e s tim a te s a re o n ly f o r a u t o s b e c a u s e t h e y a r e t h e o n ly ty p e o f a s se t d e s c r ib e d i n d e t a il i n t h e c h a p t e r o n “ D e r iv a t io n o f I n f o r w h i c h d e t a ile d d a t a o n th e p r ic e s a n d n u m b e r o f v e s tm e n t E s tim a te s .” u n i t s o f u s e d a s s e ts in t h e s to c k o f e a c h v in t a g e is a v a il Depreciation. B E A a s s u m e s m o s t a s s e ts h a v e d e p r e a b le ( f r o m r e g i s t r a t i o n d a t a ) . F o r a ll o t h e r a s se ts , th e c i a ti o n p a t t e r n s t h a t d e c l in e g e o m e tr ic a lly o v e r tim e . p e r p e t u a l in v e n t o r y m e t h o d is u s e d . F o r a n y g iv e n y e a r, t h e c o n s t a n t - d o l l a r d e p r e c ia ti o n net c h a r g e o n a n e x is tin g a s se t is o b t a i n e d b y m u l ti p l y in g s to c k s a n d d e p r e c i a t i o n a r e g e n e r a lly c a lc u la te d a t th e t h e d e p r e c i a t i o n c h a r g e in th e p r e c e d in g y e a r b y o n e t y p e - o f - a s s e t le v e l o f d e ta il. F o r n e t s to c k s o f p r iv a t e m i n u s t h e a n n u a l d e p r e c i a t i o n r a t e . 19 BEA’s g e o m e tr ic f ix e d a s se ts , t h e le v e l o f d e t a il is g e n e r a lly t h e s a m e as d e p r e c i a t i o n r a te s a r e d e r i v e d b y d iv id in g d e c lin in g t h a t p r e s e n t e d in N I P A ta b le s 5 .7 , 5 .9 , a n d 5 .1 5 o n p r i b a l a n c e r a te s b y s e r v ic e liv es, as i l lu s tr a t e d in th e e q u a v a te f ix e d in v e s t m e n t . F o r c o n s u m e r d u r a b l e g o o d s , it ti o n s o n p a g e M - 7 . D e c li n in g - b a l a n c e r a te s a r e m u l t i P e r p e tu a l in v e n to r y m e th o d . E s tim a te s of g e n e r a lly is t h e s a m e as t h a t p r e s e n t e d in N I P A ta b le p le s o f t h e c o m p a r a b le r a te o f d e p r e c i a t i o n t h a t w o u l d 2 .7 o n c o n s u m e r d u r a b l e p u r c h a s e s . F o r n e t s to c k s o f b e o b t a i n e d f o r t h e f ir s t p e r i o d o f a n a s s e t’s life u s in g g o v e r n m e n t f ix e d a s s e ts , t h e ty p e - o f - a s s e t le v e l o f d e - t h e s tr a i g h t - l i n e m e t h o d . T h u s , w h e n t h e d e c lin in g b a la n c e r a te is e q u a l t o 2 ( r e f e r r e d to as a “d o u b l e - d e 18. B E A ’s i n d u s t r y e s t im a te s o f fix e d a s se ts p u b l i s h e d b e f o r e 199 2 w e re c la s s if ie d a c c o r d in g t o t h e 1 9 7 2 S I C . F o r a d e ta i le d p r e s e n t a t i o n o f t h e 19 8 7 c lin in g b a l a n c e ” ), t h e r a te o f d e p r e c ia ti o n i n t h e f ir s t p e r i o d o f a n a s s e t’s life is e q u a l to tw ic e t h e r a te t h a t S I C r e v is io n s , s e e E x e c u tiv e O f fic e o f t h e P r e s i d e n t, O f f ic e o f M a n a g e m e n t a n d B u d g e t, S t a n d a r d I n d u s t r i a l C la ssific a tio n M a n u a l, 1 9 8 7 ( W a s h i n g t o n , D .C .: U .S . G o v e r n m e n t P r i n t i n g O f f ic e , 1 9 8 7 ) . W it h t h e n e x t c o m p r e h e n 19. N e w a s se ts a r e a s s u m e d , o n a v e r a g e , t o b e p la c e d in s e r v ic e a t m id y e a r , siv e r e v is io n o f t h e N I P A s , th e s e i n d u s t r y e s t im a te s w i ll b e c la s s if ie d a c c o r d s o t h a t d e p r e c i a t i o n o n t h e m in t h e f ir s t y e a r is e q u a l t o o n e - h a l f t h e n e w in g t o t h e N o r t h A m e r ic a n I n d u s t r y C la s s if ic a tio n S y s te m ( N A I C S ) . i n v e s tm e n t t i m e s t h e d e p r e c i a t i o n r a te . Fixed Assets and Consumer Durable Goods in the United States, 1925-97 w o u ld h av e been o b ta in e d u s in g th e M -7 s tr a i g h t- li n e in g - b a l a n c e r a te s f o r s p e c ific ty p e s o f a ss e ts a r e b a s e d m e t h o d . A l th o u g h th e r e a r e e x c e p tio n s , t h e d e c lin - o n th e e m p ir ic a l s t u d ie s o f H u l t e n a n d W y k o ff, a n d t h e Basic Formulas N e t stocks are estim a te d u sin g th e p e r p e tu a l in v e n to ry m e th o d w ith g e o m e tric d ep re c ia tio n . T h e m e th o d b egins w ith th e in v e stm e n t fo r each y ear i in asset ;, th a t is, I,r F o r c u r re n t-c o s t a n d real-co st v a lu a tio n , th e in v e stm e n t th a t is u sed in th e calcu la tio n is in c o n s ta n t dollars; th a t is, in v e stm e n t in c u r re n t d o llars h a s b e e n deflated b y th e p rice in d e x fo r th a t ty p e o f asset w ith 1996 as th e refer ence year. F o r h isto rical-c o st v a lu a tio n , in v e stm e n t in c u r re n t d o llars is used. T h e a n n u a l g e o m etric ra te o f d e p re c ia tio n for ty p e o f asset ;, § (, is rela te d to th e d eclin in g -b a la n c e ra te fo r ty p e o f asset ;, Rj, a n d to th e average service life for ty p e o f a s s e t; in years, Tj, by: C o n sid e r th e c o n tr ib u tio n o f in v e stm e n t d u r in g year i in ty p e o f asset ; to th e real-co st n e t sto ck a t th e e n d o f y ear t, N tij. N ew assets are assu m ed , o n average, to be p la ced in service a t m id y ear; th u s, d e p re c ia tio n o n th e m is eq u al to o n e - h a lf th e n ew in v e stm e n t tim e s th e d e p re c ia tio n rate . T h erefo re, th e c o n trib u tio n to th e real-co st n e t sto c k a t th e e n d o f y ear t is given by: (2) Ntij w h e re t > i To calcu late th e real-co st n e t sto ck a t th e e n d o f y ear t fo r a s s e t ;, N tj, th e c o n trib u tio n s are s u m m e d over all v in tages o f in v e stm e n t flows fo r th a t asset so th a t: (3) t N tj = X Ntij i= 1 T h e e q u a tio n s u sed to e stim ate h isto ric a l-c o st stocks are id e n tica l to eq u a tio n s (2) a n d (3) except th a t th e in v e stm e n t flows are ex pressed a t h isto ric a l co st r a th e r th a n real cost. C u r re n t- c o s t estim ates o f th e n e t sto c k o f asset ; (in d o lla rs), Ct;, are o b ta in e d by m u ltip ly in g th e c o n sta n td o lla r n e t sto ck a t th e e n d o f y ear t fo r asset ; by th e value a t th e e n d o f y e a r t o f th e p rice in d e x th a t was u sed to d eflate n o m in a l in v e stm e n t in asset ;,P rj, so th at: (4 ) Ctj = I>} Ntj T h e c u r re n t-c o st n e t sto ck o f assets a t th e e n d o f th e y ear t, Cp is estim a te d as th e s u m across all ty pes o f assets o f th e stocks deriv ed above, so th a t: (5) j D e p re c ia tio n o n asset ; d u r in g y ear f, D tj, eq u als th e n e t sto ck o f asset ;’ a t th e e n d o f y ear t-1 p lu s in v e stm e n t in asset ; d u r in g y ear t less th e n e t sto c k o f asset ; a t th e e n d o f y ear t, so th at: (6) D tj = N t _ X J + I tj - N tJ- T h is e q u a tio n h o ld s u n d e r real-co st a n d h isto ric a l-c o st v alu atio n . C u rre n t-c o st d e p re c ia tio n , M tj, is calcu lated b y m u lti p ly in g c o n s ta n t-d o lla r d e p re c ia tio n f r o n y e q u a tio n (6) b y th e average p rice o f asset ; d u r in g y e a r t, P tj, so th a t: (7 ) M tj = P tjD tj. C u r re n t- c o st d e p re c ia tio n fo r a n aggregate o f assets in year t is calcu lated by s u m m in g across th e v a rio u s ty p e so o f assets, th a t is, by: (B) M = ' X j f . J ,J Quantity Indexes C h a in -ty p e q u a n tity indexes are c o m p u te d u sin g th e F isher ideal in d e x fo rm u la . F o r n e t stocks, th e relative ch an g e in th e v alu e o f th e index, Q '!p b etw ee n tim e t a n d t-1 is given by w vXT I w ,i (9) w here N tJ is th e n e t sto ck o f asset ; a t tim e t, a n d P tj is th e e n d o f y ear p rice in d e x fo r a s s e t; at tim e t. Sim ilarly, for d e p re c ia tio n , th e relative ch an g e in th e v alue o f th e index, Q DP b etw ee n tim e t a n d t-1 is given b y (10) fif fif-1 I W V i ^ j d i - ij p W >j 2p t ~ -u i w h ere D tj is th e d e p re c ia tio n o f a s s e t; a t tim e t, a n d Pl} is th e average p rice in d e x fo r a s s e t; a t tim e t. T h e values fo r each in d e x are e stim a te d b y se ttin g th e level o f th e in d e x to 100 in th e referen ce y e a r a n d th e n rep ea ted ly u sing th e q u a n tity relatives f ro m e q u a tio n s (9) o r (10) fo r each p a ir o f years to c o m p u te successive v al ues o f th e index. Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -8 s e r v ic e liv es a r e d e v e l o p e d b y B E A .20 T h e c h a p t e r o n k e t, o r r e p l a c e m e n t , v a lu e o f t h e s to c k ; t h a t is, th e v a lu e “ D e r iv a t io n o f D e p r e c i a t i o n E s ti m a te s ” d is c u s s e s th e s e f o r w h ic h t h e a s se ts i n t h e s to c k c o u l d b e b o u g h t o r e s ti m a t e s in d e ta il. s o ld in t h a t y e a r. I n e q u i l i b r i u m , th i s m a r k e t v a lu e w ill T h e m a in a d v a n t a g e o f th e p e r p e t u a l i n v e n to r y m e t h o d is t h a t f o r t h e m o s t p a r t , c o m p r e h e n s iv e , d e e q u a l t h e p r e s e n t v a lu e o f a ll e x p e c te d f u t u r e se r v ic e s e m b o d i e d i n e x is tin g a s s e ts . ta il e d , a n d r e la tiv e ly r e li a b le d a t a o n n e w i n v e s t m e n t C u r r e n t - c o s t e s tim a te s o f n e t s to c k s a n d d e p r e c ia a r e a v a ila b le to i m p l e m e n t it. T h e m a i n li m i t a t i o n s r e t i o n a r e d e r i v e d b y c o n v e r t in g t h e c o r r e s p o n d i n g c o n - la te t o t h e u n c e r t a i n a c c u r a c y o f t h e d e p r e c ia ti o n r a te s s t a n t - d o l l a r e s tim a te s o f d e p r e c i a t i o n a n d n e t s to c k s to ( w h ic h a r e g e n e r a lly a f u n c t i o n o f t h e a s s u m e d s e r v ic e t h e p r ic e s o f t h e c u r r e n t p e r i o d . S p e c ific a lly , e s tim a te s liv e s ) , a n d o f t h e v a lu e o f n e t p u r c h a s e s o f u s e d a sse ts. o f i n v e s t m e n t in c u r r e n t d o lla r s a r e d e f la te d , u s in g th e T h e i n f o r m a t i o n c u r r e n t l y a v a ila b le o n s e r v ic e liv e s is a p p r o p r i a t e p r ic e in d e x f o r t h a t a s s e t f o r e a c h y e a r, to li m i t e d w i t h r e s p e c t to d e t a il a n d m a y n o t f u lly re f le c t r e f le c t 1 9 9 6 p r ic e s .21 E s ti m a te s o f d e p r e c ia ti o n a r e d e t h e e f fe c ts o f c h a n g e s in b u s in e s s c o n d i t i o n s a n d t e c h r iv e d b y a p p ly in g to th i s c o n s t a n t - d o l l a r in v e s t m e n t n o lo g y t h a t m a y h a v e le d to v a r ia ti o n s i n s e r v ic e lives s e r ie s a s s u m e d d e p r e c ia ti o n p a t t e r n s a n d s e r v ic e lives. o v e r ti m e . T h e i n f o r m a t i o n c u r r e n t l y a v a ila b le o n th e F o llo w in g th e p e r p e t u a l i n v e n t o r y m e t h o d , c o n s ta n t - v a lu e o f n e t p u r c h a s e s o f u s e d a s s e ts is la rg e ly li m ite d d o ll a r e s tim a t e s o f n e t s to c k s f o r e a c h y e a r a r e d e r iv e d t o n e t p u r c h a s e s b e t w e e n p r iv a t e b u s in e s s e s a n d g o v b y d e d u c t i n g th e s e e s tim a t e s o f d e p r e c ia ti o n , s u m m e d e r n m e n t s , c o n s u m e r s , a n d n o n r e s id e n t s ; n e t p u r c h a s e s o v e r all y e a r s, f r o m th e c o n s t a n t - d o l l a r e s ti m a t e s o f i n b e t w e e n i n d u s t r i e s o r b e t w e e n le g a l f o r m s o f o r g a n iz a v e s tm e n t, a lso s u m m e d o v e r a ll y e a r s. T h e s e c o n s ta n t - t i o n w i t h i n p r iv a t e b u s in e s s a r e n o t r e fle c te d . T h e s e e s d o ll a r e s tim a te s a r e t h e n m u l t i p l i e d b y t h e a p p r o p r i a t e are p r ic e in d e x e s o f th e c u r r e n t y e a r to d e r iv e c u r r e n t - d o l - d is c u s s e d in t h e c h a p t e r o n “ D e r iv a t io n o f I n v e s tm e n t la r e s ti m a t e s o f n e t s to c k s a n d d e p r e c ia ti o n : N e t s to c k E s tim a te s .” e s tim a t e s a r e d e r iv e d u s in g in d e x e s t h a t r e f le c t n e w a s ti m a t e s o f net p u rch ases at d e p r e c ia te d cost s e t p r ic e s a t t h e e n d o f t h e g iv e n y e a r, a n d d e p r e c ia ti o n Valuation e s tim a t e s a r e d e r iv e d u s in g in d e x e s t h a t r e f le c t t h e a v B E A v a lu e s t h e n e t s to c k s a n d d e p r e c i a t i o n o f f ix e d a s e ra g e p r ic e s o f n e w a ss e ts o v e r t h e e n t i r e y e a r .22 ( F o r s e ts a n d c o n s u m e r d u r a b le s a t h is to r i c a l c o s t, c u r r e n t q u a r t e r l y C F C e s tim a t e s in t h e N IP A s, a v e r a g e q u a r c o s t, a n d r e a l c o s t. T h e c o n s t r u c t i o n a n d a g g r e g a tio n te r ly p r ic e s a r e u s e d .) C u rre n t-c o s t a g g re g a te s a r e o f e a c h t y p e o f e s ti m a t e is d is c u s s e d b e l o w a n d il lu s t r a t e d i n t h e e q u a t i o n s o n p a g e M - 7 . E s tim a t e s o f th e a v e r a g e ag e o f n e t s to c k s a r e c o n s t r u c t e d o n ly a t h i s t o r ic a l- a n d c u r r e n t - c o s t . Current-cost valuation. 21. T h e p r i c e in d e x e s u s e d t o d e r iv e t h e s t o c k e s t im a te s f o r c u r r e n t - c o s t a n d r e a l - c o s t e s t im a te s a r e t h e s a m e a s t h o s e u s e d t o d e r iv e r e a l G D P a n d its c o m p o n e n t s . T h e s e p r i c e in d e x e s a r e d e s c r i b e d i n “ U p d a t e d S u m m a r y N IP A M e t h o d o lo g i e s , ” S u r v e y 82 ( O c t o b e r C u r r e n t - c o s t e s tim a t e s o f n e t s to c k s a n d d e p r e c i a t i o n r e f le c t t h e p r ic e s o f th e g iv e n p e r io d . F o r in s ta n c e , t h e e s t i m a t e o f t h e n e t s to c k f o r 1 9 9 7 r e f le c ts t h e v a lu e o f th e s to c k e x p r e s s e d in th e p r ic e s t h a t w o u ld h a v e b e e n p a i d f o r th o s e a ss e ts i f t h e y h a d b e e n p u r c h a s e d a t t h e e n d o f 1 9 9 7 . S im ila rly , th e 1 9 2 5 n e t s t o c k e s ti m a t e r e f le c ts th e v a lu e o f t h e s t o c k in 2 0 0 2 ), e s p e c ia lly i n T a b le “ M e t h o d o lo g i e s U s e d i n P r e p a r i n g E s t im a te s o f R e a l G D P ,” p p . 3 4 -3 8 . 2, T he p r i c e in d e x e s a r e a ls o d e s c r i b e d i n “ T h e C o m p r e h e n s i v e R e v is i o n o f th e U .S . N a t io n a l I n c o m e a n d P r o d u c t A c c o u n ts : A R e v ie w o f R e v is io n s a n d M a j o r S ta tis ti c a l C h a n g e s ,” S u r v e y 71 ( D e c e m b e r 1 9 9 1 ): 3 7 - 4 0 a n d “A n n u a l R e v is io n o f t h e U .S . N a t io n a l I n c o m e a n d P r o d u c t A c c o u n t s ,” S u r v e y 72 ( J u ly 1 9 9 2 ), ta b le 8, pp. 3 7 -4 2 . F or p e rs o n a l c o n s u m p tio n e x p e n d itu re s fo r d u r a b l e g o o d s , se e U .S . D e p a r t m e n t o f C o m m e r c e , B u r e a u o f E c o n o m i c A n a ly s is , P er so n a l C o n s u m p tio n E x p e n d itu r e s , N I P A M e t h o d o lo g y P a p e r N o. ( W a s h in g to n 6 6 7 -7 3 ; D C : U .S . G o v e r n m e n t P r i n t i n g O f f ic e , J u n e 1 9 9 0 ): a n d f o r g o v e r n m e n t in v e s tm e n t, s e e U .S . D e p a r t m e n t o f C o m m e r c e , 1 9 2 5 e x p r e s s e d a t t h e p r ic e s t h a t w o u l d h a v e b e e n p a i d B u r e a u o f E c o n o m i c A n a ly sis, G o v e r n m e n t T r a n sa c tio n s, N I P A M e t h o d o l f o r t h e m i f t h e y h a d b e e n p u r c h a s e d in 1925. o g y P a p e r N o . 5 (W a s h in g to n I n p r in c i p le , t h e c u r r e n t - c o s t n e t s to c k is t h e m a r - N ovem ber D C : U .S . G o v e r n m e n t P r i n t i n g O f f ic e , 1 9 8 8 ): 5 0 -6 4 . F o r i n v e s tm e n t i n e le c tr ic l i g h t a n d p o w e r s t r u c t u r e s , t h e N IP A p r i c e i n d e x e s a r e m o d i f i e d t o r e f le c t p r i c e c h a n g e s in t h e v a lu e o f c o m p l e te d 20 . I n f o r m a t i o n o n H u l t e n a n d W y k o f F s m e t h o d o l o g y is la r g e ly f o u n d in p l a n t , in a c c o r d a n c e w i t h t h e m o d if i c a t io n s t o t h e N IP A i n v e s tm e n t d a ta d e s c r i b e d in t h e s e c ti o n “ I n v e s t m e n t c o n t r o l t o t a l s b y t y p e o f a s s e t” in th e t h e f o llo w in g t h r e e s o u r c e s : ( 1 ) F r a n k C . W y k o f f a n d C h a r le s R . H u l t e n , “ T a x a n d E c o n o m i c D e p r e c i a t i o n o f M a c h in e r y a n d E q u ip m e n t: A T h e o r e ti c a l A p p r a is a l , P h a s e I I R e p o r t,” E c o n o m ic D e p r e c ia tio n o f th e U .S. C a p i c h a p t e r “ D e r i v a t i o n o f I n v e s t m e n t F lo w s .” 22. B e g in n i n g w i t h 1947, y e a r e n d p r ic e s a r e d e r iv e d a s t h e a v e r a g e o f ta l S to ck : A F ir st S tep , W a s h in g t o n , D .C .: U .S . D e p a r t m e n t o f t h e T re a s u r y , f o u r t h - q u a r t e r p r ic e s in t h e c u r r e n t y e a r a n d f i r s t - q u a r t e r p r ic e s in t h e f o l O f fic e o f T a x A n a ly s is , Ju ly 2 6 , 1 9 7 9 ; ( 2 ) C h a r le s R . H u l t e n a n d F r a n k C. lo w i n g y e ar . B e f o r e W y k o f f, “ T h e E s t i m a t i o n o f E c o n o m i c D e p r e c i a t i o n U s in g V i n ta g e A s s e t a n n u a l a v e r a g e p r i c e o f t h e c u r r e n t y e a r a n d t h e a n n u a l a v e r a g e p r ic e o f t h e 1947, y e a r e n d p r i c e s a r e d e r iv e d a s t h e a v e r a g e o f t h e P ric e s ,” J o u r n a l o f E c o n o m e tr ic s 15, ( A p r il, 1 9 8 1 ) : 3 6 7 - 3 9 6 ; a n d ( 3 ) C h a r le s f o llo w in g y e ar . A v e ra g e a n n u a l p r i c e in d e x e s a r e e q u a l to R . H u l t e n a n d F r a n k C . W y k o f f, “ T h e M e a s u r e m e n t o f E c o n o m i c D e p r e c i a p e r io d , 1996. T h u s, th e 1996 100 in th e b ase v a lu e s o f r e a l - c o s t a n d c u r r e n t - c o s t d e p r e c ia t io n .” I n D e p r e c ia tio n , I n fla ti o n , a n d th e T a x a tio n o f In c o m e f r o m C a p ita l, t i o n ( a n d o f d i s c a r d s ) a r e e q u a l , b e c a u s e th e s e a r e a v e r a g e a n n u a l v a lu e s . e d it e d b y C h a r le s R . H u l t e n , 8 1 - 1 2 5 . W a s h in g t o n , D .C .: T h e U r b a n I n s t i The t u t e P r e s s , 1 9 8 1 . F o r f u r t h e r e l a b o r a t i o n o n t h e s p e c if ic B E A r a te s , s e e F r a u - e q u a l , b e c a u s e th e s e a r e y e a r e n d v a lu e s , a n d p r ic e s u s u a lly c h a n g e d u r i n g m e n i , “ T h e M e a s u r e m e n t o f D e p r e c i a t i o n .” th e year. 1996 v a lu e s o f r e a l - c o s t a n d c u r r e n t - c o s t n e t s to c k s a r e u s u a l ly n o t Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -9 o b t a i n e d b y d ir e c tl y s u m m i n g t h e c u r r e n t - c o s t e s ti tr a n s a c t i o n s p r ic e s f o r u s e d a ss e ts m u s t a lso b e a d m a te s f o r t h e v a r io u s ty p e s o f a sse ts. j u s t e d f o r q u a l it y c h a n g e .24 W h e r e p o s s ib le , th e s e a d R e a l- c o s t v a l u a t i o n . R e a l- c o s t e s tim a te s , e x p r e s s e d ju s tm e n ts are in tro d u c e d in to BEA ’s e s ti m a t e s of in th i s p u b l i c a t i o n a s c h a i n - t y p e q u a n t i t y in d e x e s o r as in v e s t m e n t , a n d t h u s i n t o n e t s to c k s a n d d e p r e c i a t i o n c h a i n e d (1 9 9 6 ) d o lla r s , r e m o v e t h e e f fe c ts o f p r ic e t h r o u g h th e u s e o f q u a l i t y - a d j u s t e d p r ic e in d e x e s in th e c h a n g e a n d a r e o f te n c a lle d “p h y s ic a l - v o l u m e ” e s ti d e f la tio n p r o c e s s . T h e p r ic e in d e x e s i n c o r p o r a t e a d m a te s . D e ta i le d r e a l- c o s t e s tim a t e s f o r e a c h a s se t ty p e j u s t m e n t s f o r q u a l it y c h a n g e t h r o u g h a n u m b e r o f a r e t h e c o n s t a n t - d o l l a r e s tim a te s d e s c r ib e d a b o v e . A g m e t h o d s . 25 F o r in s ta n c e , f o r t h e d e f la ti o n o f e q u i p g re g a te r e a l- c o s t e s tim a t e s o f n e t s to c k s a n d d e p r e c ia m e n t, BEA p rim a rily t i o n a r e d e r iv e d b y w e ig h t in g a n d c h a i n in g t h e d e t a il e d ( P P I ’s) p u b l i s h e d b y B LS. c o n s t a n t - d o l l a r e s tim a t e s o f n e t s to c k s a n d d e p r e c ia BLS to a d j u s t t h e P P I ’s f o r q u a l i t y c h a n g e .26 u ses p r o d u c e r p r ic e in d e x e s F iv e m e t h o d s a r e u s e d b y t i o n d e s c r ib e d a b o v e . T h a t is, t h e d e t a ile d c o n s t a n t - T h e e x p lic it q u a l i t y a d j u s t m e n t m e t h o d u s e s t h e r a d o ll a r e s tim a t e s a r e e n t e r e d a lo n g w it h p r ic e w e ig h ts ti o o f t h e p r o d u c e r ’s c o s t o f t h e n e w p r o d u c t to th e ( d e r i v e d b y d i v i d in g t h e r e le v a n t c u r r e n t - d o l l a r e s ti p r o d u c e r ’s c o s t o f t h e o ld p r o d u c t to e v a l u a te t h e i r r e l m a te s b y t h e i r c o n s t a n t - d o l l a r c o u n t e r p a r t s ) i n t o a a tiv e q u a l it y s o t h a t t h e p r ic e o f t h e n e w p r o d u c t c a n F is h e r f o r m u l a t h a t u s e s th e p r ic e w e ig h ts f r o m a d j a b e a d j u s t e d a c c o r d in g ly . T h is m e t h o d is u s e d w h e n c e n t y e a r s t o c a lc u la te t h e r a te o f c h a n g e in q u a n t it i e s q u a l it y c h a n g e s a r e c o n s id e r e d to b e s i g n if i c a n t a n d f r o m y e a r t o y ear. F o r e x a m p le , t h e 1 9 9 6 - 9 7 r a te o f w h e n t h e n e c e s s a r y p r o d u c e r c o s t d a t a a r e a v a ila b le . c h a n g e i n r e a l i n v e s t m e n t u s e s p r ic e s f o r 1996 a n d W i th th e o v e r la p m e t h o d , t h e r a t i o o f t h e p r ic e o f 1 9 9 7 as w e ig h ts . T h e s e a n n u a l r a te s o f c h a n g e a r e t h e n t h e n e w m o d e l to t h a t o f t h e o ld m o d e l d u r i n g t h e “c h a i n e d ” ( m u l t i p l i e d ) t o g e t h e r to f o r m a ti m e s e r ie s o v e r la p p e r i o d p r o v id e s t h e b a s is f o r e v a l u a ti n g r e la tiv e o f r a te s o f q u a n t i t y c h a n g e t h a t is e x p r e s s e d as in d e x q u a lity . T h is m e t h o d is u s e d w h e n q u a l i t y c h a n g e is n u m b e r s o r as c h a i n e d d o ll a r s w it h 1996 as t h e r e f e r e n c e y ear. c o n s id e r e d to b e s i g n if i c a n t a n d t h e d a t a n e c e s s a r y to T h e c h a i n - t y p e q u a n t i t y in d e x e s p r o v id e a c c u r a te i m p l e m e n t th e e x p lic it q u a l i t y a d j u s t m e n t m e t h o d a r e n o t a v a ila b le. e s tim a t e s o f t h e g r o w th r a te f r o m o n e y e a r to t h e n e x t T h e m e t h o d o f l i n k in g p r ic e s o f n e w a n d o ld m o d e ls b e c a u s e t h e y u s e r e le v a n t w e ig h ts — t h a t is, w e ig h ts a t t r i b u t e s a ll o f t h e d if f e r e n c e in p r ic e s b e t w e e n o l d t h a t r e f le c t th e c o m p o s i t i o n o f p r ic e s i n a d j a c e n t y e a r s a n d n e w m o d e ls t o a c h a n g e i n q u a lity . T h is m e t h o d is r a t h e r t h a n t h e w e ig h ts o f a s in g le b a s e y ear. T h u s , u s e d w h e n q u a l it y c h a n g e s a r e c o n s id e r e d to b e s ig n if i w h e n t h e b a s e y e a r is u p d a t e d , th e le v els o f t h e e s ti c a n t, a n d d a ta a r e n o t a v a ila b le to i m p l e m e n t e i t h e r th e m a te s c h a n g e b u t t h e g r o w t h r a te s o f t h e v a r io u s s e r ie s e x p lic it q u a l it y a d j u s t m e n t m e t h o d d o n o t , a n d t h e r e v is i o n s t o t h e g r o w th r a te s t h a t r e s u lt m e t h o d . T o th e e x t e n t t h a t p u r e p r ic e c h a n g e s o c c u r fro m w h e n n e w m o d e ls a r e i n t r o d u c e d , th i s m e t h o d te n d s to u p d a t i n g t h e b a s e p e r i o d o f a f ix e d - w e ig h t e d in d e x a r e a v o id e d .23 o r th e o v e r la p a t t r i b u t e t o o m u c h o f t h e d if f e r e n c e i n p r ic e b e t w e e n Q u a l i t y c h a n g e . T h e d e f la ti o n o f c u r r e n t - d o l l a r i n v e s t m e n t e s tim a te s to t h e p r ic e s o f a b a s e y e a r t o o b t a i n a r e a l - c o s t i n v e s t m e n t s e r ie s is c o m p li c a te d b y t h e n e e d to a c c o u n t f o r n e w p r o d u c t s o r q u a l it y c h a n g e s i n t r o d u c e d s in c e t h e b a s e p e r io d . S im ila r ly , d e p r e c ia tio n p a t t e r n s e s t i m a t e d u s in g e m p ir ic a ll y - m e a s u r e d 2 4 . O l i n e r d is c u s s e d t h i s p r o b l e m w h e n h e s t a te d t h a t d e p r e c i a t i o n p a t t e r n s i n t h e N I P A s s h o u l d b e b a s e d o n “p a r ti a l ,” r a t h e r t h a n o n “f u ll ” d e p r e c ia t io n ; S ee S te p h en D. O li n e r , “ P r ic e C hange, D e p re c ia tio n , and R e ti r e m e n t o f M a i n f r a m e C o m p u t e r s , ” i n P rice M e a s u r e m e n t s a n d T h e i r Uses, M u r r a y F. F o ss, M a r i ly n E. M a n s e r , a n d A ll a n H . Y o u n g ( e d s .) , S tu d ie s i n I n c o m e a n d W e a lth , v o l. 5 7 ( C h ic a g o : U n i v e r s i ty o f C h ic a g o P r e s s , f o r th e N a tio n a l B u re a u o f E c o n o m ic R e s e a rc h , 199 3 ): 4 8 -6 1 . 2 5 . S ee Ja c k E. T r ip le tt, “ C o n c e p t s o f Q u a l i t y i n I n p u t a n d O u t p u t P r ic e M e a s u r e s : A R e s o lu tio n o f t h e U s e r - V a lu e R e s o u r c e - C o s t D e b a te ,” in T h e 23. S e e J a c k E. T r ip le tt, “E c o n o m i c T h e o r y a n d BEA ’s A l te r n a tiv e Q u a n U .S. N a t io n a l In c o m e a n d P r o d u c t A c c o u n ts : S e le cte d T opics, M u r r a y F. F o s s t i t y a n d P r ic e I n d e x e s ,” S u r v e y 7 2 ( A p r il 1 9 9 2 ) : 4 9 - 5 2 . T h e p e r c e n ta g e ( e d .) , S tu d ie s in I n c o m e a n d W e a l th , v o l. 4 7 ( C h ic a g o , IL : U n i v e r s i ty o f c h a n g e s c a lc u la te d f r o m t h e c h a i n e d - d o l l a r e s t im a te s a n d f r o m t h e c h a i n - C h i c a g o P r e s s , f o r t h e N a t io n a l B u r e a u o f E c o n o m i c R e s e a r c h , 1 9 8 3 ) . A lso t y p e q u a n t i t y in d e x e s a r e t h e s a m e ; t h e c h a i n e d - d o l l a r e s t im a te s a r e m o s t s e e R o b e r t J. G o r d o n , T h e M e a s u r e m e n t o f D u r a b le G o o d s P rices, N a t io n a l a p p r o p r i a t e l y i n t e r p r e t e d a s i n d e x n u m b e r s w i t h a r e f e r e n c e v a lu e o t h e r B u r e a u o f E c o n o m i c R e s e a r c h M o n o g r a p h S e r ie s , ( C h ic a g o a n d L o n d o n , t h a n 1 0 0 . H o w e v e r , b e c a u s e t h e r e la tiv e p r i c e s u s e d a s w e ig h ts f o r a n y U n iv e r s i ty o f C h ic a g o P r e ss , 1 9 9 0 ) . p e r io d o th e r th a n th e re fe re n c e y e a r d iffe r fro m t h o s e u s e d f o r th e re fe re n c e 2 6 . T h e t r e a t m e n t o f q u a li t y c h a n g e i n t h e P P I ’s is d e s c r i b e d in J o h n F. y e a r , t h e c h a i n e d - d o l l a r v a lu e s o f c o m p o n e n t s w ill n o t n e c e s s a r i ly s u m to E a r l y a n d J a m e s H . S in c la ir , “Q u a l i t y A d j u s t m e n t i n t h e P r o d u c e r P r ic e t h e c h a i n e d - d o l l a r v a lu e s o f a g g r e g a te s . A s t h e r e la tiv e p r i c e s — o r w e i g h ts — I n d e x e s ,” in T h e U .S. N a t io n a l In c o m e a n d P r o d u c t A c c o u n ts : S e le cte d Topics, c h a n g e w i t h ti m e , t h e d if f e r e n c e — o r r e s i d u a l — b e tw e e n t h e s u m s o f t h e M u r r a y F. F o ss ( e d .) , S t u d i e s i n I n c o m e a n d W e a l th , v o l. 4 7 ( C h i c a g o , IL : c h a i n e d - d o l l a r v a lu e s o f t h e c o m p o n e n t s a n d c h a i n e d - d o l l a r v a lu e s o f t h e U n i v e r s i ty o f C h i c a g o P r e ss , f o r t h e N a t i o n a l B u r e a u o f E c o n o m i c R e s e a r c h , a g g r e g a te m a y b e c o m e l a r g e r as o n e m o v e s f u r t h e r f r o m t h e r e f e r e n c e y e a r . 1 9 8 3 ) . B L S u s e s s im ila r m e t h o d s f o r t h e c o n s u m e r p r i c e i n d e x , w h i c h is t h e T h u s , t h e c h a i n e d - d o l l a r e s t im a te s b e c o m e less u s e f u l a s a n a p p r o x im a t e b a s is f o r d e f la tin g e x p e n d i t u r e s o n c o n s u m e r d u r a b l e g o o d s . A lso , se e m e a s u r e o f r e la tiv e m a g n i t u d e a s o n e m o v e s f u r t h e r f r o m t h e r e f e r e n c e J a m e s S in c la ir a n d B r ia n C a t r o n , “A n E x p e r i m e n t a l P r ic e I n d e x f o r t h e y e a r . I n g e n e r a l, t h e u s e o f c h a i n e d - d o l l a r s t o c a lc u l a te c o m p o n e n t s h a r e s o r C o m p u t e r I n d u s t r y ,” M o n t h l y L a b o r R e v i e w 1 1 3 ( O c t o b e r 1 9 9 0 ): 1 6 - 2 4 . F o r c o n t r i b u t i o n s t o g r o w t h m a y b e m is le a d in g f o r p e r i o d s a w a y f r o m t h e r e f e r c o m p u te rs e n c e y ea r . in d e x e s t h a t it h a s d e v e l o p e d u s i n g h e d o n i c m e t h o d s . a n d c o m p u te r p e rip h e ra l e q u ip m e n t, B E A a ls o u ses p r ic e M -10 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 y e a r. T h e r e s u lt in g e s tim a t e s o f d e p r e c i a t i o n a n d n e t n e w a n d o ld m o d e ls to q u a l ity c h a n g e . H e d o n ic q u a lity a d ju s tm e n t m e asu re s q u a l it y c h a n g e as a w e ig h t e d a v e r a g e o f c h a n g e s in t h e p h y s ic a l s to c k s a r e d ir e c tly s u m m e d to d e r iv e a g g re g a te s a t th e in d u s tr y , le g a l f o r m , a n d n a t i o n a l levels. c h a r a c te r i s t ic s o f t h e fix e d a s se t w it h w e ig h ts d e t e r R e l a t i o n s h i p a m o n g e s ti m a te s . A s n o t e d a b o v e , fo r m i n e d b y m u l t i p l e r e g r e s s io n a n a ly sis .27 T h e w e ig h ts h is to r i c a l- c o s t e s tim a te s , th e c o n c e p tu a l r e la ti o n s h ip s t h a t a r e e s t i m a t e d b y r e g r e s s io n a n a ly s is c a n b e i n t e r a m o n g in v e s t m e n t , n e t s to c k s , a n d d e p r e c ia ti o n a re p r e t e d as t h e a p p r o x i m a t e m a r k e t v a l u a ti o n s o f e a c h s im p le : th e c h a n g e in t h e n e t s to c k f r o m t h e e n d o f o n e c h a r a c te r is tic . y e a r to t h e n e x t e q u a l s i n v e s t m e n t le ss d e p r e c ia ti o n , F in a lly , t h e d i r e c t p r ic e c o m p a r i s o n m e t h o d c o u n t s a n d t h e s u m o f d e p r e c i a t i o n c h a r g e s f o r a n i n d i v id u a l q u a l it y c h a n g e as z e r o , a n d p r ic e s o f n e w a n d o ld m o d a s s e t o v e r its life ( o r f o r a g r o u p o f a s se ts o v e r t h e i r els a r e d ir e c tl y c o m p a r e d . T h is m e t h o d is u s e d w h e n liv e s) is e q u a l t o t h e a m o u n t o f t h e o r ig i n a l in v e s t m e n t. q u a l i t y c h a n g e s a r e a s s u m e d to b e v e r y s m a ll. T h e s e r e la ti o n s h ip s d o n o t h o l d f o r c u r r e n t - a n d r e a l- A d ju s ti n g p r ic e s f o r q u a l it y c h a n g e is d if f i c u lt f o r c o s t e s tim a te s . F ir s t, t h e c u r r e n t - c o s t a n d r e a l - c o s t e s ti F o r e x a m p le , e s tim a te s o f in v e s t m e n t in m a te s a r e d e r iv e d u s in g w e ig h ts t h a t r e f le c t p r ic e s o f n e w p e r m a n e n t - s i t e h o u s i n g a r e a d j u s t e d f o r q u a l it y m o r e t h a n o n e p e r i o d a n d a r e t h e r e f o r e n o t a d d itiv e . c h a n g e b y u s in g s e p a r a t e h e d o n i c p r ic e in d e x e s f o r s in S p e c ific a lly , t h e f ir s t r e l a ti o n s h ip d o e s n o t h o l d f o r c u r s o m e a s s e ts . g le - f a m ily h o u s i n g a n d f o r m u l ti f a m il y h o u s i n g in th e r e n t - c o s t e s tim a te s b e c a u s e e n d - o f - y e a r p r ic e in d e x e s d e f la ti o n p r o c e s s .28 B u t d i s ti n g u is h in g b e t w e e n p r ic e a r e u s e d to r e v a lu e c o n s t a n t - d o l l a r e s tim a te s o f n e t a n d q u a l i t y c h a n g e is m o r e d if f ic u lt f o r n o n r e s i d e n t i a l s to c k s to t h e p r ic e s o f e a c h y ear, w h ile a v e r a g e a n n u a l s tru c tu re s b e c a u se th e u n iq u e n a tu re o f m a n y c o n p r ic e in d e x e s a r e u s e d to r e v a lu e t h e e s tim a t e s o f d e s t r u c t i o n p r o je c ts li m its t h e c o m p a r a b le p r o je c ts a v a il p r e c i a ti o n . R e a l- c o s t a g g r e g a te s a r e e s t i m a t e d u s in g a a b le f o r p r ic e c o m p a r is o n s . A s n o p r ic e in d e x e s t h a t c h a i n - t y p e q u a n t i t y in d e x a n d t h e r e f o r e d o n o t e q u a l i n c o r p o r a t e a n e x p lic it a d j u s t m e n t f o r q u a l i t y c h a n g e t h e s u m o f t h e i r c o m p o n e n t s . A t t h e le v e l a t w h ic h th e a r e a v a ila b le f o r t h e ty p e s o f s t r u c t u r e s b e i n g d e f la te d , m o s t d e t a ile d e s tim a t e s o f i n v e s t m e n t a r e c a l c u la te d , th e s e e s tim a te s , w h ic h a r e d e f la te d u s in g a v a r ie ty o f t h e r e a l- c o s t e n d - o f - p e r i o d n e t s to c k d o e s e q u a l th e p r ic e a n d c o s t in d e x e s , a r e n o t a d e q u a te l y q u a lity - b e g i n n i n g - o f - p e r i o d s to c k p lu s in v e s t m e n t le ss d e p r e a d j u s t e d .29 c i a tio n . H o w e v e r , th i s r e l a ti o n s h ip d o e s n o t h o l d f o r H i s to r ic a l - c o s t v a l u a t i o n . H is to r ic a l- c o s t e s tim a te s s o m e ty p e s o f a s s e ts f o r w h ic h t h e e s ti m a t e o f in v e s t o f n e t s to c k s a r e a n a l o g o u s to b o o k v a l u e e s tim a te s m e n t is b u i l t u p f r o m c o m p o n e n t s t h a t h a v e d if f e r e n t u s e d o n c o m p a n y r e p o r t s a n d f in a n c ia l s ta t e m e n t s in d e f la to r s .30 T h e r e l a ti o n s h ip f o r lif e tim e d e p r e c ia ti o n t h a t a ss e ts a r e v a l u e d a t t h e p r ic e s p r e v a i lin g w h e n th e y c h a r g e s d o e s n o t h o l d f o r s im ila r r e a s o n s : c u r r e n t - c o s t w e r e p u r c h a s e d . H is to r ic a l c o s t e s tim a te s o f t h e n e t d e p r e c i a t i o n e s tim a t e s a r e v a l u e d in th e p r ic e s o f th e s to c k a r e t h e d e p r e c ia te d v a lu e s o f th e s e a c q u i s i ti o n y e a r i n w h ic h t h e d e p r e c ia ti o n o c c u r s , w h ile in v e s t c o s ts o f a ss e ts u s in g BEA’s a s s u m e d d e p r e c i a t i o n p a t m e n t is v a l u e d a t a c q u i s i ti o n c o s ts . A t t h e lo w e s t lev el te r n s . o f d e ta il, th i s r e l a t i o n s h i p d o e s h o l d f o r r e a l- c o s t e s ti F o llo w in g t h e p e r p e t u a l in v e n to r y m e t h o d , e s ti m a te s ( e x c e p t w h e n a n a s se t is p r e m a t u r e l y r e ti r e d , m a te s o f n e t s to c k s a t h is to r i c a l c o s t a r e d e r iv e d f o r s u c h a s t h r o u g h s u r p l u s i n g f r o m t h e s to c k o f g o v e r n e a c h y e a r b y d e d u c t i n g h is to r i c a l- c o s t d e p r e c i a t i o n e s m e n t a s s e ts ) , b u t d o e s n o t h o l d f o r a g g r e g a te d e s ti ti m a t e s , s u m m e d o v e r a ll y e a r s, f r o m h i s t o r i c a l- c o s t e s m a te s b e c a u s e t h e e s tim a t e s a r e n o t a d d i ti v e .31 t i m a t e s o f in v e s t m e n t , a lso s u m m e d o v e r a ll y e a r s. S p e c ific a lly , f o r e a c h y ea r, i n v e s t m e n t is d e p r e c ia te d b y a p p l y in g to t h e a c q u i s i ti o n c o s t o f e a c h a s s e t t h e s a m e Adjustments for catastrophic losses and obsolescence d e p r e c i a t i o n p a t t e r n s a n d s e r v ic e liv e s u s e d to d e riv e B E A a d j u s t s t h e v a lu e o f n e t s to c k s to a c c o u n t f o r c a t h e c u r r e n t - c o s t e s tim a te s . T h e s e h i s to r i c a l- c o s t d e p r e t a s t r o p h e s , s u c h a s h u r r i c a n e s , e a r t h q u a k e s , a n d th e c i a ti o n e s ti m a t e s a r e s u m m e d o v e r a ll y e a r s a n d d e t e r r o r i s t a tta c k s o f S e p te m b e r 11, 2 0 0 1 , in w h ic h la rg e d u c t e d f r o m t h e h is to r i c a l- c o s t e s tim a t e s o f i n v e s t m e n t a m o u n t s o f f ix e d a s s e ts a n d c o n s u m e r d u r a b le s a r e d e s u m m e d o v e r a ll y e a r s to d e r iv e n e t s to c k s f o r e a c h s tr o y e d .32 T h e a d j u s t m e n t s f o r fix e d a ss e ts a r e p r e s e n te d in t h e N IP A s in ta b le 5 .1 6 , a lo n g w i t h t h e o t h e r 2 7 . S e e J a c k E . T r ip l e tt , “ T h e E c o n o m i c I n t e r p r e t a t i o n o f H e d o n i c M e t h o d s ,” S u r v e y 6 6 ( J a n u a r y 1 9 8 6 ) : 3 6 - 4 0 . 2 8 . S e e “ T h e C o m p r e h e n s i v e R e v is io n o f t h e U .S . N a t io n a l I n c o m e a n d 3 0 . I n g e n e r a l, w h e n “r e a l ” e s t im a te s a r e d e r iv e d u s i n g a c h a i n e d - t y p e q u a n t i t y in d e x , t h e s u m o f t h e r e a l v a lu e s o f t h e v a r io u s c o m p o n e n t s o f a n P r o d u c t A c c o u n t s : A R e v ie w o f R e v is i o n s a n d M a j o r S ta tis ti c a l C h a n g e s ,” a g g r e g a te w ill d if f e r f r o m t h e a g g r e g a te ’s r e a l v a lu e b y a “r e s i d u a l .” S u r v e y 71 ( D e c e m b e r 1 9 9 1 ): 4 0 . 2 9 . F o r s o u r c e s o f c o n s t r u c t i o n p r i c e s se e V a lu e o f C o n s tr u c tio n P u t in P lace, A p p e n d i x D , “A d j u s t m e n t F o r S e a s o n a l V a r i a t io n a n d C o s t C h a n g e s ,” in f in i t e liv e s s o t h a t t h i s r e l a t i o n s h i p o n l y h o l d s a s y m p to ti c a l ly . U .S . B u r e a u o f t h e C e n s u s ( C 4 0 ) , m o n t h l y . “ B u s in e s s S i t u a t i o n ,” S u r v e y 8 1 ( N o v e m b e r 2 0 0 1 ) : 2. 3 1 . W h e n t h e d e p r e c i a t i o n p a t t e r n is s t r i c t l y g e o m e t r i c , s o m e a s s e ts h av e 32. S ee t h e “ B u s i n e s s S i t u a t i o n ,” S u r v e y 72 ( S e p t e m b e r 1 9 9 2 ) : 2 , a n d t h e Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -ll s o u r c e s o f c h a n g e i n t h e v a lu e o f t h e n e t s to c k s o f f ix e d T h e d e p r e c ia ti o n s c h e d u le s u s e d to d e r iv e t h e e s t i a s se ts a n d p r iv a t e in v e n to r ie s , as d e s c r ib e d a b o v e . I n m a te s r e f le c t t h e e ffe c ts o f n o r m a l o b s o le s c e n c e o v e r g e n e r a l, t h e a d j u s t m e n t s f o r c a t a s tr o p h e s a r e m a d e i f ti m e . Id eally , t h e e s tim a t e s o f n e t s to c k s s h o u l d a ls o b e th e c o s t o f t h e d a m a g e e q u a ls a t le a s t o n e - q u a r t e r o f a d j u s t e d f o r d e c lin e s in v a lu e c a u s e d b y u n u s u a l l y o r o n e p e r c e n t o f to t a l p r iv a t e c o n s u m p t i o n o f f ix e d c a p i u n e x p e c te d l y la r g e a m o u n t s o f o b s o le s c e n c e , a s t h e d e ta l ( th is p r o p o r t i o n o f c o n s u m p t i o n o f f ix e d c a p ita l p r e c i a t i o n r a te s u s e d to d e r iv e th e e s ti m a t e s r e f le c t w a s a b o u t $2.1 b il lio n in 1 9 9 7 ). T h e a d j u s t m e n t s to o n ly t h e e ffe c ts o f n o r m a l o b s o le s c e n c e o v e r t i m e . 33 g e n e r a l g o v e r n m e n t a ss e ts a r e n o t i n c lu d e d in th e H o w e v e r , th e d a t a o n t h e i m p a c t o f o b s o le s c e n c e t h a t N I P A e s tim a t e s o f c o n s u m p t i o n o f f ix e d c a p ita l t h a t a r e n e c e s s a r y to m a k e s u c h a d j u s t m e n t s a r e n o t a v a il a r e in c lu d e d in g r o s s d o m e s t ic p r o d u c t ( G D P ) b e c a u s e a b le . g o v e r n m e n t c o n s u m p t i o n e x p e n d i tu r e s a r e m e a s u r e d b y a d d i n g u p c o s ts in c l u d i n g C F C . E x c l u d i n g th e s e a d j u s t m e n t s a v o id s in c r e a s in g t h e m e a s u r e d o u t p u t o f fix e d g o v e r n m e n t a s s e ts in G D P w h e n th e r e a r e c a t a s tr o p h ic lo sse s. 33. S o m e arg u e th a t g o v e r n m e n t p o llu tio n a b a te m e n t a n d sa fety re g u la t io n s , s u d d e n c h a n g e s in e n e r g y p r ic e s , a n d i n c r e a s e d f o r e i g n c o m p e t i t i o n h a v e c a u s e d c e r t a i n c a p i t a l a s s e ts to e x p e r i e n c e s i g n i f ic a n tl y h i g h e r - t h a n n o r m a l a m o u n t s o f o b s o le s c e n c e . Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -13 Derivation of I nvestment Est im at es T h is c h a p t e r d e s c r ib e s t h e i n v e s t m e n t flo w s u n d e r ly i n g 1 9 2 5 - 1 9 2 9 , t h e N I P A i n v e s t m e n t e s ti m a t e s a r e e x t r a p BEA ’s p e r p e t u a l i n v e n t o r y e s tim a t e s o f n e t s to c k s a n d o la te d b a c k to b e f o r e 1 9 0 0 f o r s o m e a s s e ts (se e t h e s e c d e p r e c ia ti o n . S p e c ific a lly , th i s c h a p t e r e x p la in s t h e d e r t i o n “ I n v e s tm e n t c o n t r o l s b y ty p e o f a s s e t” ). iv a ti o n o f t h e e s tim a t e s o f i n v e s t m e n t i n p r iv a t e a n d T h e N IP A e s tim a t e s o f i n v e s t m e n t i n e q u i p m e n t g o v e r n m e n t fix e d a ss e ts a n d t h e e s tim a t e s o f e x p e n d i a n d s o f tw a r e a n d in s t r u c t u r e s a r e s o m e t im e s m o d i f i e d tu r e s b y c o n s u m e r s o n d u r a b l e g o o d s . f o r e s ti m a t in g n e t s to c k s , p r i m a r i l y t o e x c lu d e d e a l e r s ’ m a r g i n s o r b r o k e r s ’ c o m m is s io n s f r o m n e t p u r c h a s e s Investment in Private Fixed Assets o f u s e d a s s e ts a m o n g s e c to r s o f t h e e c o n o m y .34 I n a d d i T h e e s tim a te s o f i n v e s t m e n t b y i n d u s t r y a n d b y ty p e o f ti o n , t h e N I P A e s tim a t e s a r e s u p p l e m e n t e d t o p r o v id e a s s e t u s e d to d e riv e t h e p e r p e t u a l in v e n to r y e s tim a te s d e t a il n o t a v a ila b le i n t h e N I P A s , p r i m a r i l y o n t h e i n o f p r iv a t e fix e d a ss e ts a r e d e s ig n e d to b e c o n s is te n t d u s t r i a l d i s t r i b u t i o n o f i n v e s t m e n t in p r i v a t e f ix e d a s w it h t h e N I P A s a n d w i t h t h e S IC . T h e e s tim a te s r e f le c t sets. th r e e r e q u ir e m e n t s : F ir s t, f o r e a c h a ss e t, n e w in v e s t E s tim a te s o f in v e s t m e n t b y i n d u s t r y in n o n r e s i d e n m e n t s u m m e d a c r o s s a ll i n d u s t r i e s e q u a ls t h e N I P A e s tia l a s s e ts a r e a v a ila b le f r o m s e v e ra l s o u r c e s . S o m e p r o ti m a t e v id e i n f o r m a t i o n f o r s e le c te d b e n c h m a r k y e a r s; o t h e r s o f to ta l in v e s tm e n t in th a t a ss e t. Second, in d u s t r i e s a r e c la s s if ie d o n a n e s ta b l i s h m e n t b a s is . F i p r o v id e i n f o r m a t i o n f o r i n t e r p o l a t i o n s b e t w e e n a n d n a lly , a ss e ts a r e c la s s if ie d in t h e i n d u s t r y t h a t o w n s e x t r a p o la t io n s f r o m t h e b e n c h m a r k y e a r s. W h e r e v e r th e m . p o s s ib le , t h e i n v e s t m e n t c o n t r o l to t a ls a r e b a s e d o n I n g e n e r a l, e s tim a t e s a r e d e v e lo p e d i n th e f o llo w in g c a p ita l e x p e n d i tu r e s d a t a c o lle c t e d f r o m e a c h in d u s tr y . m a n n e r : F ir s t, e s tim a t e s a r e d e r iv e d o f in v e s t m e n t in W h e r e th e s e d a t a a r e n o t a v a ila b le , t h e e s ti m a t e s a r e n e w n o n r e s i d e n t i a l a n d r e s id e n t ia l a ss e ts f o r e a c h i n d e r iv e d as th e c h a n g e in n e t s to c k s p lu s d e p r e c i a t i o n d u s t r y a n d o f n e t p u r c h a s e s o f u s e d a ss e ts b e t w e e n p r i fro m in d u s try b a la n c e s h e e t d a ta . T h e b a la n c e sh e e t v a te b u s in e s s a n d o t h e r ty p e s o f o w n e r s . S e c o n d , th e s e d a t a a r e p r i m a r i l y f r o m t h e S ta tistic s o f In c o m e p u b e s tim a t e s a r e d i s t r i b u t e d b y le g a l f o r m o f o r g a n iz a ti o n . li s h e d b y t h e I n t e r n a l R e v e n u e S e r v ic e (IR S ) a n d f r o m F in a lly , t h e e s ti m a t e s o f i n v e s t m e n t b y ty p e o f a s se t, i n F e d e r a l r e g u la to r y a g e n c ie s . d u s tr y , a n d le g a l f o r m o f o r g a n i z a t i o n a r e d e f la te d to T h e r e a r e fiv e m a j o r s o u r c e s o f d a t a o n i n d u s t r y in d e x e s . c a p ita l e x p e n d i tu r e s . T h e f ir s t, e c o n o m ic c e n s u s e s c o n T h e s e e s tim a t e s a r e t h e n u s e d in t h e d e r i v a t i o n o f c u r d u c t e d b y th e B u r e a u o f t h e C e n s u s , p r o v id e d a t a c la s r e n t - a n d r e a l- c o s t e s tim a te s . T h e f ir s t tw o s te p s a r e d e s if ie d s c r ib e d i n t h e f o llo w in g s e c ti o n s ; d e f la tio n is d is c u s s e d e x p e n d i tu r e s i n t h e m i n i n g , c o n s t r u c t i o n , m a n u f a c t u r in t h e s e c ti o n o n v a l u a t i o n in t h e p r e v io u s c h a p te r . in g , w h o le s a le t r a d e , r e ta il t r a d e , a n d s e le c te d s e r v ic e Sources te r v a ls o f s e v e r a l y e a r s ( e v e r y 5 y e a r s s in c e 1 9 6 7 ) , a n d T h e e s ti m a t e s o f i n v e s t m e n t in n e w n o n r e s i d e n t i a l a n d a ll d a t a p r i o r t o 1 9 7 7 p r o v i d e o n ly a tw o - w a y s p li t b y r e s id e n t ia l a ss e ts a n d o f n e t p u r c h a s e s o f u s e d a s se ts ty p e o f a s s e t ( t h a t is, to t a l e q u i p m e n t a n d t o t a l s t r u c a re p rim a rily b a s e d o n N IP A d a ta o n in v e s tm e n t b y t u r e s ) . B e g i n n in g w i t h t h e 1 9 7 7 e c o n o m i c c e n s u s , t h e c o n s ta n t d o lla r s u s in g a p p ro p ria te p r ic e on an e s ta b l i s h m e n t b a s is on c a p ita l i n d u s tr i e s . M o s t o f th e s e d a t a a r e a v a ila b le o n ly a t i n t y p e o f a s se t a n d i n d u s t r y d a t a f r o m s e v e r a l s o u rc e s . d a t a o n e q u i p m e n t e x p e n d i t u r e s in t h e m a n u f a c t u r i n g T h e N I P A s p r o v id e d a t a o n i n v e s t m e n t b y ty p e o f a s s e t i n d u s t r i e s in c lu d e s d e t a il o n h ig h w a y v e h ic le s , c o m f o r y e a r s s in c e 1929. E s tim a t e s o f e x p e n d i tu r e s o n p r e p u te rs a n d p e rip h e ra l e q u ip m e n t, a n d o th e r e q u ip p a c k a g e d , c u s to m , a n d o w n a c c o u n t s o f tw a r e — n o w m e n t . T h is e x p a n d e d r e c o g n i z e d as in v e s t m e n t i n t h e N I P A s a n d in c lu d e d in b e g in n in g n e t s to c k s o f f ix e d a ss e ts— a r e a v a ila b le f o r 1 9 5 9 to 1 9 9 7 . (B e f o r e 1 9 5 9 , e x p e n d i tu r e s o n s o f tw a r e w e r e in s ig n if ic a n t.) To d e r iv e e s tim a t e s o f n e t s to c k s f o r 34. w it h th e a s s e t d e t a il is a ls o 1987 cen su s fo r a v a ila b le c o n s tru c tio n , D e a le r s ’ m a r g i n s f o r u s e d e q u i p m e n t a n d b r o k e r s ’ c o m m i s s i o n s o n s a le s o f u s e d s t r u c t u r e s a r e i n c l u d e d i n f ix e d i n v e s t m e n t i n t h e N IP A s b u t a r e n o t i n c l u d e d in n o n r e s i d e n t i a l f ix e d s to c k s . M -14 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 T a b le A . S o u rc e D a ta fo r P re p a r a t io n o f E s t im a t e s o f N e w P riv a te N o n re s id e n tia l In v e s tm e n t b y In d u s try In d u s try Y e a rs b e fo re 1 9 4 7 1 9 4 7 -7 7 (in c lu d e s c e n s u s y e a rs u p to a n d in c lu d in g 1 9 7 7 ) 1 9 7 8 -9 2 Y e a rs a fte r 1 9 9 2 2 E c o n o m ic c e n s u s y e a rs 1 9 8 2 , 1987, a nd 1992 N oncensus y e a rs 1 A g ric u ltu re , fo re s try , a n d fis h in g : F a r m s ................................................. A g r ic u ltu ra l s e rv ic e s , fo re s try , a n d fis h in g ............................................. U S D A , T re n d s USDA U S D A , N IPA U S D A , N IPA U S D A , N IPA U S D A , T re n d s P&E P & E , N IPA P & E , N IP A A C E S , N IP A , P & E M in in g ...................................................... H S , E C (C M I a n d C M ), N IPA E C (C M I), E S , P & E , N IPA , O il & G as E C (C M I), E S, N IP A P & E , N IPA A C E S , N IP A , P & E C o n s tr u c tio n ........................................... B o d d y & G o rt, H S E C (C C I), E S , P & E , N IPA E C ( C C I), E S , N IP A P & E , N IPA A C E S , N IP A , P & E M a n u fa c tu rin g ......................................... C h a w n e r, Ñ IPA , C S , H S , E C (C M ), K u z n e is , S h a w E C (C M ), A S M , E S, P & E , N IP A E C (C C I), E S , N IP A A S M , N IPA A S M , A C E S , N IPA T ra n s p o rta tio n a n d p u b lic u tilitie s : T r a n s p o rta tio n : R a ilr o a d tr a n s p o r ta tio n ................ IC C , N IP A , U lm e r, TA, C S IC C , N IP A , TA, P & E P & E , N IP A , TA , IC C (1 9 8 2 ) P & E , N IPA A C E S , N IPA L o c a l a n d in te ru rb a n p a s s e n g e r tr a n s it......................................... T ru c k in g a n d w a re h o u s in g ........... U lm e r, C S , TA, N IP A , IC C N IP A , U lm e r, TA, IC C IC C , TA, C S , P & E , N IP A IC C , E C (C W T ), E C , ( C T ) 3, P&E P & E , N IPA IC C (1 9 8 2 ), P & E , E C , ( C T ) 3 P & E , N IPA P & E , TA, N IPA A C E S , N IP A , P & E A C E S , N IP A W a te r tr a n s p o r ta tio n ..................... T ra n s p o rta tio n b y a ir ..................... P ip e lin e s , e x c e p t n a tu ra l g a s ..... T ra n s p o rta tio n s e r v ic e s ............... N IP A , H S , IC C N IP A , H S IC C , N IP A , C S , H S IC C , N IP A , U lm e r, TA, C S N IP A , IC C , P & E N IP A , D O T, P & E IC C , N IP A , P & E IC C , N IP A , TA, P & E P & E , N IP A , T A DOT, N IPA , P & E , TA N IP A , P & E P & E , N IP A , TA P & E , N IPA D O T, N IP A , P & E N IP A , P & E P & E , N IPA A C E S , N IP A . P & E DOT, A C E S , N IPA A C E S , N IPA A C E S , N IP A , P & E N IP A , C S , U S D A , U lm e r N IP A , TA, C S , U S D A , FC C , C r a n d a ll, P & E , C A R F C C , N IP A , C A R , TA, C ra n d a ll, ACES, P&E, USDA F C C , N IP A , C A R , T A , C ra n d a ll, ACES, P&E, USDÁ A C E S , N IP A , F C C , C A R , TA, P&E, USDA B o d d y & G o rt P & E , T A , N IP A P & E , T A , U C , N IP A P & E , TA, U C , N IP A A C E S , N IP A U lm e r, N IP A , C S , U S D A , D O E FS D O E F S , N IP A , U S D A , P & E D O E F S , D O E EP, N IPA , USDA, UC D O E F S , D O E EP, N IP A , USDA, UC D O E F S , D O E EP, N IPA , USDA, UC, AC ES U lm e r, N IP A , C S , TA, U C U lm e r N IP A , C S , U C , T A, P & E P & E , D O E F S , TA N IP A , P & E , TA P & E , D O E FS , TA N IP A , P & E , TA P & E , D O E F S , TA, N IP A N IP A , A C E S A C E S , D O E F S , TA, N IPA W h o le s a le t r a d e .................................... M e rc h a n t w h o le s a le ......................... N o n m e r c h a n t w h o le s a le ................... B o d d y & G o rt E C ( C W T ) 4, P & E , E S E C ( C W T ) 4, E S E C (C W T ), ES E C ( C W T ) 4, E S , TA E C ( C W T ) 4, E S E C ( C W T ), É S , TA P & E , N IPA A C E S , N IP A , P & E , U C R e ta il t r a d e ............................................. CS, HS E C ( C R T ) 4, P & E E C (C R T )4 P & E , N IP A A C E S , N IP A , U C F in a n c e , in s u ra n c e , a n d re a l e s ta te : F in a n c e a n d in s u ra n c e ..................... R e a l e s ta te ........................................ S O I, H S S O I, H S , C S , U C , TA P & E , TA P & E , TA, U C , N IP A , S O I P & E , TA P & E , TA, N IPA , U C , E C (C C I) P & E , N IPA P & E , N IPA A C E S , N IP A , P & E A C E S , N IP A , P & E S O I, S O I, S O I, S O I, S O I, S O I, EC EC EC EC EC EC EC EC EC EC EC EC N IPA P&E, P&E, P&E, P&E, P&E, ACES, ACES, ACES, AC ES, AC ES, AC ES, C o m m u n ic a tio n s : T e le p h o n e a n d t e le g r a p h .................. R a d io a n d te le v is io n ......................... E le c tric , g a s , a n d s a n ita ry s e rv ic e s : E le c tric s e r v ic e s ................................ G a s s e r v ic e s ..................................... S a n ita r y s e r v ic e s ............................... S e rv ic e s : H o te l a n d o th e r lo d g in g p la c e s ........ P e rs o n a l s e r v ic e s .............................. B u s in e s s s e r v ic e s ............................ A u to re p a ir, s e rv ic e s , a n d p a r k in g ... M is c e lla n e o u s re p a ir s e r v ic e s ......... M o tio n p ic tu r e s .................................. A m u s e m e n t a n d re c re a tio n s e r v ic e s .......................................... H e a lth s e r v ic e s ................................. UC UC UC UC UC UC ( C S I ) 4, ( C S I ) 4, ( C S I ) 4, ( C S I ) 4, ( C S I ) 4, ( C S I ) 4, P&E, P&E, P&E, P&E, P&E, P&E, UC UC UC UC UC UC ( C S I ) 4, N IP A (C S I)4 ( C S I ) 4, TA ( C S I) TA, N IPA (C S I)4 ( C S I ) 4, U C N IPA N IPA T A , N IPA N IPA U C , N IPA N IPA N IPA N IP A TA, N IP A , P & E N IP A U C , N IPA S O I, U C S O I, T A E C ( C S I ) 4, P & E , U C P & E , TA E C ( C S I ) 4, U C E C ( C S I ) 4, P & E , N IP A , TA P & E , U C , N IPA P & E , N IPA A C E S , U C , N IP A A C E S , N IP A , P & E L e g a l s e r v ic e s ................................... E d u c a tio n s e r v ic e s ........................... S O I, T A N IP A , C S , S O I, U S D E P&E N IP A , P & E , U S D E E C ( C S I ) 4, P & E E C ( C S 1 1 9 8 7 , 1 9 9 2 ) 4, P & E , N ÍP A , U S D É P & E , N IPA P & E , N IPA A C E S , N IP A A C E S , N IP A O th e r s e r v ic e s 5................................. S O I, N IP A , C S P & E , N IP A E C ( C S 1 1 9 8 7 , 1 9 9 2 ) 4, P & E , N IPA P & E , N IPA A C E S , N IPA 1. U se d to in te rp o la te b e tw e e n e c o n o m ic c e n s u s y e a r estim ates. 2. U s e d to e x tra p ola te forw a rd fro m 1992. 3. D a ta a re fro m th e tru c k in v e n to ry a n d u s e s u rv e y ta k e n a s p a rt o f th e C e n s u s o f Tra ns p orta tio n fo r y ea rs 1 9 6 3 ,1 9 6 7 ,1 9 7 2 ,1 9 7 7 ,1 9 8 2 , a n d 198 7; a n d fo r 1 99 2 ta k e n as p a rt o f th e C e ns u s o f T ran s po rta tio n , C o m m u n ica tion s , a n d U tilitie s. 4. D a ta a re fro m th e c a p ita l e x p e nd itu res s urv e y ta k e n a s p a rt o f th e e c o no m ic c e n s u s fo r the y e a rs throug h 1 98 2 a n d fo r 1987 a n d 1 99 2 fro m th e a s s e ts a n d e x p en d itu res s u rv e y ta k en a s p a rt o f th e e c o n o m ic ce nsu s. 5. “O th e r” s e rv ic e s c o n s is ts o f the fo llow ing in du s trie s : S oc ia l s e rv ic es ; m u se um s; b ota nic a l, zo o lo gica l g a rd e ns ; m em b e rs h ip o rg a n iz a tio n s ; e n g in ee rin g a nd m a na g em en t s e rv ic e s; a nd s e rv ice s , n ot e ls e w h ere c la s sified. N o t e . T h e s o u rc e d a ta p ro v id e d in th is ta b le a re th o s e used to a llo ca te e s tim a te s o f p riv ate n o nres id en tial in v e s tm e nt to th e v a rio u s in du s trie s . F o r m o s t e c o no m ic c e n su s y ea rs , th e d is trib utio n is b a s e d on the ca pita l flo w ta b le s p re p a re d b y B E A a s p a rt o f th e b e n c h m a rk in p ut-o u tpu t acco unts. A C ES U.S. D e p a rtm e n t o f C o m m erc e, B ure au o f the C e ns us , A nn u al C a p ital E x pe nd i tu re s S u rv e y (W as hing to n, D C : U.S. G ov e rn m en t P rin tin q O ffic e , a n n u a lly b eg in n ing in 1992). A SM U.S. D e p a rtm e n t o f C o m m e rc e , B urea u o f th e C e ns u s, A n nu a l S u rv e y o f M anu fac tu re s (W a s hin g to n, D C: U.S. G ov e rn m e n t P rin tin g O ffice , a nn u ally ). B od dy & G o rt R ayford B od d y a n d M ic h ae l G o rt, “C a p ital E x p en d iture s a n d C a pital Stocks," A n n a ls of E c o no m ic a n d S oc ia l M e as u re m e nt 2 /3 (1 97 3 ); a n d “T h e D e riv a tion o f In ve stm en t E x p en d itu re s a nd C a pital S toc ks " (ty pe w ritten , 1968). CAR D ata fro m c o m p a n y a nn u al reports. C h aw n er Low ell J. C haw n er, “C a pital E xp en d itu re s fo r M a nu fac turin g P lan t a nd E qu ip m e nt— 1 91 5 to 1940,” S u r v e y o f C u r r e n t B u s in e s s 21 (M arc h 1941): 9 -1 5 ; “C a pita l E xp en d itu re s in S e le c te d M a nu fac turing Industries ,” S u r v e y 21 (D ec e m b e r 1941): 1 9 -2 6 ; a nd “ C a pital E x p en d iture s in S elected M a nu fac turin g In d us trie s , P art II," S u r v e y 22 (M ay 1 94 2): 1 4 -2 3 . C ran d all R o be rt W . C ran d all, A fte r the B rea ku p: U.S. T e lec o m m u nic a tio ns in a M o re C o m pe titiv e Era (W a s hin g to n, DC: T h e B ro o kin gs Institu tion, 1991). CS U.S. D e p a rtm e n t o f C o m m erc e, B u s in e ss a nd D efen se S e rv ic e s A dm inis tra tio n, D O E EP D O E FS DOT EC ES FCC HS IC C C o n s tru c tio n S ta tistic s 1 9 1 5 -6 4 : A S u p p lem e nt to C o n s tru c tio n R e view (W as h ington , D C: U.S. G ov e rnm en t P rin tin g O ffice , 1966). U.S. D e p a rtm e n t o f Energy, E n erg y In fo rm a tio n A d m in istra tio n, E lectric Power A nn u al, 2 vols. (W as hing to n, D C: U.S. G ov e rn m e n t P rintin g O ffice , a n nu a lly ). U.S. D e p a rtm e n t o f Energy, E n erg y Info rm a tio n A d m in is tratio n, F in an c ia l S ta tistic s o f S e le c ted In ve s to r-O w n e d E lec tric U tilitie s (W a s hin g to n, D C : U.S. G ov e rn m e n t P rin tin g O ffic e , a nn ua lly). U.S. D e p a rtm e n t o f Tra ns po rtatio n, A ir C a rrie r F in an c ia l S ta tis tic s (W as hing to n, D C : U.S. G ov e rnm en t P rin tin g O ffice , a nn ua lly). U.S. D e p a rtm e n t o f C o m m e rc e , B ure au o f th e C e ns us , C e ns u s o f C o ns truc tion In d u s trie s (C C I): 1 9 6 7 ,1 9 7 2 ,1 9 7 7 ,1 9 8 2 ,1 9 8 7 , a nd 199 2; C e ns u s o f M a nu fac tu re s (CM ): 1 9 4 7 ,1 9 5 8 ,1 9 6 3 ,1 9 6 7 1 9 7 2 ,1 9 7 7 ,1 9 8 2 ,1 9 8 7 , a n d 199 2; C e n s u s of M ine ra l In d u s trie s (C M I): 1 9 5 4 ,1 9 5 8 ,1 9 6 3 ,1 9 6 7 ,1 9 7 2 ,1 9 7 7 ,1 9 8 2 ,1 9 8 7 , a n d 1992; C e ns u s o f R e ta il Trade (CR T): 1 9 5 8 ,1 9 6 3 ,1 9 6 7 ,1 9 7 2 ,1 9 7 7 ,1 9 8 2 ,1 9 8 7 , a nd 199 2; C e ns u s o f S erv ic e Ind u strie s (CSI): 1 9 5 8 ,1 9 6 3 ,1 9 6 7 ,1 9 7 2 ,1 9 7 7 , 1 9 8 2 .1 9 8 7 , a nd 1992; C e ns u s of T ra ns p orta tio n (CT): 1 9 6 3 ,1 9 6 7 ,1 9 7 2 ,1 9 7 7 , 1 9 8 2 .1 9 8 7 , a nd 1992; a n d C e ns u s o f W ho le s a le Trade (CW T): 1 9 5 8 ,1 9 6 3 ,1 9 6 7 , 1 9 7 2 .1 9 7 7 .1 9 8 2 .1 9 8 7 , a n d 1 99 2 (W as hing to n, D C: U .S. G ov e rnm en t P rintin g O ffice , q uin qu en n ia lly). U.S. D e p a rtm e n t o f C o m m e rc e , B ure au o f th e C ens us , E nte rp ris e S ta tistic s: 1954, 1 9 5 8 .1 9 6 3 .1 9 6 7 .1 9 7 2 .1 9 7 7 .1 9 8 2 .1 9 8 7 , a n d 1992 (W a s hin g to n, D C : U.S. G ov e rn m e n t P rin tin g O ffice , q uin q ue n nia lly). F e d era l C o m m u n ic a tio n s C o m m iss io n, S ta tistic s of C o m m u n ica tio ns C o m m on C a rrie rs (W a s hin g to n, D C : Fe deral C o m m un ic atio n s C o m m is sio n, a nn ua lly). U.S. D e p a rtm e n t o f C o m m e rc e , B ure au o f th e C e ns us , H istorica l S ta tis tic s o f the U n ited States, C o lon ia l T im es to 1 9 7 0 ,2 vols. (W as hing to n, D C : U.S. G ov e rnm en t P rin tin g O ffic e , 1975). Inte rsta te C o m m e rc e C o m m iss io n, T rans po rt S tatis tic s in th e U n ite d S ta te s (W as h ington , D C: U.S. G ov e rn m e n t P rin tin g O ffice , a n n ua lly). Fixed Assets and Consumer Durable Goods in the United States, 1925-97 K u z ne ts S im on K uz nets, C a pital in th e A m eric an E co no m y: Its F o rm a tion a n d F inan cing (P rin ce to n, N J: P rin ce to n U n iv e rs ity P ress, fo r th e N a tio na l B ure au o f E co no m ic R e se arc h, 1961). F o r 1 9 2 9 -9 4 , U.S. D e p a rtm e n t o f C o m m erc e, B urea u o f E c o n o m ic A na lys is , N a tio na l In co m e a n d P ro d uc t A c co u n ts o f th e U n ite d S ta te s , 1 9 2 9 -9 4 , 2 vols. (W a s hin g to n, D C: U.S. G ov e rn m e n t P rintin g O ffice , 1 99 8); a n d fo r 1 9 9 5 -9 6 , see S u r v e y 7 7 (A u g u s t 1997): 6 -1 6 7 . S ee th e fo llow ing ta b le s : C u rre n t-d o lla r e x p en d i ture s, ta b les 2 .6 ,5 .6 ,5 .8 , a nd 5 .1 4 a nd c h ain -ty p e q u a n tity a n d p rice indexes, ta b les 7 .5 ,7 .7 , 7.8, a nd 7.13. U.S. D e p a rtm e n t o f C o m m erc e, B urea u o f the C e ns us , A n nu a l S u rv e y o f O il a nd G as (W as hing to n, DC: U.S. G ov e rnm en t P rin tin g O ffice , a n n u a lly thro u g h 1982). U.S. D e p a rtm e n t o f C o m m erc e, B urea u o f th e C e ns us , P la n t a nd E qu ip m e nt S u rve y (u np ublish ed a nn u al d a ta fo r 1 9 4 7 -9 3 ). W illia m H. S haw, V alue o f C o m m o d ity O u tp u t S inc e 1 86 9 (P rin ce to n, N J: P rin c eton U n iv ers ity P ress, fo r the N a tiona l B urea u o f E c o n o m ic R e se arc h, 1947). U.S. D e p a rtm e n t o f the Treasury, Inte rna l R evenue S erv ic e, S tatis tic s o f Incom e: C o rp o ratio n Inco m e Tax R e tu rns ; S ta tis tic s o f In co m e : P artn e rs h ip In c om e Tax R e tu rns ; a nd S ta tis tic s o f Inco m e : N o nfa rm P ro p rie to rs h ip R e tu rn s (W as hing to n, D C: U.S. G ov e rn m e n t P rin tin g O ffice , a nn u ally ). NIPA O il & G a s P &E S ha w SO I TA Trend s UC U lm er U S DA U S DE M -15 Trade a s s o c ia tio n d a ta (pu b lish ed and u np u blis he d ). R o b e rt E . G a llm an , “C o m m od ity O u tp ut, 1 8 3 9 -9 9 ," a nd M a rv in W . To wn e a nd W ay ne D. R a sm us se n , “ Farm G ro s s P ro d uc t a n d G ro ss In v e s tm e n t in th e N in e te e n th C entury,” b o th in Trend s in th e A m e ric an E c on om y in th e N in etee n th C entury, S tu d ie s in Inc o m e a nd W e alth , v o l. 2 4 (P rinc e to n, N J: P rin c e to n U n iv e rs ity P re ss , fo r th e N a tio na l B urea u o f E c o no m ic R e s ea rc h , 1960). U n pu b lish ed d a ta fro m th e B urea u o f th e C e ns us . M e lv ille J . U lm er, C a pita l in Tran s po rta tio n, C o m m un ic atio ns , a n d P u blic U tilitie s : Its F o rm a tion a n d F in a nc in g (Prin c e to n , N J: P rin c eton U n iv ers ity P re s s fo r N a tio na l B ure au o f E c o no m ic R e s ea rc h , 1960). U.S. D e p a rtm e n t o f A gric u lture , Fa rm Inco m e S ta tis tic s ; S ta tis tic a l R e po rt, R ural T e lep ho ne B orrow ers ; a n d S ta tis tic a l R e po rt, R u ra l E le c tric B orro w ers (W a s h in gton , D C : U.S. G ov e rn m e n t P rin tin g O ffic e , a ll a nn ua lly). U.S. D e p a rtm e n t o f E d uc a tio n d a ta (un pu blish ed). w h o le s a le a n d r e ta il t r a d e , a n d s e r v ic e s, a n d b e g i n n in g i n v e s t m e n t to t a ls ( m o s tl y d u e to i n d u s t r y c o v e r a g e a n d w it h t h e 1 9 9 2 c e n s u s f o r m i n in g . d e f in i ti o n s o f in v e s t m e n t ) , p r o v id e o n ly a tw o - w a y T h e s e c o n d m a j o r s o u r c e o f d a t a , t h e c a p ita l f lo w t a b le s p r e p a r e d b y B E A a s p a r t o f th e i n p u t - o u t p u t s p li t b y ty p e o f a s s e t ( to t a l e q u i p m e n t a n d t o t a l s t r u c tu r e s ) , a n d a r e c la ss ifie d o n a c o m p a n y b a s is . o f in d u s try T h e f if th s o u r c e , t h e C e n s u s B u r e a u ’s a n n u a l c a p ita l i n v e s t m e n t b y ty p e o f a s s e t.35 T h e s e d a t a a r e la rg e ly e x p e n d i tu r e s s u r v e y (A C E S ), w h ic h r e p la c e d t h e P & E c o n s is te n t w i t h N I P A d e f in itio n s , b u t i n v e s t m e n t is s u r v e y in 1994, p r o v id e s d a t a o n a n n u a l c a p i ta l e x p e n (I-O ) a c c o u n t s , p r o v id e s d is tr ib u tio n s c la s s if ie d b y t h e u s in g , r a t h e r t h a n b y t h e o w n in g , i n d it u r e s f o r e q u i p m e n t a n d s t r u c t u r e s o f t h e c o m p a n ie s d u s tr y , a n d in d u s t r i e s a r e c la s s ifie d a c c o r d in g to th e s u r v e y e d .37 P e r io d ic a lly , 1 - 0 r a t h e r t h a n t h e N I P A c la s s if ic a tio n s y ste m ( t h o u g h d a t a a r e c o lle c te d . F o r e s tim a t e s f o r 1 9 9 2 - 9 3 , d a t a b o t h a r e b a s e d o n t h e S IC ). T h e s e d a t a a r e a v a ila b le f r o m b o t h th e A C E S s u r v e y a n d P & E s e r ie s a r e s o m e o n ly f o r 1 9 6 3 , 19 6 7 , 1 9 7 2 , 1 9 7 7 , 1 9 8 2 , a n d 1 9 9 2 .36 ( F o r ti m e s a v a ila b le . B E A e v a lu a te s th e q u a l it y o f e a c h a n d m o re d e t a il e d e x p e n d itu re a lis t o f N I P A in d u s t r i e s u s e d f o r n e t s to c k s , see ta b le u s e s w h i c h e v e r is d e e m e d t h e m o s t a c c u r a te f o r e a c h 3.1 in th i s p u b l i c a t i o n .) i n d u s t r y to e x t r a p o la t e N I P A e s tim a te s o f i n v e s t m e n t T h e t h i r d s o u r c e o f d a t a is t h e C e n s u s B u r e a u ’s a n in e q u i p m e n t a n d in s t r u c t u r e s b y i n d u s t r y .38 B e g i n n u a l s u r v e y o f m a n u f a c t u r e s ( A S M ) , w h ic h p r o v i d e s n in g w it h 1 9 9 4 , f o r m o s t n o n m a n u f a c t u r i n g i n d u s a n n u a l d a t a o n in v e s t m e n t in e q u i p m e n t a n d i n s t r u c tr ie s , N I P A e s ti m a t e s a r e e x t r a p o l a t e d u s in g A C E S tu r e s b y m a n u f a c t u r i n g in d u s tr i e s . T h is s u r v e y h a s d a ta . F o r m a n u f a c t u r i n g in d u s t r i e s , A S M d a t a a r e u s e d b e e n a v a ila b le f o r n o n c e n s u s y e a r s ( t h a t is, y e a r s in w h e r e v e r p o s s ib le . w h ic h a n e c o n o m ic c e n s u s w a s n o t c o n d u c t e d ) s in c e W h e r e th e i n d u s t r y d a t a d o n o t m e e t a ll o f t h e r e q u i r e m e n t s s ta t e d a b o v e , t h e y a r e s u p p l e m e n t e d b y 1949. T h e f o u r t h s o u r c e , th e C e n s u s B u r e a u ’s p l a n t a n d d a t a f r o m o t h e r s o u r c e s , as d e s c r ib e d in T a b le A a n d in e q u i p m e n t e x p e n d i tu r e s ( P & E ) s u rv e y , w h ic h w a s d is t h e s e c tio n o n “ I n v e s t m e n t c o n t r o l s b y i n d u s t r y ” b e c o n t i n u e d i n 1 9 9 3 , p r o v id e d a n n u a l d a t a f o r 1 9 4 7 to lo w . A d d itio n a lly , t h e s o u r c e d a t a f o r e a c h i n d u s t r y a r e 1993 o n i n v e s t m e n t in n o n r e s i d e n t i a l c a p ita l b y i n d u s a d j u s t e d so t h a t t h e c o n t r o l to ta ls a r e c o n s is te n t w it h t r y f o r c o m p a n ie s p r i m a r i l y e n g a g e d in n o n f a r m a c tiv r e s p e c t to d e f in i ti o n s a n d c o v e r a g e . S p e c ific a lly , a d j u s t itie s . T h e s e d a t a a r e n o t c o n s i s t e n t w i t h th e N IP A m e n ts a r e m a d e fo r : (1 ) I n d u s tria l c la s s if ic a tio n : E s t a b li s h m e n t- b a s e d 3 5 . T h e c a p it a l f lo w ta b le s t h r o u g h 1 9 9 2 d o n o t p r o v i d e d a t a o n i n d u s t r y s o u r c e d a t a t h a t a r e n o t c la s s ifie d a c c o r d in g to t h e 1 9 8 7 e x p e n d i t u r e s o n s o f t w a r e . E x p e n d i t u r e s o n s o f tw a r e w e r e n o t r e c o g n iz e d as S IC a r e c o n v e r te d to th i s b a s is , p r i m a r i l y u s i n g d a t a i n v e s tm e n t u n t i l t h e 1 9 9 9 N I P A c o m p r e h e n s iv e r e v is io n , a f t e r t h e r e le a s e o f f r o m t h e 1987 e c o n o m ic c e n s u s e s . t h e 1 9 9 2 1 - 0 a c c o u n ts . S e e R o b e r t P. P a r k e r a n d B r u c e G r i m m , “ R e c o g n i t i o n o f B u s in e s s a n d G o v e r n m e n t E x p e n d i t u r e s f o r S o f tw a r e a s I n v e s t m e n t : (2 ) E s ta b li s h m e n t b a s is : W h e r e n e c e ss a ry , i n d u s t r y M e t h o d o l o g y a n d Q u a n t i t a t i v e I m p a c ts , 1 9 5 9 - 9 8 ,” 2 0 0 0 . P a p e r p r e s e n t e d i n v e s t m e n t e s tim a t e s a r e a d j u s t e d to a n e s ta b l i s h m e n t t o BEA’s A d v i s o r y C o m m i t t e e , M a y 5 , 2 0 0 0 . A v a ila b le a t w w w .b e a .d o c .g o v / b e a / p a p e r s / s o f t w a r e .p d f . b a s is . T h e C e n s u s B u r e a u ’s P & E s e r ie s a n d t h e s e r ie s 3 6 . M o r e i n f o r m a t i o n o n t h e B E A c a p it a l f lo w ta b l e s is a v a ila b le : F o r t h e p u b l i s h e d b y t h e IR S in S ta tis tic s o f In c o m e a r e a d j u s t e d 1 9 9 2 c a p i t a l f lo w t a b le , s e e B e lin d a B o n d s a n d T i m A y lo r , “ I n v e s t m e n t in f r o m a c o m p a n y to a n e s t a b l i s h m e n t b a s is . T h e C e n s u s N e w S tr u c tu r e s a n d E q u ip m e n t in 1 9 9 2 b y U s in g I n d u s t r y ,” S u r v e y 78 ( D e c e m b e r 1 9 9 8 ) : 2 6 - 5 1 . T h e u n p u b l i s h e d 1 9 8 2 t a b l e is p r o v i d e d o n BEA ’s B u r e a u ’s A C E S s e r ie s is a d j u s t e d f r o m a n a c t iv it y b a s is W e b s it e a t w w w .b e a .g o v / b e a / d n 2 .h t m . F o r t h e 1 9 7 7 t a b le , s e e “ N e w S t r u c to a n e s ta b l i s h m e n t b a s is b e c a u s e a s in g le a c tiv ity , o r t u r e s a n d E q u i p m e n t b y U s in g I n d u s t r i e s , 1 977,” S u r v e y 6 5 ( N o v e m b e r 1 9 8 5 ): 2 6 - 3 5 ; f o r t h e 1 9 7 2 t a b l e , s e e U .S . D e p a r t m e n t o f C o m m e r c e , b u s in e s s s e g m e n t, m a y h a v e e s ta b l is h m e n t s i n m o r e B u r e a u o f E c o n o m i c A n a ly s is , N e w S tr u c tu r e s a n d E q u ip m e n t b y U sin g In d u s tr ie s , 19 7 2 : D e ta ile d E s t im a te s a n d M e th o d o lo g y , B E A S t a f f P a p e r N o . 3 5 , W a s h in g t o n , D .C .: U .S . G o v e r n m e n t P r i n t i n g O f f ic e , 1 9 8 0 ; a n d f o r t h e 3 7 . T h e C e n s u s B u r e a u ’s A C E S s e r ie s is n o t c o lle c t e d o n a n e s t a b l i s h m e n t 1 9 6 3 a n d 1 9 6 7 ta b l e s , s e e U .S . D e p a r t m e n t o f C o m m e r c e , B u r e a u o f E c o b a s is . I n s o m e c a s e s , t h e d a t a a r e c o l l e c t e d o n a c o m p a n y b a s is ; in o t h e r s , n o m i c A n a ly s is , I n t e r in d u s tr y T r a n s a c tio n s in N e w S tr u c tu r e s a n d E q u ip t h e d a ta a r e c o lle c te d o n a d i v is io n o r m a j o r a c t i v it y b a s is . m e n t, 1963 a n d 1 967, 2 nd v o l u m e , S p r i n g f i e l d , VA : N a t i o n a l T e c h n ic a l I n f o r m a t i o n S e r v ic e , 1 9 7 5 . 3 8 . T h e C e n s u s B u r e a u c o n d u c t e d p i l o t A C E S s u r v e y s in 1 9 9 2 a n d 1 9 9 3 a t t h e s a m e t i m e a s t h e P & E s u rv e y . Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -16 t h a n o n e in d u s tr y . F o r e x a m p le , a m a n u f a c t u r i n g a c t i v it y m a y a lso in c l u d e sa le s b r a n c h o ffic e s, w h ic h a re c la s s if ie d as w h o l e s a le e s ta b l is h m e n t s b y th e a n d f r o m t h e C e n s u s B u r e a u ’s E n te r p rise S ta tistic s. (7 ) S o f tw a r e . T h e s o u r c e d a t a f o r e a c h i n d u s t r y d o S IC . n o t in c lu d e e x p e n d i tu r e s f o r s o f tw a r e : T h e C e n s u s B u W h e r e t h e c o v e r a g e i n p r i n c i p a l s o u r c e d a t a o f in v e s t r e a u ’s A C E S s e r ie s in c lu d e d e x p e n d i tu r e s f o r s o f tw a r e m e n t e x p e n d i tu r e s f o r a n e s ta b l is h m e n t - b a s e d i n d u s t h a t is c a p ita l iz e d in c o m p a n y f in a n c ia l a c c o u n ts b e t r y is in c o m p le t e , t h e g a p s a r e fille d u s i n g e s tim a te s g i n n i n g in 1 9 9 5 ( m o s t s o f tw a r e , h o w e v e r , is n o t c a p i d e r iv e d f r o m s e c o n d a r y s o u r c e d a t a s u c h as e m p lo y ta liz e d ) . m e n t d a ta o r tr a d e so u rc e s. e x p e n d i tu r e s o n s o ftw a r e . T h e r e f o r e , s o f tw a r e e x p e n The A SM does not e x p lic itly in c lu d e (3 ) C e n t r a l a d m i n i s t r a t i v e o ffic e s a n d a u x ilia r ie s d i t u r e s a r e d i s t r i b u t e d in t h e f o llo w in g m a n n e r : F o r ( C A O ’s ). T h e S IC c la ssifie s a u x i lia r y e s ta b l is h m e n t s in p r e p a c k a g e d s o f tw a r e , e x p e n d i tu r e s a r e d i s t r i b u t e d to th e in d u s tr y th e y serve. W h e re so u rc e d a ta d o n o t in in d u s t r i e s b a s e d o n N I P A d a t a o n e x p e n d i tu r e s f o r c l u d e t h e m , s u c h as f o r m i n in g , c o n s t r u c t i o n , m a n u p e r s o n a l c o m p u te r s . f a c t u r in g , s o f tw a r e , e x p e n d i tu r e s a r e d i s t r i b u t e d to in d u s t r i e s and w h o le s a le tr a d e , BEA a d ju s t s th e i n v e s t m e n t e s ti m a t e s t o i n c lu d e th e m . F o r c u s to m and o w n -a c c o u n t b a s e d o n N I P A d a t a o n e x p e n d i tu r e s f o r c o m p u t e r (4 ) O w n e r s h i p b a s is : T o d e r iv e s to c k s b y e s ta b lis h p ro c e s so rs. m e n t - b a s e d i n d u s t r y o n a n o w n e r s h ip b a s is , s e v e r a l T h e s p e c ific s o u r c e s a n d d e r i v a t i o n o f e s tim a t e s o f c o n v e n t io n s a r e a d o p t e d . F irs t, le a s e d a s se ts e x c e p t i n v e s t m e n t in n o n r e s i d e n t i a l a n d r e s i d e n t ia l a ss e ts b y th o s e h e l d u n d e r c a p ita l le a se s a r e c la ss ifie d in t h e i n i n d u s t r y a n d o f n e t p u r c h a s e s o f u s e d a ss e ts a m o n g d u s t r y o f t h e le s s o r . A s s e ts h e l d u n d e r c a p ita l le a se s a r e s e c to r s a r e p r o v i d e d b e lo w . c la s s ifie d in t h e i n d u s t r y o f t h e le s s e e .39 S e c o n d , f o r a s s e ts u s e d in e s ta b l is h m e n t s o f m u l t i - i n d u s t r y c o m p a New nonresidential investment n ie s w h e r e t h e le g a l o w n e r o f t h e a s s e ts is th e p a r e n t E s ti m a te s o f i n v e s t m e n t f o r n e w n o n r e s i d e n t i a l a s se ts c o m p a n y , t h e a ss e ts a r e c la s s ifie d in t h e i n d u s t r y o f th e b y i n d u s t r y a r e g e n e r a lly d e r iv e d in f o u r s te p s . F ir s t, e s ta b l i s h m e n t a s s e ts c o n t r o l s f o r a n n u a l i n v e s t m e n t in t o t a l e q u i p m e n t a n d o w n e d b y m a n u f a c t u r e r s ' sa le s b r a n c h e s a n d o ffic e s a r e in t o t a l s t r u c t u r e s f o r e a c h i n d u s t r y a n d m a j o r i n d u s c la s s if ie d in th e w h o le s a le t r a d e in d u s tr y . F in a lly , a s se ts t r y g r o u p a r e d e r iv e d as d e s c r ib e d in th e s e c tio n o n o w n e d a n d u s e d b y n o n p r o f it in s titu tio n s th a t p r im a “ I n v e s t m e n t c o n t r o l s b y i n d u s t r y ” b e lo w . S e c o n d , l i m r ily s e r v e i n d i v id u a l s a r e c la s s ifie d in t h e r e a l e s ta te i n it e d m o d i f ic a t io n s , as d e s c r ib e d i n “ I n v e s tm e n t c o n d u s try tr o l s b y ty p e o f a sse t,” a r e m a d e to t h e N I P A e s tim a te s to w h e re p r o v id e th e y are used. c o n s is te n c y w ith T h ird , th e N IPA b u s in e s s - s e c to r t r e a t m e n t a n d i n d u s t r i a l c la s s if ic a tio n o f n e w i n v e s t m e n t b y t y p e o f a s s e t to m a k e th e s e e s ti o f th e s e a s s e ts . m a te s c o n s is te n t w it h t h e c o n c e p tu a l b a s is u n d e r ly i n g (5 ) E m p lo y e e - o w n e d a u to s : T h e s o u r c e d a t a f o r t h e n e t s to c k e s tim a te s . T h i r d , th e s e tw o s e r ie s a r e r e c e a c h i n d u s t r y d o n o t i n c lu d e e x p e n d i t u r e s f o r a u to s o n c ile d ; t h a t is, t h e i n d u s t r y c o n t r o l s a r e a d j u s t e d so o w n e d b y i n d i v id u a l s t h a t a r e u s e d w h o lly o r p a r t l y f o r t h a t to t a l e q u i p m e n t a n d t o t a l s t r u c t u r e s s u m m e d o v e r b u s in e s s p u r p o s e s . T h e r e f o r e , t h e p o r t i o n o f t h e e x a ll i n d u s t r i e s e q u a l t h e c o r r e s p o n d i n g a s se t to ta ls f r o m p e n d i t u r e s a t t r i b u t a b l e to b u s in e s s u s e a r e e s t i m a t e d as t h e m o d i f ie d N I P A e s tim a te s . ( T h e d if f e r e n c e s b e t w e e n d i s c u s s e d in t h e c h a p t e r o n “ D e r iv a t io n o f E s tim a te s o f th e s e tw o s e ts o f i n v e s t m e n t to ta ls a r e d u e to d if f e r P r iv a t e ly - O w n e d A u to m o b ile s .” e n c e s i n d e f i n i t i o n a n d m e a s u r e m e n t p r o b le m s w it h (6 ) E m p lo y e e - o w n e d tr u c k s . T h e s o u r c e d a t a f o r b o t h s e ts o f e s tim a te s . F o r t h e N I P A e s tim a te s o f i n e a c h i n d u s t r y d o n o t i n c lu d e e x p e n d i tu r e s f o r tr u c k s v e s t m e n t in fix e d a s s e ts , t h e s e p r o b le m s in c lu d e t h e o w n e d b y i n d i v id u a l s t h a t a r e u s e d w h o lly o r p a r t l y f o r u s e o f s h i p m e n t s d a t a to e s ti m a t e p u r c h a s e s o f e q u i p b u s in e s s p u r p o s e s . T h e r e f o r e , t h e p o r t i o n o f t h e e x m e n t a n d t h e a l lo c a t io n o f t h e s e p u r c h a s e s a m o n g f in a l p e n d i t u r e s a t t r i b u t a b l e t o b u s in e s s u s e a r e e s ti m a t e d u s e rs . F o r t h e e s tim a t e s o f i n v e s t m e n t b y in d u s tr y , th e y u s in g d a t a f r o m t h e C e n s u s o f T r a n s p o r t a t i o n T r u c k in c lu d e g a p s in c o v e r a g e .) T h e a d j u s t m e n t s a r e e i t h e r I n v e n t o r y a n d U s e S u rv e y , f r o m N I P A d a t a o n in v e s t p r o r a t e d a m o n g a ll i n d u s t r i e s o r a d d e d to a fe w i n d u s m e n t , f r o m t h e c a p i ta l f lo w ta b le s f o r 1 9 8 2 a n d 1 9 9 2 , tr ie s b a s e d o n BEA’s a s s e s s m e n t o f t h e r e la tiv e q u a l it y o f t h e v a r io u s s o u r c e s o f i n d u s t r y in v e s t m e n t d a t a . F i 39. C a p it a l e x p e n d i t u r e s d a t a f o r t h e m i n i n g , c o n s t r u c t i o n , m a n u f a c t u r in g , t r a d e , a n d s e r v ic e i n d u s t r i e s f r o m t h e e c o n o m i c c e n s u s e s i n c l u d e c a p i ta l le a s e s , w h i c h c o r r e s p o n d s w i t h N I P A c o n v e n t i o n s . C a p it a l e x p e n d i t u r e s f o r t h e a g r i c u l t u r e , t r a n s p o r t a t i o n , c o m m u n i c a t i o n , u t il iti e s , a n d f i n a n c e n a lly , d i s t r i b u t i o n s o f i n d u s t r y i n v e s t m e n t b y a s se t f r o m t h e c a p ita l f lo w ta b le s a r e u s e d to d i s t r i b u t e t h e a d j u s t e d i n d u s t r y to ta ls to d e t a ile d a sse ts. I n th is f in a l i n d u s t r i e s a r e a d j u s t e d t o a c c o u n t f o r c a p it a l le a s in g . C a p it a l le a s e s a r e p r o c e s s , a n ite r a tiv e p r o c e d u r e is u s e d to e n s u r e th a t: d e f in e d h e r e a s i n c l u d i n g “ f u l l - p a y o u t ” a n d “e q u i t y ” le a s e s a n d a r e in c l u d e d ( 1 ) T h e d e t a ile d a s se t e s tim a t e s s u m m e d o v e r a ll i n in t h e i n d u s t r y o f t h e le s s e e . A ls o i n c l u d e d in t h e i n d u s t r y o f t h e le s s e e a re a s s e ts r e la te d to s a le a n d le a s e b a c k a r r a n g e m e n t s a n d a s s e ts r e la te d t o “sa fe d u s tr ie s e q u a l t h e c o r r e s p o n d i n g N I P A e s tim a te s ; a n d h a r b o r ” le a se s f o r t h e p e r i o d 1 9 8 1 - 8 3 . (2 ) t h e to ta ls f o r e q u i p m e n t a n d f o r s t r u c t u r e s f o r e a c h Fixed Assets and Consumer Durable Goods in the United States, 1925-97 i n d u s t r y a p p r o x im a te as c lo s e ly as p o s s ib le th e c o n t r o l s M -17 d u s t r y a r e b a s e d o n e x p e n d i t u r e s d a t a f o r e s ta b l is h d e r iv e d in th e f ir s t s te p . A s t h e s o u r c e d a t a f o r e a c h m e n ts in d u s try d o m i n e r a l in d u s t r i e s f o r 1 9 5 4 , 1 9 5 8 , 1 9 6 3 , 1 9 6 7 , 1 9 7 2 , n o t in c lu d e e x p e n d i tu r e s f o r s o f tw a r e , s o f tw a r e e x p e n d i tu r e s a re d is trib u te d to i n d u s tr i e s w it h p a y r o ll a v a ila b le fro m th e census of 1 9 7 7 , 1 9 8 2 ,1 9 8 7 , a n d 1 9 9 2 . D a ta f o r e q u i p m e n t o n ly is b a s e d o n N I P A d a t a o n e x p e n d i tu r e s f o r p e r s o n a l c o m a v a ila b le f o r 1 9 3 9 . E x p e n d i t u r e s f o r t h e o il a n d g a s e x p u t e r s ( f o r p r e p a c k a g e d s o f tw a r e ) a n d o n N I P A d a t a t r a c t i o n i n d u s t r y a r e a d j u s t e d to i n c lu d e e s ta b l is h o n e x p e n d i tu r e s f o r c o m p u t e r p r o c e s s o r s ( f o r c u s to m m e n t s w i t h o u t p a y r o ll, u s in g d a t a o n t h e v a lu e o f a n d o w n - a c c o u n t s o f tw a r e ) . s h ip m e n ts fro m th e C e n s u s B u re a u s a n n u a l s u rv e y o f I n v e s t m e n t c o n tr o ls b y in d u s tr y . A s s u m m a r i z e d o il a n d gas. D a ta a r e n o t a v a ila b le f o r m a k in g s im ila r a b o v e , t h e f ir s t s te p in c o n s t r u c t i n g e s tim a te s o f in v e s t a d j u s t m e n t s to o t h e r m i n i n g i n d u s tr i e s ; i n v e s t m e n t b y m e n t in n e w n o n r e s i d e n t i a l fix e d a ss e ts b y i n d u s t r y is e s ta b l is h m e n t s w i t h o u t p a y r o ll in th e s e o t h e r i n d u s t h e d e r iv a ti o n o f c o n t r o l s f o r a n n u a l i n v e s t m e n t in t o tr i e s is c o n s id e r e d to b e v e r y s m a ll. T h e c e n s u s d a t a f o r ta l e q u i p m e n t a n d to t a l s t r u c t u r e s f o r e a c h i n d u s t r y a ll m i n i n g i n d u s t r i e s a r e a d j u s t e d to in c lu d e in v e s t a n d m a j o r i n d u s t r y g r o u p . To p r e p a r e s to c k e s tim a te s m e n t b y C A O ’s u s in g in v e s t m e n t d a t a f r o m t h e C e n s u s fo r e a c h in d u s tr y b e g in n in g w ith 1947, BEA m u s t d e B u r e a u ’s E n te r p rise S ta tistic s. r iv e c o n t r o l to t a ls f o r i n v e s t m e n t in n e w n o n r e s i d e n t i a l E s tim a te s o f i n v e s t m e n t i n s t r u c t u r e s f o r t h e o il a n d f ix e d a ss e ts b y i n d u s t r y b a c k t o e a r lie r y e a r s (1 9 2 1 f o r g a s e x t r a c ti o n i n d u s t r y — w h ic h in c lu d e e x p e n d i tu r e s m o s t ty p e s o f e q u i p m e n t a n d b e f o r e 1 9 0 0 f o r m o s t f o r p l a n t s a n d b o t h c a p ita l iz e d a n d e x p e n s e d d r illin g ty p e s o f s t r u c t u r e s ) . T o d e r iv e s to c k e s tim a t e s b y m a j o r a n d e x p l o r a ti o n c o s ts — b e g i n n i n g w i t h 1 9 9 4 a r e e x i n d u s t r y g r o u p f o r 1 9 2 5 - 1 9 4 6 , it is n e c e s s a r y to d e r iv e t r a p o l a t e d u s in g A C E S d a t a a n d N I P A d a t a o n in v e s t c o n t r o l to t a ls f o r i n v e s t m e n t in n e w n o n r e s i d e n t i a l m ent f ix e d a s s e ts f o r f a r m s , f o r m a n u f a c t u r i n g , a n d f o r n o n b e t w e e n 1947 a n d 1 9 9 3 , e s ti m a t e s a r e d e r iv e d b y i n t e r fa rm n o n m a n u fa c tu rin g b e fo re 1900. p o l a t i n g b e tw e e n a n d e x t r a p o l a t i n g f r o m c e n s u s y e a r F o r e a r ly y e a rs f o r w h ic h n e i t h e r c a p i ta l e x p e n d i in m in in g s tru c tu re s . For n oncensus y e a rs e s tim a t e s u s in g P & E d a t a a n d N I P A d a t a f o r in v e s t t u r e s d a t a n o r b a la n c e s h e e t d a t a a r e a v a ila b le f o r a m e n t in m i n i n g s t r u c t u r e s . E s tim a t e s f o r y e a r s b e f o r e p a r t i c u l a r in d u s tr y , t h e i n v e s t m e n t e s tim a t e s a r e i n t e r 1 9 4 7 a r e e x t r a p o la t e d u s in g t h e f o ll o w in g s o u r c e s : F o r p o l a t e d a n d e x t r a p o la t e d u s in g r e l a te d d a t a o n e x p e n 1 9 2 9 - 1 9 4 6 , t h e N I P A s e r ie s o n i n v e s t m e n t in p e t r o d i t u r e s f o r t h e ty p e s o f f ix e d a ss e ts p u r c h a s e d b y th e l e u m a n d n a t u r a l g a s e x p l o r a t i o n , s h a f ts , a n d w e lls; f o r in d u s tr y . F o r t h e m o s t r e c e n t y e a r, w h e r e i n d u s t r y c a p 1 9 0 1 - 1 9 2 8 , d a t a o n t h e v a lu e o f p e t r o l e u m p r o d u c t i o n ita l e x p e n d i tu r e s d a t a a r e n o t y e t a v a ila b le , i n d u s f r o m t h e C e n s u s B u r e a u ’s H is to r ic a l S ta tistic s o f th e tr y - s p e c if ic i n d i c a t o r s e r ie s a n d N I P A i n v e s t m e n t d a t a U n ite d S ta te s.41 b y t y p e o f a s s e t a re u s e d to e s ti m a t e i n v e s t m e n t in fix e d E s tim a te s o f i n v e s t m e n t i n s t r u c t u r e s f o r o t h e r m i n in g in d u s t r i e s b e g i n n i n g w i t h 1 9 9 4 a r e e x t r a p o l a t e d a ss e ts b y in d u s tr y . F a rm s. E s ti m a te s o f i n v e s t m e n t b y t h e f a r m i n d u s t r y u s in g A C E S d a t a a n d N I P A d a t a . F o r n o n c e n s u s y e a r s b e g i n n i n g w it h 1910 a re b a s e d o n in v e s tm e n t d a ta b e t w e e n 1947 a n d 1 9 9 3 , e s ti m a t e s a r e d e r iv e d b y i n t e r a v a ila b le f r o m t h e U .S . D e p a r t m e n t o f A g r ic u ltu r e p o l a t i n g b e tw e e n a n d e x t r a p o l a t i n g f r o m c e n s u s y e a r (U S D A ) a n d o n N I P A d a t a . tra p o la te d u s in g t h e T h e s e e s tim a te s a r e e x e s tim a t e s o f G a llm a n and e s tim a t e s u s in g t h e P & E d a t a a n d N I P A d a ta . E s ti m a te s of f o r y e a r s b e f o r e 1 9 4 7 a r e e x t r a p o l a t e d u s in g d a t a o n T o w n e a n d R a s m u s s e n to d e r iv e e s tim a te s f o r e a r l ie r t h e v a lu e o f m i n i n g p r o d u c t i o n b y i n d u s t r y f r o m H is y e a r s .40 to ric a l S ta tistic s. A g r ic u ltu r a l services, fo re stry , a n d fish e rie s. E s tim a te s E s tim a te s o f i n v e s t m e n t in e q u i p m e n t b y m i n i n g i n o f i n v e s t m e n t b y t h e A g r ic u lt u r a l s e rv ic e s, f o r e s tr y , a n d d u s tr ie s b e g i n n i n g w i t h 1 9 9 4 a r e e x t r a p o l a t e d u s in g f is h e r ie s i n d u s t r y b e g i n n i n g w i t h 1 9 9 4 a r e e x t r a p o A C ES d a ta a n d N IP A d a ta . F o r n o n c e n s u s y ea rs b e la te d u s in g A C E S d a t a a n d N I P A d a t a . F o r 1 9 4 7 - 1 9 9 3 , tw e e n 1 9 4 7 a n d 1 9 9 3 , e q u i p m e n t e s tim a t e s a r e d e r iv e d e s tim a t e s a r e b a s e d o n P & E d a t a a n d N I P A d a t a . T h e s e b y in te rp o la tin g b e tw e e n a n d e x tra p o la tin g fro m c e n e s tim a t e s a r e e x t r a p o la t e d u s in g t h e i n v e s t m e n t e s ti s u s y e a r e s tim a te s u s in g t h e P & E d a t a a n d N I P A d a t a . m a te s f o r t h e f a r m s i n d u s t r y to d e r iv e e s tim a t e s f o r th e F o r y e a rs b e f o r e 1 9 4 7 , e s tim a t e s a r e e x t r a p o l a t e d u s in g y e a rs b e f o r e 1947. M in in g . E s ti m a te s o f i n v e s t m e n t i n t h e m i n i n g in - d a t a o n t h e v a lu e o f s h i p m e n t s o f m i n i n g a n d o il f ie ld e q u ip m e n t fro m th e c e n su s o f m a n u fa c tu re s fo r 1925, 1927, 1929, 1933, 1935, a n d 1939, a n d a n n u a l d a ta o n 40. R o b e r t E. G a l lm a n , “ C o m m o d i t y O u t p u t , 1 8 2 9 - 1 8 9 9 ” a n d M a r v i n W . T o w n e a n d W a y n e D . R a sm u ss e n , “ F a rm G ro s s P ro d u c t a n d G ro ss In v e st th e v alu e o f m in in g p r o d u c tio n b y in d u s tr y fro m m e n t i n t h e N i n e t e e n t h C e n tu r y ,” i n T r en d s in th e A m e r i c a n E c o n o m y in th e N i n e t e e n t h C e n tu r y , S t u d i e s in I n c o m e a n d W e a lth , v o l. 2 4 ( P r i n c e t o n , N J: 4 L U .S . D e p a r t m e n t o f C o m m e r c e , B u r e a u o f t h e C e n s u s , H i s to r ic a l S t a P r i n c e t o n U n iv e r s i ty P r e ss , f o r t h e N a t i o n a l B u r e a u o f E c o n o m i c R e s e a r c h , tis tic s o f th e U n ite d S ta te s , C o lo n ia l T im e s to 1 9 7 0 ,2 v o ls. ( W a s h i n g t o n , D .C .: 1 960). U .S . G o v e r n m e n t P r i n t i n g O ff ic e , 1 9 7 5 ) . Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -18 1 9 2 1 - 1 9 4 0 , t h e e s tim a t e s o f C h a w n e r , K u z n e ts , a n d H isto r ic a l S ta tistic s. C o n str u c tio n . E s tim a t e s o f i n v e s t m e n t f o r e s ta b lis h m e n ts w i t h p a y r o ll in t h e c o n s t r u c t i o n i n d u s t r y a r e S h aw .43 F o r y e a r s b e f o r e 1 9 4 7 , s t r u c t u r e s e s tim a t e s a r e e x t r a p o la t e d u s in g t h e f o llo w in g s o u rc e s : F o r 1 9 2 9 - a v a ila b le f r o m t h e c e n s u s o f c o n s t r u c t i o n i n d u s t r i e s f o r 1 9 4 6 , t h e N I P A e s tim a t e s o f i n v e s t m e n t in i n d u s t r i a l 1 9 6 7 , 19 7 2 , 1 9 7 7 , 1 9 8 2 , 1 9 8 7 , a n d 1 9 9 2 . T h e s e e s ti b u il d in g s ; f o r 1 9 1 5 - 1 9 2 8 , e s tim a te s o f t h e v a lu e o f n e w m a te s a r e a d j u s t e d to i n c lu d e e s ta b l is h m e n t s w i t h o u t c o n s t r u c t i o n p u t in p la c e f o r i n d u s t r i a l b u il d in g s f r o m p a y r o ll u s in g r e c e ip ts d a t a f r o m t h e c e n s u s e s a n d a re t h e U .S . D e p a r t m e n t o f C o m m e r c e ’s C o n s tr u c tio n S ta a d j u s t e d t o i n c lu d e C A O ’s u s in g i n v e s t m e n t d a t a f r o m tistics 1 9 1 5 -1 9 6 4 ; 44 a n d f o r 1 9 0 0 - 1 9 1 4 , b a l a n c e s h e e t E n te r p rise S ta tistic s. C e n s u s e s tim a te s f o r s u b d iv id e r s d a t a f r o m t h e c e n s u s o f m a n u f a c t u r e s f o r 1 9 0 0 , 1904, a n d d e v e lo p e r s a r e e x c lu d e d b e c a u s e th e s e e s ta b lis h 1 9 0 9 , a n d 1 9 1 4 a n d th e F.W . D o d g e s e r ie s o n t h e v a lu e m e n ts a r e c la s s if ie d b y t h e S I C in t h e r e a l e s ta te i n d u s o f c o n s t r u c t i o n c o n t r a c t a w a r d s f r o m H isto r ic a l S ta t is t r y ( S I C 6 5 ). tics. E s tim a t e s o f i n v e s t m e n t in s t r u c t u r e s b e g i n n in g M o t o r v e h ic le i n d u s t r y e q u i p m e n t e s tim a t e s b e f o r e w it h 1 9 9 4 a r e e x t r a p o l a t e d u s in g A C E S d a t a a n d N IP A 1972 a r e a d j u s t e d to in c lu d e i n v e s t m e n t in s p e c ia l to o ls d a t a . F o r n o n c e n s u s y e a r s b e tw e e n 1 9 4 7 - 1 9 9 3 , e s ti a n d d ie s , w h ic h is e x c lu d e d f r o m t h e p r e - 1 9 7 2 c e n s u s m a te s a r e d e r iv e d b y i n t e r p o l a t i n g b e tw e e n a n d e x d a ta . E s tim a te s o f i n v e s t m e n t f o r t h e i n d u s t r i a l m a t r a p o l a t i n g f r o m c e n s u s y e a r e s tim a te s u s in g P & E d a t a c h in e ry a n d e q u ip m e n t in d u s tr y fo r c e n su s y ears p rio r a n d N I P A d a t a . F o r y e a r s b e f o r e 1 9 4 7 , s t r u c t u r e s e s ti to 1982 a r e a d j u s t e d to in c lu d e t h e v a lu e o f c o m p u te r s m a te s a r e e x t r a p o l a t e d u s in g th e f o llo w i n g s o u rc e s : F o r le a s e d t o o t h e r i n d u s t r i e s .45 1 9 2 1 - 1 9 4 6 , t h e e s tim a t e s o f B o d d y a n d G o r t; a n d f o r R a ilr o a d tr a n sp o r ta tio n . E s ti m a te s o f i n v e s t m e n t in 1 9 0 0 - 1 9 2 0 , t h e F.W . D o d g e se r ie s o n t h e v a lu e o f c o n s t r u c t u r e s b y t h e r a il r o a d i n d u s t r y b e g i n n i n g w it h s t r u c t i o n c o n t r a c t a w a r d s f r o m H isto r ic a l S ta tistic s ,42 1 9 2 9 a r e b a s e d o n th e N I P A s e r ie s o n i n v e s t m e n t in E s ti m a te s o f i n v e s t m e n t in e q u i p m e n t b e g i n n in g r a i l r o a d s tr u c t u r e s . E s tim a te s o f i n v e s t m e n t in r e p la c e w it h 1993 a r e e x t r a p o l a t e d u s in g A C E S d a t a a n d N IP A m e n t tr a c k f o r t h e y e a r s b e f o r e 1 9 2 9 a r e b a s e d o n d a t a d a t a . F o r n o n c e n s u s y e a r s b e tw e e n 1 9 4 7 a n d 1 9 9 2 , e s ti p u b li s h e d b y t h e I n te r s ta te C o m m e r c e C o m m is s io n m a te s a r e d e r iv e d b y i n t e r p o l a t i n g b e tw e e n a n d e x ( I C C ) in T r a n sp o rt S ta tis tic s in th e U n ite d S ta tes.46 E s ti t r a p o l a t i n g f r o m c e n s u s y e a r e s tim a te s u s in g th e P & E m a te s o f i n v e s t m e n t in s t r u c t u r e s o t h e r t h a n r e p la c e d a t a a n d N I P A d a t a o n in v e s t m e n t in c o n s t r u c t i o n m e n t tr a c k f o r t h e y e a r s b e f o r e 1929 a r e b a s e d o n th e tr a c t o r s a n d o t h e r m a c h in e r y . F o r y e a r s b e f o r e 1 9 4 7 , f o llo w in g s o u rc e s : F o r 1 9 1 5 - 1 9 2 8 , t h e d a t a o n th e e q u i p m e n t e s tim a t e s a r e e x t r a p o la t e d u s in g t h e e s ti v a lu e o f n e w c o n s t r u c t i o n p u t in p la c e f o r r a il r o a d s m a te s o f B o d d y a n d G o r t. fro m M a n u fa c tu r in g . E s tim a t e s o f i n v e s t m e n t in t h e m a n C o n s tr u c tio n S ta tistic s, 1 9 1 5 -1 9 6 4 ; and for 1 9 0 0 - 1 9 1 4 , d a t a f r o m a s t u d y b y M e lv ille U lm e r .47 u f a c t u r i n g i n d u s t r y a r e a v a ila b le f o r e s ta b l is h m e n t s I n v e s t m e n t e s tim a t e s f o r e q u i p m e n t b e g i n n i n g w it h w it h p a y r o l l f r o m t h e c e n s u s o f m a n u f a c t u r e s f o r 1 9 4 7 , 1 9 9 4 a r e e x t r a p o l a t e d u s in g A C E S d a t a a n d N I P A d a ta . 1954, 1958, 1963, 1967, 1972, 1977, 1982, 1987, a n d F o r 1 9 7 7 - 1 9 9 3 , e s tim a t e s a r e b a s e d o n P & E d a t a a n d 1 9 9 2 . B e g in n i n g w i t h 1 9 7 7 , a d j u s t m e n t s a r e m a d e to N I P A d a t a . B e f o r e 1 9 7 7 , e s tim a t e s a r e b a s e d o n c a p ita l in c lu d e e s ta b l is h m e n t s w i t h o u t p a y r o ll ( th e a d j u s t e x p e n d i tu r e s d a t a f r o m T r a n sp o rt S ta tistic s a n d th e m e n t is c a r r i e d f o r w a r d t o 1 9 9 7 ). B e f o r e 1 9 7 7 , n o d a t a a r e a v a ila b le f o r m a k in g t h e a d j u s t m e n t s , b u t in v e s t m e n t b y th e s e e s ta b l is h m e n t s is v e r y s m a ll. T h e c e n s u s 4 3 . L o w e ll J. C h a w n e r , “ C a p it a l E x p e n d i t u r e s f o r M a n u f a c t u r i n g P l a n t a n d E q u i p m e n t — 1 9 1 5 t o 1 940,” S u r v e y 21 ( M a r c h 1 9 4 1 ) : 9 - 1 5 ; “ C a p i ta l E x p e n d i t u r e s i n S e le c te d M a n u f a c t u r i n g I n d u s t r i e s ,” S u r v e y 21 ( D e c e m b e r d a t a f o r a ll m a n u f a c t u r i n g in d u s t r i e s a r e a d j u s t e d to 1 9 4 1 ) : 1 9 - 2 6 ; a n d “C a p it a l E x p e n d i t u r e s in S e le c te d M a n u f a c t u r i n g I n d u s in c lu d e i n v e s t m e n t b y C A O ’s, u s in g i n v e s t m e n t d a t a t r ie s , P a r t II,” S u r v e y 2 2 ( M a y 1 9 4 2 ) : 1 4 - 2 3 . S i m o n K u z n e ts , C a p i ta l in th e f r o m E n te r p rise S ta tistic s. A m e r ic a n E c o n o m y : It s F o r m a t io n a n d F in a n c in g ( P r i n c e t o n , N J ) : P r i n c e t o n U n iv e r s i ty P r e s s , f o r t h e N a t io n a l B u r e a u o f E c o n o m i c R e s e a r c h , 1 9 6 1 . W il E s tim a t e s o f i n v e s t m e n t in e q u i p m e n t a n d s t r u c tu r e s f o r n o n c e n s u s y e a r s b e g i n n in g w it h 1 9 4 7 a r e d e r iv e d b y i n t e r p o l a t i n g b e t w e e n a n d e x t r a p o l a t i n g f r o m c e n s u s y e a r e s tim a t e s u s in g c a p ita l e x p e n d i tu r e s d a t a f r o m th e A S M a n d N I P A d a ta . F o r y e a r s b e f o r e 1947, li a m H . S h a w , V a lu e o f C o m m o d it y O u t p u t S in c e 1 8 6 9 ( P r i n c e t o n , N J ) : P r i n c e t o n U n iv e r s i ty P r e s s , f o r t h e N a t io n a l B u r e a u o f E c o n o m i c R e s e a rc h , 1 947. 4 4 . U .S D e p a rtm e n t o f C o m m e rc e , B u s in e s s and D e fe n se S e rv ic e s A d m i n i s t r a t i o n , C o n s tr u c tio n S ta tis tic s 1 9 1 5 -6 4 ; A S u p p l e m e n t To C o n s tr u c tio n R e v i e w ( W a s h i n g t o n , D . C .:U .S . G o v e r n m e n t P r i n t i n g O ff ic e , 19 6 6 ) 4 5 . T h e s e a d j u s t m e n t s a r e n o t m a d e t o t h e e s t im a te s f o r c e n s u s y e a r s a f te r e q u i p m e n t i n v e s t m e n t e s tim a te s a r e e x t r a p o l a t e d u s 1 9 8 2 b e c a u s e le a s e d c o m p u t e r s a r e i n c l u d e d in t h e d a t a o n e q u i p m e n t in g t h e f o llo w i n g s o u r c e s : F o r 1 9 4 1 - 1 9 4 6 , t h e N I P A s e e x p e n d i t u r e s f r o m t h e c e n s u s o f m a n u f a c t u r e s a n d f r o m E n te r p r is e S t a t is r ie s fo r in v e s tm e n t in in d u s t r i a l e q u i p m e n t ; for tics. 4 6 . I n t e r s t a t e C o m m e r c e C o m m i s s io n , T r a n sp o r t S ta tis tic s in th e U n ite d S ta te s, W a s h in g t o n D .C : U .S . G o v e r n m e n t P r i n t i n g O ff ic e , a n n u a ll y . 4 2. R a y f o r d B o d d y a n d M ic h a e l G o r t , “ C a p it a l E x p e n d i t u r e s a n d C a p ita l 4 7 . M e lv ille J. U lm e r , C a p i ta l in T r a n sp o r ta tio n , C o m m u n ic a tio n s , a n d S to c k s ,” A n n a ls o f E c o n o m ic a n d S o c ia l M e a s u r e m e n t, 1 9 7 3 ; a n d “ T h e D e r i P u b lic U tilitie s: Its F o r m a t io n a n d F in a n c in g ( P r i n c e t o n , N J ) : P r i n c e t o n U n i v a ti o n o f I n v e s t m e n t E x p e n d i t u r e s a n d C a p ita l S to c k s ,” M i m e o , 1 968. v e r s i ty P r e s s , f o r N a t i o n a l B u r e a u o f E c o n o m i c R e s e a r c h , 1 9 6 0 . Fixed Assets and Consumer Durable Goods in the United States, 1925-97 A m e r ic a n A s s o c ia tio n o f R a ilr o a d s , o n t h e N I P A s e r ie s e x t r a p o la t in g f r o m o n in v e s t m e n t in r a il r o a d e q u i p m e n t , a n d o n P & E d a ta . P & E s e r ie s a n d N I P A d a ta . L o c a l a n d in te r u r b a n p a sse n g e r tra n sit. E s ti m a te s o f in v e s t m e n t in s t r u c t u r e s b y t h e lo c a l a n d i n t e r u r b a n passen ger tra n s it M -19 c e n s u s y e a r e s ti m a t e s u s in g th e F o r n o n c e n s u s y e a r s b e t w e e n 1 9 4 0 a n d 1 9 7 7 , e s ti m a te s o f i n v e s t m e n t b y t h e r e g u la te d p o r t i o n o f t h e i n d u s t r y a r e b a s e d o n b a la n c e s h e e t d a t a f r o m T r a n sp o r t in d u s tr y b e g in n in g w ith 1994 a re S ta tistic s. F o r y e a r s b e f o r e 1 9 4 0 , e s tim a t e s a r e e x t r a p o e x t r a p o l a t e d u s in g A C E S d a t a a n d N I P A d a ta . F o r la te d u s in g t h e f o llo w in g s o u r c e s : F o r 1 9 2 9 - 1 9 3 9 , t h e 1 9 7 3 - 1 9 9 3 , e s ti m a t e s a r e b a s e d o n P & E d a t a a n d N IP A N I P A s e r ie s o n i n v e s t m e n t in tr u c k s , b u s e s , a n d t r u c k d a t a . B e f o r e 1 9 7 3 , s t r u c t u r e s e s tim a t e s a r e d e r iv e d f o r tr a ile r s ; a n d f o r e s tim a t e s b e f o r e 1 9 2 9 , d a t a f r o m U l tw o c a te g o r ie s : E le c tr ic r a ilw a y a n d t r o l le y a n d “o th e r .” m e r ’s s tu d y a n d f r o m t h e A m e r ic a n T r u c k in g A s s o c i a F o r e le c tr i c r a ilw a y a n d tro lle y , th e f o llo w in g s e r ie s a r e ti o n . u s e d : F o r 1 9 5 9 - 1 9 7 2 , b a l a n c e s h e e t d a t a f r o m T ra n s W a te r tr a n sp o r ta tio n . E s tim a te s o f i n v e s t m e n t in p o r t S ta tistic s a n d P & E d a ta ; f o r 1 9 1 5 - 1 9 5 8 , t h e s e r ie s s t r u c t u r e s in t h e w a te r t r a n s p o r t a t i o n i n d u s t r y b e g i n o n t h e v a lu e o f n e w c o n s t r u c t i o n p u t in p la c e f o r lo c a l n in g w i t h 1 9 9 4 a r e e x t r a p o l a t e d u s in g A C E S d a t a a n d t r a n s i t f r o m C o n s tr u c tio n S ta tistic s, 1 9 1 5 -1 9 6 4 ; a n d f o r N I P A d a ta . F o r 1 9 7 7 - 1 9 9 3 , e s ti m a t e s a r e b a s e d o n P & E e s tim a te s b e f o r e 1 9 1 5 , d a t a f r o m U l m e r ’s s tu d y . F o r t h e d a t a a n d N IP A d a t a . E s tim a t e s f o r 1 9 4 0 - 1 9 7 6 a r e b a s e d “o t h e r ” c a te g o ry , t h e f o llo w in g s o u r c e s a r e u s e d : F o r o n b a l a n c e s h e e t d a t a f r o m T r a n sp o r t S ta tis tic s a n d o n e s tim a te s f o r d a ta P & E d a t a ; a n d b e f o r e 1 9 4 0 , e s tim a t e s a r e e x t r a p o l a t e d f r o m T r a n sp o r t S ta tis tic s a n d P & E d a t a ; a n d f o r e s ti 1 9 4 0 - 1 9 7 2 , c a p ita l e x p e n d i tu r e s u s in g d a t a f r o m H is to r ic a l S ta tis tic s o n t h e n u m b e r o f m a te s b e f o r e 1 9 4 0 , d a t a f r o m U l m e r ’s s tu d y . s h ip s b u ilt. E s tim a t e s o f i n v e s t m e n t in e q u i p m e n t b e g i n n i n g E s tim a te s o f i n v e s t m e n t in e q u i p m e n t b e g i n n i n g w it h 1 9 9 4 a r e e x t r a p o la t e d u s in g A C E S d a t a a n d N IP A w i t h 1 9 9 4 a r e e x t r a p o l a t e d u s in g A C E S d a t a a n d N I P A d a t a . F o r 1 9 7 3 - 1 9 9 3 , e s tim a te s a r e b a s e d o n P & E d a t a d a t a . F o r 1 9 7 7 - 1 9 9 3 , e s tim a t e s a r e b a s e d o n P & E d a t a a n d N I P A d a t a . B e fo re 1 9 7 3 , e q u i p m e n t e s tim a t e s a r e a n d N I P A d a ta . E s tim a t e s f o r 1 9 4 0 - 1 9 7 6 a r e b a s e d o n d e r iv e d s e p a r a t e ly f o r f o u r c a te g o r ie s : th e B u s e s , e le c t r i c f o llo w in g s o u rc e s : B a la n c e sheet d a ta fro m r a ilw a y a n d tro lle y , ta x ic a b s , a n d “a ll o th e r .” F o r b u s e s , T ra n sp o r t S ta tistic s, t h e N I P A s e r ie s o n i n v e s t m e n t in t h e e s tim a t e s f o r 1 9 4 0 - 1 9 7 2 a r e b a s e d o n c a p ita l e x s h ip s a n d b o a t s , a n d P & E d a t a . F o r 1 9 2 9 - 1 9 3 9 , e s ti p e n d i t u r e s d a t a f r o m T r a n sp o r t S ta tistic s, f r o m T ra n sit m a te s a r e b a s e d o n t h e N I P A s e r ie s o n i n v e s t m e n t in fo r s h ip s a n d b o a ts ; e s ti m a t e s f o r 1 9 2 1 - 1 9 2 8 a r e b a s e d o n 1 9 2 1 - 1 9 3 9 a r e b a s e d o n d a t a f r o m U l m e r ’s s tu d y .48 F o r d a t a f r o m H is to r ic a l S ta tis tic s o n t h e n u m b e r o f s h i p s e le c t r i c r a ilw a y a n d tr o lle y e q u i p m e n t , t h e e s tim a t e s b u ilt. T h e d a t a f o r e q u i p m e n t a r e a d j u s t e d to in c lu d e f o r 1 9 4 0 - 1 9 7 2 a r e b a s e d o n c a p ita l e x p e n d i tu r e s d a t a t h e v a lu e o f s h ip s a n d b o a t s o w n e d a n d le a s e d to o t h e r f r o m t h e T ra n sit F a c t B o o k a n d P & E d a ta ; t h e e s tim a te s in d u s tr i e s . F act B ook, and on P& E d a ta ; th e e s tim a t e s f o r 1 9 2 1 - 1 9 3 9 a r e b a s e d o n d a t a f r o m U l m e r ’s s tu d y . T r a n sp o r ta tio n b y air. I n v e s t m e n t e s tim a t e s f o r th e F o r ta x ic a b s , t h e e s tim a te s f o r 1 9 2 9 - 1 9 7 2 a r e b a s e d o n tr a n s p o r ta tio n b y a ir in d u s tr y b e g in n in g w ith 1994 are d a t a f r o m th e I n t e r n a t i o n a l T a x ic a b A s s o c ia ti o n , o n e x t r a p o la t e d u s in g A C E S d a t a a n d N I P A d a t a . F o r th e N I P A s e r ie s o n i n v e s t m e n t in n e w a u to s , a n d o n 1 9 6 5 - 1 9 9 3 , e s ti m a t e s a r e b a s e d o n b a la n c e s h e e t d a t a P & E d a t a ; e s ti m a t e s f o r 1 9 2 1 - 1 9 2 8 a r e b a s e d o n d a t a p u b l i s h e d b y t h e U .S . D e p a r t m e n t o f T r a n s p o r t a t i o n , f r o m U l m e r ’s s tu d y . F o r “a ll o t h e r ” e q u i p m e n t , e s ti on m a te s f o r 1 9 4 0 - 1 9 7 2 a r e b a s e d o n c a p ita l e x p e n d i tu r e s e s tim a t e s P&E d ata, and on N IP A are b a s e d on t h e f o llo w in g s o u rc e s : F o r d a t a .49 B e fo r e 1 9 6 5 , d a t a f r o m T r a n sp o r t S ta tis tic s a n d P & E d a t a ; e s tim a te s 1 9 2 9 - 1 9 6 4 , t h e N I P A s e r ie s o n i n v e s t m e n t in a ir c r a f t; f o r 1 9 2 1 - 1 9 3 9 a r e b a s e d o n d a t a f r o m U l m e r ’s s tu d y . fo r y e ars b e fo re 1929, d a ta o n a ir c a rrie r o p e ra tio n s T r u c k in g a n d w a re h o u sin g . E s ti m a te s o f i n v e s t m e n t f r o m H is to r ic a l S ta tistic s. b y th e t r u c k i n g a n d w a r e h o u s in g i n d u s t r y b e g i n n i n g w i t h 1 9 9 4 a r e e x t r a p o l a t e d u s in g A C E S d a t a a n d N I P A P ip e lin e s, e x c e p t n a tu r a l gas. E s tim a t e s o f i n v e s t m e n t in s tr u c t u r e s b y t h e p ip e li n e s ( e x c e p t n a t u r a l g a s ) i n d a t a . F o r c e n s u s y e a r s b e t w e e n 1 9 7 7 - 1 9 9 3 , e s tim a t e s d u s tr y b e g in n in g w ith a r e b a s e d o n P & E d a t a a n d a r e a d j u s t e d to in c lu d e th e A C E S d a t a a n d N I P A s e r ie s d a t a . F o r 1 9 8 3 - 1 9 9 3 , e s ti u n r e g u l a t e d p o r t i o n o f t h e i n d u s t r y u s in g i n f o r m a t i o n m a te s a r e b a s e d o n P & E d a t a a n d N I P A d a t a . F o r f r o m t h e c e n s u s o f w h o le s a le t r a d e a n d t h e c e n s u s o f 1 9 2 9 - 1 9 8 2 , e s tim a t e s a r e b a s e d o n t h e N I P A s e r ie s o n t r a n s p o r t a t i o n . I n v e s tm e n t e s tim a te s f o r n o n c e n s u s in v e s tm e n t y ears b e tw e e n 1 9 7 7 -9 3 fo r th e u n re g u la te d p o r tio n o f t h e i n d u s t r y a r e d e r iv e d b y i n t e r p o l a t i n g b e t w e e n a n d 48. 49. in 1 9 9 4 a r e e x t r a p o l a t e d u s in g p e tro le u m p ip e li n e s tru c tu re s . For F o r 1 9 7 3 - 1 9 9 3 , e s t im a te s o f i n v e s t m e n t b y m e d i u m a n d s m a ll p r i v a t e c o m m e r c i a l a i r c a r r i e r o p e r a t i o n s a r e d e v e l o p e d u s i n g U .S . D e p a r t m e n t o f T r a n s p o r t a t i o n d a ta o n t h e n u m b e r o f p l a n e s o w n e d b y s m a ll c a r r i e r s a n d A m e r ic a n P u b l ic T r a n s it A s s o c ia tio n , 1 9 9 6 T r a n s it F a c t B o o k . ( W a s h a r e i n c l u d e d in t h e e s t im a te o f i n v e s t m e n t b y t h e a ir t r a n s p o r t a t i o n i n d u s i n g t o n , D .C .: 1 9 9 6 ) . try . Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -20 1 9 1 5 - 1 9 2 8 , e s ti m a t e s a r e b a s e d o n t h e v a l u e o f n e w s o u r c e s : F o r 1 9 4 7 - 1 9 7 1 , i n d u s t r y r e p o r t s to th e F C C , c o n s t r u c t i o n p u t in p la c e f o r p e t r o l e u m p ip e li n e s f r o m t r a d e a s s o c ia t io n d a t a , P & E d a t a , c o m p a n y a n n u a l r e C o n s tr u c tio n S ta tistic s, 1 9 1 5 -1 9 6 4 ; f o r 1 9 0 0 - 1 9 1 4 , e s ti p o rts , a n d d a ta fro m m a te s a r e e x t r a p o l a t e d u s in g d a ta f r o m H is to ric a l S ta 1 9 2 1 —4 6 , d a t a f r o m U l m e r ’s s tu d y .50 tistic s o n p e t r o l e u m p r o d u c t i o n . a s t u d y b y C r a n d a l l; a n d f o r R a d io a n d te le v isio n . T h is i n d u s t r y in c lu d e s e s ta b E s tim a t e s o f i n v e s t m e n t in e q u i p m e n t b e g i n n in g l i s h m e n ts p r o v id i n g c a b le , s a te llite , a n d o t h e r p a y te le w i t h 1 9 9 4 a r e e x t r a p o l a t e d u s in g A C E S d a t a a n d N IP A v is io n s e r v ic e s. E s tim a te s o f i n v e s t m e n t b y r a d i o a n d d a t a . F o r 1 9 7 7 - 1 9 9 3 , e s tim a t e s a r e b a s e d o n P & E d a t a te le v is i o n e s ta b l is h m e n t s c la ss ifie d as n o n p r o f i t i n s t i a n d o n t h e N I P A s e r ie s o n in v e s t m e n t i n p e t r o l e u m t u t i o n s p r i m a r i l y s e r v in g in d i v id u a l s a r e d e r iv e d f r o m p ip e li n e s tr u c t u r e s . F o r 1 9 4 2 - 1 9 7 6 , e s tim a t e s a r e b a s e d C e n s u s B u r e a u d a t a a n d a r e r e c la s s if ie d t o t h e r e a l e s o n d a ta fro m T ra n sp o r t S ta tis tic s o n c a p ita l e x p e n d i ta te in d u s tr y . E s tim a te s o f i n v e s t m e n t in t h e r a d i o a n d t u r e s a n d o n P & E d a t a ; f o r 1 9 2 1 - 1 9 4 1 , e s ti m a t e s a r e te le v is i o n i n d u s t r y b e g i n n i n g w i t h 1 9 9 4 a r e e x t r a p o e x t r a p o l a t e d u s in g t h e s a m e d a t a s o u r c e s as t h o s e u s e d la te d u s in g A C E S d a t a a n d N I P A d a t a . F o r 1 9 4 7 - 1 9 9 3 , f o r t h e e s tim a t e s o f s tr u c t u r e s . e s tim a t e s a r e b a s e d o n t h e f o llo w in g s o u rc e s : P & E T r a n sp o r ta tio n services. I n v e s tm e n t e s tim a t e s f o r th e d a ta , u n p u b l i s h e d c e n s u s d a t a , a n d t r a d e a s s o c ia t io n t r a n s p o r t a t i o n s e r v ic e s i n d u s t r y — m o s t o f w h ic h c o n d a t a . F o r y e a r s b e f o r e 1 9 4 7 , e s tim a t e s a r e e x t r a p o la t e d s is ts o f e x p e n d i tu r e s b y e s ta b l is h m e n t s e n g a g e d in u s in g d a t a f r o m t h e B o d d y a n d G o r t s tu d ie s . f r e ig h t f o r w a r d in g a n d in t h e r e n ta l o f r a i l r o a d c a r s — E lectric services. E s ti m a te s o f i n v e s t m e n t in t h e e le c b e g i n n i n g w i t h 1 9 9 4 a r e e x t r a p o la t e d u s in g A C E S d a t a t r i c s e r v ic e s i n d u s t r y in c lu d e s i n v e s t m e n t b y in v e s a n d N I P A d a t a . F o r 1 9 7 3 - 1 9 9 3 , e s tim a t e s a r e b a s e d o n to r-o w n e d P & E d a t a a n d N I P A r a i l r o a d e q u i p m e n t d a t a . E s ti e le c t r i c s e r v ic e s, n o n u t i l i t y e le c tr i c s e r v ic e s, a n d th e m a te s f o r 1 9 4 5 - 1 9 7 2 a r e b a s e d o n b a la n c e s h e e t d a t a e le c t r i c s e r v ic e s p o r t i o n s o f c o m b i n a t i o n u tilit ie s i n f r o m T r a n sp o r t S ta tistic s, o n tr a d e a s s o c ia tio n d a t a , o n c l u d in g n o n p u b l i c c o m b i n a t i o n u tilitie s . N o n u ti l it ie s t h e N I P A s e r ie s o n i n v e s t m e n t in r a i l r o a d e q u i p m e n t , in c lu d e c o g e n e r a to r s a n d i n d e p e n d e n t p o w e r p r o d u c e le c tr i c s e r v ic e s, n o n p u b lic c o o p e r a tiv e a n d o n P & E d a t a . F o r y e a r s b e f o r e 1 9 4 5 , e s tim a t e s a r e e rs. E s tim a te s o f i n v e s t m e n t b e g i n n i n g w it h 1 9 9 7 a r e e x t r a p o l a t e d u s i n g t h e in v e s t m e n t flo w s f o r th e r a i l b a s e d o n th e N I P A e le c t r i c li g h t a n d p o w e r s t r u c t u r e s s e r ie s a n d o n A C E S d a t a . F o r 1 9 7 2 - 1 9 9 6 , e s tim a t e s a r e r o a d t r a n s p o r t a t i o n in d u s tr y . T e le p h o n e a n d te leg ra p h . T h e t e le p h o n e a n d te le g rap h i n d u s t r y in c lu d e s e s ta b l is h m e n t s e n g a g e d in te l e p h o n e a n d n o n v o c a l m e ss a g e c o m m u n i c a t i o n s a n d in s a te llite tr a c k in g . ( O n l i n e i n f o r m a t i o n r e tr ie v a l s e r b a s e d o n U .S . D e p a r t m e n t o f E n e r g y ( D O E ) d a t a , o n R U S d a t a , o n C e n s u s B u r e a u d a t a , a n d o n t h e N IP A d a ta . B e f o r e 1 9 7 2 , e s tim a t e s o f i n v e s t m e n t in s t r u c t u r e s v ic e s a r e c la s s if ie d in b u s in e s s s e r v ic e s.) E s tim a t e s o f a r e b a s e d o n t h e f o ll o w i n g s o u r c e s : F o r 1 9 2 9 - 1 9 7 1 , th e i n v e s t m e n t in e q u ip m e n t a n d s tru c tu re s b e g in n in g N I P A s e r ie s o n i n v e s t m e n t in e le c t r i c li g h t a n d p o w e r w i t h 1 9 9 4 a r e e x t r a p o l a t e d u s in g A C E S d a t a a n d N IP A s tr u c t u r e s ; f o r 1 9 1 5 - 1 9 2 8 , d a t a f r o m C o n s tr u c tio n S ta d a t a . F o r 1 9 7 2 - 1 9 9 3 , e s tim a t e s a r e b a s e d o n d a t a f r o m tistics, 1 9 1 5 -1 9 6 4 o n t h e v a lu e o f n e w c o n s t r u c t i o n t h e f o llo w in g s o u r c e s : I n d u s t r y a n n u a l r e p o r t s m a d e to p u t in p la c e f o r e le c tr i c li g h t a n d p o w e r ; a n d f o r th e F e d e ra l C o m m u n ic a tio n s C o m m is s io n (F C C ), 1 9 0 0 - 1 9 1 4 , d a t a f r o m U l m e r ’s s tu d y . T h e s e d a t a a r e U S D A R u r a l U ti l it y S e rv ic e (R U S — f o r m e r l y t h e R u r a l a d ju s te d E l e c tr if ic a t io n A d m i n i s t r a t i o n ) , t r a d e a s s o c ia t io n d a t a , “w h e n - c o m p l e t e d ” b a s is as d e s c r ib e d in t h e s e c tio n fro m a “v a l u e - p u t - i n - p l a c e ” b a s is to a P & E d a t a , c o m p a n y a n n u a l r e p o r ts , a n d t h e C e n s u s “ I n v e s tm e n t c o n t r o l s b y t y p e o f a sse t.” B e f o r e 1 9 7 2 , e s tim a te s o f i n v e s t m e n t i n e q u i p m e n t B u re a u d a ta o n c o n s tru c tio n -p u t-in -p la c e . E s tim a te s o f i n v e s t m e n t in s t r u c t u r e s f o r y e a r s b e a r e b a s e d o n t h e f o ll o w in g s o u r c e s : F o r r u r a l e le c tr ic 1 9 7 2 a r e b a s e d o n t h e f o llo w in g s o u rc e s : F o r c o o p e r a tiv e s , R U S d a ta ; f o r p r iv a t e b u s in e s s o t h e r t h a n 1 9 2 9 - 1 9 7 1 , t h e N I P A s e r ie s o n i n v e s t m e n t in t e l e c o m c o o p e r a tiv e s f o r 1 9 3 7 - 1 9 7 1 , D O E d a t a a n d P & E d a ta , m u n ic a tio n s a n d f o r 1 9 2 1 - 3 6 , d a t a f r o m U l m e r ’s s tu d y . fo re s tru c tu re s ; fo r 1 9 1 5 -1 9 2 8 , d a ta fro m C o n s tr u c tio n S ta tistic s 1 9 1 5 -1 9 6 4 o n t h e v a lu e o f n e w G as services. I n v e s tm e n t e s tim a t e s f o r t h e g a s s e r c o n s t r u c t i o n p u t in p la c e f o r t h e t e le p h o n e a n d te le v ic e s i n d u s t r y in c lu d e i n v e s t m e n t b y t h e f o llo w in g g r a p h in d u s t r y ; a n d f o r 1 9 0 0 - 1 9 1 4 , d a t a f r o m U l m e r ’s ty p e s o f e s ta b lis h m e n ts : N a t u r a l g a s tr a n s m i s s i o n a n d s tu d y . d i s t r i b u t i o n , c e r t a in ty p e s o f m a n u f a c t u r e d g a s p r o I n v e s tm e n t b y r u r a l t e le p h o n e c o o p e r a tiv e s in te le d u c t i o n , a n d t h e g a s p o r t i o n s o f c o m b i n a t i o n u tilitie s . p h o n e a n d te le g r a p h e q u i p m e n t f o r y e a r s b e f o r e 1972 N a tu ra l gas e x p lo ra tio n a n d n a tu ra l gas p ro d u c tio n are is e s t i m a t e d u s in g R U S d a t a . E s tim a te s o f in v e s t m e n t in e q u i p m e n t b y p r iv a t e b u s in e s s e s o t h e r t h a n c o o p e r a tiv e s b e fo re 1972 a re based on th e f o llo w in g 50. R o b e r t W . C r a n d a l l , A ft e r th e B r e a k u p : U .S. T e le c o m m u n ic a tio n s in a M o r e C o m p e tit iv e E ra, ( W a s h i n g t o n D .C .: B r o o k i n g s I n s t i t u t i o n , 1 9 9 1 ) . Fixed Assets and Consumer Durable Goods in the United States, 1925-97 c la s s ifie d in o il a n d g a s e x t r a c ti o n . E s tim a te s b e g i n n in g M -21 e s tim a t e s o f i n v e s t m e n t in e q u i p m e n t a r e b a s e d o n w it h 1929 o f i n v e s t m e n t in s t r u c t u r e s a r e b a s e d o n th e C e n s u s e m p l o y m e n t d a t a w h ile e s ti m a t e s o f in v e s t N I P A d a t a o n i n v e s t m e n t i n g a s u ti l i t y s tr u c t u r e s . B e m e n t in s t r u c t u r e s a r e b a s e d o n C e n s u s in v e n t o r ie s f o r e 1 9 2 9 , s t r u c t u r e s e s tim a t e s a r e b a s e d o n t h e f o llo w d a t a . T h e e s tim a t e s o f i n v e s t m e n t i n e q u i p m e n t b y in g s o u rc e s : For 1 9 1 5 -1 9 2 8 , th e d a ta fro m n o n m e r c h a n t w h o le s a le r s a r e a d j u s t e d t o i n c lu d e th e C o n str u c tio n S ta tistic s, 1 9 1 5 -1 9 6 4 o n t h e v a lu e o f n e w v a lu e o f c o m p u te r s o w n e d b y m a n u f a c t u r e r s ’ sa le s c o n s t r u c t i o n p u t in p la c e f o r gas; a n d f o r 1 9 0 0 - 1 9 1 4 , b r a n c h e s a n d le a s e d t o o t h e r i n d u s t r i e s . N o a d j u s t d a t a f r o m U l m e r ’s s tu d y . m e n t s a r e m a d e f o r e s ta b l is h m e n t s w i t h o u t p a y r o ll, E s tim a t e s o f i n v e s t m e n t in e q u i p m e n t b e g i n n in g b e c a u s e i n v e s t m e n t b y th e s e e s ta b l is h m e n t s is c o n s id w it h 1 9 9 4 a r e e x t r a p o l a t e d u s in g A C E S d a t a a n d N IP A e r e d to b e v e ry s m a ll. E s tim a t e s o f i n v e s t m e n t b y n o n d a t a . F o r 1 9 7 3 - 1 9 9 3 , e s tim a t e s o f i n v e s t m e n t in e q u i p m e r c h a n t w h o le s a le r s m e n t a re b a se d o n P & E d a ta , N IPA d a ta , a n d tr a d e a s w h o le s a le e s tim a t e s to d e r iv e e s ti m a t e s o f i n v e s t m e n t s o c ia t io n d a t a ; f o r 1 9 4 6 - 1 9 7 2 , e s tim a t e s a r e b a s e d o n b y t h e e n t ir e w h o le s a le t r a d e i n d u s t r y f o r C e n s u s y e a r s. are added to th e m e rc h a n t i n d u s t r y r e p o r t s to t h e C e n s u s B u r e a u a n d P & E d a ta . I n v e s tm e n t e s tim a t e s f o r t h e t o t a l w h o l e s a le i n d u s t r y F o r 1 9 2 1 - 1 9 4 5 , e s tim a t e s a r e b a s e d o n d a t a p u b li s h e d b e g i n n i n g w it h 1 9 9 4 a r e e x t r a p o l a t e d u s in g A C E S d a ta b y t h e A m e r ic a n G a s A s s o c i a tio n in G a s F acts.5' a n d N I P A d a ta . F o r n o n c e n s u s y e a r s b e t w e e n 1 9 4 7 a n d S a n it a r y services. E s tim a t e s o f in v e s t m e n t b y th e 1 9 9 3 , e s tim a te s a r e d e r iv e d b y i n t e r p o l a t i n g b e t w e e n s a n i t a r y s e r v ic e s i n d u s t r y i n c lu d e in v e s t m e n t b y th e a n d e x t r a p o la t in g f r o m t h e c e n s u s y e a r e s ti m a t e s u s in g f o llo w in g ty p e s o f e s ta b l is h m e n t s : W a te r s u p p ly , s a n i P & E a n d N IP A d a t a ; f o r y e a r s b e f o r e 1 9 4 7 , e s tim a t e s t a r y s e r v ic e s, s te a m a n d a i r - c o n d i t i o n i n g s u p p ly , i r r i a r e e x t r a p o la t e d u s in g d a t a f r o m B o d d y a n d G o r t. g a t io n s y s te m s , and o th e r u t i li t y p o rtio n s of R e ta il trade. I n v e s t m e n t d a t a f o r r e t a il t r a d e e s t a b c o m b i n a t i o n u ti litie s . E s tim a t e s b e g i n n i n g w it h 1 9 9 4 li s h m e n t s a r e a v a ila b le f r o m t h e c a p ita l e x p e n d i tu r e s a r e e x t r a p o l a t e d u s in g A C E S d a t a a n d N I P A d a t a . F o r s u r v e y ta k e n as p a r t o f t h e c e n s u s o f r e t a il t r a d e f o r 1 9 7 3 - 1 9 9 3 , e s tim a t e s a r e b a s e d o n P & E d a t a , D O E 1 9 5 8 , 1963, 1 9 6 7 , 1 9 7 2 , 1 9 7 7 , a n d 1 9 8 2 a n d f r o m th e d a t a , a n d t r a d e a s s o c ia t io n d a ta ; e s tim a t e s f o r 1 9 4 7 - a ss e ts a n d e x p e n d i tu r e s s u r v e y ta k e n as p a r t o f t h e 1 9 7 2 a r e b a s e d o n P & E d a t a . B e fo re 1 9 4 7 , th e s e d a t a 1 9 8 7 a n d 1992 e c o n o m ic c e n s u s e s . T h e s e s u r v e y s c o v e r a r e e x t r a p o la t e d u s in g d a t a f r o m U l m e r ’s s tu d y . a ll o f r e t a il t r a d e , in c l u d i n g e s ta b l is h m e n t s w i t h p a y W h o le sa le tra d e. T h e w h o le s a le t r a d e i n d u s t r y i n r o ll, C A O ’s, a n d e x c e p t f o r 1 9 8 2 a n d 1 9 8 7 , e s ta b l is h c lu d e s m e r c h a n t w h o le s a le r s — w h ic h a r e w h o le s a le e n m e n t s w i t h o u t p a y r o ll. E s ti m a te s f o r 1 9 8 2 a n d 1 9 8 7 titie s a r e a d j u s t e d f o r e s ta b l is h m e n t s w i t h o u t p a y r o ll. th a t ta k e title to th e a s se ts th e y se ll— a n d n o n m e r c h a n t w h o le s a le r s — w h ic h c o n s is t o f m a n u f a c E s tim a te s o f i n v e s t m e n t f o r t h e r e t a il t r a d e i n d u s t r y t u r e r s ’ sa le s b r a n c h e s , sa le s o ffic e s a n d a g e n ts , b r o k e r s , b e g i n n i n g w it h 1 9 9 4 a r e e x t r a p o l a t e d u s in g A C E S d a t a a n d c o m m is s io n m e r c h a n ts . I n v e s t m e n t d a t a f o r m e r a n d N I P A d a ta . F o r n o n c e n s u s y e a r s b e t w e e n 1 9 4 7 a n d c h a n t w h o le s a le e s ta b l is h m e n t s a r e a v a ila b le f r o m t h e 1 9 9 3 , e s tim a te s a r e i n t e r p o l a t e d b e t w e e n a n d e x t r a p o c a p ita l e x p e n d i tu r e s s u r v e y c o n d u c t e d as p a r t o f th e la te d f r o m c e n s u s y e a r e s tim a t e s , u s in g P & E d a t a a n d c e n s u s o f w h o le s a le t r a d e f o r 1 9 5 8 , 1 9 6 3 , 1 9 6 7 , 1 9 7 2 , N I P A d a ta . F o r y e a r s b e f o r e 1 9 4 7 , in v e s t m e n t e s tim a t e s 1 9 7 7 , 1982 a n d f r o m t h e a s s e ts a n d e x p e n d i tu r e s s u r a re e x t r a p o la t e d u s in g th e f o ll o w i n g so u rc e s: For v e y (A E S ) c o n d u c t e d a s p a r t o f t h e 1 9 8 7 a n d 1992 e c o 1 9 1 5 - 1 9 4 6 , t h e s e r ie s o n v a lu e o f n e w c o n s t r u c t i o n p u t n o m i c c e n s u s e s . B e g in n in g w i t h in p la c e f o r s to r e s , r e s t a u r a n t s , a n d g a r a g e s f r o m C o n 1 9 7 8 , e s tim a t e s o f i n v e s t m e n t b y m e r c h a n t w h o le s a le r s a r e a d j u s t e d to i n s tr u c tio n S ta tistic s, 1 9 1 5 -1 9 6 4 ; a n d b e f o r e 1 9 1 5 , th e c l u d e e x p e n d i tu r e s r e la te d t o C A O ’s a n d e s ta b lis h F.W . D o d g e s e r ie s o n t h e v a lu e o f c o n s t r u c t i o n c o n m e n t s w i t h o u t p a y r o ll.52 t r a c t a w a r d s f r o m H is to r ic a l S ta tistic s. E s ti m a te s o f i n v e s t m e n t b y n o n m e r c h a n t w h o le s a l F in a n c e a n d in su ra n c e . I n v e s t m e n t e s ti m a t e s f o r th e e r s ( w h i c h in c lu d e e s ti m a t e s f o r e q u i p m e n t o w n e d b y f in a n c e a n d in s u r a n c e i n d u s t r y a r e a d j u s t e d to a c c o u n t n o n m e r c h a n t w h o le s a le r s b u t le a s e d to o t h e r i n d u s f o r le a s e d a s se ts t h a t a r e n o t a c c o u n t e d f o r b y th e tr ie s ) f o r 1 9 8 2 , 1 9 8 7 , a n d 1 9 9 2 a r e b a s e d o n d a t a f r o m s o u r c e d a t a s e r ie s . I n v e s t m e n t e s tim a t e s f o r th i s i n d u s E n te r p rise S ta tistic s, t h e c e n s u s o f w h o le s a le t r a d e , a n d t r y w e r e a v a ila b le f o r m o s t e s ta b l is h m e n t s f o r t h e f ir s t t r a d e a s s o c ia tio n d a t a . F o r c e n s u s y e a r s p r i o r t o 1 9 8 2 , t i m e in th e 1 9 9 2 c e n s u s o f f in a n c e , i n s u r a n c e , a n d r e a l e s ta te . B e g in n in g w it h 1 9 9 4 , t h e c e n s u s d a t a a r e 5 1 . A m e r ic a n G a s A s s o c ia tio n , G a s F acts, a n n u a l . 5 2 . A l t h o u g h C A O ’s a r e i n c l u d e d i n t h e A E S r e s u lts f o r m e r c h a n t w h o l e s a le r s , t h e c a p i t a l e x p e n d i t u r e s r e l a t e d t o t h e m m a y b e r e d u c e d w h e n t h e A E S r e s u l ts a r e a d j u s t e d t o t h e r e s u l ts o f t h e c e n s u s o f w h o le s a le t r a d e e x t r a p o la t e d f o r w a r d u s in g A C E S d a t a a n d N I P A d a t a . F o r 1 9 4 7 - 1 9 9 3 , i n v e s t m e n t e s ti m a t e s a r e d e r iv e d f r o m P& E d a ta a n d fro m t r a d e a s s o c ia t io n d a t a . B e f o r e ( w h i c h e x c lu d e s C A O ’s ) . B e g in n i n g w i t h 1 9 8 2 , B E A a d j u s t e d t h e w h o le s a le 1 9 4 7 , e s tim a te s a r e e x t r a p o l a t e d u s in g b a l a n c e s h e e t t r a d e e s t im a te f o r m e r c h a n t w h o le s a le C A O ’s. d a t a f r o m S ta tis tic s o f In c o m e a n d d a t a f r o m H isto r ic a l M -22 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 S ta tis tic s o n t h e a c tiv itie s o f th e f in a n c e a n d in s u r a n c e T h e i n v e s t m e n t e s tim a te s i n c lu d e C A O ’s, e s ta b lis h i n d u s tr i e s . E s tim a t e s o f in v e s t m e n t b y i n s u r a n c e a n d m e n ts w it h p a y r o ll, a n d e s ta b l is h m e n t s w i t h o u t p a y h o l d i n g c o m p a n y e s ta b l is h m e n t s t h a t a r e c la s s if ie d as r o ll. n o n p r o f i t i n s t i t u t i o n s p r i m a r i l y s e r v in g in d i v id u a l s a re in d u s t r i e s a r e a lso a d j u s t e d f o r t h e v a lu e o f c e r t a i n d e r iv e d m a in ly f r o m C e n s u s d a ta o n t a x a n d t a x - e x ty p e s o f e q u i p m e n t o w n e d b y th e s e i n d u s t r i e s a n d e m p t p a y r o lls a n d r e v e n u e s a n d a r e r e c la s s if ie d to th e le a se d to o t h e r i n d u s t r i e s as f o llo w s: A u to s , t r u c k s , a n d r e a l e s ta te in d u s tr y . R e a l estate, w ith n o n p r o fit in s titu tio n s s e r v in g in d i tr a i le r s in t h e a u t o r e p a ir , s e r v ic e s, a n d p a r k i n g i n d u s v id u a ls. T h i s i n d u s t r y in c lu d e s e s ta b l is h m e n t s o f th e m a c h i n e r y ( e x c e p t tr a c t o r s ) , c o m p u t e r s ( o t h e r t h a n r e a l e s ta t e i n d u s t r y a n d a lso e s ta b l is h m e n t s o f n o n th o s e le a s e d b y t h e m a n u f a c t u r e r s o r b y m a n u f a c t u r p r o f i t i n s t i t u t i o n s s e r v in g in d i v id u a ls , w h ic h , b y N IP A e r s ’ sa le s b r a n c h e s ) , a n d o t h e r ty p e s o f e q u i p m e n t in c o n v e n t io n , a r e c la s s if ie d in th e r e a l e s ta t e i n d u s t r y t h e b u s in e s s s e r v ic e s in d u s tr y . E s ti m a te s o f i n v e s tm e n t r a t h e r t h a n i n t h e i n d u s t r y o f t h e i r p r i m a r y a c tiv ity . b y n o n p r o f i t i n s t i t u t i o n s in t h e h o te l a n d a m u s e m e n t I n v e s t m e n t e s tim a t e s f o r b o t h o f th e s e c o m p o n e n t s b e a n d r e c r e a ti o n i n d u s t r i e s t h a t p r i m a r i l y s e r v e i n d i v i d g i n n i n g w i t h 1 9 9 4 a r e e x t r a p o l a t e d u s in g A C E S d a t a u a ls a r e d e r iv e d f r o m C e n s u s B u r e a u d a t a a n d a r e r e o n e q u i p m e n t a n d o n s t r u c t u r e s a n d N I P A d a t a . E s ti c la s s ifie d to t h e r e a l e s ta te in d u s tr y . E s tim a t e s of in v e s t m e n t fo r s e le c te d s e r v ic e t r y a n d a i r c r a f t, f u r n i t u r e a n d f ix tu r e s , c o n s t r u c t i o n m a te s f o r 1 9 7 2 - 1 9 9 3 a r e b a s e d o n t h e f o llo w in g se rie s: I n v e s tm e n t e s tim a t e s f o r th e s e s e r v ic e i n d u s t r i e s b e P & E d a ta , d a ta fro m th e c e n su s o f c o n s tr u c tio n in d u s g in n i n g w it h 1 9 9 4 a r e e x t r a p o la t e d , i n m o s t in s ta n c e s , tr i e s , N I P A d a t a , t r a d e a s s o c ia t io n d a t a , a n d t h e se r ie s u s in g A C E S d a t a a n d N I P A d a ta . I n v e s tm e n t e s tim a te s f o r i n v e s t m e n t b y n o n p r o f i t i n s t i t u t i o n s s e r v in g i n d i f o r n o n c e n s u s y e a r s b e t w e e n 1 9 7 7 a n d 1993 a r e i n t e r v i d u a ls , w h ic h is b a s e d m a in ly o n C e n s u s d a t a o n ta x p o la te d a n d e x t r a p o l a t e d f r o m c e n s u s y e a r e s tim a te s a n d t a x - e x e m p t p a y r o lls a n d r e v e n u e s ( se e t h e r a d io u s in g o n e o r m o r e o f t h e f o llo w in g s o u r c e s : P & E d a ta , a n d te le v is i o n , f in a n c e a n d in s u r a n c e , a n d s e r v ic e s i n v a r io u s ty p e s o f N I P A s t r u c t u r e s o r e q u i p m e n t in v e s t d u s tr ie s s e c tio n s o f th i s d o c u m e n t ) . F o r 1 9 4 7 - 1 9 7 1 , m ent i n v e s t m e n t e s tim a t e s f o r n o n p r o f i t i n s t i t u t i o n s s e r v in g v a l u e - p u t - i n - p l a c e s t r u c t u r e s d a t a , a n d o t h e r in d i c a to r d ata, tra d e a s s o c ia t io n d ata, C ensus i n d i v id u a l s a r e d e r iv e d f r o m C e n s u s d a ta . F o r e n titie s s e r ie s b a s e d o n N I P A o r t r a d e a s s o c ia t io n d a t a w h e r e r e p o r t i n g r e n t a l in c o m e o n 1RS S c h e d u l e E , i n v e s t m e n t t w o - d i g i t S IC in d u s tr y - s p e c i f ic c a p ita l e x p e n d i tu r e s e s ti m a t e s a r e d e r iv e d u s i n g th e p e r c e n ta g e o f t o t a l i n s e r ie s a r e n o t a v a ila b le .53 F o r n o n c e n s u s y e a r s b e tw e e n d u s t r y in v e s t m e n t m a d e u p o f i n v e s t m e n t b y t h o s e e n 1 9 4 7 a n d 1 9 7 7 , i n v e s t m e n t e s tim a t e s a r e d e r iv e d b y i n titie s f r o m S ta tistic s o f In c o m e d a t a o n i n v e s t m e n t f o r te rp o la tin g b e tw e e n a n d e x tra p o la tin g fro m 1 9 7 7 a n d d a t a o n d e p r e c ia ti o n f o r 1 9 6 0 , 1 9 6 1 , 1967, y e a r e s tim a te s u s in g P & E d a t a a n d N IP A d a t a . B e fo re census a n d 1 9 7 3 , a s w e ll as t h e N I P A s e r ie s f o r i n v e s t m e n t in 1 9 4 7 , e s tim a t e s a r e e x t r a p o la t e d u s in g b a l a n c e s h e e t c o m m e r c i a l s tr u c t u r e s . F o r s o le p r o p r i e t o r s h i p s , p a r t d a t a f r o m S ta tistic s o f In c o m e . n e r s h ip s , a n d c o r p o r a t i o n s , i n v e s t m e n t e s tim a t e s a r e H e a lth services. T h e h e a l t h s e r v ic e s i n d u s t r y c o n s is ts b a s e d o n th e P & E d a ta . F o r 1 9 1 5 -1 9 4 6 , in v e s tm e n t e s o f tw o c o m p o n e n t s : H o s p ita l s a n d “o t h e r ” h e a l t h s e r t i m a t e s a r e e x t r a p o l a t e d u s in g t h e f o llo w in g s e r ie s o n v ic e s. H o s p i ta l c a p ita l e x p e n d i tu r e s a r e a v a ila b le f o r t h e v a lu e o f n e w c o n s t r u c t i o n p u t in p la c e f r o m C o n 1 9 8 7 a n d f o r 1 9 9 2 . H o s p i ta l in v e s t m e n t f o r o t h e r c e n s tr u c tio n S ta tistic s, 1 9 1 5 - 1 9 6 4 : F o r n o n p r o f i t i n s t i t u s u s y e a r s a r e d e r iv e d f r o m P & E a n d N I P A d a t a . D a ta ti o n s t h a t p r i m a r i l y s e r v e in d i v id u a ls , t o t a l i n v e s t m e n t on in s t r u c t u r e s b y r e lig io u s , e d u c a tio n a l, h o s p i t a l a n d i n a v a ila b le f r o m t h e c a p ita l e x p e n d i tu r e s s u r v e y t a k e n as s t i t u t i o n a l , a n d a m u s e m e n t a n d r e c r e a ti o n a l b u il d in g s ; p a r t o f t h e c e n s u s o f s e r v ic e i n d u s t r i e s f o r 1 9 8 2 a n d f o r t h e r e m a i n d e r o f th i s in d u s tr y , c o m m e r c i a l b u i l d f r o m t h e a s se ts a n d e x p e n d i tu r e s s u r v e y ta k e n as p a r t in g s . F o r 1 9 0 0 - 1 9 1 4 , t h e s t r u c t u r e s e s ti m a t e s a r e e x o f t h e c e n s u s o f s e r v ic e in d u s t r i e s f o r 1 9 8 7 a n d f o r th e in v e s t m e n t o f “ O t h e r ” h e a l t h s e r v ic e s a re t r a p o l a t e d u s in g t h e F.W . D o d g e s e r ie s o n t h e v a lu e o f 19 9 2 . T h e i n v e s t m e n t e s tim a te s in c lu d e C A O ’s, e s ta b c o n s t r u c t i o n c o n t r a c t a w a r d s f r o m H is to ric a l S ta tistic s. l i s h m e n ts w i t h p a y r o ll, a n d e s ta b l is h m e n t s w i t h o u t S e rv ic e s e x c e p t h e a lth , legal, e d u c a tio n a l, a n d “o th e r.” I n v e s tm e n t d a t a f o r th e s e s e r v ic e s i n d u s t r i e s a r e a v a il p a y r o ll. I n v e s tm e n t e s tim a t e s b e g in n in g w it h 1994 are a b le f o r e q u i p m e n t a n d f o r s t r u c t u r e s f o r 1 9 7 2 , 1 9 7 7 , e x t r a p o la t e d u s in g A C E S d a t a a n d N I P A d a ta . F o r n o n 1 9 8 2 , 1 9 8 7 , a n d 1 9 9 2 a n d f o r th e t o t a l o f e q u i p m e n t c e n s u s y e a r s b e t w e e n 1 9 4 7 a n d 1 9 9 3 , e s tim a t e s a r e i n a n d s tru c tu re s fo r 1958, 1963, a n d 1967, fro m th e c a p t e r p o l a t e d a n d e x t r a p o la t e d f r o m c e n s u s y e a r e s tim a te s ita l e x p e n d i t u r e s s u r v e y t a k e n as p a r t o f t h e c e n s u s o f u s in g P & E d a t a a n d N I P A d a t a . B e f o r e 1 9 4 7 , in v e s t- s e r v ic e i n d u s t r i e s t h r o u g h 1982 a n d f r o m t h e a s s e ts a n d e x p e n d i tu r e s s u r v e y ta k e n a s p a r t o f t h e c e n s u s e s fo r 1987 a n d fo r 1992. 53. S IC I n d u s t r i e s 7 0 - 7 9 a r e all in c l u d e d i n t h e s i n g le P & E s e r ie s “ p e r s o n a l a n d b u s i n e s s s e r v ic e s .” Fixed Assets and Consumer Durable Goods in the United States, 1925-97 m e n t e s ti m a t e s a r e e x t r a p o l a t e d u s in g b a l a n c e s h e e t M -23 E s tim a te s o f i n v e s t m e n t in s t r u c t u r e s f o r y e a r s b e d a t a f r o m S ta tistic s o f In c o m e . E s ti m a te s o f i n v e s t m e n t fo re b y h o s p it a ls a n d o t h e r h e a l th s e r v ic e s e s ta b l is h m e n t s s o u rc e s : F o r 1 9 4 7 - 1 9 8 1 , P & E d a t a a n d N I P A d a t a ; 1982 a re e x tra p o la te d u s in g th e f o llo w in g c la s s ifie d as n o n p r o f i t i n s t i t u t i o n s p r i m a r i l y s e r v in g f o r 1 9 2 9 - 1 9 4 6 , N I P A i n v e s t m e n t in e d u c a t i o n a l b u i l d in d i v id u a l s a r e d e r i v e d f r o m C e n s u s B u r e a u a n d tr a d e in g s a n d r e l ig io u s b u il d in g s ; f o r 1 9 1 5 - 1 9 2 8 , d a t a f r o m a s s o c ia tio n d a t a a n d a r e r e c la s s if ie d to t h e r e a l e s ta te C o n s tr u c tio n S ta tistic s, 1 9 1 5 -1 9 6 4 o n t h e v a lu e o f n e w in d u s tr y . c o n s t r u c t i o n p u t in p la c e f o r e d u c a t i o n a l b u il d in g s L eg a l services. D a ta o n i n v e s t m e n t f o r le g a l s e r v ic e s a re a v a ila b le f r o m th e c a p ita l e x p e n d i tu r e s su rv e y a n d r e l ig io u s b u il d in g s ; a n d f o r 1 9 0 0 - 1 9 1 4 , b a la n c e s h e e t d a t a f r o m S ta tistic s o f In c o m e . ta k e n as p a r t o f t h e c e n s u s o f s e r v ic e in d u s t r i e s f o r 1982 a n d f r o m t h e a s se ts a n d e x p e n d i tu r e s s u r v e y E s tim a te s o f i n v e s t m e n t in e q u i p m e n t f o r y e a r s b e f o r e 1 9 8 2 a r e e x t r a p o l a t e d u s in g th e f o ll o w i n g s o u r c e s : ta k e n as p a r t o f t h e c e n s u s o f s e r v ic e in d u s t r i e s f o r F o r 1 9 4 7 - 1 9 8 1 , P & E d a t a a n d N I P A d a t a ; b e f o r e 1947, 1 9 8 7 a n d f o r 1 9 9 2 . I n v e s tm e n t f o r o t h e r c e n s u s y e a r s is t h e s a m e s o u r c e s as t h o s e u s e d f o r s t r u c t u r e s . E s ti d e r iv e d u s in g P & E a n d N I P A d a ta . I n v e s tm e n t e s tim a t e s b e g i n n i n g w it h 1993 a r e e x m a te s o f i n v e s t m e n t b y e d u c a t i o n a l a n d “o t h e r ” s e r v ic e s e s ta b l is h m e n t s b y n o n p ro fit in s titu tio n s th a t t r a p o l a t e d u s in g A C E S d a t a a n d N IP A d a t a . E s tim a te s p r i m a r i l y s e r v e i n d i v id u a l s a r e d e r iv e d f r o m U .S . D e fo r n o n c e n s u s y e a rs b e tw e e n 1947 a n d 1992 a re in te r p a r tm e n t o f E d u c a tio n d a ta a n d C e n s u s B u re a u d a ta p o l a t e d a n d e x t r a p o la t e d f r o m c e n s u s y e a r e s tim a te s , a n d a r e r e c la s s if ie d to t h e r e a l e s ta te in d u s tr y . u s in g P & E d a t a a n d N I P A d a t a . B e fo re 1 9 4 7 , in v e s t I n v e s t m e n t c o n tr o ls b y t y p e o f a s s e t. A s s u m m a m e n t e s tim a t e s a r e e x t r a p o l a t e d u s in g b a la n c e s h e e t r iz e d a b o v e , t h e s e c o n d s te p in c o n s t r u c t i n g e s tim a te s d a t a f r o m S ta tis tic s o f In c o m e . E s tim a t e s o f in v e s t m e n t o f i n v e s t m e n t in n e w n o n r e s i d e n t i a l f ix e d a ss e ts b y i n b y le g a l s e r v ic e s e s ta b l is h m e n t s t h a t a r e c la s s ifie d as d u s t r y is th e d e r i v a t i o n o f e s tim a t e s o f in v e s t m e n t b y n o n p r o f i t i n s t i t u t i o n s p r i m a r i l y s e r v in g in d i v id u a l s a r e ty p e o f a s s e t. B e g in n in g w i t h 1 9 2 9 , e s tim a t e s a r e d e d e r iv e d f r o m C e n s u s B u r e a u d a t a a n d a r e r e c la s s if ie d r iv e d f r o m th e N I P A s e r ie s o n n o n r e s i d e n t i a l f ix e d i n to th e r e a l e s ta te in d u s tr y . v e s tm e n t, a com ponent o f g ro ss p r iv a t e d o m e s t ic E d u c a tio n a l a n d “o th e r ” services. D a ta o n in v e s t m e n t in v e s t m e n t. I n o r d e r to d e r iv e s to c k e s ti m a t e s f o r e a r ly f o r s e le c te d p o r t i o n s o f e d u c a ti o n a l s e r v ic e s ( c o r r e y e a r s, t h e N I P A e s ti m a t e s a r e e x t r a p o l a t e d b a c k t o th e s p o n d e n c e a n d v o c a t io n a l s c h o o ls ) , s e le c te d p o r t i o n s 19th c e n t u r y u s in g d a t a f r o m v a r io u s p u b l i c a n d p r iv a te o f “o t h e r ” s e r v ic e s ( e n g in e e r in g , r e s e a r c h , a n d m a n s o u r c e s .55 a g e m e n t s e r v ic e s) , a n d s e le c te d p o r t i o n s o f s o c ia l s e r L i m ite d m o d i f ic a t io n s a r e m a d e t o t h e N I P A e s ti v ic e s ( jo b t r a i n i n g a n d v o c a t io n a l r e h a b i l i t a t i o n , c h ild m a te s in a c c o r d a n c e w it h th e c o n c e p t u a l b a s is u n d e r d a y c a re , a n d r e s id e n t ia l c a r e ) a r e a v a ila b le f r o m th e ly in g e s tim a te s o f n e t s to c k s . T h e N I P A e s tim a t e s o f a s se ts a n d e x p e n d i tu r e s s u r v e y ta k e n as p a r t o f t h e c e n i n v e s t m e n t i n e l e c tr i c li g h t a n d p o w e r s t r u c t u r e s a r e s u s o f s e r v ic e in d u s t r i e s f o r 1 9 8 7 .54 C o v e ra g e w a s e x m o d i f i e d so t h a t t h e e s ti m a t e s o f s to c k a n d d e p r e c ia p a n d e d in th e a s se ts a n d e x p e n d i tu r e s s u r v e y f o r 1992 t i o n w ill r e f le c t t h e a v a ila b ility o f t h e c a p i ta l a ss e ts f o r to in c lu d e c a p ita l e x p e n d i tu r e s b y th e f o llo w in g i n d u s u s e in p r o d u c t i o n a n d w ill b e c o n s i s t e n t w i t h t h e t i m t r y c o m p o n e n t s : L ib r a r ie s , m u s e u m s a n d a r t g a lle r ie s, in g o f ta x d e p r e c ia ti o n . S p e c ific a lly , t h e N I P A e s tim a t e s p a r t o f m e m b e rs h ip a r e m o d i f ie d f r o m a “v a l u e - p u t - i n - p l a c e ” b a s is ( t h a t is, o r g a n iz a ti o n s , a n d a c c o u n ti n g a n d o t h e r p r o f e s s io n a l s e r v ic e s. T h e i n v e s t m e n t e s ti t h e v a lu e o f n e w c o n s t r u c t i o n p u t in p la c e in a p a r t i c u m a te s in c lu d e C A O ’s, e s ta b l is h m e n t s w i t h p a y r o ll, a n d la r y e a r f o r b o t h c o m p le te d p la n ts a n d p l a n t s u n d e r e s ta b l is h m e n t s w i t h o u t p a y r o ll. T h e s e C e n s u s t a b u l a c o n s t r u c t i o n i n t h a t y e a r ) to a “w h e n - c o m p l e t e d ” b a s is ti o n s a r e s u p p l e m e n t e d as n e c e s s a r y w i t h P & E d a t a ( t h a t is, t h e v a lu e o f p l a n ts a c tu a lly c o m p l e t e d a n d p u t a n d N I P A d a t a o n i n v e s t m e n t f o r e d u c a t i o n b u il d in g s f o r 1 9 8 2 a n d f o r 1987. i n t o s e r v ic e d u r i n g t h e y e a r ) . N I P A e s ti m a t e s f o r o t h e r I n v e s tm e n t e s tim a t e s b e g i n n i n g w it h 1 9 9 4 a r e e x 55. T h e s e s o u r c e s a r e a s f o llo w s : W il lia m H . S h a w , V a lu e o f C o m m o d it y O u t p u t S in c e 1 8 6 9 , P r i n c e t o n , N J: P r i n c e t o n U n i v e r s i ty P r e s s , f o r t h e t r a p o l a t e d u s in g t h e A C E S d a t a a n d N I P A d a t a . I n v e s t N a t io n a l B u r e a u o f E c o n o m i c R e s e a r c h , 1 9 4 7 ; U .S . D e p a r t m e n t o f L a b o r m e n t e s tim a t e s f o r n o n c e n s u s y e a r s b e t w e e n 1 9 8 2 a n d and U .S . D e p a rtm e n t of C o m m e rc e , C o n s tr u c tio n V o lu m e a n d C o sts 1 9 1 5 -1 9 5 6 : S ta tis tic a l S u p p l e m e n t to C o n s tr u c tio n R e v ie w , W a s h in g t o n , 1993 a r e i n t e r p o l a t e d a n d e x t r a p o la t e d f r o m c e n s u s D .C .: U .S . G o v e r n m e n t P r i n t i n g O f f ic e , 1 9 5 8 ; S i m o n K u z n e t s , C a p ita l in th e y e a r e s tim a t e s , u s in g P & E d a t a , N I P A d a t a , o r t r a d e a s A m e r i c a n E c o n o m y : It s F o r m a ti o n a n d F in a n c in g , P r i n c e t o n , N J : P r i n c e t o n s o c i a t io n d a ta . U n i v e r s i ty P r e s s , f o r t h e N a t i o n a l B u r e a u o f E c o n o m i c R e s e a r c h , 1 9 6 0 ; U .S . D e p a r t m e n t o f A g r i c u lt u r e , F a r m I n c o m e S itu a ti o n , W a s h i n g t o n , D .C .: U .S . G o v e r n m e n t P r i n t i n g O f f ic e , 1 9 6 5 ; a n d R o b e r t E. G a l lm a n , “ C o m m o d i t y “ O t h e r ” s e r v ic e s i n d u s t r i e s c o n s is ts o f t h e f o l lo w in g i n d u s t r ie s : S o c ia l O u t p u t , ” a n d M a r v i n W . T o w n e a n d W a y n e D . R a s m u s s e n , “ F a r m G r o s s s e r v ic e s ; m u s e u m s a n d b o t a n i c a l a n d z o o lo g ic a l g a r d e n s ; m e m b e r s h i p P r o d u c t a n d G r o s s I n v e s t m e n t .” B o t h a r e i n T r e n d s in th e A m e r i c a n E c o n 54. o r g a n iz a t i o n s ; e n g in e e r i n g a n d m a n a g e m e n t s e r v ic e s ; a n d s e r v ic e s n o t e ls e w h e r e c la s s if ie d . o m y in th e N i n e t e e n t h C e n tu r y , v o l. 2 4 ( P r i n c e t o n , N .J .) : P r i n c e t o n U n i v e r s it y P r e s s, f o r t h e N a t i o n a l B u r e a u o f E c o n o m i c R e s e a r c h , 1 9 6 0 . Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -24 ty p e s o f s t r u c t u r e s a r e n o t m o d i f i e d b e c a u s e t h e v a lu e a s s e ts . T h is u n p u b l i s h e d ta b le w a s b a s e d o n t h e 1 9 8 2 o f u n c o m p l e t e d s t r u c t u r e s h a s b e e n b o t h s m a ll a n d a n d 1992 c a p ita l f lo w ta b le s , 1 9 8 7 e c o n o m ic c e n s u s s ta b le r e la tiv e to t h e v a lu e o f c o m p le te d p la n ts . F o r d a t a , P & E d a t a , 1 - 0 s tu d ie s , t r a d e a s s o c ia t io n d a t a , e l e c tr ic li g h t a n d p o w e r p la n ts , h o w e v e r, t h e v a lu e o f N I P A d a t a , a n d o t h e r s o u r c e s . S o f tw a r e i n v e s t m e n t b y u n c o m p l e t e d p la n ts h a s b e e n la rg e , a n d t h e r a t i o o f i n d u s t r y is n o t in c lu d e d in t h e c a p ita l flo w ta b le s ; it is th i s v a lu e to t h e v a lu e o f c o m p le te d p la n ts h a s f l u c t u a l lo c a te d b y i n d u s t r y u s in g c o m p u t e r i n v e s t m e n t b y a t e d s ig n if i c a n tly o v e r tim e . A d j u s t m e n t o f i n d u s t r y c o n tr o ls . A s s u m m a r i z e d in d u s tr y . a b o v e , B E A a d j u s t s t h e i n d u s t r y c o n t r o l s s o t h a t th e f lo w ta b le s , th e e s tim a te s o f i n v e s t m e n t i n to t a l e q u i p a l l - i n d u s t r y to ta ls e q u a l t h e N I P A to ta ls f o r n e w in v e s t m e n t a n d t o t a l s t r u c t u r e s b y i n d u s t r y a r e d i s t r i b u t e d to F o r y e a r s b e t w e e n 1 9 6 3 - 1 9 9 2 n o t c o v e r e d b y c a p ita l m e n t in f ix e d a s se ts . I n t h i s p r o c e s s , t h e d a t a f r o m th e d e t a il e d a ss e ts b y i n t e r p o l a t i n g b e tw e e n a n d e x t r a p o e c o n o m ic c e n s u s e s a n d A S M a r e a s s u m e d t o b e th e la ti n g f r o m t h e m o d i f i e d c a p ita l f lo w d i s t r i b u t i o n s , i n m o s t a c c u ra te : C o n tro ls fo r c e n su s y e ars fo r c e n c l u d in g t h e u n r e le a s e d ta b le f o r 1 9 8 7 . F o r y e a r s b e f o r e su s-c o v e re d in d u s trie s a n d c o n tro ls fo r m a n u fa c tu rin g 1 9 6 3 , t h e 1963 ta b le is e x t r a p o l a t e d b a c k , a n d f o r y e a r s i n d u s t r i e s in n o n c e n s u s y e a r s a r e a d j u s t e d o n ly w h e r e b e g i n n i n g w it h 1 9 9 3 , t h e 1 9 9 2 ta b le is e x t r a p o la t e d t h e y d if f e r s ig n i f i c a n tly f r o m th e N I P A to ta ls . F o r i n f o r w a r d . O n c e th e s e i n i ti a l d i s t r i b u t i o n s a r e m a d e , a n d u s tr ie s n o t c o v e r e d b y t h e e c o n o m ic c e n s u s i n c e n s u s ite r a t iv e p r o c e s s is u s e d to e n s u r e t h a t: (1 ) A l l - i n d u s t r y y e a rs , a n d f o r n o n m a n u f a c t u r i n g in d u s t r i e s in n o n to t a ls f o r i n v e s t m e n t in e a c h ty p e o f a s se t e q u a l t h e t o c e n s u s y e a rs , t h e d if f e r e n c e b e t w e e n t h e s u m o f t h e i n ta ls o f t h e N I P A e s tim a t e s b y t y p e o f a s s e t a n d (2 ) i n d u s t r y c o n t r o l s a n d t h e s u m o f t h e N I P A e s tim a t e s is d u s try a l lo c a te d to i n d u s t r i e s s o t h a t t h e e s tim a te s o f a ss e ts t o a p p r o x i m a t e as c lo s e ly as p o s s i b le t h e i n d u s t r y c o n t r o l ta le d a c r o s s in d u s t r i e s a r e c o n s is te n t w it h t h e N IP A t o to ta ls d e r iv e d f r o m t h e i n d e p e n d e n t s o u r c e s d e s c r ib e d ta ls f o r t h o s e a sse ts. a b o v e a n d in T a b le A . to ta ls fo r e q u ip m e n t and fo r s tru c tu re s D i s t r i b u t i o n b y t y p e o f a s s e t a n d in d u s tr y . O n c e T h e e x a c t it e r a t i o n s u s e d to r e c o n c ile th e i n d u s t r y t h e c o n t r o l s e r ie s f o r i n v e s t m e n t in to t a l e q u i p m e n t c o n t r o l s w i t h t h e N I P A e s tim a t e s d if f e r f o r d if f e r e n t a n d to ta l s tru c tu re s b y in d u s tr y a re a d ju s te d to e q u a l p e r i o d s a n d f o r e q u i p m e n t a n d s tr u c t u r e s . F o r y e a r s t h e c o r r e s p o n d i n g to t a ls f r o m t h e N IP A s, t h e i n d u s t r y b e fo re e s ti m a t e s a r e d i s t r i b u t e d to d e t a ile d a s se ts u s in g d a t a e q u i p m e n t b y ty p e o f a s s e t a n d b y i n d u s t r y a r e d e r iv e d f r o m BEA’s c a p ita l f lo w ta b le s f o r 19 6 3 , 1 9 6 7 , 1 9 7 2 , a s f o llo w s. F irs t, t h e i n d u s t r y c o n t r o l s o f i n v e s t m e n t in 1 9 7 7 , 1 9 8 2 , a n d 19 9 2 . T h i s r e q u ir e s t h e c o n v e r s io n o f t o t a l e q u i p m e n t a n d i n t o t a l s t r u c t u r e s a r e e s tim a t e d . t h e c a p ita l f lo w ta b le s f r o m t h e 1 - 0 i n d u s t r y c la s s ific a S e c o n d , th e s e i n d u s t r y c o n t r o l s a r e a l lo c a te d to a s s e ts 1972, d e t a ile d e s tim a t e s o f s tru c tu re s and t i o n s y ste m to t h e N I P A i n d u s t r y c la s s if ic a tio n s y s te m . u s in g t h e i n t e r p o l a t e d o r e x t r a p o l a t e d c a p ita l f lo w d is S p e c ifica lly , i n v e s t m e n t b y n o n p r o f i t i n s t i t u t i o n s t h a t t r i b u t i o n s (as d e s c r ib e d i n t h e p r e v io u s p a r a g r a p h ) . p r i m a r i l y s e r v e i n d i v id u a l s is r e c la s s if ie d t o t h e r e a l e s T h i r d , th e s e a l lo c a tio n s a r e t o t a l e d a c ro s s i n d u s tr i e s ta te e x p l o r a ti o n , a n d a d j u s t e d to e q u a l, in to ta l, t h e N I P A c o n t r o l s f o r s h a f ts , a n d w e lls is r e c la s s if ie d f r o m c o n s t r u c t i o n to th e e a c h ty p e o f a s se t. F o u r t h , t h e to ta ls f o r e a c h i n d u s t r y m i n i n g i n d u s tr i e s ; a n d o w n - a c c o u n t c o n s t r u c t i o n is a r e r e c a lc u l a te d a n d t h e s e c o n d a n d t h i r d s te p s a r e r e in d u s t r y ; in v e s tm e n t in m in in g r e c la s s if ie d f r o m t h e c o n s t r u c t i o n i n d u s t r y to th e i n p e a t e d so t h a t th e f o llo w in g tw o b a l a n c in g c o n d i ti o n s d u s tr ie s p e r f o r m i n g t h e c o n s t r u c t i o n . 56 T h e d e t a ile d a r e m e t: (1 ) A ll i n d u s t r y to t a ls f o r i n v e s t m e n t in e a c h ty p e -o f-a s s e t-b y -in d u s try d is trib u tio n s a re th e n c o n ty p e - o f - a s s e t e q u a l t h e N I P A n e w i n v e s t m e n t b y ty p e v e r t e d f r o m a u s e b a s is to a n o w n e r s h ip b a s is u s in g o f a s se t to ta ls ; a n d (2 ) to t a ls f o r i n d u s t r y i n v e s t m e n t d a ta fro m fo r u n p u b lis h e d 1 - 0 s tu d ie s , f r o m in d u s try e q u ip m e n t and fo r s tru c tu re s a p p r o x im a te as t r a d e a s s o c ia tio n s , a n d f r o m s e c o n d a r y s o u r c e s . T h e s e c lo s e ly as p o s s ib le t h e i n d u s t r y c o n t r o l to ta ls d e r iv e d m o d i f i c a t i o n s y ie ld t h e d e t a ile d t y p e - o f - a s s e t - b y - i n - fro m in d e p e n d e n t so u rc es. d u s tr y d is tr ib u tio n s fo r e q u ip m e n t a n d s tru c tu re s fo r B e g i n n in g w i t h 1 9 7 2 , d e t a il e d in v e s t m e n t in n e w 1 9 6 3 , 1 9 6 7 , 1 9 7 2 , 1 9 7 7 , 19 8 2 , a n d 1 9 9 2 . B E A d id n o t e q u i p m e n t b y t y p e o f a s s e t a n d b y i n d u s t r y is e s ti r e le a s e a c a p ita l f lo w ta b le o n a u s e b a s is f o r 19 8 7 ; h o w m a t e d in a s im ila r m a n n e r . F ir s t, t h e i n d u s t r y e s ti e v e r, a ta b l e o n a n o w n e r s h ip b a s is w a s d e v e lo p e d s p e m a te s o f i n v e s t m e n t in to t a l e q u i p m e n t a r e a d j u s t e d so c ific a lly to d i s t r i b u t e i n d u s t r y e s tim a t e s to d e ta ile d t h a t t h e s u m a c r o s s all i n d u s t r i e s e q u a ls t h e N I P A e s ti m a t e o f in v e s t m e n t in t o t a l e q u i p m e n t . S e c o n d , th e s e 56. O w n a c c o u n t c o n s t r u c t i o n is t h a t p e r f o r m e d b y a b u s i n e s s o r g o v e r n a d j u s t e d i n d u s t r y c o n t r o l s a r e a llo c a te d to a s se ts u s in g m e n t e n t i t y a c t i n g a s its o w n b u i l d e r o r c o n tr a c t o r . E x a m p le s o f o w n t h e i n t e r p o l a t e d o r e x t r a p o la t e d c a p ita l flo w d i s t r i b u a c c o u n t c o n s t r u c t i o n a r e e x p e n d i t u r e s o n e n g in e e r s e m p l o y e d b y S ta te ti o n s as d e s c r ib e d a b o v e . T h i r d , th e s e a llo c a tio n s a r e h i g h w a y d e p a r t m e n t s to d e s i g n h ig h w a y s a n d r e m o d e l i n g c r e w s e m p lo y e d b y r e a l to r s . to t a l e d a c ro s s i n d u s t r i e s a n d a d j u s t e d to e q u a l, in to t a l, Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -25 t h e N I P A c o n t r o l s f o r e a c h ty p e o f a s s e t. T h e d if f e r 19 2 9 , th e e s tim a te s a r e b a s e d o n d a t a f r o m v a r io u s e n c e s b e tw e e n th e N I P A e s tim a te s a n d th e s u m a c r o s s p u b li c a n d p r iv a t e s o u r c e s .59 a ll in d u s t r i e s o f i n v e s t m e n t in d e ta ile d ty p e s o f e q u i p T h e s e N I P A e s ti m a t e s a r e t h e n d i s t r i b u t e d t o i n d u s m e n t a r e a l lo c a te d t o n o n m a n u f a c t u r i n g in d u s t r i e s o n tr i e s a s fo llo w s . F ir s t, N I P A e s ti m a t e s o f i n v e s t m e n t in t h e b a s is o f th e a l lo c a tio n s p e r f o r m e d in th e s e c o n d fa rm s te p , u s in g th e i n t e r p o l a t e d a n d e x t r a p o la t e d c a p ita l ow ner f lo w d i s t r i b u t i o n s .57 F o u r t h , e a c h n o n m a n u f a c t u r i n g l - t o - 4 - u n i t s t r u c t u r e s a n d f o r m o b i l e h o m e s u s in g i n d u s t r y e q u i p m e n t t o t a l is a d j u s t e d U S D A d a t a . A ll o w n e r - a n d t e n a n t - o c c u p i e d f a r m r e s i a c c o rd in g ly , so r e s i d e n t ia l and s tru c tu re s te n a n t-o c c u p ie d a re a l lo c a t e d s tru c tu re s b e tw e e n fo r b o th t h a t t h e s u m a c r o s s all i n d u s t r i e s o f i n v e s t m e n t i n to t a l d e n t ia l s t r u c t u r e s o w n e d b y f a r m o p e r a t o r s a r e i n e q u i p m e n t e q u a ls th e N IP A e s ti m a t e o f t o t a l in v e s t c l u d e d in th e f a r m in d u s tr y , w h ile t e n a n t - o c c u p i e d m e n t in n e w e q u i p m e n t . F ifth , s e v e r a l i t e r a t i o n s m a y fa rm s tru c tu re s o w n e d b y n o n f a r m la n d lo rd s a re in b e p e r f o r m e d u n t i l i n v e s t m e n t is b a l a n c e d — t h a t is, c l u d e d in th e r e a l e s ta te in d u s tr y . E s tim a t e s o f in v e s t u n t i l t h e s u m s b y i n d u s t r y a n d a s se t ty p e e q u a l t h e m e n t in n o n f a r m r e s i d e n t ia l s t r u c t u r e s ( d o r m i t o r i e s , N IP A e s tim a te s a n d a r e as d o s e as p o s s i b le to t h e i n f r a t e r n i t y a n d s o r o r i t y h o u s e s , n u r s e s ’ h o m e s , e tc .) a r e d u s t r y c o n tr o ls . (A s n o t e d a b o v e , s o f tw a r e in v e s t m e n t g r o u p e d s e p a r a t e ly a n d a r e a l lo c a t e d b e t w e e n o w n e r - b y i n d u s t r y is n o t in c l u d e d in t h e c a p ita l f lo w ta b le s a n d t e n a n t - o c c u p i e d s e p a r a te ly f o r l - t o - 4 - u n i t s t r u c a n d is a l lo c a te d b y i n d u s t r y u s in g c o m p u t e r in v e s t tu r e s , 5 - o r - m o r e - u n i t s t r u c t u r e s , a n d m o b i l e h o m e s m e n t b y in d u s tr y .) u s in g i n f o r m a t i o n f r o m t h e C e n s u s B u r e a u ’s c e n s u s o f F o r s tr u c t u r e s , t h e p r o c e s s is s im ila r , b u t t h e d if f e r h o u s i n g ( d e c e n n i a l) a n d A m e r ic a n h o u s i n g s u r v e y ( b i e n c e s b e t w e e n t h e N I P A e s tim a te s a n d t h e i n d u s t r y e n n i a l ) . A ll n o n f a r m r e s id e n t ia l s t r u c t u r e s a r e in c lu d e d c o n t r o l s a r e a l lo c a te d d if f e r e n t ly f o r 1 9 7 2 - 1 9 9 2 a n d f o r in t h e r e a l e s ta te in d u s tr y . A ll r e s id e n t ia l e q u i p m e n t , y e a rs b e g i n n i n g w it h 1 9 9 3 . F o r t h e 1 9 7 2 - 1 9 9 2 p e r io d , w h ic h c o n s is ts o f e q u i p m e n t o w n e d b y la n d l o r d s a n d t h e e s tim a te s a r e m o d i f i e d b y a n ite r a ti v e b a l a n c in g r e n t e d to t e n a n ts , is a lso i n c l u d e d in t h e r e a l e s ta te i n d u s tr y . p r o c e s s s i m i la r to t h a t d e s c r ib e d f o r y e a r s b e f o r e 19 7 2 , u n t i l a d d i t i o n a l i t e r a t i o n s y ie ld o n ly s m a ll im p r o v e m e n t s in t h e a l lo c a tio n s b y t y p e o f a s se t a n d b y i n d u s Net purchases of used assets try . F o r i n d u s tr i e s o t h e r t h a n m i n i n g a n d u tilitie s , t h e D a ta a r e a v a ila b le o n ly t o a d j u s t f o r n e t p u r c h a s e s o f r e m a i n i n g r e s id u a l d if f e r e n c e s b e tw e e n N I P A e s tim a te s u s e d a ss e ts a m o n g d if f e r e n t ty p e s o f o w n e r s ( p r iv a t e o f n e w s t r u c t u r e s b y ty p e o f s t r u c t u r e s a n d t h e s u m b u s in e s s , a c r o s s a ll in d u s t r i e s o f d e t a ile d s t r u c t u r e s a r e a l lo c a te d d e n ts ). to th e r e a l e s ta te i n d u s t r y .58 F o r t h e m i n i n g a n d u tilitie s m o d i f ie d N IP A flo w s f o r n e t p u r c h a s e s o f u s e d a sse ts. i n d u s tr i e s , t h e r e m a i n i n g r e s id u a l d if f e re n c e s a r e a llo D a ta a r e n o t a v a ila b le to a d j u s t f o r n e t p u r c h a s e s c a te d t o m i n i n g a n d u tilit ie s . B e g in n in g w it h 1 9 9 3 , d e a m o n g in d u s t r i e s o r a m o n g le g a l f o r m s o f o r g a n i z a ta ile d in v e s t m e n t in n e w s t r u c t u r e s b y ty p e o f a s se t a n d t i o n w i t h i n th e p r iv a t e s e c to r . b y i n d u s t r y is e s ti m a t e d u s in g t h e s a m e p r o c e d u r e as g o v e r n m e n ts , h o u s e h o ld s , and n o n re s i T h e se d a ta a re b a s e d fo r th e m o s t p a r t o n N o n r e s i d e n t i a l a s se ts . T h e la r g e s t n e t p u r c h a s e s o f t h a t d e s c r ib e d a b o v e f o r e q u i p m e n t . u s e d n o n r e s i d e n t i a l a ss e ts b e t w e e n p r iv a t e b u s in e s s New residential investment b y p r iv a t e b u s in e s s to h o u s e h o ld s , e x p o r ts o f u s e d a n d o t h e r ty p e s o f o w n e r s in v o lv e s a le s o f u s e d a u to s E s ti m a te s o f n e t s to c k s a n d d e p r e c ia ti o n o f r e s i d e n t ia l e q u i p m e n t , p u r c h a s e s o f g o v e r n m e n t s u r p l u s a s s e ts , a s se ts a r e p r e s e n t e d b y i n d u s t r y — e i t h e r f a r m o r r e a l a n d g o v e r n m e n t p u r c h a s e s o f p r iv a t e ly o w n e d p u b li c e s ta te — a n d w i t h i n th e s e i n d u s tr i e s , b y t e n u r e g r o u p — u tilitie s . A s a n n u a l d a t a a r e a v a ila b le o n s to c k s a n d t h a t is, t e n a n t - o r o w n e r - o c c u p ie d . B e g in n in g w it h u n i t v a lu e s o f a u t o s b y ty p e o f o w n e r , t h e p h y s ic a l i n 1 9 2 9 , e s tim a te s o f i n v e s t m e n t i n n e w r e s id e n tia l f ix e d v e n t o r y m e t h o d — w h ic h a p p lie s p r ic e s to d i r e c t c o u n t s a s se ts b y i n d u s t r y a r e ta k e n d ir e c tly f r o m t h e N I P A e s o f t h e p h y s ic a l u n i t s o f a n a s s e t— is u s e d , a n d it is n o t t i m a t e s o f r e s id e n tia l fix e d in v e s t m e n t , a c o m p o n e n t o f n e c e s s a r y to m a k e e x p lic it a d j u s t m e n t s f o r n e t p u r g ro s s p r iv a t e d o m e s t ic in v e s t m e n t. F o r y e a r s b e f o r e c h a s e s o f u s e d a u t o s a m o n g ty p e s o f o w n e r s . I n t h e N IP A s , e x p o r ts o f u s e d e q u i p m e n t a n d p u r 57. D is tr ib u tio n s are o n ly m a d e to n o n m a n u f a c tu r in g in d u s trie s b e ca u se t h e e s t im a te s f o r m a n u f a c t u r i n g i n d u s t r i e s a r e b a s e d o n i n t e r p o l a t i o n s o r e x t r a p o l a t i o n s o f c e n s u s y e a r e s t im a te s u s i n g A S M e s t a b l i s h m e n t d a ta , c h a s e s o f g o v e r n m e n t s u r p l u s a ss e ts b y p r iv a t e b u s in e s s a r e v a l u e d a t s e c o n d h a n d sa le s p r ic e s . F o r t h e s to c k w h i c h m o r e c lo s e ly a p p r o x i m a t e B E A i n d u s t r y d e f in i t io n s in t e r m s o f c o v e ra g e . 5 8 . F o r 1 9 7 2 - 9 2 , a d j u s t m e n t s a r e m a d e t o e s t im a te s o f i n v e s tm e n t b y t h e 59. T h e s e s o u r c e s a r e a s f o llo w s : U .S . D e p a r t m e n t o f L a b o r a n d U .S . D e p a r t m e n t o f C o m m e r c e , C o n s tr u c tio n V o lu m e a n d C o sts 1 9 1 5 -1 9 5 6 : S t a r e a l e s ta te i n d u s t r y in s t r u c t u r e s a n d in e q u i p m e n t to c o r r e c t f o r u n d e r c o v tis tic a l S u p p l e m e n t to C o n s tr u c tio n R e v ie w e r a g e o f b o t h t h e n u m b e r o f e s t a b l i s h m e n t s a n d t h e g r o w t h o f c a p it a l e r n m e n t P r i n t i n g O f f ic e , 1 9 5 8 ) ; D a v id M . B la n k , T h e V o lu m e o f R e s id e n tia l e x p e n d i t u r e s in s t r u c t u r e s a n d e q u i p m e n t i n t h e P & E d a t a o n t h e r e a l e s ta te in d u stry . N a t io n a l B u r e a u o f E c o n o m i c R e s e a r c h , 1 9 5 4 ); a n d H is to r ic a l S ta tis tic s . ( W a s h i n g t o n , D .C .: U .S . G o v C o n s tr u c tio n , 1 8 8 9 -1 9 5 0 ( P r i n c e t o n , N J : P r i n c e t o n U n i v e r s i ty P r e s s , f o r t h e Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -26 e s tim a t e s , h o w e v e r , th e s e N I P A e s tim a te s o f e x p o r ts tw e e n a n d m o s t o f t h e e s tim a t e s o f g o v e r n m e n t s u r p l u s a s s e ts p r i m a r i l y o f S ta te a n d lo c a l g o v e r n m e n t a c q u i s i ti o n s o f g o v e rn m e n t and p r iv a t e b u s in e s s c o n s is t a r e r e v a l u e d a t t h e i r o r ig i n a l a c q u i s i ti o n p r ic e s less a c p r iv a t e h o u s i n g t o a c q u i r e la n d f o r n e w r o a d s o r b u i l d c u m u l a t e d d e p r e c i a t i o n s o t h a t t h e v a lu e o f t h e t r a n s in g s . I n t h e N IP A s , th e s e n e t p u r c h a s e s a r e o f f s e t i n e s f e r r e d a ss e ts is c o n s is te n t w ith th e v a lu e o f t h e a s s e ts t i m a t e s o f g o v e r n m e n t a n d p r iv a t e f ix e d in v e s t m e n t r e m a i n i n g i n t h e s to c k o f t h e o r ig i n a l o w n e r . G o v e r n a n d a r e v a l u e d a t sa le s p r ic e s . I n th e s to c k e s tim a te s , m e n t s u r p l u s a ss e ts t h a t w e r e b u i l t d u r i n g w a r ti m e h o w e v e r , th e s e t r a n s f e r r e d s t r u c t u r e s a r e t r e a t e d as w i t h s p e c ia l c h a r a c te r i s t ic s t h a t a r e o f n o u s e t o t h e i r p e r m a n e n t lo s se s f r o m t h e h o u s i n g s to c k r a t h e r t h a n n e w p e a c e ti m e o w n e r s a r e v a l u e d a t t h e p r ic e s t h a t as s h ifts f r o m t h e p r iv a t e to th e p u b li c s to c k . T h e h o u s w o u ld h a v e b e e n p a i d f o r e q u a lly p r o d u c t i v e n e w a s in g in v o lv e d in th e s e p u r c h a s e s is r e m o v e d f r o m th e s e ts d e s ig n e d f o r t h e u s e s to w h ic h th e s u r p lu s a s se ts s to c k o f t h e r e a l e s ta t e i n d u s t r y in t h e y e a r o f g o v e r n a r e p u t b y t h e i r n e w o w n e r s .60 R e v a lu e d e s tim a t e s o f m e n t a c q u i s i ti o n b e c a u s e t h e y a r e a c q u i r e d to a llo w e x p o r t s o f u s e d e q u i p m e n t a n d g o v e r n m e n t s u r p lu s c o n s t r u c t i o n o f h ig h w a y s o r b u ild in g s . W o r ld W a r II a s s e ts a r e d i s t r i b u t e d b y y e a r o f t r a n s f e r a n d ty p e o f a s F e d e ra l m i l i t a r y h o u s i n g c o n v e r t e d to p r iv a t e o w n e r s e t to in d u s t r i e s u s in g t h e f o llo w in g s o u r c e s : F o r e x s h ip a f te r t h e w a r is e s ti m a t e d u s in g N I P A d a t a a n d p o rts tr a n s f e r r e d f r o m t h e F e d e r a l G o v e r n m e n t s to c k to th e o f used e q u ip m e n t, d a ta fro m th e C ensus B u r e a u ’s f o r e ig n t r a d e s ta tis tic s a n d f o r p u r c h a s e s o f s to c k o f t h e r e a l e s ta t e i n d u s t r y in t h e y e a r o f c o n v e r g o v e r n m e n t s u r p lu s a s se ts , s u r p lu s p r o p e r t y r e p o r t s s io n . f r o m t h e G e n e r a l S e rv ic e s A d m i n i s t r a t i o n a n d t h e U .S. T h e p o s t - W o r l d W a r II s h if t o f f a r m h o u s i n g in u r b a n f r in g e a r e a s to n o n f a r m h o u s i n g a f fe c ts t h e i n d u s D e p a r tm e n t o f D efen se. E s tim a t e s o f n e t p u r c h a s e s o f p o w e r p l a n t s b e tw e e n t r y s to c k e s tim a te s , b u t n o t th e N I P A e s ti m a t e s o f t h e p r iv a t e s e c to r a n d t h e F e d e ra l G o v e r n m e n t d u r i n g in v e s t m e n t. E s tim a t e s o f th e v a lu e o f th e s e n e t p u r th e c h a s e s a r e d e r iv e d f r o m t h e c e n s u s o f h o u s i n g a n d r e 1 9 8 0 s a r e d e r iv e d f r o m D e p a r t m e n t o f E n e rg y ( D O E ) d a t a . S im i la r e s tim a te s a r e d e r iv e d f o r p u r c la ss ifie d f r o m t h e f a r m i n d u s t r y to t h e r e a l e s ta te c h a s e s b y S ta te a n d lo c a l g o v e r n m e n ts o f p r iv a te ly i n d u s t r y in t h e y e a r o f tr a n s f e r . o w n e d r a il r o a d s , t r a n s i t s y s te m s , e le c t r i c u tili tie s , a n d w a te r s y s te m s . S e p a r a t e e s tim a t e s o f th e o r ig i n a l v a lu e Investment by legal form of organization o f e q u i p m e n t a n d s t r u c t u r e s a r e d e r i v e d f o r u tilit ie s T h e e s tim a te s o f i n v e s t m e n t in n e w a n d u s e d a s se ts fo r a n d t r a n s i t s y s te m s . T h e s e e s tim a te s a r e b a s e d o n d a t a e a c h i n d u s t r y a r e a lso d i s t r i b u t e d b y le g a l f o r m o f o r f r o m t h e f o llo w in g s o u r c e s : F o r r a il r o a d s , M o o d y ’s g a n i z a ti o n —- c o r p o r a t e b u s in e s s , w h ic h is f u r t h e r s p lit t r a n s p o r t a t i o n m a n u a l s ; f o r tr a n s i t , M o o d y ’s t r a n s p o r i n t o f in a n c ia l a n d n o n f in a n c ia l ; s o le p r o p r i e t o r s h i p s t a t i o n m a n u a l s a n d t h e A m e r ic a n P u b li c T r a n s it A s s o a n d p a r t n e r s h i p s ; a n d o t h e r p r iv a t e b u s in e s s — p e r c i a ti o n ; f o r e le c tr ic u tilitie s , M o o d y ’s p u b li c u ti li t y s o n s , n o n p r o f i t i n s t i t u t i o n s s e r v in g in d i v id u a l s , a n d m a n u a l s a n d tw o U .S . D e p a r t m e n t o f E n e r g y p u b l i c a ta x e x e m p t c o o p e r a tiv e s . P e r s o n s a n d n o n p r o f i t i n s t i t i o n s , S ta tistic s o f P r iv a te ly O w n e d E le c tric U tilitie s in t u t i o n s a r e i n c lu d e d in th e r e a l e s ta te in d u s t r y , w h ile th e U n ite d S ta te s a n d S ta tis tic s o f P u b lic ly O w n e d E lec ta x e x e m p t c o o p e r a tiv e s a r e in c lu d e d in t h e c o m m u n i tric U tilitie s in th e U n ite d Sta tes; a n d f o r w a te r s y s te m s , c a t io n s , e le c t r i c u tilit ie s a n d w h o le s a le i n d u s t r i e s . T h e d a ta th a t s u p p o r t th e d is trib u tio n s d o n o t s u p p o r t a d M o o d y ’s p u b li c u t i l i t y m a n u a ls . R e s i d e n t i a l a s se ts . T h e la r g e s t n e t p u r c h a s e s o f u s e d j u s t m e n t s f o r s h if ts f r o m o n e le g a l f o r m to a n o t h e r ( f o r r e s id e n t ia l a ss e ts b e t w e e n p r iv a te b u s in e s s a n d o t h e r e x a m p le , w h e n a n u n i n c o r p o r a t e d e n t e r p r i s e i n c o r p o ty p e s o f o w n e r s a n d b e tw e e n i n d u s t r i e s in v o lv e p u r r a te s ) . N o n r e s i d e n t i a l in v e s t m e n t. I n g e n e r a l, in v e s t m e n t c h a s e s o f p r iv a t e h o u s i n g b y S ta te a n d lo c a l g o v e r n to in n o n r e s i d e n t i a l a s se ts is a l lo c a te d a n n u a l ly b y le g a l p r iv a t e o w n e r s h ip , a n d p u r c h a s e s o f f a r m h o u s i n g b y f o r m o f o r g a n i z a t i o n w i t h i n in d u s t r i e s b y u s in g p e r n o n f a r m o w n e r s . T h e e s tim a t e s o f n e t p u r c h a s e s b e c e n ta g e s b a s e d o n C e n s u s d a t a , w h e r e a v a ila b le . m e n ts , c o n v e r s io n s o f F e d e r a l m i l i t a r y h o u s i n g tw e e n p r iv a t e b u s in e s s a n d g o v e r n m e n t a r e d e r iv e d F o r t h e m i n i n g , c o n s t r u c t i o n , m a n u f a c t u r i n g , r e ta il f r o m t h e N I P A e s tim a te s ; t h e e s tim a t e s o f c o n v e r s io n s t r a d e , a n d s e le c te d s e r v ic e s in d u s tr i e s , C e n s u s d a t a a re o f f a r m h o u s i n g a r e d e r iv e d f r o m t h e c e n s u s o f h o u s a v a ila b le f o r a ll C e n s u s y e a r s. F o r s e le c te d t r a n s p o r t a in g . N e t p u r c h a s e s o f e x is tin g r e s id e n t ia l s t r u c t u r e s b e - ti o n , c o m m u n i c a t i o n , u tility , f in a n c e , i n s u r a n c e , a n d r e a l e s ta te i n d u s tr i e s , C e n s u s c o v e r a g e b e g a n i n 1 9 9 2 . 60. T h e d e r i v a t i o n a n d r e v a l u a t i o n o f t h e e s t im a te s o f i n v e s t m e n t f o r e x p o rts o f u s e d e q u ip m e n t a n d b u s in e s s p u rc h a s e s o f g o v e r n m e n t s u rp lu s a s s e ts is e x p la i n e d i n m o r e d e ta il in R o b e r t C . W a s s o n , J o h n C . M u s g r a v e , a n d C l a u d i a H a r k e n s , “A lt e r n a ti v e E s t im a te s o f F ix e d B u s in e s s C a p it a l in t h e U n i t e d S ta te s , 1 9 2 5 - 1 9 6 8 , ” S u r v e y 50 ( A p r il 1 9 7 0 ) : 1 8 - 3 6 . W h e r e C e n s u s d a t a a r e u s e d , th e a l lo c a t io n o f n o n r e s i d e n t ia l i n v e s t m e n t b y le g a l f o r m o f o r g a n i z a t i o n is u s u a lly b a s e d o n t h e p r o p o r t i o n s o f t o t a l c a p ita l e x p e n d i t u r e s t h a t a r e a t t r i b u t e d to c o r p o r a t i o n s , so le Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -27 p r o p r i e t o r s h i p s a n d p a r t n e r s h i p s . W h e n d a t a o n c a p i ages a re b a s e d on ta l e x p e n d i tu r e s b y le g a l f o r m o f o r g a n i z a t i o n a r e u n a d ju s te d n e c e ssa ry a v a ila b le , t h e a llo c a tio n s a r e b a s e d o n d a t a o n r e v e n u e , C A O ’s. W h e r e th e s e d a t a a r e n o t a v a ila b le , t h e p e r c e n t sales, o r r e c e ip ts f r o m t h e e c o n o m ic c e n s u s e s . W h e n a g e s a r e b a s e d o n d e p r e c i a t i o n d a t a f r o m S ta tistic s o f n e c e s s a r y , a d j u s t m e n t s a r e m a d e to t h e C e n s u s d a t a f o r In c o m e . w h e re d a ta fro m fo r e c o n o m ic c e n su se s, n o n -e m p lo y e rs and e s ta b l is h m e n t s w i t h o u t p a y r o ll a n d C A O ’s. F o r n o n F o r th e r e a l e s ta te i n d u s t r y f o r 1 9 9 2 f o r w a r d , th e c e n s u s y e a r s, th e a llo c a tio n s a r e b a s e d o n d i s t r i b u t i o n s p e r c e n ta g e s o f i n v e s t m e n t a l lo c a te d to e a c h le g a l f o r m o f e x p e n d i tu r e s in t e r p o l a t e d b y d e p r e c i a t i o n d a t a f r o m a r e b a s e d o n e c o n o m ic c e n s u s d a t a f o r 1 9 9 2 e x t r a p o la te d b y S ta tis tic s o f In c o m e d a t a o n d e p r e c ia ti o n . F o r S ta tistic s o f In c o m e . F o r i n d u s t r i e s n o t c o v e r e d b y th e e c o n o m ic c e n s u s , p e r c e n ta g e d i s t r i b u t i o n s o f i n v e s t m e n t b y le g a l f o r m o f o r g a n iz a ti o n a r e b a s e d o n th e d i s t r i b u t i o n - o f - d e p r e c i a t io n d a t a b y le g a l f o r m f r o m S ta tistic s o f In c o m e . y e a r s b e f o r e 1 9 9 2 , th e p e r c e n ta g e s a r e b a s e d o n th e s e s a m e d e p r e c i a t i o n d a ta . R e s i d e n t i a l i n v e s t m e n t . A m o n g p r iv a t e b u s in e s s e s , o n ly t h e f a r m a n d r e a l e s ta te i n d u s t r y in v e s t in r e s i d e n F o r t h e f a r m i n d u s t r y b e g i n n in g w it h 1 9 7 3 , t h e a l lo tia l a sse ts. F o r t h e f a r m in d u s tr y , e s ti m a t e s o f in v e s t c a t io n to le g a l f o r m s o f o r g a n iz a ti o n is b a s e d o n c a p ita l m e n t in o w n e r - o c c u p ie d r e s i d e n t ia l a s s e ts a r e a s s ig n e d e x p e n d i tu r e s d a t a f r o m U S D A ’s a n n u a l f a r m c o s ts a n d b y c o n v e n t io n to s o le p r o p r i e t o r s h i p s a n d p a r t n e r r e t u r n s s u rv e y . F o r y e a r s b e f o r e 1 9 7 3 , t h e a l lo c a t io n is s h ip s ; in v e s t m e n t in t e n a n t - o c c u p i e d r e s id e n t ia l a s se ts b a s e d o n a ss e ts d a t a f r o m t h e c e n s u s o f a g r i c u lt u r e . is d i s t r i b u t e d to a ll le g a l f o r m s o f o r g a n i z a t i o n u s in g F o r t h e t e l e p h o n e a n d te le g r a p h i n d u s t r y a n d th e U S D A d a ta . F o r th e r e a l e s ta te in d u s tr y , e s ti m a t e s o f e le c tr ic s e r v ic e s in d u s tr y , a n d w h o le s a le t r a d e in d u s tr y , i n v e s t m e n t i n o w n e r - o c c u p ie d r e s id e n t ia l a ss e ts a n d n o n r e s i d e n t i a l in v e s t m e n t is f ir s t a l lo c a te d to “o t h e r o t h e r n o n f a r m r e s id e n t ia l s t r u c t u r e s ( s u c h as d o r m i t o p r iv a t e b u s in e s s ;” t h e r e m a i n d e r is t h e n a l lo c a te d to r ie s , f r a t e r n i t y a n d s o r o r i t y h o u s e s , a n d n u r s e s ’ h o m e s ) th e o t h e r le g a l f o r m s o f o r g a n iz a ti o n . W i t h i n o t h e r a r e a s s ig n e d b y c o n v e n t io n to o t h e r p r iv a t e b u s in e s s , p r iv a te b u s in e s s , t h e p e r c e n ta g e o f i n v e s t m e n t a llo w h ile i n v e s t m e n t in t e n a n t - o c c u p i e d r e s id e n t ia l a s se ts c a te d t o ta x e x e m p t c o o p e r a tiv e s is b a s e d o n R U S d a t a is d i s t r i b u t e d to a ll le g a l f o r m s o f o r g a n i z a t i o n , u s in g f o r t h e t e le p h o n e a n d te le g r a p h i n d u s t r y a n d t h e e le c d a t a f r o m t h e C e n s u s B u r e a u ’s s u r v e y o f r e s i d e n t i a l f i t r i c s e r v ic e s i n d u s t r y a n d f r o m t h e c e n s u s o f w h o le s a le nance. t r a d e f o r t h e w h o le s a le in d u s tr y . T h e p e r c e n ta g e a l lo c a te d to p e r s o n s is b a s e d o n i n v e s t m e n t b y e n titie s r e Government-Owned Fixed Assets p o r t i n g r e n t a l in c o m e o n n o n r e s i d e n t i a l p r o p e r t y o n G o v e r n m e n t fix e d a s s e ts a r e p r e s e n t e d f o r F e d e r a l a n d IR S S c h e d u le E , d e r i v e d f r o m d a t a o n i n v e s t m e n t a n d f o r S ta te a n d lo c a l g o v e r n m e n ts . F e d e r a l g o v e r n m e n t d e p r e c ia ti o n f r o m S ta tistic s o f In c o m e . T h e p e r c e n ta g e a s s e ts a r e f u r t h e r s p lit i n t o d e f e n s e a n d n o n d e f e n s e a s a l lo c a te d to n o n p r o f i t i n s t i t u t i o n s t h a t p r i m a r i l y s e rv e se ts. T h e u n d e r ly i n g e s tim a t e s o f i n v e s t m e n t b y g o v in d iv id u a l s is d e r iv e d f r o m d a t a f r o m t h e f o llo w in g e r n m e n t b e g i n n i n g w it h 1 9 2 9 a r e d e r iv e d f r o m th e s o u r c e s : th e e c o n o m ic c e n s u s e s f o r 1 9 8 2 , 1 9 8 7 , a n d N I P A s e r ie s o n g r o s s g o v e r n m e n t i n v e s t m e n t a n d a r e 1 9 9 2 ; C e n s u s B u r e a u d a t a o n th e v a lu e o f n e w c o n m o d i f ie d f o r t h e r e v a l u a ti o n o f n e t p u r c h a s e s o f u s e d s t r u c t i o n p u t in p la c e ; t r a d e a s s o c ia tio n d a t a ; A m e r i a s s e ts , as d e s c r ib e d in t h e s e c tio n “ N e t p u r c h a s e s o f c a n H o s p i ta l A s s o c i a tio n d a ta ; a n d D O E d a ta . T h e used r e m a i n i n g in v e s t m e n t is t h e n d i s t r i b u t e d b e t w e e n c o r d e r i v e d b y e x t r a p o la t in g th e s e e s ti m a t e s b a c k w a r d u s p o r a t e b u s in e s s a n d s o le p r o p r i e t o r s a n d p a r tn e r s h i p s . in g d a t a f r o m R a y m o n d G o l d s m i t h .61 a sse ts.” E s tim a t e s F o r t h e te le p h o n e a n d t e le g r a p h in d u s tr y , t h e p e r c e n t fo r y e ars b e fo re 1929 are Consumer Durable Goods a g e s f o r y e a r s b e f o r e 1992 a r e b a s e d o n c a p ita l e x p e n d i t u r e s d a t a f r o m R U S , t h e F C C , t h e U n it e d S ta te s E s tim a te s o f a d d i t i o n s to th e s to c k o f c o n s u m e r d u r a T e le p h o n e A s s o c ia ti o n , a n d c o m p a n y a n n u a l r e p o r ts ; b le g o o d s b e g i n n i n g w it h 1 9 2 9 a r e t a k e n d ir e c tl y f r o m f o r y e a r s a f te r 1 9 9 2 , p e r c e n t a g e s a r e b a s e d o n e s tim a te s t h e N I P A s e r ie s o n p e r s o n a l c o n s u m p t i o n e x p e n d i d e r iv e d f r o m t h e e c o n o m ic c e n s u s e s e x t r a p o la t e d b y tu r e s f o r d u r a b l e g o o d s . E s ti m a te s f o r y e a r s b e f o r e R U S , F C C , a n d tr a d e d a t a a n d d e p r e c ia ti o n f r o m S ta 1 9 2 9 a r e d e r iv e d b y e x t r a p o la t in g t h e N I P A e s tim a te s tistics o f In c o m e . F o r t h e e le c t r i c s e r v ic e s in d u s tr y , th e b a c k w a r d s u s in g d a t a f r o m S h a w .62 p e r c e n t a g e s f o r y e a r s b e f o r e 1992 a r e b a s e d o n c a p ita l e x p e n d i tu r e s d a t a f r o m R U S a n d D O E . T h o s e a f te r 1992 a r e d e r iv e d f r o m c e n su s d a ta e x tra p o la te d by R U S , D O E , a n d tr a d e d a t a a n d d e p r e c i a t i o n f r o m S ta tistics o f In c o m e . F o r th e w h o le s a le in d u s tr y , p e r c e n t 6 1 . R a y m o n d W . G o l d s m i th , A S t u d y o f S a v in g in th e U n i te d S ta te s, 3 v o l u m e s ( P r i n c e t o n , N J: P r i n c e t o n U n i v e r s i ty P r e s s , 1 9 5 5 ) . 6 2 . W ill ia m H . S h a w , V a lu e o f C o m m o d it y O u t p u t S in c e 1 8 6 9 ( P r i n c e t o n , N J: P rin c e to n U n iv e r s i ty P r e ss , f o r t h e N a t i o n a l B u r e a u o f E c o n o m i c R e se a rc h , 1 9 47). Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -29 Derivation of Depreciation Est im at es I n th e p e r p e t u a l in v e n to r y m e t h o d , t h e p a t t e r n o f d e T h e g e o m e tr ic r a te s f o r s p e c ific ty p e s o f a s s e ts a r e p r e c i a ti o n c h a r g e s f o r a n a s s e t o f a g iv e n ty p e is d e t e r d e t e r m i n e d b y d iv i d in g t h e a p p r o p r i a t e d e c l i n i n g - b a l m i n e d b y its “d e p r e c i a t i o n p r o f il e ”— t h a t is, h o w th e a n c e r a te f o r e a c h a s s e t b y t h e a s s e t’s a s s u m e d s e r v ic e p r ic e o f t h a t ty p e o f a s s e t d e c lin e s as i t a g e s in t h e a b life , as il lu s tr a t e d in e q u a t i o n (1 ) o n p a g e M - 7 . T h e d e s e n c e o f in f la tio n . T h e p r o f ile f o r a g iv e n ty p e o f a s s e t c l in in g - b a l a n c e r a te s u s e d b y B E A a r e d e r iv e d f r o m e s o f a g iv e n v i n t a g e is a s s u m e d t o b e c o n s t a n t o v e r tim e . ti m a t e s H o w e v e r , t h e p r o f il e f o r o n e v in ta g e o f a g iv e n a s se t a u s p ic e s o f t h e U .S . D e p a r t m e n t o f th e T r e a s u r y a n d m a y d if f e r f r o m t h e p r o f il e o f a d if f e r e n t v in ta g e o f t h e a r e s h o w n in ta b le C .66 F o r t h e p u r p o s e s o f d e t e r m i n s a m e a sse t. in g t h e a p p r o p r i a t e r a te s , t h e y d iv i d e d a ss e ts i n t o t h r e e m ade by H u lte n and W y k o ff u n d e r th e B E A b a s e s its d e p r e c i a t i o n p a t t e r n s o n e m p ir ic a l e v m a j o r ty p e s . T y p e A a ss e ts a r e t h o s e f o r w h ic h e x t e n id e n c e o f u s e d a s s e t p r ic e s in r e s a le m a r k e ts w h e r e v e r siv e d a t a w e r e a v a ila b le f o r e s t i m a t in g d e c l i n i n g - b a l p o s s ib le . ance For c o m p u te r and c o m p u te r p e rip h e ra l r a te s: T r a c to r s , c o n s tru c tio n m a c h in e r y , g e n e ra l in d u s tr ia l m a c h in e r y , e q u i p m e n t a n d f o r a u to s , i n f o r m a t i o n o n u s e d a s se t m e ta lw o r k in g p r ic e s is e x te n siv e , a n d th e a c t u a l e m p ir ic a l p r o f ile s a r e m e n t , tr u c k s , a u to s , i n d u s t r i a l b u il d in g s , a n d c o m m e r e q u ip u s e d . T h e s e p r o f ile s a r e p r o v i d e d in ta b le B. T h e p r o f ile c ia l b u il d in g s .67 I n 1 9 7 7 , th e s e c a te g o r ie s a c c o u n t e d f o r f o r p e r s o n a l c o m p u t e r s ( P C s ) is b a s e d o n a s tu d y o f t h e a b o u t 55 p e r c e n t o f i n v e s t m e n t e x p e n d i tu r e s o n e q u i p f a ir - m a r k e t v a lu e o f p e r s o n a l p r o p e r t y i n c lu d in g P C s m e n t a n d 42 p e r c e n t o f s p e n d i n g o n n o n r e s i d e n t i a l in C a l if o r n ia . T h e r e s u ltin g t r u n c a t e d g e o m e tr ic p a t s tr u c t u r e s . t e r n o f d e p r e c i a t i o n r e s u lts in a r e s id u a l v a lu e o f less T y p e B a s s e ts a r e t h o s e f o r w h ic h t h e l i m i t e d s tu d i e s t h a n 10 p e r c e n t o f a P C ’s o r ig i n a l v a lu e b y t h e e n d o f o n d e p r e c ia ti o n o r o t h e r r e le v a n t d a t a d i d n o t s u p p o r t t h e f if th y e a r.63 F o r o t h e r c a te g o r ie s o f c o m p u t e r s a n d d e f e n s ib le e s tim a te s o f t h e r a te o f d e c l in in g b a la n c e . p e r i p h e r a l e q u i p m e n t , th e p r o f ile s a r e ta k e n f r o m F o r th e s e a sse ts, H u l t e n a n d W y k o f f u s e d t h e r e s u lt s o f s tu d ie s p r e p a r e d b y O li n e r .64 F o r a u t o s , t h e p r o f ile s a r e e m p ir ic a l r e s e a r c h b y o th e r s , in c l u d i n g t h e r e s e a r c h o f d e r iv e d f r o m n e w c a r p r ic e s a n d u s e d c a r p r ic e s ( f r o m B E A , D a le J o r g e n s o n , t h e B u r e a u o f L a b o r S ta tis tic s , t h e N a ti o n a l A u to m o b i le D e a le r A s s o c i a tio n ’s O ffic ia l a n d J a c k F a u c e t t A ss o c ia te s , as w e ll as t h e i r o w n j u d g e W h o le sa le U sed C a r T ra d e -In G u id e ) f o r a s a m p le o f m e n t. N o d a t a w e r e a v a ila b le f o r T y p e C a s se ts . H u l t e n a n d m o d e ls . F o r m o s t o t h e r a s s e ts , g e o m e tr ic p a t t e r n s a r e u s e d W y k o f f e s ti m a t e d t h e a v e r a g e d e c l in in g - b a la n c e r a te s b e c a u s e t h e a v a ila b le d a t a s u g g e s t t h a t t h e y m o r e f r o m i n f o r m a t i o n o n t h e e ig h t c a te g o r ie s o f ty p e A a s c lo se ly a p p r o x im a te a c t u a l p r o f ile s o f p r ic e d e c lin e s s e ts c o m b i n e d w i t h i n f o r m a t i o n o n t h e a v e r a g e life o f t h e ty p e B a sse ts. T h e y d e t e r m i n e d t h a t , o n a v e r a g e , t h a n s t r a i g h t - l i n e p a t t e r n s .65 t h e d e c l in in g - b a la n c e r a t e f o r e q u i p m e n t w a s 1 .6 5 a n d 6 3 . A s a r e s u l t o f a n e a r l ie r a p p l i c a t i o n o f t h is m e t h o d o l o g y , t h e C a li f o r n i a t h a t f o r p r iv a t e n o n r e s i d e n t i a l s t r u c t u r e s w a s 0 .9 1 . S ta te B o a r d o f E q u a l i z a ti o n r e c o m m e n d e d d e p r e c i a t i o n s c h e d u le s f o r c o m p u t e r s t h a t w e r e w id e ly a d o p t e d a c r o s s C a li f o r n i a a n d in s e v e r a l o t h e r w e s t e r n s ta te s . F o r f u r t h e r d e ta ils , se e R i c h a r d N . L a n e , “A p p r a i s a l R e p o r t ‘L ar g e 6 5 . E x c e p t f o r m is s ile s a n d n u c l e a r f u e l r o d s , w h e r e a n e x p lic it r e t i r e m e n t p a t t e r n a n d d i s t r i b u t i o n o f s e r v ic e liv e s is u s e d , t h e B E A d e p r e c i a t i o n p r o A e r o s p a c e F i r m ’ P e r s o n a l P r o p e r t y , L o s A n g e le s C o u n t y , M a r c h 1, 1 9 9 5 ,” file s a r e f o r a n e n t i r e c o h o r t o f a s s e ts o f a g iv e n t y p e . W h e n d i f f e r e n t a s se ts re v ise d F e b ru a ry 2, 1999. w i t h i n a c o h o r t h a v e d i f f e r e n t s e r v ic e liv e s, t h e p r o f ile f o r t h e c o h o r t a s a 6 4 . A g e n e r a l d e s c r i p t i o n o f t h is w o r k a p p e a r s in S t e p h e n D . O li n e r , w h o l e w ill b e m o r e c o n v e x ( a c c e l e r a te d ) t h a n t h e p r o f i le f o r a s in g le a s se t. “ C o n s t a n t - Q u a l i t y P r ic e C h a n g e , D e p r e c i a t i o n , a n d R e ti r e m e n t o f I B M F o r f u r th e r d isc u ss io n o f th is p o in t, see F r a n k C . W yk o ff, “ E c o n o m ic M a i n f r a m e C o m p u t e r s ,” i n M u r r a y F. F o s s, M a r i ly n E . M a n s e r , a n d A lla n D e p r e c i a t i o n a n d t h e U s e r C o s t o f B u s in e s s - L e a s e d A u t o m o b il e s ,” T e c h n o l H . Y oung ( e d s .) , P rice M e a s u r e m e n ts a n d T h eir Uses, C o n f e r e n c e o n R e s e a r c h in I n c o m e a n d W e a lth ( C h ic a g o , IL : U n i v e r s i ty o f C h ic a g o P r e s s , fo r th e N a tio n a l B u re a u o f E c o n o m ic R e se a rc h , 1 9 93). T h e d e p re c ia tio n p r o f ile s u s e d b y B E A w e r e t a k e n f r o m t h a t a r t i c l e a n d f r o m u n p u b l i s h e d d e ta i l p r o v i d e d b y O lin e r . o g y a n d C a p ita l F o r m a t io n ( C a m b r i d g e , M A : M I T P r e ss , 1 9 8 9 ): 2 6 2 - 2 6 5 . 6 6 . T h e f o l lo w in g d i s c u s s i o n is e x t r a c t e d f r o m F r a u m e n i , “ T h e M e a s u r e m e n t o f D e p r e c i a t i o n ”, o p c it 1 6 - 2 0 . 6 7 . A s n o t e d a b o v e , a n a c t u a l e m p i r i c a l p r o f i le is u s e d f o r a u t o s r a t h e r t h a n t h e g e o m e t r i c r a t e e s t i m a t e d b y H u l t e n a n d W y k o f f. M -30 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 T h e s e a v e r a g e s s e r v e as t h e r a te s f o r a ss e ts w h e r e n o a s se t a t t h e le v e l o f d e t a il f o r w h ic h a n n u a l d a t a a r e d a t a a r e a v a ila b le . a v a ila b le f r o m th e N IP A s. F o r s o m e ty p e s o f p r iv a t e A t t h e t i m e o f t h e H u lt e n - W y k o f f s tu d ie s , c o m p u t e r s o f tw a r e w a s n o t t r e a t e d as a c a p ita liz e d a s se t in th e N IP A s . A s th e r e h a v e b e e n n o s u b s e q u e n t s tu d i e s o f s o f tw a r e d e p r e c ia ti o n , p re-p a ck a g e d , c u s to m , fix e d a s s e ts , d if f e r e n t d e p r e c i a t i o n r a te s a n d s e r v ic e liv es a re a lso used in d if f e r e n t in d u s tr i e s . F o r m is s ile s a n d n u c l e a r f u e l r o d s , d e p r e c ia ti o n is and e s ti m a t e d u s in g a s t r a i g h t - l i n e p a t t e r n ( to r e f le c t th e o w n - a c c o u n t s o f tw a r e a r e t r e a te d as ty p e C a sse ts. p a t t e r n o f r o t a t i o n a n d r e p la c e m e n t o f n u c l e a r fu e l) T h e g e o m e tr ic d e p r e c i a t i o n r a te s a n d t h e u n d e r l y a n d a W i n f r e y r e t i r e m e n t p a t t e r n , a s d is c u s s e d b e lo w . in g d e c l in in g - b a la n c e d e p r e c ia ti o n r a te s a n d s e r v ic e liv es u s e d b y B E A t o d e r iv e th e e s tim a t e s o f n e t s to c k s Service lives a n d d e p r e c i a t i o n a r e s h o w n in ta b le C . S e p a r a te d e p r e A s w it h d e p r e c ia ti o n p a t t e r n s , s e r v ic e liv es s h o u l d r e c i a ti o n r a te s a n d s e r v ic e liv es a r e u s e d f o r e a c h ty p e o f fle c t a c tu a l e x p e r ie n c e as c lo s e ly as p o s s ib le — s e p a r a te T a b le B. D e p r e c ia tio n S c h e d u le s fo r A u to s , C o m p u te rs , a n d C o m p u te r P e r ip h e ra ls [In v a lu e s r e la tiv e t o t h e p r ic e o f a n e w a s s e t] Y e a r a s s e t w a s in itia lly in s ta lle d A g e in y e a rs A u to m o b ile s A ll y e a rs 1 ...................... 2 ...................... 3 ...................... 4 ...................... 5 ...................... 6 ...................... 7 ...................... 8 ...................... 9 ...................... 1 0 ................... 1 1 .................... 1 2 .................... 1 3 .................... 1 4 ................... 1 5 .................... 1 6 .................... 1 7 .................... 1 8 ................... 1 9 .................... 2 0 .................... 0 .8 2 0 8 0 .5 8 9 0 0 .4 8 6 2 0 .4 0 6 3 0 .3 2 5 8 0 .2 4 1 4 0 .1 8 1 1 0 .1 2 8 0 0 .0 7 4 9 0 .0 3 6 3 0 .0 1 8 4 0 .0 0 9 2 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 Y e a r a s s e t w a s in itia lly in s ta lle d P e rs o n a l c o m p u te rs C o m p u te r m a in fra m e s 0 .9 7 8 7 0 .9 0 7 4 0 .7 7 7 9 0 .6 4 2 9 0 .4 8 9 1 0 .3 4 9 8 0 .2 4 1 2 0 .1 6 1 8 0 .1 0 9 0 0 .0 7 3 4 0 .0 4 8 3 0 .0 3 2 3 0 .0 2 2 2 0 .0 1 1 8 0 .0 0 5 7 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 1 9 7 0 -7 9 1 9 8 0 -9 4 0 .9 7 8 7 0 .8 9 1 7 0 .7 4 11 0 .5 5 7 5 0 .4 0 0 2 0 .2 6 9 4 0 .1 6 6 6 0 .0 9 6 8 0 .0 5 4 9 0 .0 3 0 2 0 .0 1 6 4 0 .0 0 8 9 0 .0 0 5 6 0 .0 0 2 9 0 .0 0 1 7 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 0 .8 9 8 0 0 .6 8 9 3 0 .4 9 01 0 .2 9 8 9 0 .1 7 3 2 0 .0 8 9 4 0 .0 4 3 4 0 .0 1 9 7 0 .0 0 8 7 0 .0 0 3 5 0 .0 0 1 5 0 .0 0 0 7 0 .0 0 0 4 0 .0 0 0 3 0 .0 0 0 2 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 0 .7 7 9 0 0 .4 7 3 0 0 .2 8 7 0 0 .1 7 4 0 0 .1 0 6 0 0 .0 6 4 0 0 .0 3 9 0 0 .0 2 4 0 0 .0 1 4 0 0 .0 0 9 0 0 .0 0 5 0 0 .0 0 3 0 0 .0 0 2 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 0 .0 0 0 0 C o m p u te r p rin te rs 0 .9 2 7 4 0 .7 8 7 0 0 .6 5 3 4 0 .5 2 7 7 0 .4 2 0 6 0 .3 3 3 3 0 .2 6 0 6 0 .2 0 1 7 0 .1 5 5 9 0 .1 2 1 7 0 .0 9 6 0 0 .0 7 5 2 0 .0 5 7 6 0 .0 4 2 6 0 .0 3 0 2 0 .0 2 0 8 0 .0 1 4 0 0 .0 0 8 8 0 .0 0 5 3 0 .0 0 2 0 1 9 7 0 -7 5 0 .9 2 5 5 0 .7 8 0 8 0 .6 4 3 4 0 .5 1 8 9 0 .4 1 7 4 0 .3 3 3 3 0 .2 6 0 6 0 .2 0 1 7 0 .1 5 5 9 0 .1 2 1 7 0 .0 9 6 0 0 .0 7 5 2 0 .0 5 7 6 0 .0 4 2 6 0 .0 3 0 2 0 .0 2 0 8 0 .0 1 4 0 0 .0 0 8 8 0 .0 0 5 3 0 .0 0 2 0 1 9 7 6 -8 0 1 9 8 1 -8 5 0 .9 0 0 4 0 .7 1 0 9 0 .5 4 1 5 0 .4 0 3 1 0 .3 0 0 2 0 .2 2 3 1 0 .1 6 5 6 0 .1 2 3 7 0 .0 9 3 6 0 .0 7 2 2 0 .0 5 5 3 0 .0 4 1 1 0 .0 2 9 9 0 .0 2 1 0 0 .0 1 4 1 0 .0 0 9 2 0 .0 0 5 9 0 .0 0 3 5 0 .0 0 2 0 0 .0 0 0 7 0 .8 7 5 0 0 .6 4 1 0 0 .4 4 7 0 0 .3 0 4 9 0 .2 0 7 5 0 .1 4 0 3 0 .0 9 5 5 0 .0 6 6 2 0 .0 4 5 2 0 .0 3 2 1 0 .0 2 4 7 0 .0 1 7 8 0 .0 1 2 8 0 .0 0 9 0 0 .0 0 6 2 0 .0 0 4 1 0 .0 0 2 5 0 .0 0 1 4 0 .0 0 0 8 0 .0 0 0 3 1 9 8 6 -9 4 0 .8 4 7 8 0 .5 6 7 8 0 .3 5 7 0 0 .2 2 0 5 0 .1 3 4 3 0 .0 8 2 2 0 .0 5 1 6 0 .0 3 3 5 0 .0 2 2 0 0 .0 1 4 4 0 .0 0 9 3 0 .0 0 5 9 0 .0 0 3 7 0 .0 0 2 4 0 .0 0 1 5 0 .0 0 1 0 0 .0 0 0 6 0 .0 0 0 4 0 .0 0 0 2 0 .0 0 01 Y e a r a s s e t w a s in itia lly in s ta lle d A g e in y e a rs C o m p u te r te r m in a ls a n d d is p la y s 1 9 5 8 -6 9 1 ...................... 2 ...................... 3 ...................... 4 ...................... 5 ...................... 6 ...................... 7 ...................... 8 ...................... 9 ...................... 1 0 .................... 0 .9 7 9 3 0 .9 0 6 1 0 .7 7 9 9 0 .6 2 6 5 0 .4 7 8 6 0 .3 5 5 8 0 .2 5 8 6 0 .1 8 5 4 0 .1 3 3 3 0 .0 9 7 9 1 9 7 0 -7 5 0 .9 7 7 7 0 .9 0 0 6 0 .7 7 0 7 0 .6 1 8 0 0 .4 7 5 4 0 .3 5 5 8 0 .2 5 8 6 0 .1 8 5 4 0 .1 3 3 3 0 .0 9 7 9 1 9 7 6 -8 0 0 .9 7 4 9 0 .8 8 8 7 0 .7 4 5 0 0 .5 8 3 4 0 .4 4 0 4 0 .3 2 5 0 0 .2 3 5 9 0 .1 7 1 2 0 .1 2 6 1 0 .0 9 5 8 1 9 8 1 -8 5 0 .9 7 0 4 0 .8 7 0 2 0 .7 0 8 4 0 .5 3 8 8 0 .3 9 5 7 0 .2 8 2 1 0 .1 9 8 6 0 .1 4 0 7 0 .1 0 2 3 0 .0 7 7 6 1 9 7 0 -7 5 1 9 7 6 -8 0 1 9 8 1 -8 5 1 9 8 6 -9 4 A ll y e a rs Y e a r a s s e t w a s in itia lly in s ta lle d 1 ...................... 2 ...................... 3 ...................... 4 ...................... 5 ...................... 6 ...................... 7 ...................... 8 ...................... 9 ...................... 1 0 .................... 1 1 .................... 1 2 .................... 1 3 .................... 1 4 .................... 1 5 .................... 1 6 .................... 1 7 .................... 1 8 .................... 1 9 .................... 2 0 .................... C o m p u te r te r m in a ls a n d d is p la y s 1 9 5 8 -6 9 1 9 5 8 -6 9 A g e in y e a rs 1 9 5 8 -6 9 A g e in y e a rs 1 9 8 6 -9 4 0 .9 2 0 8 0 .7 3 1 8 0 .5 2 1 6 0 .3 4 7 4 0 .2 2 2 0 0 .1 3 7 7 0 .0 8 51 0 .0 5 3 8 0 .0 3 5 2 0 .0 2 3 7 1 1 .................... 1 2 .................... 1 3 ................... 1 4 ................... 1 5 .................... 1 6 ................... 1 7 .................... 1 8 ................... 1 9 ................... 2 0 ................... 0 .0 7 5 0 0 .0 6 0 3 0 .0 5 0 5 0 .0 4 4 2 0 .0 4 0 2 0 .0 3 8 1 0 .0 3 6 8 0 .0 3 5 5 0 .0 3 4 2 0 .0 2 6 4 0 .0 7 5 0 0 .0 6 0 3 0 .0 5 0 5 0 .0 4 4 2 0 .0 4 0 2 0 .0 3 8 1 0 .0 3 6 8 0 .0 3 5 5 0 .0 3 4 2 0 .0 2 6 4 0 .0 7 5 0 0 .0 6 0 3 0 .0 5 0 5 0 .0 4 4 2 0 .0 4 0 2 0 .0 3 8 1 0 .0 3 6 8 0 .0 3 5 5 0 .0 3 4 2 0 .0 2 6 4 0 .0 6 1 4 0 .0 5 0 7 0 .0 4 3 8 0 .0 4 0 0 0 .0 3 8 7 0 .0 3 8 1 0 .0 3 6 8 0 .0 3 5 5 0 .0 3 4 2 0 .0 2 6 4 0 .0 1 6 4 0 .0 1 1 8 0 .0 0 8 8 0 .0 0 6 9 0 .0 0 5 8 0 .0 0 5 5 0 .0 0 5 5 0 .0 0 5 8 0 .0 0 4 9 0 .0 0 3 7 Y e a r a s s e t w a s in itia lly in s ta lle d A g e in y e a rs C o m p u te r ta p e d riv e s 1 9 5 8 -6 9 1 ...................... 2 ...................... 3 ...................... 4 ..................... 5 ...................... 6 ...................... 7 ...................... 8 ...................... 9 ..................... 1 0 ................... 1 1 ................... 1 2 ................... 1 3 ................... 1 4 ................... 1 5 ................... 1 6 ................... 1 7 ................... 1 8 ................... 1 9 ................... 2 0 ................... 0 .9 2 2 9 0 .7 7 4 1 0 .6 3 3 3 0 .5 0 1 0 0 .3 8 7 5 0 .2 9 4 8 0 .2 1 8 4 0 .1 5 7 6 0 .1 1 1 3 0 .0 7 7 6 0 .0 5 3 5 0 .0 3 5 8 0 .0 2 2 9 0 .0 1 3 8 0 .0 0 7 7 0 .0 0 4 0 0 .0 0 2 0 0 .0 0 0 9 0 .0 0 0 4 0 .0 0 0 1 1 9 7 0 -7 5 1 9 7 6 -8 0 0 .9 2 0 5 0 .7 6 7 1 0 .6 2 2 8 0 .4 9 0 7 0 .3 8 0 5 0 .2 9 0 2 0 .2 1 4 4 0 .1 5 4 2 0 .1 0 8 6 0 .0 7 5 5 0 .0 5 1 9 0 .0 3 4 7 0 .0 2 2 1 0 .0 1 3 2 0 .0 0 7 4 0 .0 0 3 8 0 .0 0 1 9 0 .0 0 0 8 0 .0 0 0 3 0 .0 0 0 1 1 9 8 1 -8 5 0 .9 1 7 5 0 .7 5 6 6 0 .6 0 3 1 0 .4 6 5 5 0 .3 5 4 4 0 .2 6 6 1 0 .1 9 5 8 0 .1 4 1 9 0 .1 0 1 5 0 .0 7 2 3 0 .0 5 0 4 0 .0 3 3 5 0 .0 2 1 3 0 .0 1 2 7 0 .0 0 7 1 0 .0 0 3 7 0 .0 0 1 8 0 .0 0 0 8 0 .0 0 0 3 0 .0 0 0 1 0 .9 1 3 9 0 .7 4 3 7 0 .5 7 9 5 0 .4 3 6 9 0 .3 2 5 1 0 .2 3 7 2 0 .1 7 0 0 0 .0 7 5 5 0 .0 6 0 2 0 .0 4 1 8 0 .0 4 0 2 0 .0 2 8 2 0 .0 1 8 2 0 .0 1 1 2 0 .0 0 6 5 0 .0 0 2 8 0 .0 0 1 2 0 .0 0 0 8 0 .0 0 0 3 0 .0 0 0 1 1 9 8 6 -9 4 0 .9 0 9 4 0 .7 2 7 2 0 .5 5 1 6 0 .4 0 4 5 0 .2 9 2 1 0 .2 0 6 0 0 .1 4 3 5 0 .0 9 9 8 0 .0 6 9 8 0 .0 4 8 3 0 .0 3 2 5 0 .0 2 1 0 0 .0 1 2 9 0 .0 0 7 5 0 .0 0 4 2 0 .0 0 2 3 0 .0 0 1 2 0 .0 0 0 5 0 .0 0 0 2 0 .0 0 0 1 Y e ar a s s e t w a s in itia lly in s ta lle d A g e in y e a rs C o m p u te r s to ra g e d e v ic e s 1 9 5 8 -6 9 1 ...................... 2 ...................... 3 ...................... 4 ...................... 5 ...................... 6 ...................... 7 ...................... 8 ...................... 9 ...................... 1 0 ................... 1 1 ................... 1 2 ................... 1 3 ................... 1 4 ................... 1 5 ................... 1 6 ................... 1 7 ................... 1 8 ................... 1 9 ................... 2 0 ................... 0 .9 9 7 5 0 .9 8 7 5 0 .9 7 5 3 0 .8 5 3 8 0 .6 2 6 9 0 .4 2 5 5 0 .2 6 9 2 0 .1 6 2 3 0 .0 9 5 8 0 .0 5 6 9 0 .0 3 4 3 0 .0 2 1 0 0 .0 1 3 0 0 .0 0 8 2 0 .0 0 5 4 0 .0 0 3 8 0 .0 0 2 9 0 .0 0 2 3 0 .0 0 2 2 0 .0 0 1 1 1 9 7 0 -7 5 0 .9 9 2 5 0 .9 7 7 5 0 .9 5 9 8 0 .8 3 7 6 0 .6 2 1 3 0 .4 2 5 5 0 .2 6 9 2 0 .1 6 2 3 0 .0 9 5 8 0 .0 5 6 9 0 .0 3 4 3 0 .0 2 1 0 0 .0 1 3 0 0 .0 0 8 2 0 .0 0 5 4 0 .0 0 3 8 0 .0 0 2 9 0 .0 0 2 3 0 .0 0 2 2 0 .0 0 1 1 1 9 7 6 -8 0 0 .9 8 0 0 0 .9 4 0 0 0 .9 0 2 6 0 .7 7 3 6 0 .5 5 8 5 0 .3 7 3 7 0 .2 3 6 9 0 .1 4 5 6 0 .0 8 9 0 0 .0 5 5 3 0 .0 3 4 3 0 .0 2 1 0 0 .0 1 3 0 0 .0 0 8 2 0 .0 0 5 4 0 .0 0 3 8 0 .0 0 2 9 0 .0 0 2 3 0 .0 0 2 2 0 .0 0 1 1 1 9 8 1 -8 5 0 .9 7 0 0 0 .9 1 0 0 0 .8 4 2 6 0 .6 9 1 3 0 .4 7 7 9 0 .3 0 6 3 0 .1 8 7 7 0 .1 1 3 4 0 .0 6 8 7 0 .0 4 1 7 0 .0 2 5 5 0 .0 1 6 0 0 .0 1 0 3 0 .0 0 6 9 0 .0 0 5 0 0 .0 0 3 8 0 .0 0 2 9 0 .0 0 2 3 0 .0 0 2 2 0 .0 0 1 1 1 9 8 6 -9 4 0 .9 5 4 9 0 .7 8 0 6 0 .5 3 2 6 0 .3 2 3 1 0 .1 7 6 7 0 .0 9 1 1 0 .0 4 5 9 0 .0 2 2 9 0 .0 1 1 1 0 .0 0 5 3 0 .0 0 2 5 0 .0 0 1 2 0 .0 0 0 6 0 .0 0 0 3 0 .0 0 0 2 0 .0 0 0 1 0 .0 0 0 1 0 .0 0 0 1 0 .0 0 0 1 0 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 liv es s h o u l d b e u s e d f o r e a c h i n d u s t r y in w h ic h a p a r M -31 id e a l i n tw o w ay s. F ir s t, s e r v ic e liv e s c a n b e c o m p u t e d t i c u l a r ty p e o f a s s e t is p u r c h a s e d , a n d s e r v ic e liv es o n ly f o r th o s e ty p e s o f a s s e ts a n d i n d u s t r i e s s h o w n in s h o u l d b e v a r ie d o v e r ti m e to a c c o u n t f o r c h a n g e s in ta b le C . S e c o n d , s e r v ic e liv es c a n b e v a r ie d o v e r ti m e b u s in e s s c o n d i t i o n s a n d te c h n o lo g y . B e c a u se o f d a t a o n ly f o r th o s e ty p e s o f a s s e ts a n d i n d u s t r i e s s h o w n in li m i t a t i o n s , th e s e r v ic e liv es B E A u s e s fa ll s h o r t o f th is ta b le C . A ll o t h e r s e r v ic e liv es b y t y p e o f a s s e t a n d T a b le C . B E A R a t e s o f D e p r e c ia tio n , S e r v ic e L iv e s , D e c lin in g -B a la n c e R a te s , a n d H u lte n -W y k o ff C a te g o r ie s Type o f A sse t R a te o f d e p re c ia tio n S e rv ic e life (y e a rs ) H u lte n W y k o ff c a te g o ry 1 D e c lin in g b a la n c e ra te s P r iv a t e n o n r e s id e n ti a l e q u ip m e n t C o m m u n ic a tio n s e q u ip m e n t: B u s in e s s s e r v ic e s 3 ........................................... P h o to c o p y a n d re la te d e q u ip m e n t5 ..................... O th e r fa b ric a te d m e ta l p r o d u c ts 7 ........................ In te rn a l c o m b u s tio n e n g in e s 8.............................. M e ta lw o rk in g m a c h in e s 9 ...................................... S p e c ia l in d u s tria l m a c h in e ry , n .e .c ........................ G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g e q u ip m e n t............................................................ E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a n d in d u s tria l a p p a r a tu s ........................................... T ru c k s , b u s e s , a n d tr u c k tra ile rs : L o c a l a n d in te ru rb a n p a s s e n g e r t r a n s it 10...... T ru c k in g a n d w a re h o u s in g ; a n d a u to re p a ir, s e rv ic e s , a n d p a r k in g 19................................ 1 - to -4 -u n it s t r u c t u r e s - n e w 2 0 ................................. 0 .5 5 0 0 0 .3 3 0 0 0 .3 3 0 0 3 5 5 1 .6 5 1 .6 5 1 .6 5 C C C 0 .2 7 2 9 0 .3 1 1 9 8 7 2 .1 8 3 2 2 .1 8 3 2 B B 0 .1 5 0 0 0 .1 1 0 0 0 .1 3 5 0 0 .1 8 0 0 c 1 .6 5 1 .6 5 1 .6 2 0 3 1 .6 2 0 3 0 .0 9 1 7 0 .0 5 1 6 0 .2 0 6 3 0 .1 2 2 5 0 .1 0 3 1 11 15 12 9 4 18 32 8 16 16 1 .6 5 1 .6 5 1 .6 5 1 .9 6 1 .6 5 c c c 0 .1 0 7 2 16 1 .7 1 5 A 0 .0 5 0 0 33 1 .6 5 c 0 .1 2 3 2 14 1 .7 2 5 2 A 0 .1 7 2 5 0 .1 9 1 7 10 9 1 .7 2 5 2 1 .7 2 5 2 A A A C 16 20 1 .6 5 1 .6 5 A m u s e m e n t a n d re c re a tio n a l b u ild in g s : 8 ........... A ll o th e r n o n fa rm b u ild in g s ' 8 ................................ 0 .1 3 7 5 0 .1 1 0 0 0 .0 6 1 1 0 .0 5 8 9 0 .1 3 7 5 0 .1 1 7 9 0 .1 4 5 2 0 .1 6 3 3 0 .1 1 7 9 0 .1 5 5 0 0 .1 5 0 0 12 15 27 28 12 14 9 8 14 10 11 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .3 0 6 4 1 .3 0 6 4 1 .6 5 1 .5 4 9 8 1 .6 5 0 .1 6 5 0 0 .1 5 0 0 0 .1 6 5 0 0 .1 8 3 4 0 .1 4 7 3 10 11 10 11 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 2 3 c c c c c 0 .0 3 1 4 0 .0 5 5 6 0 .0 2 4 7 0 .0 2 2 2 0 .0 2 6 2 0 .0 1 8 8 0 .0 1 8 8 0 .0 1 8 8 0 .0 2 8 1 0 .0 3 0 0 0 .0 2 3 7 0 .0 2 4 9 0 .0 1 7 6 0 .0 2 3 7 31 16 36 40 34 48 48 48 32 30 38 38 54 40 0 .9 7 4 7 0 .8 8 9 2 0 .8 8 9 2 0 .8 8 9 2 0 .8 8 9 2 0 .9 0 2 4 0 .9 0 2 4 0 .9 0 2 4 0 .8 9 9 0 .8 9 9 0 .8 9 9 0 .9 4 8 0 .9 4 8 0 .9 4 8 A A A A A 0 .0 2 3 7 0 .0 2 1 1 0 .0 2 3 7 0 .0 2 3 7 0 .0 2 3 9 40 45 40 40 38 0 .9 4 8 0 .9 4 8 0 .9 4 8 0 .9 4 8 0 .9 1 9 O t h e r 2 1.......... ................................................ See fo o tn o te s a t the e nd o f th e table. 0 .0 1 1 4 80 0 .9 1 A 0 .0 2 2 7 0 .0 3 6 4 0 .0 1 4 0 40 25 65 0 .9 1 0 .9 1 0 .9 1 A A A 0 .0 2 8 4 0 .0 4 5 5 0 .0 4 5 5 0 .0 2 2 7 0 .1 5 0 0 32 20 20 40 11 0 .9 1 0 .9 1 0 .9 1 0 .9 1 1 .6 5 A A A A C C h in a , g la s s w a re , ta b le w a re , a n d u te n s ils 2 5....... O th e r d u r a b le h o u s e f u r n is h in g s 25....................... V id e o a n d a u d io p ro d u c ts , c o m p u te r s a n d p e rip h e ra l e q u ip m e n t, a n d m u s ic a l in s tr u m e n ts 26...................................................... J e w e lry a n d w a tc h e s 25.......................................... O p h th a lm ic p ro d u c ts a n d o rth o p e d ic a p p lia n c e s 25........................................................ B o o k s a n d m a p s 25................................................. W h e e l g o o d s , s p o rts a n d p h o to g ra p h ic e q u ip m e n t, b o a ts , a n d p le a s u re a ir c r a f t 27...... 0 .1 1 7 9 0 .1 5 0 0 0 .1 6 5 0 0 .1 6 5 0 14 11 10 10 1 .6 5 1 .6 5 1 .6 5 1 .6 5 B C C 0 .1 8 3 3 0 .1 5 0 0 9 11 1 .6 5 1 .6 5 c 0 .2 7 5 0 0 .1 6 5 0 6 10 1 .6 5 1 .6 5 c c 0 .1 6 5 0 10 1 .6 5 c 0 .2 3 1 6 0 .6 1 7 7 8 3 1 .8 5 3 1 .8 5 3 A A 0 .0 6 6 0 0 .0 8 6 8 0 .0 8 2 5 0 .1 1 0 0 0 .0 7 1 7 0 .0 6 6 0 0 .0 8 2 5 0 .2 7 5 0 25 19 20 15 23 25 20 6 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 C C C C C C C 0 .1 1 7 9 0 .1 6 5 0 14 10 1 .6 5 1 .6 5 c c B C c c B C c c A irc r a ft: A irfra m e s : A tta c k ! F - 1 5 a n d F - 1 6 t y p e s ............... A A c A c E n g in e s ....................................................... O th e r: O t h e r ...................................................... N o n c o m b a t v e h ic le s : T r u c k s ..................................................... 0 .0 5 6 3 0 .0 7 5 1 0 .0 4 5 0 0 .0 2 3 7 0 .0 2 2 5 16 12 20 38 40 0 .9 0 0 8 0 .9 0 0 8 0 .9 0 0 8 0 .8 9 9 0 .8 9 9 E le c tr o n ic e q u ip m e n t: C o m p u te r s a n d p e rip h e ra l e q u ip m e n t32 c O th e r ............................................................ O th e r e q u ip m e n t: c c c c c c 30 25 1 .6 5 1 .6 5 c c 0 .1 8 3 4 0 .0 8 2 5 0 .0 6 6 0 0 .1 6 5 0 0 .1 6 5 0 9 20 25 10 10 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 c c c c 0 .0 8 2 5 20 1 .6 5 c 0 .2 8 7 5 6 1 .7 2 5 2 c 0 .2 4 6 5 7 1 .7 2 5 2 c 0 .2 3 5 7 0 .1 6 5 0 7 10 1 .6 5 1 .6 5 c 0 .1 8 3 4 0 .1 5 5 0 0 .0 9 1 7 0 .0 8 6 8 0 .1 3 7 5 0 .1 3 7 5 0 .1 6 5 0 9 10 18 19 12 12 10 1 .6 5 1 .5 4 9 8 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 c c c c c c c c T a n k s , a rm o re d p e rs o n n e l c a rrie rs , a n d C C c c 0 .0 5 5 0 0 .0 6 6 0 G o v e rn m e n t fu rn is h e d e q u ip m e n t: c c B B B B C C C c 20 15 15 10 20 S h ip s : M in in g e x p lo ra tio n , s h a fts , a n d w e lls : P e tro le u m a n d n a tu ra l g a s 2': O t h e r 2 2 ................................................................... H u lte n W y k o ff c a te g o ry 1 D u r a b le g o o d s o w n e d b y c o n s u m e r s 24 F u rn itu re , in c lu d in g m a ttr e s s e s a n d b e d s p rin g s .. E le c tric lig h t a n d p o w e r 19: G a s 19...... P e tro le u m p ip e lin e s i9 ............................................ D e c lin in g b a la n c e ra te s c P r iv a t e n o n r e s id e n ti a l s t r u c t u r e s H o s p ita l a n d in s titu tio n a l b u ild in g s ....................... S e rv ic e life (y e a rs ) G o v e r n m e n t n o n r e s id e n ti a l e q u i p m e n t 29 0 .1 0 3 1 0 .0 8 2 5 S e r v ic e in d u s try m a c h in e r y :# O th e r c o m m e rc ia l b u ild in g s 17.............................. 5 -o r - m o r e - u n it s tru c tu r e s - m a jo r r e p la c e m e n ts 20 M a n u fa c tu re d h o m e s 20......................................... T ir e s , tu b e s , a c c e s s o rie s , a n d o th e r p a r t s 28....... O th e r in d u s trie s : * H o u s e h o ld a p p lia n c e s 15....................................... 1 - to -4 -u n it s tr u c tu r e s - m a jo r r e p la c e m e n t s 20..... 5 -o r - m o r e - u n it s t r u c t u r e s - n e w 20.......................... 5 -o r - m o r e - u n it s tru c tu r e s - a d d itio n s a n d C c c A irc ra ft: T ra n s p o rta tio n b y a ir, d e p o s ito r y in s titu tio n s , a n d b u s in e s s s e rv ic e s : A g r ic u ltu ra l m a c h in e ry , e x c e p t t r a c t o r s ............... C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s ............. d e p re c ia tio n R e s id e n tia l c a p ita l ( p r iv a te a n d g o v e r n m e n t) S o ftw a re : O w n - a c c o u n t...................................................... O ffic e , c o m p u tin g , a n d a c c o u n tin g m a c h in e r y 2: Y ea rs b e fo re 1 9 7 8 .............................................. Type o f A sse t A to m ic e n e r g y ............................................. c M -32 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 i n d u s t r y a r e h e l d c o n s t a n t o v e r ti m e . B o o k v a lu e c o m d u s t r y s t u d ie s c o n d u c t e d d u r i n g t h e p a r i s o n s s u g g e s t t h a t t h e u s e o f c o n s t a n t s e r v ic e liv es f o r m e r O f fic e o f I n d u s t r i a l E c o n o m ic s ( O IE ) o f th e h a s n o t p r o d u c e d a n y s y s te m a tic b ia s in th e B E A e s ti U .S . D e p a r t m e n t o f t h e T r e a s u r y a n d f r o m i n d u s t r y m a te s o f p r iv a t e f ix e d a s se ts f o r th e p e r i o d ( 1 9 5 9 —81 ) .68 s tu d i e s c o n d u c t e d d u r i n g t h e 1 9 8 0 s a n d 1 9 9 0 s b y th e A s i n d i c a te d in ta b le C , th e s e r v ic e liv es f o r s o m e O f fic e o f T a x A n a ly s is (O T A ) o f th e U .S . D e p a r t m e n t ty p e s o f g o v e r n m e n t f ix e d a s se ts a r e v a r ie d o v e r tim e o f th e T r e a su r y , w it h t h e f o llo w in g e x c e p tio n s : N u c le a r 1 9 7 0 s b y th e w h ile o t h e r s a r e h e l d c o n s t a n t d e p e n d i n g u p o n th e fu e l; o ffic e , c o m p u t i n g , a n d a c c o u n t i n g m a c h in e r y ; a v a ila b i lity o f d a t a . T h e liv es u s e d f o r d u r a b le g o o d s s o f tw a r e ; a u to s ; a n d r a il r o a d e q u i p m e n t .69 T h e O I E r e o w n e d b y c o n s u m e r s a r e h e l d c o n s t a n t o v e r ti m e , b e s u lt s a r e p a r t i c u l a r l y u s e f u l f o r m a n u f a c t u r i n g i n d u s c a u s e t h e i n f o r m a t i o n n e c e s s a r y to e s ti m a t e c h a n g in g tr i e s b e c a u s e th e y p r o v id e s e p a r a t e i n d u s t r y e s tim a te s liv e s o v e r t i m e w a s n o t a v a ila b le . P r i v a t e e q u i p m e n t . BEA ’s s e r v ic e liv es f o r p r iv a te 69. e q u i p m e n t a r e b a s e d o n s e r v ic e liv es o b t a i n e d f r o m in - T h e r e s u l ts o f t h e O I E s t u d i e s a r e g iv e n in D a v id W . B ra z e ll, L o w e ll D w o r in , a n d M i c h a e l W a ls h , A H i s t o r y o f F e d e ra l T a x D e p r e c ia tio n Policy, U .S . D e p a r t m e n t o f t h e T r e a s u r y , O T A P a p e r 6 4 ( S p r in g f ie ld , VA: N a t io n a l T e c h n ic a l I n f o r m a t i o n S e r v ic e , M a y 1 9 8 9 ) : 3 3 - 5 8 . T h e r e s u l ts o f t h e O T A 68. B o o k v a lu e d a ta , w h i c h r e la te d i r e c tl y t o c a p i t a l s to c k s , c a n b e u s e d as s t u d i e s t h a t a r e u s e d in t h e B E A w e a lt h c a l c u l a ti o n s a r e g iv e n in U .S. c h e c k s o n t h e v a li d i ty o f t h e i n f o r m a t i o n u s e d t o i m p l e m e n t t h e p e r p e t u a l D e p a r t m e n t o f t h e T r e a s u r y , R e p o r t to th e C o n g re ss o n D e p r e c ia tio n o f S c ie n i n v e n t o r y m e t h o d . E x a m p l e s o f s u c h c h e c k s o n t h e B E A e s t im a te s a r e g iv e n tific I n s t r u m e n t s ( W a s h i n g t o n , D .C .: M a r c h 1 9 9 0 ); U .S . D e p a r t m e n t o f th e i n J o h n A . G o r m a n , J o h n C . M u s g r a v e , G e r a l d S ilv e r s te in , a n d K a th y A . T r e a s u r y , R e p o r t to th e C o n g re ss o n D e p r e c ia tio n o f B u sin e s s - U se P a sse n g e r C o m i n s , “ F ix e d P r i v a te C a p it a l i n t h e U n i t e d S ta te s : R e v is e d E s tim a te s , C a rs ( W a s h i n g t o n , D .C .: A p r il 1 9 9 1 ) ; a n d U .S . D e p a r t m e n t o f t h e T r e a s u r y , 1 9 2 5 -8 1 R e p o r t to th e C o n g re ss o n D e p r e c ia tio n o f B u sin e s s -U s e L ig h t T r u c k s ( W a s h a n d E s t im a te s b y I n d u s t r y , 1 9 4 7 - 8 1 ,” S u r v e y 6 5 ( J u l y 1 9 8 5 ): 3 6 -5 9 . i n g t o n , D .C .: S e p t e m b e r 1 9 9 1 ) . T a b le C . B E A R a t e s o f D e p r e c ia tio n , S e r v ic e L iv e s , D e c lin in g -B a la n c e R a te s , a n d H u lte n -W y k o ff C a te g o r ie s — C o n tin u e d Typ e o f A s s e t R a te o f d e p re c ia tio n 0 .1 3 7 5 D e c lin in g b a la n c e ra te s S e rv ic e life (y e a rs ) 12 1 .6 5 H u lte n W y k o ff c a te g o ry 1 M a c h in e s h o p p r o d u c ts ......................................... W o o d c o m m e rc ia l fu r n it u r e .................................... M e ta l c o m m e rc ia l f u r n it u r e .................................... 0 .1 1 0 0 0 .4 5 3 3 0 .1 6 5 0 15 5 10 1 .6 5 2 .2 6 6 4 1 .6 5 c C C E n te rp ris e s : U .S . P o s ta l S e rv ic e : C o m p u te rs a n d p e rip h e ra l V e h ic le s .............................................. O t h e r .................................................. O t h e r .................................*........................ S ta te a n d lo c a l P o w e r to o ls , la w n a n d g a rd e n e q u ip m e n t............ M is c e lla n e o u s m e ta l p r o d u c ts .............................. A g ric u ltu ra l m a c h in e r y a n d e q u ip m e n t................ C o n s tr u c tio n m a c h in e r y a n d e q u ip m e n t.............. M e ta lw o rk in g m a c h in e ^ a n d e q u ip m e n t............. G e n e ra l p u r p o s e m a c h in e r y a n d e q u ip m e n t...... S p e c ia l in d u s try m a c h in e r y a n d e q u ip m e n t......... In te g ra tin g a n d m e a s u rin g in s tr u m e n ts ............... M o to rs , g e n e ra to rs , m o to r g e n e ra to r s e t s ........... S w itc h g e a r a n d s w itc h b o a rd e q u ip m e n t.............. E le c tro n ic c o m p o n e n ts a n d a c c e s s o r ie s ............. C a lc u la tin g a n d a c c o u n tin g m a c h in e s ................. T y p e w rite rs ............................................................... H o m e e le c tr o n ic e q u ip m e n t................................... M o to r c y c le s ............................................................. A ir c r a ft...................................................................... R a ilro a d e q u ip m e n t................................................ 0 .3 2 3 8 0 .1 1 0 0 0 .0 5 0 0 0 .0 5 0 0 0 .0 6 6 0 7 15 33 33 25 2 .2 6 6 4 1 .6 5 1 .6 5 1 .6 5 1 .6 5 C c c c c P h o to g ra p h ic a n d p h o to c o p y in g e q u ip m e n t........ M o b ile c la s s ro o m s , m o b ile o ffic e s , e t c ................ 0 .1 6 5 0 0 .0 9 1 7 0 .1 8 3 3 0 .1 6 5 0 0 .1 0 31 0 .1 5 0 0 0 .1 5 0 0 0 .1 3 7 5 0 .0 5 1 6 0 .0 5 0 0 0 .1 8 3 3 0 .1 3 7 5 0 .2 3 5 7 0 .2 3 5 7 10 18 9 10 16 11 11 12 32 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 c c c c c c c c c F e d e ra l, S ta te , a n d lo c a l: B u ild in g s : In d u s tr ia l.......................................................... E d u c a tio n a l..................................................... H o s p ita l........................................................... O t h e r ............................................................... N o n b u ild in g s : H ig h w a y s a n d s t r e e ts ........................................ C o n s e rv a tio n a n d d e v e lo p m e n t........................ S e w e r s y s te m s ................................................... W a te r s y s te m s .................................................... 33 9 12 7 7 R a te o f d e p re c ia tio n S e rv ic e life (y e a rs ) D e c lin in g b a la n c e ra te s H u lte n W y k o ff c a te g o ry 1 c N o n d e fe n s e : G e n e ra l g o v e rn m e n t: C o m p u te r s a n d p e r ip h e ra l e q u ip m e n t32 V e h ic le s ...................................................... T y pe o f A s s e t c c c c c * T h is ty p e o f a s s e t w a s c a te g oriz e d b y BEA rath e r th a n by H ulten a nd W ykoff. 1. T h is c o lum n refers to H u lte n-W y ko ff c a te g orie s . Type A a s se ts a re ty p e s o f a s s e ts fo r w h ic h H u lte n-W y ko ff s p e cifi c a lly e s tim a te d a g e -p ric e p ro file s. Type B a s s e ts a re th o s e for w hich H u lten -W y ko ff u se d e m p irica l res e arc h b y o th ers and th e ir ju d g e m e n t to e s tim a te th e d ep re c ia tio n rate. Type C a s se ts a re a s s e ts fo r w h ic h H u lte n-W y ko ff e s tim a te d a n a ve ra ge d ec lin in g -b a la n c e rate fro m d a ta fo r a ll ty p e A a nd B a s se ts . 2. T h e d e p re c ia tio n rate fo r th is ty p e o f a s s e t is n ot u s e d fo r c o m pu ters and p erip h era l e qu ip m e nt. D e pre cia tio n rates for th e s e a s s e ts a re tak e n fro m O lin e r a s d e s c rib e d in th e text. 3. T h e d e c lin in g -b a la n c e rate is fro m th e H u lten -W y ko ff c o m m u nic a tion s e q u ip m e n t a gg rega te . 4. In s trum e nts a n d o th e r p riv ate n o nre s ide n tial e qu ipm en t, c alled p ro d uc e r durab le e qu ip m e n t b y H u lten-W yko ff, are c la s s ifie d by th e m to b e o f ty pe C, but a p p e a r to b e o f ty p e B as the y w e re g ive n a d e c lin in g-b a la n c e rate o f 1.6203. 5. T h e d e c lin in g -b a la n c e rate is fro m th e H u lten -W y ko ff o th e r pro d u c e r d ura ble e qu ip m e n t agg re ga te . 6. T h e d e p re c ia tio n ra te s fo r n u c le a r fu e l a re b a s ed o n a s tra ig ht-lin e rate p atte rn a nd a W infre y re tirem e nt p attern. 7. T h e d e c lin in g -b a la n c e rate is fro m th e H u lten -W y ko ff fa b ric ated m e ta l p ro d u c ts a gg rega te . 8. T h e d e c lin in g -b a la n c e rate is fro m th e H u lten -W y ko ff e ng in e s a nd tu rb in e s a g g reg ate. 9. T h e d e p re c ia tio n rate a n d s e rv ic e life lis te d a pp ly to n on m a n ufac turin g in du s trie s ; th e s e rvic e live s a n d d ep rec ia tion rates u se d fo r m a nu fa ctu ring in d u s trie s d iffe r b y industry . T h e H u lten-W y ko ff ty p e o f a s se t lis te d a pp lie s to all in du stries. 10. T h e d e c lin in g -b a la n c e rate is from th e H u lten -W y ko ff tru c ks , b us es a nd tru c k tra ile r a gg rega te . 11. D e p re cia tio n rates fo r a uto s are d e riv e d fro m d a ta o n n ew a nd u s e d a u to prices. 12. T h e d e c lin in g -b a la n c e rate is from th e H u lten -W y ko ff fu rn itu re a n d fix tu re s a gg reg ate. 13. T h e d e c lin in g -b a la n c e rate is from th e H u lten -W y ko ff tra c to rs agg re ga te . 14. T h e d e c lin in g -b a la n c e rate is from th e H u lten -W y ko ff s e rv ic e in du s try m a c h in e ry a gg rega te . 15. T h e d e c lin in g -b a la n c e rate is s e t to th e H u lten -W y ko ff p ro d uc e r d urab le e q u ip m e n t default. 16. T h e d ec lin in g -b a la n c e rate is from th e H u lte n-W y ko ff e le c trica l e q u ip m e n t (no t e ls e w h ere c las sifie d) agg re ga te . 17. T h e d e c lin in g -b a la n c e rate is from th e H u lten -W y ko ff co m m e rc ia l a gg rega te . 18. T h e d e c lin in g -b a la n c e rate is fro m th e H u lten -W y ko ff o th er p riv ate n on re s id e n tia l s tru ctu re s a g gre ga te , w hich 0 .2 0 6 3 0 .1 1 7 9 0 .1 1 7 9 0 .1 5 0 0 0 .1 5 0 0 0 .1 6 5 0 0 .1 6 5 0 0 .1 1 0 0 0 .0 5 9 0 0 .1 6 5 0 0 .1 6 5 0 0 .1 6 5 0 0 .1 8 3 4 0 .1 3 7 5 8 14 14 11 11 10 10 15 28 10 10 10 9 12 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 65 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .6 5 1 .65 1 65 c c c c c c c c c c c c c c 0 .0 2 8 5 0 .0 1 8 2 0 .0 1 8 2 0 .0 1 8 2 32 50 50 50 0.91 0.91 0.91 0.91 c c c c 0 .0 2 0 2 0 .0 1 5 2 0 .0 1 5 2 0 .0 1 5 2 0 .0 1 8 2 0 .0 1 5 2 45 60 60 60 50 6Cu 0.91 0.91 0.91 0.91 0.91 0.91 B* c G o v e r n m e n t n o n r e s id e n ti a l s t r u c t u r e s 33 O t h e r ! ................................................................... c c c c c o n s is ts o f b u ild ing s u se d p rim a rily fo r s o cial a nd rec rea tio na l a c tiv itie s a nd b u ild ing s n o t e ls e w he re c la ssified . 19. T h e d ec lin in g -b a la n c e rate is fro m th e H u lten-W y ko ff p ub lic u tilities a g grega te . 20. T h e d ec lin in g -b a la n c e rate is s e t to th e H u lte n-W y ko ff p riv ate n o n re s id e n tia l s tru c ture s d efault. 21. T h e d ec lin in g -b a la n c e rate is fro m the H u lten -W yk o ff m ining e xp lora tion , s ha fts a n d w e lls a gg re ga te . 22. T h e d e c lin in g-b a la n c e rate is fro m the H u lte n-W y ko ff o th e r p riv ate n o nre s ide n tial s tru ctu re s a g gre ga te , w hich c o n s is ts o f s tre ets, d am s a n d res erv oirs, s e w er a n d w a te r fa cilitie s. 23. T h e d ec lin in g -b a la n c e rate is s e t to th e H u lte n-W y ko ff p ro d u ce r d urab le e qu ip m e n t d efault. 24. F o r a ll c o n s u m e r d ura b le s e x ce p t fo r m o to r v e h ic le s a n d p a rts a nd c o m p u tin g e q u ipm en t, th e d e c lin in g-b a la n ce rate is s e t to th e H u lte n-W y ko ff p ro d u c e r d urab le e q u ip m e n t default. 25. T h e c o rres p o n d in g H u lten -W yk o ff c o n s u m e r d ura ble s c a te g o ry is other. 26. D e pre cia tion rates fo r c o m p u te rs a n d p e riph era l e qu ip m e nt a re tak e n fro m O lin e r a s d e s c rib ed in the text. T h e in fo r m a tio n lis te d a p p lie s to v id e o a n d a ud io p ro d u c ts a nd m usical in stru m en ts . T h e c o rres p o n d in g H u lten-W y ko ff a g gre ga te is rad io a nd tele v is io n rec eivers, rec orde rs , a n d m u s ica l in stru m e nts . R adio a nd tele v is io n receivers, rec orde rs , a nd m usical in stru m e n ts a re c la s s ifie d b y H u lte n-W y ko ff to b e o f ty pe B, but a re in d is tin g uis h ab le fro m ty pe C a s th e ir d e c lin in g-b ala nc e rate is 1.65. 27. T h e c o rres p o n d in g H u lten-W y ko ff c o n s u m e r d ura ble s c a te g o ry is w h ee l g oo d s, d u ra b le toys, s p orts eq uip m e nt. 28. T h e d ec lin in g -b a la n c e rate is fro m th e H u lte n-W y ko ff m o to r v e h ic le s a n d p arts a gg rega te . T h e d e c lin in g-b ala nc e rate for th is c a te g o ry is c a lc u late d u n de r th e a s su m p tio n th a t th e s e rv ic e life fo r c o n s um er d ura b le s m o to r v e h icle s and p arts is e qu a l to th e s e rv ic e life fo r p ro d u c e r d ura ble e q u ip m e n t a u to s p rev io us ly u s e d by B EA. 29. F o r m ost g o v e rn m e n t n o nre s ide n tial e qu ip m e nt, the d ec lin in g -b a la n c e rate is s e t to th e H u lte n-W y ko ff p ro d uc e r d ura ble e qu ip m e n t d efa u lt. W h ere p os sible, th e rate is s e t e qu a l to th e rate u s e d fo r c o m p ara ble e q u ip m e n t in th e priv ate se ctor. 30. M is sile s a re d e pre c iate d u sin g s traight-line p a tte rn s o f d ep re c ia tio n a n d a W infre y re tire m e n t pattern. 31. D e pre cia tion rates fo r g ov e rnm e nt-o w ne d a uto s a re d e riv e d fro m d ata on a u to s th a t a re p riv ate ly o wned. 32. D e pre cia tion rates fo r th e s e a s se ts a re tak e n fro m O lin e r a s d e s c rib ed in th e text. 33. For a ll g o v e rn m e n t n on res ide n tia l s tru c ture s, the d e c lin in g -b a la n c e rate is s e t to th e H u lte n-W y ko ff p riv a te n on res i d en tia l s tru c tu re s default. Fixed Assets and Consumer Durable Goods in the United States, 1925-97 o f s e r v ic e liv e s f o r p r o d u c t i o n - t y p e e q u i p m e n t — m e t M -33 F o r so m e F e d e ra l G o v e rn m e n t e q u ip m e n t (p rim a rily a lw o r k in g m a c h in e r y ; s p e c ia l i n d u s t r y m a c h in e r y , n o t m i li t a r y e q u i p m e n t ) , d e p r e c i a t i o n p a t t e r n s a r e b a s e d e ls e w h e r e c la ss ifie d ; a n d g e n e r a l i n d u s t r i a l m a c h in e r y , o n s e r v ic e lives e s ti m a t e d f r o m U .S . G o v e r n m e n t a d i n c lu d in g m a te r ia ls h a n d l i n g e q u i p m e n t . T h e i n f o r m i n is tr a t iv e s o u r c e s ( p r i m a r i l y U .S . D e p a r t m e n t o f m a t i o n o n t h e s e r v ic e life f o r n u c l e a r f u e l w a s o b t a i n e d D e f e n s e d a ta ) . f r o m P r o f e s s o r M a d e lin e F e ltu s o f t h e P e n n s y lv a n ia B a s e d o n r e c e n t s tu d i e s , t h e s e r v ic e life f o r h ig h w a y s S ta te U n iv e r sity . T h e s e r v ic e life f o r o ffic e , c o m p u t i n g , w a s s h o r t e n e d to 4 5 y e a r s f r o m 6 0 y e a r s s o t h e g e o m e t a n d a c c o u n ti n g m a c h i n e r y is d e r iv e d , in p a r t , f r o m th e r ic r a te is 0 .0 2 0 2 in s te a d o f 0 .0 1 5 2 as it h a d b e e n in s tu d y b y O l i n e r b a s e d o n i n d u s t r y d a t a .70 T h e s e r v ic e p r e v io u s l y p u b li s h e d e s ti m a t e s .73 T h e n e w r a te is b a s e d liv es f o r s o f tw a r e w e r e s e t ju d g m e n t a l l y b y B E A d u r i n g o n th e d e f a u l t d e c l in in g b a l a n c e r a te (0 .9 1 ) . th e 1 9 9 9 c o m p r e h e n s iv e r e v is io n . T h e d e r i v a t i o n o f D u r a b le g o o d s o w n e d b y c o n s u m e r s. F o r d u ra b le s to c k s o f a u t o s d o e s n o t r e q u ir e a n e x p lic it s e r v ic e -lif e g o o d s o w n e d b y c o n s u m e r s , t h e a v e r a g e s e r v ic e liv es a s s u m p t i o n , as e x p la in e d in t h e s e c ti o n “ D e r iv a t io n o f a r e b a s e d o n u n p u b l i s h e d t r a d e a s s o c ia t io n d a t a , t h e E s tim a te s o f P r iv a t e l y - o w n e d A u to m o b ile s .” T h e s e r a s s u m p t i o n s o f o t h e r r e s e a r c h e r s , s e v e ra l U S D A s t u d v ic e life f o r r a il r o a d e q u i p m e n t is d e r iv e d f r o m i n f o r ies, a n d th e ag e d i s t r i b u t i o n o f th e s to c k o f v a r io u s m a t i o n o n s e r v ic e liv es s u b m i t t e d b y r a il r o a d s t o th e consum er I n te r s ta te C o m m e r c e C o m m i s s i o n as p a r t o f t h e 1983 1 9 7 2 - 7 3 BLS s u r v e y s o f c o n s u m e r e x p e n d i t u r e s .74 d u r a b le s re p o rte d in th e 1 9 6 0 -6 1 and a n n u a l r e p o r t s o f in d i v i d u a l r a ilr o a d s . P r i v a t e n o n r e s i d e n t i a l s tr u c tu r e s . F o r f a r m s t r u c Retirement patterns tu r e s , th e a v e r a g e s e r v ic e life is d e r iv e d f r o m U S D A A sse ts a r e “r e t i r e d ” f r o m t h e s to c k w h e n t h e i r v a l u e d e s tu d ie s . F o r t e le p h o n e a n d te le g r a p h , e le c t r i c li g h t a n d c lin e s t o z e ro . T h is n o r m a l l y o c c u r s a t t h e e n d o f t h e i r p o w e r , g a s, a n d p e t r o l e u m p ip e lin e s s tr u c t u r e s , t h e a s s u m e d s e r v ic e liv es. H o w e v e r, s o m e a ss e ts a r e r e t i r e d s e r v ic e liv es a r e d e r iv e d b y c o m p a r i n g b o o k v a lu e d a t a p r e m a tu r e l y b e c a u s e o f c a t a s t r o p h i c lo s s e s a n d , f o r p r o v id e d b y r e g u la to r y a g e n c ie s w it h v a r io u s p e r p e t u a l m i li t a r y e q u i p m e n t a n d s t r u c t u r e s , b e c a u s e o f s u r p lu s - in v e n to r y e s tim a t e s c a l c u la te d u s in g a l te r n a t iv e s e r v ic e in g b y th e F e d e r a l G o v e r n m e n t . F o r m is s ile s a n d n u lives. F o r r a i l r o a d s t r u c t u r e s , s e r v ic e liv es a r e d e r iv e d c le a r f u e l r o d s , t h e d e p r e c i a t i o n p r o f il e is a s s u m e d to f r o m t h e s a m e s o u r c e a s f o r r a il r o a d e q u i p m e n t (see d e c lin e t o z e r o in a s t r a i g h t - l i n e m a n n e r , b u t e a c h v i n a b o v e ) . F o r p e t r o l e u m a n d n a t u r a l g a s e x p l o r a ti o n , ta g e o f a g iv e n ty p e o f a s s e t is d iv i d e d i n t o s e v e r a l s h a f ts , a n d w e lls, t h e liv es a r e b a s e d o n d a t a f r o m t h e d o z e n c o h o r ts , e a c h o f w h ic h is a s s u m e d to h a v e a d if C e n s u s B u r e a u ’s a n n u a l s u r v e y s o f o il a n d g a s f o r f e r e n t s e r v ic e life. T h e s e liv es a r e a s s u m e d to b e d is 1 9 7 9 - 1 9 8 2 . F o r o t h e r ty p e s o f n o n f a r m s t r u c t u r e s , s e r trib u te d v ic e liv es a r e b a s e d o n p u b l i s h e d a n d u n p u b l i s h e d d a t a c a lc u la te d u s in g a m o d i f i e d v e r s io n o f a c u r v e d e v e l f r o m s t u d ie s c o n d u c t e d d u r i n g th e 1 9 6 0 s a n d 1 9 7 0 s b y o p e d b y W in f r e y ( se e ta b le D ) .75 S p e c ific a lly , a W i n f r e y t h e U .S . D e p a r t m e n t o f t h e T r e a s u r y .71 S - 3 c u r v e , w h ic h is a b e l l - s h a p e d d i s t r i b u t i o n c e n t e r e d R e s i d e n t i a l s tr u c tu r e s . T h e a v e r a g e s e r v ic e liv es f o r about th e m ean a c c o r d in g to a p a tte rn o n t h e a v e r a g e s e r v ic e life o f t h e a s s e t, is m o d i f i e d so m o s t ty p e s o f n e w r e s id e n t ia l s t r u c t u r e s a r e ta k e n f r o m a s tu d y b y G o ld s m i t h a n d L ip se y .72 I m p r o v e m e n t s to 7 3 . F o r i n f o r m a t i o n o n t h e s e r v i c e lif e o f h ig h w a y s , s e e R i c h a r d B e e m ille r , E x p e r i m e n ta l E s tim a te s o f S ta te a n d L o c a l G o v e r n m e n t H ig h w a y C a p i ta l r e s i d e n t ia l s t r u c t u r e s a r e a s s ig n e d t h e f o llo w in g lives: S to c k s ( p a p e r p r e s e n t e d A d d it i o n s a n d a l t e r a t io n s a r e a s s u m e d t o h a v e liv es R e g io n a l S c ie n c e A s s o c ia t io n , R i c h m o n d , V A , A p r i l 1 9 9 9 ); a n d B a r b a r a M . o n e - h a l f as lo n g as t h o s e f o r n e w s tr u c t u r e s ; a n d liv es f o r t h e F e d e r a l H ig h w a y A d m i n i s t r a t i o n , U .S . D e p a r t m e n t o f T r a n s p o r t a f o r r e s id e n t ia l m a j o r r e p l a c e m e n ts a r e b a s e d o n i n d u s tio n , J a n u a ry 1999. try e s tim a te s fo r it e m s r e p la c e d d u r i n g t h e 1 9 7 0 s. a t th e 1999 a n n u a l m e e tin g o f th e S o u th e rn F r a u m e n i , P ro d u c tiv e H i g h w a y C a p i ta l S to c k M e a s u r e s, a r e p o r t p r e p a r e d 7 4 . S e e L e n o r e A . E p s t e i n , C o n s u m e r s ’ T a n g ib le A sse ts, S tu d ie s in In c o m e a n d W e a lth , V o l u m e 12 ( P r i n c e t o n , N J ): P r i n c e t o n U n iv e r s i ty P r e ss , f o r t h e M o b ile h o m e s a r e a s s ig n e d a life o f 2 0 y e a r s, b a s e d o n N a t io n a l B u r e a u o f E c o n o m i c R e s e a r c h , 1 9 5 0 , 4 1 0 - 4 6 0 ; R a y m o n d W . G o l d t r a d e a s s o c ia tio n d a t a . s m i th , T h e N a t io n a l W e a lth o f th e U n i te d S ta te s in th e P o stw a r P e r io d ( P r i n c G o v e r n m e n t - o w n e d f i x e d a s se ts . S e r v ic e liv es f o r e t o n , N J: P r i n c e t o n U n iv e r s i ty P r e s s , f o r t h e N a t i o n a l B u r e a u o f E c o n o m i c R e s e a r c h , 1 9 6 2 ) ; M a r i ly n D o s s R u f f in a n d K a t h e r i n e S. T i p p e t t , “ S e r m o s t g o v e r n m e n t a ss e ts a r e d e r i v e d f r o m t h o s e u s e d v ic e - L if e f o r c o r r e s p o n d i n g a s se ts o w n e d b y p r iv a t e b u s in e s s . U S D A ,” H o m e E c o n o m ic s R e se a rc h J o u r n a l 3 ( M a r c h 1 9 7 5 ): 1 5 9 - 1 7 0 ; a n d U .S . E x p e c ta n c y B u re au o f H o u s e h o ld o f L abor A p p li a n c e s : N ew E s t im a te s fro m S ta tis ti c s , “ S u r v e y o f C o n s u m e r E x p e n d i t u r e s , 1 9 6 0 - 6 1 , E x p a n d i n g O w n e r s h i p o f H o u s e h o l d E q u i p m e n t ,” B L S R e p o r t N o . 2 3 8 - 7 , N o v e m b e r 1 9 6 4 , a n d “ C o n s u m e r E x p e n d i t u r e S u r v e y S e ries : 70. O li n e r , 1 993. 71. S e e U .S . D e p a r t m e n t o f t h e T r e a s u r y , O f fic e o f I n d u s t r i a l E c o n o m ic s , B u s in e s s B u i l d i n g S ta tis tic s ( W a s h i n g t o n , D .C .: U .S . G o v e r n m e n t P r i n t i n g I n t e r v i e w S u r v e y , 1 9 7 2 - 7 3 , I n v e n to r i e s o f V e h icles a n d S e le c te d H o u s e h o l d E q u i p m e n t , 1973,” B L S R e p o r t N o . 4 5 5 - 5 , 1 978. 7 5 . S e e R o b le y W in f r e y , S ta tis ti c a l A n a ly s e s o f I n d u s t r i a l P r o p e r ty R e ti r e O f fic e , A u g u s t 1 9 7 5 ) . th e m e n ts , B u lle tin 1 2 5 R e v is e d ( A m e s , IA : E n g i n e e r i n g R e s e a r c h I n s t i t u t e , N a t io n a l B a la n c e S h e e t o f t h e U n it e d S ta te s, V o lu m e 1 ( P r i n c e t o n , N J : P r i n c e t o n U n iv e r s i ty P r e ss , f o r t h e N a t io n a l B u r e a u o f E c o n o m i c R e s e a r c h , I o w a S ta te U n iv e r s ity , A p r i l 1 9 6 7 ); a n d J .G . R u s s o a n d H .A . C o w le s , “ R e v a l 1963). ( F a ll 1 9 8 0 ) : 1 - 1 6 . 72. See R a y m o n d W . G o ld s m ith and R o b e r t L ip se y , S tu d ie s in i d a t i o n o f t h e I o w a T y p e S u r v i v o r C u r v e s ,” T h e E n g in e e r in g E c o n o m is t 26 k M -34 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 t h a t r e t i r e m e n t s s t a r t a t 4 5 p e r c e n t a n d e n d a t 155 p e r th e d e p r e c ia ti o n r a te s t h a t a r e u s e d a r e b a s e d o n e m c e n t o f t h e a v e ra g e s e r v ic e life .76 T h is r e t i r e m e n t p a t p ir i c a l e s tim a te s t h a t r e f le c t t h e p a t t e r n o f a c t u a l r e t i r e t e r n r e s u lts in a d e c lin e in th e v a lu e o f t h e n e t s to c k o f m e n ts . R e t ir e m e n ts a n e n t i r e v i n t a g e o f m is s ile s o r n u c l e a r f u e l r o d s in a v e h ic le r e g i s t r a t i o n d a t a , a l t h o u g h a ll a u t o s t h a t a r e m a n n e r t h a t is s o m e w h a t m o r e a c c e le r a te d t h a n t h a t m o r e t h a n 12 y e a r s o l d a r e fu lly d e p r e c ia te d . C o m g iv e n b y t h e s im p le s t r a i g h t- li n e p a t t e r n . o f a u to s a re d e te rm in e d fro m p u t e r e q u i p m e n t is im p lic itl y r e t i r e d a t v a r io u s ag es; F o r all o t h e r a s se ts , n o e x p lic it r e t i r e m e n t p a t t e r n s t h a t is, w h e n it is f u lly d e p r e c ia te d , a c c o r d in g to th e a s a r e u s e d in c o n s t r u c t i n g th e e s tim a te s o f t h e s to c k s , b u t s u m e d e m p ir ic a l p r o f ile . A ll r e m a i n i n g a s se ts a r e a s 76. W in f r e y d e v e l o p e d a n u m b e r o f r e t i r e m e n t c u r v e s . S o m e w e r e s y m s u m e d to h a v e g e o m e tr ic d e p r e c ia ti o n p r o f ile s ; t h e i r m e t r i c a b o u t t h e m e a n ; o t h e r s w e r e a s y m m e t r ic . T h e d e s i g n a t i o n S - 3 a s s u m e d s e r v ic e liv e s o n ly s e r v e t o h e lp d e t e r m i n e th e m e a n s i t is t h e t h i r d o f t h r e e v a r i a t i o n s o f a s y m m e t r i c c u r v e . a p p r o p r i a t e d e p r e c i a t i o n r a te s. T a b le D . M o d ifie d W in fr e y S - 3 R e tir e m e n t P a tte rn f o r M is s ile s a n d N u c le a r F u e l R o d s P e rc e n t o f a v e ra g e s e r v ic e life L e s s th a n 4 5 ................................................................................. 4 5 ......................................................................................... 5 0 ......................................................................................... 5 5 .......................................................................................... 6 0 ......................................................................................... 6 5 ......................................................................................... 7 0 ......................................................................................... 7 5 .......................................................................................... 8 0 ......................................................................................... 8 5 ......................................................................................... 9 0 ......................................................................................... 9 5 ......................................................................................... 1 0 0 ....................................................................................... C u m u la tiv e p e rc e n t o f e x p e n d itu re s d is c a rd e d 0 1.2 2 .4 4.1 6 .5 9 .7 1 3 .7 1 8 .7 2 4 .6 3 1 .2 3 8 .4 4 6.1 5 3 .9 P e rc e n t o f a v e ra g e s e r v ic e life 1 0 5 ............................................................... 1 1 0 ............................................................... 1 1 5 ............................................................... 1 2 0 ............................................................... 1 2 5 ............................................................... 1 3 0 ............................................................... 1 3 5 ............................................................... 1 4 0 ............................................................... 1 4 5 ............................................................... 1 5 0 ............................................................... 1 5 5 ...................................................... M o re th a n 1 5 5 .................................................... C u m u la tiv e p e rc e n t o f e x p e n d itu re s d is c a rd e d 6 1 .6 6 8 .8 7 5 .4 8 1 .3 8 6 .3 9 0 .3 9 3 .5 9 5 .9 9 7 .6 9 8 .8 1 0 0 .0 1 0 0 .0 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -35 Derivation of Est im at es of Privately Ow ned Aut om obiles T h e e x te n s iv e d a t a a v a ila b le o n a u t o m o b i l e s 77 a llo w s o w n e d b y in d i v id u a l s t h a t a r e u s e d e x c lu s iv e ly f o r p e r t h e u se o f t h e p h y s ic a l in v e n t o r y m e t h o d in d e r iv in g s o n a l p u r p o s e s a r e a s s ig n e d to t h e c o n s u m e r s to c k . e s tim a t e s o f n e t s to c k s a n d d e p r e c ia ti o n . A s a r e s u lt, it N e w a u t o s o w n e d b y in d i v id u a l s t h a t a r e u s e d w h o l ly is n o t n e c e s s a r y to a s s u m e a s e r v ic e life o r r e t i r e m e n t o r p a r t l y f o r b u s in e s s p u r p o s e s a r e a l lo c a t e d b e t w e e n p a t t e r n f o r a u t o s o r to m a k e e x p lic it a d j u s t m e n t s t o t h e c o n s u m e r a n d b u s in e s s s to c k s , a c c o r d in g t o t h e s h a r e in v e s tm e n t d a ta fo r n e t p u rc h a s e s o f u s e d a u to s b e o f b u s in e s s u s a g e o f th e s e a u t o s .79 T h e p o r t i o n o f th e s e tw e e n d i f f e r e n t ty p e s o f o w n e r s . a u t o s a llo c a te d to th e b u s in e s s s to c k p r o v id e s t h e e s ti T h e n u m b e r o f a u t o s in u s e a n d t h e i r r e s p e c tiv e a g es m a te s o f e m p lo y e e - o w n e d a u t o s d is c u s s e d in t h e s e c a r e e s t i m a t e d u s in g r e g i s t r a t i o n d a t a b y m o d e l y e a r t i o n “ I n v e s tm e n t c o n t r o l s b y ty p e o f i n d u s t r y ” in th e ta b u l a t e d a n n u a l l y b y R.L . P o lk a n d C o m p a n y . T h is i n c h a p t e r “ D e r iv a t io n o f I n v e s tm e n t F lo w s.” T h e s e e s ti f o r m a t i o n is u s e d t o d e r iv e e s tim a te s o f t h e t o t a l s to c k m a te s a r e a d j u s t e d f o r p u r c h a s e s b y c o n s u m e r s o f u s e d o f a u t o s o w n e d b y p r iv a t e b u s in e s s , g o v e r n m e n t, a n d a u t o s f r o m b o t h b u s in e s s a n d g o v e r n m e n t u s in g a s c o n s u m e r s . T h e a l lo c a t io n o f u n i t s to c k s ( m e a s u r e d in s u m e d r e t e n t i o n r a te s , b a s e d o n a n a v e r a g e r e t e n t i o n n u m b e r s o f v e h ic le s ) a m o n g s e c to r s is b a s e d o n i n f o r p e r i o d o f s lig h tly m o r e t h a n o n e y e a r f o r r e n t a l a u t o s m a t i o n o n n e w a u t o sa le s b y s e c to r a n d a s s u m e d r e t e n a n d b e tw e e n 3 a n d 4 y e a r s f o r o t h e r a u t o s o w n e d b y t i o n r a te s f o r p r iv a t e b u s in e s s a n d f o r g o v e r n m e n t b u s in e s s a n d g o v e r n m e n t. a u to s . E s ti m a te s o f t h e s to c k o f c o n s u m e r a u t o s a r e T h i r d , th e a v e r a g e u n i t v a lu e s f o r b u s in e s s a n d c o n b a s e d o n t h e d if f e r e n c e b e tw e e n t h e t o t a l s to c k a n d th e s u m e r a u to s in e a c h y e a r o f o r ig i n a l sa le a r e d e r iv e d s to c k s o w n e d b y b u s in e s s a n d b y g o v e r n m e n t. f r o m lis t p r ic e s b y m o d e l ( i n c l u d in g o p t i o n s ) f r o m T h e f ir s t s te p in d e r iv in g e s tim a t e s o f a u t o s to c k s t r a d e s o u r c e s . T h e s e p r ic e s a r e a d j u s t e d f o r t r a n s p o r t a h e l d b y b u s in e s s , b y g o v e r n m e n t, a n d b y c o n s u m e r s t i o n c o s ts , d i s c o u n t f a c to r s , r e b a te s , a n d sa le s ta x e s . A v in v o lv e s t h e c a l c u la ti o n o f th e t o t a l s to c k o f a u t o s in e ra g e u s e r e g a r d le s s o f o w n e r s h ip . F ir s t, t h e n u m b e r o f n e w d e f la tio n u s in g t h e p r ic e in d e x e s f o r t h e n e w - a u t o c a t e a u t o s e n t e r i n g t h e s to c k e a c h y e a r is e s ti m a t e d f r o m g o r y o f p r iv a t e e q u i p m e n t a n d p e r s o n a l c o n s u m p t i o n t r a d e s o u r c e d a t a . S e c o n d , s u r v iv a l r a te s f o r e a c h y e a r e x p e n d i tu r e s , w h ic h a r e b a s e d o n t h e c o n s u m e r p r ic e u n i t v a lu e s in 1 9 9 6 p r ic e s a re o b ta in e d by o f o r ig i n a l r e g i s t r a t i o n a r e e s ti m a t e d u s in g a n n u a l P o lk in d e x f o r n e w a u to s . T h e a n n u a l r e a l - c o s t n e t s to c k s o f t a b u l a t i o n s o f c a r r e g is t r a ti o n s b y m o d e l y e a r. F in a lly , b u s in e s s a n d c o n s u m e r a u t o s a r e o b t a i n e d b y m u l t i t h e s u r v iv a l r a te s a r e a p p l ie d to th e e s ti m a t e s o f n e w p ly i n g th e n u m b e r o f b u s in e s s a u t o s a n d c o n s u m e r a u a u t o s to d e r iv e a n n u a l e s tim a t e s o f t h e t o t a l s to c k o f to s f o r e a c h y e a r o f o r ig i n a l sa le b y t h e c o r r e s p o n d i n g a u t o s i n u s e b y y e a r o f o r ig i n a l s a le .78 T h e s e c o n d s te p in v o lv e s s e p a r a t in g t h e to t a l s to c k d e f la te d u n i t v a lu e s , w h ic h a r e t h e n a d j u s t e d f o r a g e , a c c o r d in g to t h e e s t i m a t e d d e p r e c i a t i o n p r o f ile . o f a u t o s i n t o s to c k s h e l d b y c o n s u m e r s , g o v e r n m e n t, F in a lly , t h e t o t a l b u s in e s s s to c k o f a u t o s is d i s t r i b a n d b u s in e s s , u s in g P o lk ta b u l a t i o n s o f r e g is t r a ti o n s o f u t e d b y i n d u s t r y u s in g d a t a f r o m c a p i ta l f lo w ta b le s n e w a u t o s as w e ll as BLS a n d C e n s u s B u r e a u d a t a o n t h a t h a v e b e e n a d j u s t e d t o th e N I P A i n d u s t r y c la s s ific a a u t o s o w n e d b y in d i v id u a l s b u t u s e d w h o ll y o r p a r t l y t i o n a n d to a n o w n e r s h ip b a s is . f o r b u s in e s s p u r p o s e s . N e w a u t o s o w n e d b y b u s in e s s e s a r e a s s ig n e d t o t h e b u s in e s s s to c k , a n d n e w a u to s 79. T h e d a ta o n b u s i n e s s u s a g e o f h o u s e h o l d - o w n e d a u t o s a r e d e r iv e d 7 7 . T h e e s t im a te s o f s to c k s o f a u t o s a r e d e r iv e d f r o m d a t a u s e d t o e s t im a te f r o m U .S . D e p a r t m e n t o f L a b o r , B u r e a u o f L a b o r S ta tis ti c s , S u r v e y o f C o n p u rc h a s e s o f a u to s b y p riv a te b u sin e ss a n d b y c o n s u m e r s in th e N IP A s. A s u m e r E x p e n d itu r e s ( W a s h i n g t o n , D .C .: U .S . G o v e r n m e n t P r i n t i n g O f f ic e , d e ta ile d d e s c r i p t i o n o f t h e d e r i v a t i o n o f a u t o d a ta f o r c a r s - i n - u s e a n d 1 9 6 4 ) ; U .S . D e p a r t m e n t o f C o m m e r c e , B u r e a u o f t h e C e n s u s , C o n s u m e r e x p e n d i t u r e s d a t a is g iv e n i n P er so n a l C o n s u m p tio n E x p e n d itu r e s , 5 5 - 5 8 . B u y i n g In d ic a to r s ( W a s h i n g t o n , D .C .: U .S . G o v e r n m e n t P r i n t i n g O f f i c e , J u ly 7 8 . S u r v iv a l r a te s f o r a u t o s t h a t a r e a t le a s t 4 y e a r s o l d a r e c o m p u t e d 1 9 7 1 ); a n d U .S . D e p a r t m e n t o f C o m m e r c e , B u r e a u o f t h e C e n s u s , C u r r e n t d i r e c tl y f r o m P o l k c a r s - i n - u s e d a ta ; s u r v i v a l r a te s f o r a u t o s le s s t h a n 4 y e a r s P o p u la tio n R e p o rts: H o u s e h o ld a n d F a m i ly C h a ra c te r is tic s ( S e r ie s P - 2 0 ) o l d a r e e s t i m a t e d ju d g e m e n ta lly . ( W a s h i n g t o n , D .C .: U .S . G o v e r n m e n t P r i n t i n g O ff ic e , a n n u a l l y ) . Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -37 Glossa ry and Guide to the Tables Glossary F ix e d assets c o n s is t s o f s t r u c t u r e s , e q u i p m e n t , a n d A v e ra g e age o f n e t sto c k a t t h e e n d o f a g iv e n y e a r is a s o f tw a r e t h a t a r e o w n e d b y p r iv a t e b u s in e s s , n o n p r o f i t w e ig h te d a v e r a g e o f th e a g e s o f a ll d e p r e c ia te d in v e s t i n s t i t u t i o n s , F e d e ra l, a n d S ta te a n d lo c a l g o v e r n m e n t m e n t i n t h e s to c k as o f y e a r e n d . T h e w e ig h t f o r e a c h a g e n c ie s in c lu d in g g o v e r n m e n t e n t e r p r i s e s t h a t a r e l o a g e is b a s e d o n t h e p r o p o r t i o n o f its v a lu e as p a r t o f th e c a te d i n t h e U n it e d S ta te s ( e x c e p t f o r n a t i o n a l d e f e n s e t o t a l n e t s to c k . T h e a v e ra g e a g e s o f n e t s to c k s a r e p r e e q u i p m e n t , f o r w h ic h c o v e r a g e is w o r ld w id e ) . s e n te d o n ly f o r t h e c u r r e n t - c o s t a n d h is to r i c a l- c o s t v a l u a t io n s . w a r e , a n d s t r u c t u r e s t h a t a r e o w n e d b y F e d e r a l o r S ta te C o n s u m e r d u ra b les. S ee D u ra b le g o o d s o w n e d b y c o n su m e rs. p r is e s , a n d t h a t a r e lo c a te d in t h e U n it e d S ta te s ( e x c e p t C o rp o ra te b u sin e ss c o n s is ts o f a ll e n t iti e s r e q u ir e d to file F e d e r a l c o r p o r a t e i n c o m e ta x r e t u r n s (IR S F o r m G o v e r n m e n t f i x e d a ssets c o n s is ts o f e q u i p m e n t , s o f t a n d lo c a l g o v e r n m e n ts , in c l u d i n g g o v e r n m e n t e n t e r f o r n a t i o n a l d e f e n s e e q u i p m e n t a n d U .S . e m b a s s ie s a b r o a d , f o r w h ic h c o v e r a g e is w o r ld w id e ) . 1 1 2 0 s e r ie s ) , i n c lu d in g m u t u a l f in a n c ia l in s t i t u t i o n s G ross in v e s tm e n t is t h e v a lu e o f p u r c h a s e s o f n e w a n d c o o p e r a tiv e s s u b je c t to F e d e r a l i n c o m e ta x , n o n f ix e d a s s e ts a n d n e t p u r c h a s e s o f u s e d a ss e ts a t d e p r e c i p r o f i t o r g a n iz a ti o n s t h a t p r i m a r i l y s e r v e b u s in e s s , F e d a t e d c o s t f r o m o t h e r ty p e s o f o w n e r s ( p r iv a t e b u s in e s s , e ral R eserve b a n k s , a n d a g e n c ie s . g o v e r n m e n ts , h o u s e h o ld s , a n d n o n r e s i d e n t s ) . D a ta a r e f e d e r a lly s p o n s o r e d c r e d it C u rr e n t-c o s t v a l u a tio n m e a s u r e s t h e v a lu e o f f ix e d n o t a v a ila b le to a d j u s t f o r n e t p u r c h a s e s o f u s e d a s se ts a t d e p r e c ia te d c o s t a m o n g i n d u s t r i e s o r a m o n g le g a l a ss e ts a n d c o n s u m e r d u r a b le s in t h e p r ic e s o f t h e g iv e n f o r m s o f o r g a n iz a ti o n . I n th i s v o lu m e , p u r c h a s e s o f p e r i o d , w h ic h a r e a t y e a r e n d f o r n e t s to c k s a n d a n n u a l c o n s u m e r d u r a b le s a r e a ls o t r e a t e d as p a r t o f g r o s s i n a v e r a g e s f o r d e p r e c ia ti o n . D e p r e c ia tio n is t h e c h a r g e f o r t h e u s in g u p o f p r iv a t e v e s tm e n t, in c o n t r a s t to t h e N I P A s , w h ic h d o n o t t r e a t t h e m as in v e s tm e n t. a n d g o v e r n m e n t f ix e d a ss e ts a n d c o n s u m e r d u r a b le s . H isto r ic a l-c o s t v a lu a tio n m e a s u r e s t h e v a lu e o f fix e d S p e c ific a lly , it is d e f in e d as t h e d e c lin e i n v a lu e d u e to a ss e ts a n d c o n s u m e r d u r a b le s in t h e p r ic e s o f t h e p e r i w e a r a n d te a r, o b s o le s c e n c e , a c c id e n ta l d a m a g e , a n d o d s in w h ic h t h e a ss e ts w e r e p u r c h a s e d n e w . a g in g . F o r t h e e s tim a t e s p r e s e n t e d h e r e , m o s t a s s e ts a r e N a ti o n a l d e fen se f ix e d a s s e ts c o n s is t s o f e q u i p m e n t , a s s u m e d to h a v e d e p r e c i a t i o n p a t t e r n s t h a t d e c lin e s o f tw a r e , a n d s t r u c t u r e s o w n e d b y t h e U .S . D e p a r t g e o m e tr ic a lly o v e r ti m e so t h a t , f o r a g iv e n y e a r, th e m e n t o f D e fe n s e . I t e x c lu d e s f a m ily h o u s i n g f o r th e c o n s t a n t - d o l l a r d e p r e c i a t i o n c h a r g e s o n e x is tin g a s se ts a r m e d f o r c e s , c iv il w o r k s c o n s t r u c t i o n b y t h e A r m y a r e o b t a i n e d b y m u l t i p l y i n g t h e p r i o r y e a r ’s c h a r g e b y C o r p s o f E n g in e e r s , i n d u s t r i a l f a c ilitie s , m i l i t a r y h o s p i o n e m i n u s t h e a n n u a l d e p r e c i a t i o n r a te . ta ls , a n d t h e S o ld ie r s ’ a n d A i r m e n ’s H o m e . D u ra b le g o o d s o w n e d b y c o n s u m e r s a r e c o m m o d it ie s N e t sto c k is t h e v a lu e o f f ix e d a s s e ts a n d c o n s u m e r p u rc h a s e d b y c o n s u m e rs fo r th e ir n o n b u s in e s s u se th a t d u r a b le s a f te r a c c o u n ti n g f o r d e p r e c ia ti o n . F o r h i s t o r i c a n b e u s e d r e p e a te d ly a n d c o n t i n u o u s l y o v e r a p e r i o d o f th r e e o r m o r e y e a r s. c a l- c o s t v a l u a ti o n a n d f o r r e a l - c o s t v a l u a t i o n a t t h e d e F in a n c ia l in d u s tr ie s c o n s is ts o f t h e f o llo w in g S IC i n t h e n e t s to c k as t h e c u m u la ti v e v a l u e o f p a s t g r o s s i n d u s tr ie s : D e p o s i t o r y i n s t i t u t i o n s , n o n d e p o s i t o r y i n s t i v e s t m e n t less t h e c u m u la ti v e v a lu e o f p a s t d e p r e c i a t u t i o n s , s e c u r it y a n d c o m m o d i t y b r o k e r s , in s u r a n c e ti o n , w it h a d j u s t m e n t s f o r c a t a s t r o p h i c lo s se s a n d f o r f la tio n le v e l, th e p e r p e t u a l i n v e n t o r y m e t h o d c a lc u la te s c a r r i e r s , r e g u la te d i n v e s t m e n t c o m p a n ie s , s m a ll b u s i n e t p u r c h a s e s o f u s e d a s s e ts a t d e p r e c ia te d c o s t. F o r n e s s i n v e s t m e n t c o m p a n ie s , a n d r e a l e s ta t e in v e s t m e n t t r u s t s . 80 c u r r e n t - c o s t v a l u a ti o n , t h e n e t s to c k is t h e v a lu e o f t h e it e m s in t h e r e a l- c o s t n e t s to c k m e a s u r e d in c u r r e n t , y e a r e n d p ric e s. 80. R e g u la te d i n v e s t m e n t c o m p a n i e s , s m a ll b u s i n e s s i n v e s t m e n t c o m p a n i e s , a n d r e a l e s ta te i n v e s t m e n t t r u s t s a r e i n c l u d e d i n t h e S I C c la s s if i c a t io n N o n d e fe n s e fix e d a ss e ts c o n s is t s o f a ll s t r u c t u r e s a n d “h o l d i n g a n d o t h e r i n v e s t m e n t o f f ic e s ” a n d a r e n o t s h o w n s e p a r a te ly i n t h e e q u i p m e n t a n d s o f tw a r e o w n e d b y t h e F e d e r a l G o v N I P A t a b le s o r i n t h e e s t im a te s p r e s e n t e d h e r e . e r n m e n t o th e r th a n N a tio n a l d e fe n s e s tru c tu re s a n d Fixed Assets and Consumer Durable Goods in the United States, 1925-97 M -38 e q u i p m e n t a n d s o f tw a r e . N o n fi n a n c ia l in d u s tr ie s c o n s is ts o f all S IC p r iv a t e i n e t o r m e e ts t h e f ilin g r e q u ir e m e n t s . T e n a n t-o c c u p ie d r e s id e n tia l assets c o n s is ts o f r e n ta l d u s tr ie s o t h e r t h a n t h o s e c la ss ifie d as f in a n c ia l i n d u s h o u s in g , in c l u d i n g a ll g o v e r n m e n t - o w n e d r e s id e n tia l tr ie s ( a n d li s t e d a b o v e ) . O th e r p r iv a te b u sin e ss c o n s is ts o f all e n titie s t h a t a re a sse ts. r e q u i r e d to r e p o r t r e n t a l a n d r o y a lty in c o m e o n t h e i n Guide to the Tables d iv i d u a l in c o m e ta x r e t u r n in 1RS S c h e d u le E ( S u p p le T h e ta b le s in th is p u b l i c a t i o n a r e p r e s e n t e d in e ig h t m e n t a l I n c o m e a n d L o ss) i f t h e i n d i v id u a l m e e ts th e s e c tio n s . S e c tio n 1, w h ic h c o n s is ts o f s e v e n ta b le s , p r e f ilin g c o o p e r a tiv e s , s e n ts s u m m a r y e s tim a te s o f p r iv a t e f ix e d a n d g o v e r n o w n e r - o c c u p i e d n o n f a r m h o u s in g , a n d b u il d in g s a n d m e n t a s se ts a n d d u r a b l e g o o d s o w n e d b y c o n s u m e r s . e q u ip m e n t o w n e d a n d u s e d b y n o n p r o f it in s titu tio n s S e c tio n 2, w h ic h c o n s is t s o f five ta b le s , p r e s e n ts e s ti t h a t p r i m a r i l y s e r v e in d i v id u a l s . O w n e r -o c c u p ie d r e s id e n tia l assets c o n s is ts o f h o u s in g m a te s o f p r iv a t e f ix e d e q u i p m e n t a n d s o f tw a r e a n d re q u ire m e n ts , ta x - e x e m p t P a rtn e rs h ip s c o n s is t s o f all e n t iti e s r e q u i r e d to file F e d e ra l p a r tn e r s h ip s t r u c t u r e s b y t y p e o f a s s e t. S e c tio n 3, w h ic h c o n s is t s o f five ta b le s , p r e s e n ts e s tim a te s o f p r iv a te f ix e d n o n r e s i o c c u p i e d b y p r iv a t e o w n e r s . in c o m e ta x r e t u r n s , 1RS F o r m d e n t ia l a n d r e s id e n t ia l e q u i p m e n t a n d s o f tw a r e a n d s t r u c t u r e s b y i n d u s tr y . S e c tio n 4, w h ic h c o n s is ts o f five ta b le s , p r e s e n ts e s tim a te s o f f ix e d n o n r e s i d e n t i a l p r i 1065 (U .S . P a r t n e r s h i p R e t u r n o f I n c o m e ) . P r iv a te f i x e d a ssets c o n s is ts o f e q u i p m e n t , s o f tw a r e , v a te a s s e ts , b y m a j o r i n d u s t r y g r o u p a n d b y le g a l f o r m a n d r e s id e n t ia l a n d n o n r e s i d e n t i a l s tr u c t u r e s , i n c l u d o f o r g a n iz a ti o n . S e c tio n 5, w h ic h c o n s is ts o f five ta b le s , in g o w n e r - o c c u p i e d h o u s in g , t h a t a r e o w n e d b y p r i p r e s e n ts e s tim a te s o f r e s id e n tia l fix e d a s se ts b y ty p e o f v a te b u s in e s s o r n o n p r o f i t i n s t i t u t i o n s .81 A ll p r iv a te ly - o w n e r , b y le g a l f o r m o f o r g a n iz a ti o n , b y in d u s tr y , a n d o w n e d f ix e d a ss e ts lo c a te d in t h e U n it e d S ta te s a r e i n b y te n u r e g r o u p . S e c tio n 6, w h ic h c o n s is ts o f fiv e t a c l u d e d r e g a r d le s s o f w h e th e r t h e y a r e o w n e d b y U .S. b le s, p r e s e n ts e s tim a te s o f p r iv a t e f ix e d a s se ts b y le g a l r e s id e n ts . R e a l-c o st v a lu a tio n m e a s u r e s th e v a lu e o f f ix e d a s s e ts f o r m o f o r g a n i z a t i o n a n d b y in d u s tr y . S e c tio n 7, w h i c h a n d c o n s u m e r d u r a b le s a f te r t h e e ffe c ts o f p r ic e c h a n g e e r n m e n t a sse ts. S e c tio n 8, w h ic h c o n s is ts o f f o u r ta b le s , h a v e b e e n r e m o v e d . E s tim a te s f o r t h e a g g r e g a te s a re p r e s e n ts e s tim a te s o f d u r a b le g o o d s o w n e d b y c o n c o n s is ts o f f o u r ta b le s , p r e s e n ts e s tim a te s o f f ix e d g o v p r e s e n t e d as c h a i n - t y p e q u a n t i t y in d e x e s , w i t h 1996 s u m e r s b y ty p e o f g o o d . S e c tio n 9, w h ic h c o n s is ts o f 3 e q u a l to 100. T h e s e in d e x e s a r e c o m p u t e d u s in g a n ta b le s , p r e s e n ts c h a i n e d d o ll a r e s tim a te s o f n e t s to c k s , n u a l-w e ig h te d d e p r e c ia ti o n , a n d in v e s tm e n t. F is h e r - ty p e in d e x e s to o b ta in y e a r - t o - y e a r g r o w t h r a te s , w h ic h a r e c h a i n e d t o g e th e r to o b t a i n c u m u la ti v e g r o w th r a te s . E s tim a t e s f o r s e le c t e d h ig h e r - l e v e l a g g re g a te s a r e a lso p r e s e n t e d in c h a i n e d ( 1 9 9 6 ) d o ll a r s .82 S o le p r o p rie to r sh ip s c o n s is ts o f o w n e r - o c c u p i e d f a r m h o u s i n g a n d o f a ll e n t it i e s t h a t a r e r e q u i r e d to file 1RS 82. T h e m o s t d e ta i le d e s t im a te s p r e s e n t e d in t h is v o l u m e a r e g e n e r a lly a t t h e d e f la ti o n lev e l, t h e lo w e s t lev e l o f d e ta il f o r w h i c h i n v e s tm e n t p r ic e i n d e x e s e x ist. E s t im a te s p r e s e n t e d a t t h is lev e l a r e e q u iv a l e n t t o e s tim a te s m e a s u r e d in c o n s t a n t ( 1 9 9 6 ) p r ic e s . H o w e v e r , a f ew o f t h e d e ta i le d i n v e s t m e n t s e r ie s w i t h i n p r i v a t e e q u i p m e n t a n d s o f t w a r e a r e m o r e a g g r e g a te d t h a n t h e d e f la ti o n le v e l; w h e r e t h e d e ta i le d c o m p o n e n t s h a v e d i f f e r e n t S c h e d u l e C ( P r o f its o r L o ss F r o m B u s in e s s ) o r S c h e d d e f la to r s , t h e e s t im a te s a r e m e a s u r e d in c o n s t a n t ( 1 9 9 6 ) p r ic e s a n d d if f e r u le F ( F a r m I n c o m e a n d E x p e n s e s ) w h e n t h e p r o p r i - s lig h tl y f r o m c o m p a r a b l e e s t im a te s m e a s u r e d in c h a i n e d ( 1 9 9 6 ) d o lla r s . F o r a d i s c u s s i o n o f t h e d if f e r e n c e b e tw e e n c h a i n e d - d o l l a r a n d c o n s t a n t - p r i c e e s ti m a te s , s e e J. S te v e n L a n d e f e ld a n d R o b e r t P. P a r k e r , “ B E A ’s C h a in F o r p r i v a t e b u s i n e s s a n d g o v e r n m e n t, e q u i p m e n t is d e f in e d as a s se ts I n d e x e s , T im e S e rie s , a n d M e a s u r e s o f L o n g - T e r m E c o n o m ic G r o w th ,” S u r v ey 77 (S e p te m b e r 19 9 7 ): 5 8 -6 8 . w i t h a lif e e x p e c ta n c y o f a t le a s t o n e y e ar. 81. TABLES Fixed Assets and Consumer Durable Goods in the United States, 1925-97 1 T a b le 1 . 1 . C u r r e n t- C o s t N e t S to c k o f F ix e d A s s e ts a n d C o n s u m e r D u r a b le G o o d s [M illio n s o f d o lla rs ; yearend es tim a tes ] L in e 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1 2 9 7 ,0 4 7 3 0 7 ,2 0 5 3 15 ,78 8 3 2 6 ,0 3 2 3 3 1 ,0 6 0 3 1 5 ,7 8 7 2 8 0,3 0 9 2 5 5 ,8 4 3 2 6 5 ,1 7 3 2 7 5 ,7 4 9 2 82 ,1 98 3 0 3 ,9 4 5 2 3 4 5 6 7 ....... 8 ....... .......9 ....... 10 11 2 6 5 ,0 1 4 2 26 ,98 4 126 ,50 6 2 8,3 46 98,161 1 00 ,47 7 3 8,030 3 8,030 2 ,86 0 3 5,170 3 2 3,1 9 1 2 7 3 ,7 5 4 2 3 4,8 7 0 130 ,01 5 2 9,8 76 1 00 ,13 9 104 ,85 5 3 8,8 84 3 8,8 84 2 ,806 3 6 ,0 78 0 2 8 1,1 4 8 2 41 ,41 8 133,073 30,899 102,174 108,345 39,731 39,731 2 ,779 36,951 ' " 0 2 9 0 ,3 2 3 2 49 ,7 86 135 ,24 5 3 1,4 03 103 ,84 2 114,541 4 0 ,5 37 4 0 ,5 37 2 ,769 3 7,7 68 0 2 9 4 ,5 5 5 2 53 ,9 87 135 ,53 0 31,941 1 03 ,58 9 1 18 ,45 7 4 0,568 4 0,563 2,444 3 8,119 '2 6 2 8 1 ,4 2 4 2 41 ,95 8 129 ,18 3 3 0,6 90 9 8,4 93 112,775 39,466 39,456 2,382 3 7,0 75 10 2 5 0 ,1 6 3 2 14 ,27 7 116 ,83 8 28,292 8 8,5 46 9 7,4 39 3 5,8 87 35,874 2 ,323 33,551 ...... 1 2 "... 2 2 9,3 3 1 193,841 1 07 ,55 0 2 5,6 34 8 1,9 16 86,291 3 5 ,4 90 35,476 2 ,3 0 4 3 3,1 72 14 2 39 ,4 21 1 97 ,85 0 1 07 ,72 9 2 4,5 70 8 3,1 60 9 0,1 20 4 1,572 4 1,553 2 ,313 3 9,240 2 5 0 ,0 3 6 2 0 4,4 3 7 1 10 ,39 2 2 4,7 52 8 5,6 40 9 4,0 45 4 5 ,5 99 4 5 ,5 76 2 ,54 0 4 3,0 36 .........2 3 .... 2 5 6 ,5 2 0 2 08 ,0 00 112 ,28 4 2 4,784 8 7,500 9 5,717 4 8 ,5 20 4 8,4 85 2,8 17 4 5 ,6 67 2 7 6 ,8 3 5 2 22 ,88 3 119 ,25 5 2 6,3 00 9 2,9 56 103 ,62 7 53,952 5 3,8 45 2 ,93 6 5 0,9 08 ...... 1 07 13 2 9 4 ,5 3 3 2 37 ,5 55 126,26 7 2 8,846 9 7,422 1 11 ,28 7 5 6,9 79 5 6,7 63 3 ,11 6 5 3,6 47 2 16 3 2 ,0 3 3 3 3,4 51 3 4,640 3 5 ,7 0 9 3 6 ,5 0 4 3 4 ,3 63 3 0 ,1 4 5 2 6 ,5 12 2 5 ,7 5 2 2 5 ,7 1 3 2 5 ,6 7 8 2 7 ,1 11 2 8 ,6 5 7 14 15 16 17 18 2 6 5 ,0 1 4 164 ,53 6 3 1,2 06 133 ,33 0 100 ,47 7 2 7 3 ,7 5 4 1 68 ,89 9 32,681 136 ,21 7 104,855 2 81 ,1 48 172 ,80 3 33,678 139,125 108,34 5 2 90 ,3 23 175 ,78 2 34,172 141 ,61 0 114,541 2 9 4,5 5 5 176 ,09 2 3 4,3 85 141 ,70 8 118,463 2 8 1 ,4 2 4 1 68 ,63 9 33,072 135 ,56 8 112 ,78 4 2 5 0 ,1 6 3 152,71 2 30,615 122,09 7 97,451 2 29 ,3 31 143 ,02 5 2 7 ,9 37 115 ,08 8 8 6,3 05 2 39 ,42 1 149 ,28 3 2 6,8 83 122 ,40 0 9 0,1 38 2 5 0 ,0 3 6 1 55 ,96 9 2 7,292 128,67 6 9 4,068 2 5 6 ,5 2 0 160 ,76 8 27,601 1 33 ,16 7 9 5,7 52 2 7 6 ,8 3 5 173,10 0 2 9,236 1 43 ,86 4 1 03 ,73 5 19 .......20 .......21....... 2 9 4 ,5 3 3 1 83 ,03 0 3 1,9 62 151 ,06 9 1 11 ,50 3 3 8 ,0 30 9 ,16 8 2 8,8 62 3 8 ,8 8 4 8,992 2 9,8 92 39,731 8 702 3 1,028 4 0 ,5 3 7 8 ,48 2 32,055 4 0 ,5 6 8 7 ,893 3 2,6 75 3 9 ,4 6 6 7,451 32,015 3 5 ,8 87 6,8 32 29,055 3 5 ,4 90 6 ,67 6 2 8,814 4 1 ,5 7 2 7 ,562 3 4 ,0 09 4 5 ,5 9 9 8,591 3 7 ,0 08 4 8 ,5 2 0 9 ,884 38,636 5 3 ,9 52 11,380 4 2 ,5 72 5 6 ,9 7 9 12,578 4 4,4 00 x ed a s s e t s a n d c o n s u m e r d u r a b le g o o d s F ix ed a s s e t s P riv a te N o n r e s id e n tia l E q u ip m e n t a n d s o ftw a r e S tr u c tu re s R e s id e n tia l G o v e rn m e n t N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l C o nsu m er d u rab le g o o ds 'Z'JL'Z ZZICI 18 I d en d a : P riv a te a n d g o v e r n m e n t fix ed a s s e t s N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l G o v e r n m e n t fix e d a s s e ts F ederal S ta te a n d lo c a l L in e ix e d a s s e t s a n d c o n s u m e r d u r a b l e g o o d s F ix ed a s s e ts P riv a te N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l G o v e rn m e n t N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l C on su m e r d u ra b le goods .11'.' 85 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1 3 2 7 ,2 4 6 3 3 5 ,9 7 6 3 6 1 ,8 5 9 4 1 1 ,0 8 6 4 6 9 ,9 8 6 5 22 ,4 28 5 64 ,7 78 6 0 9 ,4 1 0 695 ,46 1 8 1 1 ,0 3 4 8 7 2 ,9 8 4 2 8 9 6 ,5 5 7 9 8 4 ,1 5 4 3 4 5 6 7 8 9 10 11 12 2 9 8 ,7 1 9 2 39 ,6 47 125,461 2 8,939 9 6,522 114,18 6 59,071 58,811 3,3 42 5 5,4 69 261 306 ,51 1 2 45 ,07 0 126 ,56 6 2 9,3 78 97,188 118,504 61,441 6 1,108 3 ,60 4 57,504 332 3 29 ,5 83 2 62 ,19 0 133 ,86 8 31,680 102 ,18 8 128 ,32 2 67,393 66,833 3 ,956 62,877 560 3 7 3 ,8 7 5 289 ,48 7 148 ,48 6 3 5,7 79 112 ,70 7 141 ,00 0 84,388 83,327 7 ,810 7 5,5 17 1,061 4 2 8 ,4 0 4 3 10 ,37 3 158,41 6 3 6,662 121 ,75 3 151 ,95 7 118,031 116 ,32 8 22,251 94,078 1,703 4 7 7 ,2 6 5 3 26 ,32 0 162 ,08 8 3 6,2 98 125 ,79 0 164,232 150,94 6 148,32 8 47,331 100,99 7 2 ,618 5 1 7 ,5 6 2 3 44 ,07 8 167 ,33 5 37,404 129,931 176 ,74 3 173 ,48 4 170 ,48 0 69,204 1 01 ,27 6 3 ,00 3 5 6 1 ,4 7 2 3 7 4,8 0 8 1 84 ,50 8 4 2,5 75 141 ,93 3 1 90 ,30 0 1 86 ,66 4 183 ,35 3 7 4,0 74 1 09 ,28 0 3,311 6 39 ,9 02 4 45 ,71 9 221,061 5 2,098 1 68 ,96 3 2 24 ,6 58 194 ,18 3 189 ,95 6 6 4,5 88 1 25 ,36 8 4 ,22 7 7 4 4 ,1 4 6 5 2 9,4 7 9 2 6 3,6 6 4 6 5,1 98 198 ,46 6 2 65 ,8 15 2 14 ,6 67 2 08 ,19 4 6 1,7 95 1 46 ,39 9 6 ,47 3 7 9 6 ,4 7 7 5 82 ,24 8 2 91 ,47 5 7 7,2 39 2 14 ,23 6 2 90 ,77 3 2 14 ,22 9 209 ,22 2 5 2,1 39 157 ,08 3 5,007 8 1 1 ,0 5 7 6 1 1,4 7 6 3 04 ,0 77 8 5,2 63 2 18 ,81 4 3 07 ,39 9 199,581 1 94 ,22 8 4 4 ,1 83 150,04 5 5 ,35 3 13 2 8 ,5 28 8 8 3 ,1 6 7 6 71 ,50 2 3 3 2,0 1 3 9 6,9 27 2 3 5,0 8 5 3 3 9,4 8 9 2 11 ,66 5 2 04 ,99 0 4 0 ,5 09 164,481 6 ,675 2 9 ,4 65 3 2 ,2 76 3 7 ,2 12 4 1 ,5 8 2 4 5 ,1 62 4 7 ,2 1 6 4 7 ,9 3 8 5 5 ,5 5 9 6 6 ,8 8 7 7 6 ,5 0 7 8 5 ,5 0 0 1 0 0 ,9 8 7 14 15 16 17 18 2 9 8 ,7 1 9 1 84 ,27 2 32,281 151 ,99 0 114 ,44 7 3 06 ,51 1 187 ,67 4 32,982 154 ,69 3 118 ,83 6 3 2 9,5 8 3 2 00 ,70 2 3 5,637 165,065 128 ,88 2 3 7 3 ,8 7 5 2 31 ,81 3 43,588 188,225 142,061 4 2 8 ,4 0 4 2 74 ,74 4 58,913 215,831 1 53 ,66 0 4 7 7 ,2 6 5 3 10 ,41 6 8 3,6 29 2 26 ,78 7 166 ,84 9 5 1 7,5 6 2 3 37 ,8 16 106 ,60 8 2 31 ,20 8 179 ,74 6 5 6 1 ,4 7 2 367,861 1 16 ,64 9 2 51 ,21 2 193,611 6 39 ,9 02 4 1 1,0 1 7 116 ,68 7 294,331 2 28 ,88 5 7 4 4 ,1 4 6 4 71 ,8 58 1 26 ,99 3 3 44 ,86 4 2 72 ,28 8 7 9 6 ,4 7 7 5 00 ,69 7 129 ,37 8 371 ,31 9 2 95 ,78 0 8 1 1 ,0 5 7 4 98 ,30 5 1 29 ,44 7 3 6 8,8 5 9 3 1 2,7 5 2 19 20 21 8 8 3 ,1 6 7 5 37 ,00 3 137 ,43 7 3 99 ,56 6 3 46 ,16 4 59,071 13,351 4 5,7 20 61,441 14,000 47,441 6 7,3 93 15,711 51,682 8 4 ,3 88 2 4,429 59,959 1 18 ,03 1 50,901 6 7,1 30 1 5 0,9 4 6 8 2,7 08 68,238 1 7 3,4 8 4 1 06 ,82 7 6 6,6 57 1 8 6 ,6 6 4 1 17 ,42 4 6 9 ,2 40 1 9 4 ,1 8 3 1 16 ,59 6 77,586 2 1 4 ,6 6 7 1 21 ,70 5 9 2,9 62 2 1 4 ,2 2 9 113 ,02 5 101,20 4 1 99 ,58 1 1 02 ,95 9 9 6,6 22 2 1 1 ,6 6 5 102,69 3 1 08 ,97 3 d dend a: P riv a te a n d g o v e r n m e n t fix e d a s s e t s N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l G o v e rn m e n t fix ed a s s e t s F e d era l S ta te a n d lo c a l L in e F ix ed a s s e t s a n d c o n s u m e r d u r a b le g o o d s F ix ed a s s e ts P riv a te N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l G o v e rn m e n t N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l C o n s u m e r d u r a b le g o o d s 1951 1952 1953 1954 1955 1956 1957 1958 1959 N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s G o v er n m e n t f ix e d a s s e t s Fe deral S ta te a n d lo c a l 1961 1962 1963 1 ,0 8 5 ,9 0 2 1 ,1 5 0 ,4 8 2 1 ,1 9 5 ,8 9 8 1 ,2 4 9 ,7 0 4 1 ,3 4 3 ,7 7 8 1 ,4 5 7 ,5 7 7 1 ,5 2 7 ,6 9 3 1 ,5 8 2 ,3 4 7 1 ,6 4 3 ,0 5 9 1 ,6 9 3 ,7 3 9 1 ,7 5 2 ,2 4 6 1 ,8 2 6 ,5 0 4 2 3 4 5 6 7 8 9 10 11 12 1 ,8 9 4 ,8 4 0 9 7 2,8 1 9 7 35 ,89 6 3 65 ,89 3 108 ,27 5 2 57 ,61 7 3 70 ,00 3 2 36 ,92 3 228,601 44,192 184 ,40 9 8 ,322 1 ,0 3 0 ,4 3 4 7 76 ,3 39 3 86 ,38 6 1 15 ,46 9 2 70 ,9 17 3 89 ,9 53 2 54 ,09 5 2 46 ,50 2 5 0,6 86 1 95 ,81 7 7 ,5 9 2 1 ,0 6 7,6 2 1 8 07 ,95 0 401,721 123 ,50 0 278,221 4 06 ,22 9 2 59 ,67 0 251,19 2 57,456 193,73 6 8,478 1 ,1 1 7 ,6 4 6 842 ,20 7 4 15 ,04 5 129 ,58 7 2 85 ,45 8 4 27 ,16 2 2 75 ,43 9 2 64 ,40 4 6 3,9 75 2 00 ,4 29 11,035 1 ,2 0 2 ,1 4 0 9 05 ,67 3 4 4 8,4 2 4 1 42 ,17 9 3 06 ,24 5 4 5 7,2 4 9 2 96 ,46 7 2 8 8,9 0 8 69,432 2 19 ,47 6 7 ,559 1 ,3 0 4,9 8 1 9 76 ,12 5 4 94 ,55 8 158,82 4 3 35 ,73 3 4 81 ,5 67 3 28 ,85 7 3 19 ,77 4 73,966 2 4 5,8 0 7 9 ,083 1 ,3 6 5 ,6 5 4 1 ,0 22,65 7 5 26 ,38 4 172,831 3 53 ,5 53 4 96 ,27 3 3 42 ,99 7 333,471 7 6,1 95 2 57 ,2 76 9 ,52 6 1 ,4 1 6 ,7 9 6 1 ,0 55,20 3 5 43 ,18 2 1 79 ,71 0 3 63 ,47 2 512,021 3 61 ,59 3 3 51 ,18 7 7 7,8 66 273,321 10,406 1 ,4 7 1 ,5 5 1 1 ,0 99,39 3 5 6 4,9 2 9 1 88 ,66 2 3 7 6,2 6 6 5 34 ,46 5 3 7 2,1 5 8 3 6 0,8 5 6 8 2,3 36 2 7 8,5 2 0 11,302 1 ,5 1 6 ,9 2 3 1 ,1 31,42 4 5 75 ,85 6 1 94 ,83 4 3 81 ,0 22 5 55 ,5 68 3 85 ,49 9 3 73 ,54 8 8 5,162 2 88 ,3 86 11,951 1 ,5 7 2 ,3 0 6 1 ,1 6 7,36 3 5 91 ,39 4 1 98 ,98 5 3 9 2,4 1 0 5 7 5,9 6 8 4 04 ,9 43 3 92 ,1 95 89,106 3 03 ,0 89 12,749 1 ,6 4 0 ,2 8 5 1 ,2 08,98 3 611,521 2 06 ,45 6 4 05 ,0 65 5 97 ,4 62 4 31 ,30 2 4 1 7,6 7 9 9 6,4 43 3 2 1,2 3 5 1 3,6 24 13 1 ,2 45,48 3 6 32 ,82 8 2 15 ,72 3 4 17 ,1 06 6 12 ,6 54 4 52 ,8 39 4 38 ,9 56 9 9,1 04 3 39 ,8 52 13,883 1 1 3 ,0 8 2 1 2 0 ,0 4 9 1 2 8,2 7 7 1 3 2 ,0 5 8 1 4 1 ,6 3 8 1 5 2,5 9 6 1 6 2,0 3 9 1 65 ,55 1 1 7 1 ,5 0 7 1 7 6 ,8 1 5 1 79 ,9 40 1 8 6 ,2 1 9 1 9 6 .5 1 8 14 9 72 ,8 19 5 94 ,49 4 152 ,46 8 4 42 ,0 27 3 78 ,32 5 1 ,0 3 0 ,4 3 4 6 3 2,8 8 8 166 ,15 5 4 66 ,7 33 3 97 ,5 45 1 ,0 6 7,6 2 1 652 ,91 4 180,956 4 71 ,95 7 4 14 ,70 7 1 ,1 1 7 ,6 4 6 6 79 ,4 49 193 ,56 2 4 85 ,88 7 4 3 8,1 9 7 1 ,2 0 2 ,1 4 0 7 37 ,33 2 2 11 ,6 12 5 25 ,7 20 4 64 ,8 08 1 ,3 0 4,9 8 1 8 14 ,33 2 232,791 581,541 4 90 ,6 50 1 ,3 6 5 ,6 5 4 8 59 ,85 6 2 49 ,02 6 6 10 ,83 0 5 0 5,7 9 8 1 ,4 1 6 ,7 9 6 15 16 17 18 8 94 ,3 69 2 57 ,57 6 6 36 ,79 2 5 22 ,42 7 1 ,4 7 1 ,5 5 1 9 25 ,7 84 2 70 ,9 98 6 54 ,7 86 5 45 ,7 67 1 ,5 1 6 ,9 2 3 9 49 ,40 4 2 79 ,99 6 6 69 ,40 8 5 6 7,5 1 9 1 ,5 7 2 ,3 0 6 9 83 ,5 89 2 88 ,0 90 6 95 ,4 99 5 88 ,7 17 19 20 21 1 ,6 4 0 ,2 8 5 1 ,0 2 9,2 0 0 3 02 ,90 0 7 26 ,30 0 6 11 ,0 85 1 ,6 9 8 ,3 2 2 1 ,0 71,78 4 3 14 ,82 6 7 5 6,9 5 8 6 2 6,5 3 7 2 3 6 ,9 2 3 114,31 8 1 22 ,60 6 2 5 4 ,0 9 5 1 24 ,19 9 129 ,89 5 2 59 ,6 70 131 ,11 0 128 ,56 0 2 7 5 ,4 3 9 1 41 ,15 9 134 ,28 0 2 9 6 ,4 6 7 1 47 ,39 3 1 49 ,07 4 3 2 8 ,8 5 7 159 ,79 8 169 ,05 9 3 4 2 ,9 9 7 165 ,85 5 177 ,14 2 3 6 1 ,5 9 3 172 ,28 7 189 ,30 6 3 7 2 ,1 5 8 1 76 ,50 2 1 95 ,65 7 3 8 5 ,4 9 9 180 ,46 8 205,031 4 0 4 ,9 4 3 187,611 2 1 7,3 3 2 4 3 1 ,3 0 2 198 ,67 4 2 32 ,62 9 4 5 2 ,8 3 9 2 04 ,69 4 2 4 8,1 4 5 A d d en d a : P r iv a te a n d g o v e r n m e n t fix ed a s s e ts I9 6 0 1 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 2 T a b le 1 . 1 . C u r r e n t- C o s t N e t S to c k o f F ix e d A s s e t s a n d C o n s u m e r D u r a b le G o o d s — C o n tin u e d [M illio n s o f d o lla rs ; y earend es tim a tes ] F ix e d a s s e ts P riv a te N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu r e s R e s id e n tia l G o v e rn m e n t N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu r e s R e s id e n tia l C o n s u m e r d u ra b le go o d s N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu r e s R e s id e n tia l G o v e rn m e n t fix e d a s s e ts F e deral S ta te a n d lo c a l F ix e d a s s e ts P riv a te N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l G o v e rn m e n t N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l C o n s u m e r d u ra b le g o o d s N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu r e s R e s id e n tia l G o v e rn m e n t fix e d a s s e ts F e deral S ta te a n d lo c a l F ix e d a s s e ts a n d c o n s u m e r d u ra b le goo d s F ix ed a s s e ts P riv a te N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l G o v e rn m e n t N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l C o n s u m e r d u ra b le goo d s 1970 2 ,7 4 8,4 0 1 2 ,9 9 8 ,6 0 9 3 ,2 5 8 ,7 8 9 3 ,5 8 6 ,8 2 4 3 ,9 4 6 ,3 6 7 4 ,4 5 6 ,3 7 6 5 ,2 7 5 ,9 5 4 5 ,7 1 7,4 7 1 6 ,2 3 5,79 1 2 3 4 5 6 7 8 9 10 11 12 1 ,8 0 4 ,9 4 2 1 ,3 30,28 8 668 ,42 8 228,521 4 39 ,90 7 6 61 ,85 9 4 74 ,65 4 4 59 ,90 5 101,969 3 57 ,93 6 14,750 1 ,9 2 3 ,1 5 5 1 ,4 1 8,14 9 7 14 ,54 6 2 46 ,02 3 4 68 ,52 3 7 03 ,60 3 505 ,00 6 4 89 ,5 46 104 ,60 6 3 84 ,94 0 15,460 2 ,0 8 4 ,9 8 4 1 ,5 38,68 0 777 ,98 4 2 73 ,82 2 5 04 ,16 3 7 60 ,69 6 546 ,30 4 5 29 ,78 6 110 ,00 9 4 19 ,77 7 16,519 2 ,2 4 0 ,4 4 6 1 ,6 4 9,16 5 8 38 ,07 4 3 00 ,83 2 5 37 ,24 2 811,091 5 91 ,28 2 5 73 ,8 89 1 17 ,41 6 4 56 ,47 2 17,393 2 ,4 5 7 ,9 6 2 1 ,8 15,70 3 918 ,56 7 332 ,51 5 5 86 ,05 2 8 97 ,13 6 6 42 ,25 8 622,70 2 122 ,94 0 4 99 ,76 3 1 9 ,556 2 ,6 8 1 ,5 5 5 1 ,9 7 3,74 5 1 ,0 13,21 4 3 68 ,23 3 644,981 960,531 7 07 ,8 10 6 86 ,07 3 128,131 557,941 2 1,7 37 2 ,9 1 8,1 4 1 2 ,1 2 9,58 0 1 ,1 13,89 6 4 04 ,55 8 7 09 ,33 8 1 ,0 15,68 4 7 88 ,56 2 7 6 5,3 5 0 1 35 ,10 3 6 30 ,24 7 2 3 ,2 12 3 ,2 2 4 ,4 2 2 2 ,3 6 6,3 8 9 1 ,225,585 4 34 ,47 3 7 91 ,11 2 1 ,1 40,80 4 858 ,03 3 831 ,99 5 140,29 9 6 91 ,69 6 2 6,038 3 ,5 5 3 ,8 6 7 2 ,6 1 3,52 4 1 ,3 34,58 3 4 68 ,37 6 8 66 ,20 7 1,278,941 940,34 3 9 11 ,18 2 150,671 7 60 ,51 2 29,161 4 ,0 2 2 ,2 1 7 2 ,9 68,19 4 1 ,5 00,37 3 5 25 ,24 0 9 75 ,13 3 1,467,821 1 ,054,024 1 ,021,083 152 ,20 4 8 68 ,87 9 3 2 ,941 4 ,7 7 5 ,9 6 2 3 ,4 8 9,42 9 1 ,8 21,69 7 6 48 ,75 9 1 ,1 7 2,93 8 1 ,6 6 7,73 3 1 ,2 8 6,53 3 1,249,721 1 60 ,67 0 1 ,0 8 9,05 0 3 6,8 12 5 ,1 6 7 ,3 4 4 3 ,8 1 5,17 6 2 ,0 1 0,06 4 7 40 ,50 2 1 ,2 69,56 2 1 ,8 05,11 2 1 ,3 52,16 8 1 ,3 11,87 7 176,59 0 1 ,1 35,28 7 40,291 5 ,6 3 3 ,4 9 2 4 ,2 07,47 3 2 ,2 0 4,03 7 818,891 1 ,3 85,14 6 2 ,0 0 3,43 6 1 ,426,019 1 ,381,064 189,80 2 1 ,1 91,26 2 4 4,9 55 13 2 07 ,0 02 2 1 8 ,5 9 5 2 39 ,00 7 2 6 1 ,3 8 7 2 90 ,4 39 3 1 7 ,0 5 4 3 4 0,6 4 7 362,401 3 9 2 ,5 0 0 4 3 4 ,1 5 9 4 9 9,9 9 2 5 50 ,1 27 6 0 2 ,2 9 9 14 15 16 17 18 1 ,8 0 4 ,9 4 2 1 ,1 28,33 3 3 30 ,49 0 7 97 ,84 3 6 76 ,60 9 1 ,9 2 3 ,1 5 5 1 ,2 0 4,09 2 3 50 ,62 9 8 53 ,46 3 7 19 ,06 3 2 ,0 8 4 ,9 8 4 1 ,3 07,77 0 3 83 ,83 0 9 23 ,94 0 777,21 4 2 ,2 4 0 ,4 4 6 1 ,411,963 4 18 ,24 9 9 93 ,71 4 8 28 ,48 4 2 ,4 5 7 ,9 6 2 1 ,5 4 1,26 9 4 55 ,45 4 1 ,0 8 5,81 5 9 16 ,69 2 2 ,6 8 1 ,5 5 5 1 ,6 9 9,28 6 4 96 ,36 5 1 ,2 02,92 2 9 82 ,26 8 2 ,9 1 8,1 4 1 1 ,8 79,24 6 539,661 1 ,3 39,58 5 1 ,0 3 8,89 5 3 ,2 2 4 ,4 2 2 2 ,0 5 7,5 8 0 5 74 ,77 2 1 ,4 82,80 8 1 ,1 66,84 2 3 ,5 5 3 ,8 6 7 2 ,2 4 5,76 5 6 19 ,04 6 1 ,6 26,71 9 1,308,101 4 ,0 2 2 ,2 1 7 2 ,5 2 1,45 6 6 77 ,44 4 1 ,8 44,01 2 1 ,5 00,76 2 4 ,7 7 5 ,9 6 2 3 ,0 7 1 ,4 1 7 8 09 ,42 9 2 ,2 6 1,9 8 9 1 ,7 0 4,54 5 5 ,1 6 7 ,3 4 4 3,321,941 9 17 ,09 2 2 ,4 0 4,84 9 1 ,8 45,40 3 5 ,6 3 3 ,4 9 2 3,585,101 1 ,0 08,69 2 2 ,5 7 6,40 8 2,048,391 19 20 21 4 7 4 ,6 5 4 209 ,97 7 2 64 ,67 7 5 0 5 ,0 0 6 2 16 ,92 7 2 88 ,07 9 5 46 ,3 04 2 28 ,05 8 3 18 ,24 6 5 91 ,2 82 243 ,54 5 3 47 ,73 7 6 42 ,2 58 256 ,20 5 3 86 ,05 3 7 0 7 ,8 1 0 2 71 ,69 4 4 36 ,11 6 7 8 8 ,5 6 2 2 90 ,93 2 4 97 ,6 30 8 58 ,0 33 308,631 5 49 ,40 3 9 4 0 ,3 4 3 3 38 ,23 4 1 ,0 5 4 ,0 2 4 3 63 ,85 9 6 90 ,16 4 1 ,2 8 6 ,5 3 3 4 11 ,3 77 8 75 ,1 55 1 ,3 5 2 ,1 6 8 436 ,50 2 9 15 ,66 6 1 ,4 2 6 ,0 1 9 4 70 ,39 0 9 5 5,6 2 9 E q u ip m e n t a n d s o ft w a re S tr u c tu r e s R e s id e n tia l G o v e rn m e n t fix e d a s s e ts F e d era l S ta te a n d lo c a l 6 02 ,10 9 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1 6 ,9 6 9 ,0 4 0 7 ,8 7 6 ,1 2 9 9 ,0 6 1 ,7 2 5 1 0 ,2 9 3 ,9 7 7 1 1 ,3 1 8 ,7 1 5 1 1 ,9 1 8 ,7 2 7 1 2 ,3 2 7 ,6 8 7 1 3 ,0 0 5 ,0 0 9 1 3 ,7 0 5 ,3 0 0 1 4 ,6 0 4 ,9 9 4 1 5 ,4 5 8 ,3 2 2 1 6,4 23 ,1 01 1 7 ,3 6 3 ,9 1 9 2 3 4 5 6 7 8 9 10 11 .. 12 6 ,3 0 1 ,1 9 8 4 ,7 8 7,42 6 2 ,4 4 8,95 9 920,301 1 ,5 28,65 8 2 ,3 3 8,46 6 1 ,5 13,77 2 1 .4 62,01 3 2 04 ,72 2 1,257,291 51,759 7 ,1 2 3 ,3 3 9 5 ,4 7 2,9 6 5 2 ,7 7 2,7 4 2 1 ,0 47,98 4 1 ,7 2 4,7 5 8 2 ,7 0 0,2 2 3 1 ,6 5 0,37 3 1 ,5 9 0,64 2 2 15 ,2 10 1 ,3 75,43 2 5 9,7 32 8 ,2 1 6 ,8 9 0 6 ,3 3 9,91 5 3 ,2 0 2,6 0 6 1 ,2 20,88 5 1,981,721 3 ,1 3 7,30 9 1 ,8 76,97 5 1 ,8 05,87 5 2 30 ,37 0 1 ,5 75,50 5 7 1 ,1 00 9 ,3 6 3 ,3 5 2 7 ,2 1 2,68 6 3 ,6 7 5,90 3 1 ,4 20,12 9 2 ,2 5 5,77 3 3 ,5 3 6,78 3 2 ,1 5 0,66 6 2 ,0 7 2,70 3 256 ,47 5 1 ,8 16,22 8 7 7,963 1 0 ,3 2 1 ,0 6 8 7 ,9 4 9,7 4 6 4 ,1 4 5,7 8 5 1 ,5 7 5,63 2 2 ,5 7 0,15 3 3,803,961 2 ,3 7 1,32 2 2 ,2 8 5,8 4 3 2 94 ,7 35 1 ,9 91,10 8 85,478 1 0 ,8 8 4 ,6 1 8 8 ,3 7 6,08 6 4 ,4 0 2,70 3 1 ,6 65,73 0 2 ,7 3 6,97 3 3 ,9 7 3,38 2 2 ,5 0 8,53 2 2 ,4 1 7,86 5 3 24 ,45 7 2 ,0 9 3,40 8 90,667 1 1 ,2 3 4 ,7 6 5 8 ,6 6 7,55 6 4 ,5 3 2 ,7 8 0 1 ,724,231 2 ,8 0 8,5 4 9 4 ,1 3 4,7 7 6 2 ,5 6 7,20 9 2 ,4 6 6,6 9 6 3 5 6,6 8 8 2 ,1 1 0,0 0 8 100 ,51 3 1 1 ,8 3 2 ,0 3 7 9 ,1 6 3,47 2 4 ,7 9 4,6 2 0 1 ,8 1 4,41 4 2 ,9 8 0,20 6 4 ,3 6 8,85 3 2 ,6 6 8,56 5 2 ,5 6 3,4 8 2 3 76 ,47 0 2 ,1 8 7,01 3 105,08 2 1 2 ,4 3 9 ,8 2 8 9 ,657,761 5 ,0 5 6,41 7 1 ,9 20,64 9 3 ,1 3 5,76 8 4 ,6 0 1,34 4 2 ,7 8 2,0 6 7 2 ,6 7 5,8 6 8 3 97 ,11 3 2 ,2 7 8,75 4 1 06 ,19 9 1 3 ,2 1 5 ,1 9 7 1 0,266,626 5 ,2 9 8,80 0 2 ,0 3 5,13 4 3 ,2 6 3,66 6 4 ,9 6 7,82 6 2,948,571 2 ,8 3 8,51 9 4 22 ,0 53 2 ,4 1 6,46 7 110 ,05 2 1 3 ,9 5 9 ,9 0 5 1 0,8 5 7,3 0 0 5 ,5 7 3,9 9 9 2 ,1 3 0,5 9 4 3 ,4 4 3,4 0 5 5 ,283,301 3 ,1 0 2,6 0 5 2 ,9 8 2,63 2 4 4 5,1 1 4 2 ,5 3 7,5 1 8 119 ,97 3 1 4 ,8 0 3 ,1 3 8 1 1,54 0,89 6 5 ,9 3 4,8 2 5 2 ,2 6 4,8 9 3 3 ,6 6 9,9 3 2 5,606,071 3 ,2 6 2,24 2 3 ,1 2 6,5 2 8 4 79 ,33 5 2 ,6 4 7,1 9 3 135,71 4 1 5 ,6 3 5 ,9 7 6 1 2,197 ,2 39 6 ,2 8 5,06 4 2 ,4 0 0,23 8 3 ,8 8 4,82 7 5 ,9 1 2,17 4 3 ,4 3 8,73 8 3 ,2 9 3,80 7 515,831 2 ,7 7 7,9 7 6 144 ,93 0 13 6 67 ,8 42 7 5 2 ,7 9 0 8 4 4,8 3 5 9 30 ,6 25 9 97 ,6 47 1 ,0 3 4 ,1 0 9 1 ,0 9 2 ,9 2 2 1 ,1 7 2 ,9 7 2 1 ,2 6 5 ,4 7 2 1 ,3 8 9 ,7 9 7 1 ,4 9 8 ,4 1 6 1 ,6 1 9 ,9 6 3 1 ,7 2 7 ,9 4 2 14 15 16 17 18 6 ,3 0 1 ,1 9 8 3 ,9 1 0,97 3 1 ,1 25,02 3 2 ,7 85,95 0 2 ,3 90,22 5 7 ,1 2 3 ,3 3 9 4 ,3 6 3,38 4 1 ,2 6 3,19 4 3 ,1 0 0,19 0 2 ,7 5 9,95 5 8 ,2 1 6 ,8 9 0 5,008,481 1 ,4 51,25 5 3 ,5 5 7,22 6 3 ,2 0 8,4 0 9 9 ,3 6 3 ,3 5 2 5 ,7 4 8,60 6 1 ,676,604 4 ,0 7 2,0 0 2 3 ,6 1 4,74 6 1 0 ,3 2 1 ,0 6 8 6 ,4 3 1,62 8 1 ,8 70,36 7 4,561,261 3 ,8 8 9,44 0 1 0 ,8 8 4 ,6 1 8 6 ,8 2 0,56 9 1 ,9 90,18 7 4 ,830,381 4 ,0 6 4,04 9 1 1 ,2 3 4 ,7 6 5 6 ,9 9 9,4 7 6 2 ,0 8 0,9 1 9 4 ,9 1 8,5 5 7 4 ,2 3 5,2 8 9 1 1 ,8 3 2 ,0 3 7 7 ,3 5 8,10 2 2 ,1 9 0,88 4 5 ,1 6 7,21 8 4 ,4 7 3,93 5 1 2 ,4 3 9 ,8 2 8 7 ,7 3 2,28 5 2 ,3 1 7,76 3 5 ,4 1 4,52 2 4 ,7 0 7,54 3 1 3,2 1 5 ,1 9 7 8 ,1 3 7,31 9 2 ,4 5 7,18 7 5 ,6 80,13 3 5 ,0 7 7,87 8 1 3 ,9 5 9 ,9 0 5 8 ,556,631 2 ,5 7 5,70 8 5 ,9 8 0,92 3 5 ,4 0 3,2 7 4 1 4 ,8 0 3 ,1 3 8 9 ,0 6 1,35 3 2 ,7 4 4,2 2 8 6 ,3 1 7,12 5 5 ,7 4 1,7 8 5 1 5 ,6 3 5 ,9 7 6 9 ,5 7 8,87 2 2 ,9 1 6,06 9 6 ,6 6 2,80 3 6 ,0 5 7,10 5 19 20 21 1 ,5 1 3 ,7 7 2 4 93 ,18 7 1 ,0 20,58 5 1 ,6 5 0 ,3 7 3 5 28 ,4 08 1 ,1 2 1,96 5 1 ,8 7 6 ,9 7 5 5 86 ,72 9 1 ,2 90,24 6 2 ,1 5 0 ,6 6 6 6 52 ,72 7 1 ,4 97,93 9 2 ,3 7 1 ,3 2 2 7 09 ,13 7 1 ,662,185 2 ,5 0 8 ,5 3 2 752,531 1,756,001 2 ,5 6 7 ,2 0 9 7 91 ,34 2 1 ,7 75,86 7 2 ,6 6 8 ,5 6 5 8 26 ,49 3 1 ,8 4 2,07 2 2 ,7 8 2 ,0 6 7 8 55 ,56 0 1 ,9 2 6,50 6 2 ,9 4 8,5 7 1 8 95 ,48 7 2 ,0 5 3,08 4 3 ,1 0 2 ,6 0 5 9 29 ,4 50 2 ,1 7 3,15 5 3 ,2 6 2 ,2 4 2 9 85 ,92 0 2 ,2 7 6,3 2 3 3 ,4 3 8 ,7 3 8 1 ,0 3 9,46 4 2 ,3 9 9,27 4 1977 1978 1979 Line 1990 1991 1992 1993 1994 1995 1996 1997 1 1 8 ,1 8 6 ,5 3 3 1 8 ,6 1 4 ,5 3 6 1 9 ,3 8 4 ,7 7 4 2 0 ,3 9 6 ,6 0 9 2 1 ,6 1 7 ,7 0 4 2 2 ,6 1 7 ,0 3 3 2 3 ,7 0 0 ,9 8 6 2 4 ,9 2 4 ,7 8 6 2 3 4 5 6 7 8 9 10 11 12 1 6 ,3 7 1 ,9 1 7 1 2,760 ,3 42 6 ,6 22,67 3 2 ,5 41,94 7 4 ,0 8 0,72 6 6 ,1 3 7,66 9 3 ,6 11,57 6 3 ,4 61,86 6 5 58 ,77 6 2 ,9 0 3,09 0 149 ,71 0 1 6 ,7 5 3 ,8 9 4 1 3,021 ,5 07 6 ,7 6 0,46 8 2 ,6 2 2,81 5 4 ,1 3 7,65 3 6 ,2 6 1,03 8 3 ,7 3 2,38 7 3 ,5 8 1,62 9 5 90 ,39 0 2 ,9 9 1,23 9 1 50 ,75 9 1 7 ,4 7 7 ,2 8 0 13,582,631 6 ,9 8 6,78 2 2 ,7 0 8,16 7 4 ,2 78,61 5 6 ,5 9 5,84 9 3 ,8 9 4,64 9 3 ,7 3 5,04 7 6 19 ,0 73 3 ,1 15,97 5 159,60 2 1 8 ,4 0 3 ,6 4 6 1 4,318 ,0 30 7 ,3 27,07 9 2 ,8 2 8,57 6 4 ,4 98.50 4 6,990,951 4 ,0 85,61 6 3 ,9 14,69 2 644,78 7 3 ,2 6 9,90 5 170 ,92 4 1 9 ,5 2 6 ,1 3 0 1 5,20 3,72 0 7 ,7 31,50 9 2 ,9 92,44 8 4,739,061 7,472,211 4,322,411 4 ,1 40,11 4 6 71 ,95 2 3 ,4 68,16 2 182 ,29 7 2 0 ,4 4 1 ,4 7 3 1 5,908 ,4 50 8 ,1 2 4,2 0 4 3 ,1 8 2,82 6 4 ,9 4 1,37 8 7 ,7 8 4,24 5 4 ,5 3 3,02 4 4 ,3 4 4,1 8 0 6 85 ,57 8 3 ,6 5 8,60 2 188 ,84 4 2 1 ,4 4 7 ,2 8 5 1 6,72 2,52 9 8 ,5 2 7,22 9 3 ,3 5 2,19 7 5 ,1 7 5,03 2 8 ,1 9 5,30 0 4 ,7 2 4,75 6 4 ,5 2 8,59 0 6 91 ,9 03 3 ,8 3 6,68 7 196,16 6 2 2,5 9 6 ,0 0 1 1 7,65 3,10 9 9 ,0 0 6,8 0 6 3 ,5 1 9,7 7 8 5 ,4 8 7,02 8 8 ,6 4 6,30 3 4 ,942,891 4 ,7 3 9,0 8 3 6 93 ,5 30 4 ,0 4 5,55 3 2 03 ,80 8 13 1 ,8 1 4 ,6 1 5 1 ,8 6 0 ,6 4 2 1 ,9 0 7 ,4 9 4 1 ,9 9 2 ,9 6 3 2 ,0 9 1 ,5 7 4 2 ,1 7 5 ,5 5 9 2 ,2 5 3,70 1 2 ,3 2 8 ,7 8 5 14 15 16 17 18 1 6 ,3 7 1 ,9 1 7 1 0,084 ,5 39 3 ,1 00,72 3 6 ,9 8 3,81 6 6 ,2 87,37 9 1 6 ,7 5 3 ,8 9 4 1 0,34 2,09 7 3 ,2 1 3,20 5 7 ,1 2 8,89 2 6 ,4 11,79 7 1 7 ,4 7 7 ,2 8 0 1 0,72 1,82 9 3 ,3 27,23 9 7 ,3 9 4,59 0 6,755,451 1 8 ,4 0 3 ,6 4 6 11,241,771 3 ,4 7 3,36 3 7 ,7 6 8,40 9 7 ,1 6 1,87 4 1 9 ,5 2 6 ,1 3 0 1 1,871 ,6 22 3 ,6 64,40 0 8 ,207,222 7 ,6 54,50 8 2 0 ,4 4 1 ,4 7 3 1 2,468 ,3 84 3 ,8 68,40 3 8 ,5 9 9,98 0 7 ,9 73,09 0 2 1 ,4 4 7 ,2 8 5 1 3,05 5,81 9 4 ,0 4 4,09 9 9 ,0 11,72 0 8 ,3 9 1,46 6 2 2,5 9 6 ,0 0 1 1 3,74 5,89 0 4 ,2 1 3,3 0 8 9,532,581 8 ,850,111 19 20 21 3 ,6 1 1 ,5 7 6 1 ,0 87,07 4 2 ,5 2 4,50 2 3 ,7 3 2 ,3 8 7 1,129,791 2 ,6 0 2,5 9 6 3 ,8 9 4 ,6 4 9 1 ,176,047 2 ,7 1 8,60 2 4 ,0 8 5 ,6 1 6 1 ,2 28,96 2 2 ,8 5 6,65 4 4 ,3 2 2,4 1 1 1 ,279,232 3 ,0 4 3,17 9 4 ,5 3 3 ,0 2 4 1 ,3 14,38 6 3 ,2 1 8,63 8 4 ,7 2 4 ,7 5 6 1 ,3 43,20 8 3 ,3 8 1,54 8 4 ,9 4 2,8 9 1 1 ,3 66,95 2 3 ,5 7 5,93 9 A ddenda: P riv a te an d g o v e rn m e n t f ix e d a s s e ts N o n re s id e n tia l 1976 1969 2 ,5 0 1 ,8 3 3 A ddenda: P riv a te an d g o v e rn m e n t fix e d a s s e ts 1975 1968 2 ,3 2 3,99 1 Line F ix e d a s s e ts a n d c o n s u m e r d u ra b le goo d s 1974 1967 2 ,1 4 1 ,7 5 0 A ddenda: P riv a te a n d g o v e rn m e n t f ix e d a s s e ts 1973 1966 2 ,0 1 1 ,9 4 4 1964 1971 1972 1965 1 Line F ix e d a s s e ts an d c o n s u m e r d u ra b le goo d s Fixed Assets and Consumer Durable Goods in the United States, 1925-97 3 T a b le 1 . 2 . C h a in -T y p e Q u a n t ity In d e x e s fo r N e t S to c k o f F ix e d A s s e ts a n d C o n s u m e r D u r a b le G o o d s [In d e x n u m b e rs , 1 9 96 = 1 0 0 ] L in e F ix e d a s s e ts a n d c o n s u m e r d u r a b le go o d s F ix e d a s s e ts P r iv a t e N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l C o n s u m e r d u ra b le g o o d s 1925 1926 1927 1928 1929 1930 1931 1932 1933 N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t fix e d a s s e ts F e d e ra l S ta te a n d lo c a l F ix e d a s s e ts P r iv a te N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e 1 4.99 1 5.50 1 5.7 9 1 5.8 6 1 5.7 2 1 5.5 3 1 5.4 7 1 5 .5 2 2 3 4 1 5.7 6 1 6.0 4 5 6 7 8 9 To 11 12 1 4.90 1 7.39 1 7.46 6.92 2 6.59 17.23 8.24 8 .55 2 .26 11.25 0 .00 1 5 .4 6 1 8.05 18.04 7.24 2 7.39 1 7.98 8.56 8.88 2.23 1 1.73 0.00 1 6.0 0 18.64 18.55 7.44 2 8.17 1 8.67 8.94 9 .28 2.24 12.29 0.00 1 6.49 19.18 19.02 7.61 2 8.89 19.29 9 .3 6 9.71 2 .25 12.90 0 .00 17.01 19.69 19.63 7.94 29.71 19.69 9.91 10.28 2.27 13.71 0.04 1 7.3 3 19.94 1 9.97 8.01 3 0.30 1 9.83 1 0.4 7 ... 1 0.86 2.27 14.54 1 7.4 4 19.92 19.87 7 .77 3 0.39 1 9.90 11.05 11.46 2 .3 0 15.39 0.11 1 7.3 6 1 9.66 1 9.47 7 .2 9 3 0.2 0 19.81 1 1.52 1 1.95 2 .2 9 1 6.08 0 .1 4 1 7.21 19.36 19.02 6.86 2 9.84 19.70 11.84 1 2.27 2 .2 9 16.56 0 .1 7 1 7.1 8 19.17 18.73 6 .6 3 2 9.54 19.64 12.26 12.71 2 .4 3 1 7.12 0.21 1 7 .2 4 1 9.09 1 8.58 6 .5 9 2 9.30 1 9.66 12.71 1 3.18 2 .6 0 17.71 0.31 1 7 .4 9 19.18 18.65 6 .79 2 9.2 0 1 9.75 1 3.44 1 3.92 2.71 18.73 0 .8 8 13 1 7.7 8 19.36 1 8.89 7.11 2 9.28 19.87 14.05 14.53 2 .82 19.54 1.66 5 .3 6 5 .6 6 5.91 6 .1 6 6.51 6 .6 2 6 .5 3 6 .2 5 5 .9 8 5 .81 5 .7 8 5 .9 3 6 .1 5 14 15 16 17 18 1 4.9 0 13.91 5 .36 1 9.74 16.86 1 5 .4 6 1 4.39 5 .5 8 2 0.40 1 7.59 1 6.00 14.85 5.72 2 1.08 1 8.27 1 6.49 1 5.30 5.85 2 1.76 18.87 17.01 15.89 6 .08 2 2.58 19.26 1 7 .3 3 1 6.30 6 .1 3 2 3.27 19.40 1 7.4 4 16.45 5.97 2 3.68 19.47 1 7.3 6 1 6.36 5 .6 3 2 3.87 1 9.39 1 7.21 16.19 5 .32 23.88 19.28 1 7.1 8 1 6.17 5.19 2 3.98 19.21 1 7 .2 4 1 6.26 5 .1 9 2 4.13 19.24 1 7.4 9 1 6.58 5.35 2 4.55 1 9.34 19 20 ..... 21......... 1 7.7 8 1 6.95 5 .60 2 4.96 19.48 8 .2 4 6.34 9.46 8 .5 6 6 .2 4 9 .9 8 8 .9 4 6.16 10.61 9 .3 6 6.10 11.27 9.91 6.08 12.12 1 0.4 7 6 .12 12.95 1 1 .0 5 6 .25 13.78 1 1.5 2 6 .4 5 1 4.39 1 1.8 4 6 .86 14.67 1 2 .2 6 7 .4 2 15.04 1 2.71 8 .1 9 1 5.36 1 3 .4 4 8 .9 2 1 6.13 1 4.0 5 9.59 1673 008 1938 1939 1940 1941 1942 1943 1944 1945 1946 S tru c tu re s R e s id e n tia l G o v e rn m e n t fix e d a s s e ts F e d e ra l S ta te a n d lo c a l " 1 7 .4 7 1 8.4 6 1 9.5 8 2 0.4 9 2 0 .8 8 2 1.0 2 2 1.41 2 1 .9 2 2 2 .5 4 2 3 4 5 6 7 8 9 2 3 .4 3 1 7 .9 6 19.37 18.81 7.07 2 9.19 1 9.99 14.74 15.23 3 .00 2 0.48 1 8.2 4 1 9.50 1 8.82 7.12 2 9.12 2 0.26 1 5.53 1 6.03 3.19 2 1.53 2.52 1 8.5 8 19.73 18.95 7 .39 2 9.07 2 0.60 16.24 16.72 3.39 22.44 4.04 1 9.3 0 20.09 19.29 7.83 29.21 2 0.97 18.17 18.62 6 .26 2 3.97 7.05 2 0.52 2 0.04 19.15 7.74 2 9.03 2 1.04 2 3.37 23.89 18.42 26.90 10.55 2 1 .9 4 1 9.89 1 8.92 7.61 2 8.73 2 0.99 2 9.80 30.41 4 2.23 2 8.06 15.02 2 3.1 3 1 9.86 18.92 7.80 2 8.53 2 0.92 3 5.13 35.91 65.41 2 8.40 1 6.03 2 3 .6 4 1 9.99 1 9.23 8.41 2 8.49 2 0.86 37.00 3 7.86 7 3.85 2 8.57 16.25 2 3.6 0 2 0.63 19.93 9.29 2 8.97 2 1.42 34.41 3 5.09 6 1.07 2 8.33 1 7.79 2 3 .8 0 2 1.46 2 0.80 10.63 2 9.37 2 2.23 32.21 3 2.76 49.11 2 8.36 18.27 2 4 .1 8 2 2.40 21.71 1 1.89 29.91 2 3.20 3 0.54 31.01 39.11 2 8.64 1 8.58 2 4 .6 7 2 3.15 2 2.35 1 2.67 30.41 2 4.0 7 3 0.0 2 3 0.42 3 3.90 29.21 1 9.67 6 .1 6 6 .3 6 2 5 .4 0 2 4.16 23.12 1 3.56 31.03 25.34 29.63 2 9.97 2 8.79 2 9.95 2 0.63 6 .6 8 6 .9 0 6 .85 6 .6 7 6 .4 5 6 .3 8 7 .0 8 8 .0 5 8 .9 5 9 .9 3 1 1.2 8 14 15 16 17 1 8...... 1 7.9 6 17.16 5.61 2 5.34 19.60 1 8 .2 4 17.44 5 .68 2 5.77 19.88 1 8.5 8 17.77 5.91 2 6.15 2 0.24 1 9.3 0 1 8.66 6.78 26.91 2 0.67 2 0.5 2 2 0.48 9.02 28.14 20.81 2 1.9 4 22.69 13.23 2 8.50 2 3 .1 3 2 4.63 1 7.42 28.54 2 0.82 2 3.6 4 2 5.49 19.35 2 8.59 2 3.6 0 2 5.05 18.00 2 8.77 2 1.35 2 3 .8 0 2 4.85 1 7.14 2 9.00 22.14 2 4 .1 8 2 4.87 1 6.49 2 9.43 2 3.10 19 20 21 2 4 .6 7 25.11 1 6.27 2 9.96 2 3.97 2 5.4 0 2 5.49 1 6.18 3 0.63 2 5.24 1 4.7 4 1 0.22 1 7.47 1 5.5 3 1 0.79 1 8.38 1 6.2 4 11.68 19.04 1 8 .1 7 1 7.04 1 9.40 2 3.3 7 3 4.16 19.44 2 9.8 0 5 6.57 1 9.27 3 5.1 3 7 5.59 19.06 3 7.00 82.61 18.90 3 4.41 7 3.38 18.91 3 2.21 64.95 19.14 3 0 .5 4 58.01 19.51 3 0.0 2 5 4.49 2 0.16 2 9 .6 3 51.11 2 0.93 L in e F ix e d a s s e ts a n d c o n s u m e r d u ra b l e g o o d s F ix e d a s s ets P r iv a te N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l C o n s u m e r d u ra b le goo d s 200 1951 1952 1953 1954 1955 20 86 1956 1957 2076 1958 1959 N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t fix e d a s s e ts F e d e ra l S ta te a n d lo c a l 1960 1961 1962 1963 T ....... 2 4 .3 8 .......2 5 .3 2 2 6.3 9 2 7.3 5 2 8.51 2 9.5 3 3 0 .5 2 3 1.3 0 3 2.3 9 3 3.4 2 3 4.4 2 3 5.6 3 2 3 4 5 6 7 8 9 10 11 12 3 6.9 4 2 6 .3 4 25.04 2 3.89 1 4.39 31.71 26.33 30.81 3 1.13 3 0.84 3 0.87 2 2.09 2 7.3 2 2 5.85 2 4.57 1 5.08 3 2.35 2 7.28 3 2.4 0 3 2.72 3 4.33 3 1.98 2 3.75 2 8.3 7 26.73 2 5.36 15.87 3 3.10 2 8.26 3 4.12 3 4.45 3 8.19 3 3.17 25.22 2 9 .3 7 2 7.60 2 6.04 16.41 3 3.90 2 9.34 3 5.59 3 5.95 40.21 3 4.52 2 5.8 7 3 0 .4 8 2 8.66 26.91 17.21 3 4.80 30.62 36.82 37.21 4 1.05 3 5.89 2 6.40 3 1.5 5 2 9.69 2 7.86 1 7.99 3 5.86 3 1.74 38.01 3 8.43 4 1.72 37.24 27.11 3 2 .5 6 3 0.65 2 8.78 1 8.76 3 6.88 3 2.75 3 9.22 3 9.63 4 2.17 3 8.64 2 8.38 3 3.4 6 31.41 29.33 19.00 3 7.69 3 3.76 4 0.65 4 1.02 4 2.83 4 0.22 3 0.60 3 4.61 3 2.42 3 0.04 19.49 3 8.57 3 5.12 4 2.32 4 2.66 44.69 4 1.79 33.12 3 5.71 33.41 3 0.85 2 0.06 3 9.57 3 6.33 4 3.82 4 4.15 4 5.85 4 3.35 3 4.98 3 6 .8 4 3 4.36 3 1.60 20.51 4 0.5 7 3 7.53 4 5.57 4 5.87 4 7.5 7 4 5.06 3 7.24 3 8.1 0 3 5.47 32.51 21.21 4 1.63 3 8.8 7 47.41 4 7.69 4 9.7 4 4 6.76 3 9.77 13 3 9 .4 6 36.71 3 3.49 2 2.06 4 2.68 4 0.42 4 9.18 4 9.47 5 1.13 4 8.65 4 1.07 1 2.0 6 1 2.7 0 1 3.6 4 1 4.3 0 1 5.46 1 6.12 1 6 .8 6 1 6.99 17.61 1 8.18 1 8.5 2 1 9.2 5 2 0.2 2 14 15 16 17 18 2 6 .3 4 2 6.40 1 7.22 3 1.42 2 6.24 2 7 .3 2 2 7.37 1 8.37 3 2.2 6 27.21 2 8 .3 7 2 8.47 1 9.67 33.19 28.20 2 9 .3 7 2 9.42 2 0.46 3 4.22 2 9.26 3 0.4 8 3 0.43 2 1.27 35.31 30.53 3 1.5 5 3 1.47 2 2.03 3 6.49 3 1.64 3 2 .5 6 3 2 .4 9 2 2.75 3 7.67 3 2.66 3 3.4 6 33.31 2 3.06 3 8.80 3 3.69 3 4.61 3 4.32 2 3.78 3 9.97 3 5.08 3 5.71 35.35 2 4.44 4 1.20 36.31 19 20 21 3 6 .8 4 36.41 25.11 4 2.4 9 3 7.53 30.81 5 3.23 2 1.73 3 8.1 0 3 7.62 2 6.06 4 3.82 3 8.89 3 9 .4 6 3 8.86 2 7.00 45.21 4 0.43 3 2 .4 0 5 6.84 2 2.53 3 4.1 2 6 0.64 2 3.43 3 5 .5 9 62.91 2 4.57 3 6.8 2 6 4.06 2 5.83 3 8.01 6 5.04 2 7.10 3 9 .2 2 6 5.84 2 8.47 4 0 .6 5 67.01 3 0.00 4 2.3 2 6 9.03 3 1.55 4 3.8 2 7 0.46 3 3.08 4 5 .5 7 72.41 3 4.75 4 7.41 74.61 3 6.47 4 9 .1 8 76.11 3 8.36 A ddenda: P riv a te a n d g o v e rn m e n t fix e d a s s ets 1950 1 6.8 3 A ddenda: E q u ip m e n t a n d s o f t w a r e 1949 1 6.4 7 12 N o n r e s id e n tia l 1948 1 6.20 13 P riv a te an d g o v e rn m e n t f ix e d a s s e ts 1947 1 ...... 11....... C o n s u m e r d u ra b le goo d s 1937 1 4.52 To S tru c tu re s R e s id e n tia l 1936 1 4 .0 2 L in e F ix e d a s s e ts a n d c o n s u m e r d u ra b le go o d s 1935 1 3.4 8 A ddenda: P riv a te an d g o v e rn m e n t fix e d a s s ets 1934 1 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 4 T a b le 1 . 2 . C h a in - T y p e Q u a n t ity In d e x e s fo r N e t S to c k o f F ix e d A s s e t s a n d C o n s u m e r D u r a b le G o o d s — C o n tin u e d [In de x n u m b e rs , 1 9 9 6 = 1 0 0 ] L in e F ix e d a s s e ts an d c o n s u m e r d u ra b le g o o d s F ix e d a s s e ts P riv a te N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l G o v e rn m e n t N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l C o n s u m e r d u ra b le g o o d s 1964 1965 1966 1967 1968 1969 1970 1971 4 7.21 4 8.7 2 5 0 .3 4 N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu r e s R e s id e n tia l G o v e rn m e n t fix e d a s s e ts F e deral S ta te a n d lo c a l N o n re s id e n tia l E q u ip m e n t a n d s o ftw a r e S tr u c tu re s G o v e rn m e n t N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l C o n s u m e r d u r a b le g o o d s N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l G o v e r n m e n t fix e d a s s e ts S ta te a n d lo c a l F ix e d a s s e ts P r iv a t e N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l C o n s u m e r d u r a b le g o o d s N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e r n m e n t fix e d a s s e ts F e d e ra l S ta te a n d lo c a l 5 9.01 4 0 .1 3 4 1 .9 4 4 3 .6 3 4 2 .6 3 3 9.76 3 6.42 2 4.88 4 5.54 4 3.60 5 2.75 5 3.06 5 2.89 52.71 4 3.99 4 4.3 8 4 1.42 3 8.37 2 6.97 4 7.24 4 4.92 54.81 5 5.14 5 4.36 5 4.94 4 5.62 4 6 .0 3 4 2.9 4 40.11 2 8.76 4 8.85 4 6.14 56.98 57.32 56.31 5 7.17 4 7.47 4 7 .7 5 4 4.58 4 1.90 3 0.63 5 0.47 47.61 5 8.95 5 9.29 5 7.07 5 9.44 4 9.26 4 9.4 8 4 6.32 4 3.84 3 2.72 5 2.20 4 9.12 6 0.63 6 0.95 5 7.23 6 1.46 5 1.54 5 1.00 4 7.88 4 5.57 3 4.43 5 3.88 50.47 6 2.00 6 2.29 5 6.96 63.18 53.87 5 2.5 8 4 9.60 4 7.14 3 5.93 5 5.47 5 2.36 6 3.07 6 3.32 5 5.35 6 4.83 5 6.13 5 4.4 3 5 1.64 4 8.97 3 7.97 5 7.08 5 4.64 6 4.27 6 4.50 5 5.13 6 6.34 5 8.02 5 6.4 3 5 3.93 51.29 4 0.88 5 8.90 5 6.89 6 5.28 6 5.48 53.94 67.81 5 9.80 5 8.12 55.81 5 3.43 4 3.60 60.57 5 8.47 6 6.37 6 6.55 53.41 69.21 6 1.50 5 9.4 2 57.16 54.89 45.23 61.87 59.69 6 7.50 6 7.65 5 3.33 7 0.54 63.53 6 0 .8 9 5 8.76 5 6.40 4 7.02 6 3.16 6 1.38 6 8.56 6 8.69 5 3.23 7 1.82 6 5.12 13 2 1.4 2 2 3 .0 5 2 4.9 0 2 6 .5 4 2 8 .5 7 3 0.3 9 3 1.6 7 3 3 .3 8 3 5 .6 4 3 8.3 7 4 0.0 5 4 1 .5 2 4 3 .7 7 14 15 16 ...... 1 7 ..... 18 4 0 .9 6 4 0.29 2 8.14 4 6.77 4 2.07 4 2 .6 3 4 2.03 2 9.65 4 8.58 43.61 4 4 .3 8 44.03 31.65 5 0.50 4 4.93 4 6 .0 3 4 5.92 3 3.47 5 2.38 4 6.17 4 7 .7 5 4 7.78 3 5.17 5 4.27 4 7.64 4 9.4 8 4 9.64 36.94 56.12 49.17 5 1.00 51.25 38.33 5 7.82 5 0.54 5 2 .5 8 5 2.64 3 9.3 0 5 9.43 5 2.44 5 4.4 3 5 4.25 4 0.94 6 0.99 5 4.72 5 6.4 3 56.10 43.10 62.66 56.96 5 8.12 57.86 45.25 64.21 5 8.53 5 9.42 5 9.19 4 6.60 65.52 5 9.77 6 0 .8 9 6 0.54 4 8.06 6 6.80 6 1.47 19 20 .......2 1..... 5 0.9 6 7 7.30 4 0.40 5 2.7 5 78.13 4 2.59 54.81 7 9.54 4 4.92 5 6.9 8 8 0.97 47.41 5 8.9 5 8 1.44 6 0.63 8 1.43 5 2.35 6 2.00 8 1.03 54.44 6 3.0 7 7 9.90 5 6.37 6 4.2 7 7 9.68 5 8.15 6 5.28 78.87 5 9.89 6 6.37 7 8.37 6 1.59 6 7.50 7 8.18 6 3.22 6 8.5 6 7 8.00 6 4.76 1977 1978 1979 1980 4 9.99 1981 1982 1983 1984 1985 1986 1987 1988 1989 1 6 0 .9 4 6 3 .1 7 6 5.4 2 6 7 .1 8 6 8.86 7 0 .1 4 7 1.7 5 7 4 .0 3 7 6 .5 2 7 9.0 4 8 1.4 0 8 3.74 8 6.0 0 2 3 4 5 6 7 8 9 10 11 12 6 2 .7 0 6 0.82 58.31 4 9.60 6 4.52 63.61 6 9.47 6 9.58 5 3.12 7 2.93 6 6.62 6 4.8 4 6 3.24 6 0.75 5 3.00 6 6.19 66.01 7 0.59 7 0.69 5 3.15 7 4.28 6 7.87 6 7.08 6 5.74 6 3.48 5 6.64 6 8.22 6 8.24 7 1.87 7 1.98 5 4.00 7 5.65 69.08 6 8.9 3 6 7.73 6 5.92 5 9.32 70.46 69.75 73.19 73.28 5 5.10 7 7.00 7 0.62 7 0 .7 0 6 9.67 6 8.46 6 1.84 7 3.00 7 1.03 7 4.34 74.41 5 6.35 7 8.10 7 2.44 7 2 .0 4 7 1.10 70.41 6 3.24 7 5.35 7 1.86 7 5.37 75.41 57.91 7 8.99 7 4.13 7 3.5 8 7 2.75 7 2.10 6 4.80 7 7.12 7 3.47 7 6.53 7 6.54 6 0.36 7 9.82 76.16 7 5.71 7 5.07 7 4 .6 9 67.71 7 9.48 7 5.48 78.01 78.01 6 3.67 8 0.88 7 7.89 7 8 .0 0 7 7.48 7 7.48 7 0.54 8 2.23 7 7.47 7 9.85 7 9.8 4 6 8.15 8 2.14 8 0.00 8 0.25 79.79 7 9.73 7 2.94 8 4.36 7 9.86 81.87 81.85 7 3.07 8 3.55 8 2.25 8 2.3 8 8 1.94 8 1.67 74.71 8 6.42 8 2.22 8 3.95 8 3.92 78.11 8 5.03 8 4.60 8 4.47 84.09 83.71 76.88 88.36 8 4.50 85.83 8 5.79 8 1.97 8 6.52 86.69 8 6 .5 4 86.21 85.81 7 9.24 9 0.28 8 6.62 8 7.72 8 7.68 8 6.19 8 7.98 8 8.52 13 4 6.4 7 4 9.2 6 5 1 .5 6 5 2 .5 5 5 3 .5 4 5 4.30 5 6.42 5 9.86 6 3 .9 4 6 8.63 7 2.8 5 7 7.20 8 1 .1 4 14 15 16 17 18 6 2.70 62.11 5 0.18 6 8.05 6 3.68 6 4 .8 4 64.11 53.00 69.59 66.05 6 7 .0 8 6 6.36 5 6.17 7 1.35 6 8.26 6 8.93 6 8.42 5 8.60 73.21 6 9.77 7 0.7 0 7 0.49 6 0.90 7 5.14 7 1.06 7 2 .0 4 72.12 62.33 76.88 71.91 7 3 .5 8 7 3.62 6 4.05 7 8.25 7 3.53 7 5.71 7 5.83 6 7.03 8 0.07 7 5.53 7 8.0 0 7 8.30 7 0.16 8 2.1 9 7 7.53 8 0.2 5 80.46 73.00 84.02 79.91 8 2.38 82.45 75.33 8 5.83 8 2.27 8 4.47 8 4.43 7 7.78 87.58 84.55 8 6.5 4 8 6.46 19 20 21 6 9.47 7 7.89 66.10 7 0.5 9 77.91 6 7.67 7 1 .8 7 7 8.24 6 9.34 7 3 .1 9 7 8.75 7 0.97 7 4 .3 4 7 9.53 72.27 7 5 .3 7 8 0.43 7 3.34 7 6.5 3 8 1.82 74.41 7 8.01 8 3.60 7 5.77 7 9 .8 5 86.01 7 7.38 8 1 .8 7 8 8.68 7 9.15 8 3.95 9 1.52 8 0.93 8 5.83 9 3.37 8 2.82 8 7.7 2 9 5.05 8 4.79 1990 1991 1992 1993 1994 1995 1996 1997 .......1....... 8 8.06 8 9.4 8 9 1.0 4 9 2.9 4 9 5 .0 6 9 7.3 5 1 00 .00 1 0 2 .8 8 2 3 4 5 6 7 8 9 10 11 12 88.51 88.14 8 7.82 8 1.17 9 2.34 8 8.47 8 9.82 8 9.78 9 0.54 8 9.65 9 0.56 9 0.02 89.52 8 9.24 8 2.58 9 3.75 89.82 9 1.77 9 1.75 9 3.68 9 1.39 92.31 9 1.5 7 9 0.99 9 0.54 8 4.26 9 4.79 9 1.46 9 3.64 93.61 96.29 93.11 94.22 9 3.3 9 92.88 92.31 86.91 9 5.94 9 3.47 9 5.22 9 5.19 9 7.64 9 4.73 9 5.86 9 5 .3 6 9 4.99 9 4.39 90.51 9 6.97 9 5.62 9 6.66 9 6.63 9 8.40 96.31 9 7.19 9 7.50 9 7.30 9 6.96 9 4.90 98.31 9 7.66 9 8.23 9 8.20 9 8.97 9 8.06 98.81 1 00 .00 100.00 100 .00 100.00 100.00 100.00 100 .00 100 .00 100.00 100.00 100.00 1 0 2 .6 9 102 .96 103 .57 105 .98 102 .04 102 .32 101.75 101.77 100.68 101 .97 101.21 13 8 3.9 7 8 4.6 7 8 6.21 8 8.86 9 2.3 0 9 5.9 4 1 00 .00 1 0 4 .7 4 14 15 16 17 18 88.51 88.50 82.78 9 1.20 88.51 9 0.02 9 0.10 8 4.48 9 2.75 89.87 9 1.5 7 9 1.60 86.31 9 4.08 9 1.53 9 3.39 93.31 8 8.74 9 5.43 9 3.53 9 5.3 6 9 5.16 91.86 96.69 9 5.66 9 7.50 9 7.39 9 5.60 9 8.20 9 7.68 1 00 .00 100 .00 100 .00 100.00 100.00 1 0 2 .69 102 .95 105.07 102.01 102 .30 19 20 21 8 9 .8 2 9 6.80 8 7.02 9 1.7 7 9 8.05 89.25 9 3.6 4 9 9.08 91.44 9 5.2 2 9 9.47 93.51 9 6 .6 6 9 9.42 9 5.55 9 8.2 3 9 9.40 9 7.76 1 00 .00 100.00 100.00 1 0 1 .7 5 99.63 102 .59 A ddenda: P riv a te a n d g o v e r n m e n t f ix e d a s s e ts 1976 5 7.4 3 3 8.4 3 L in e F ix e d a s s e ts a n d c o n s u m e r d u r a b le g o o d s 1975 5 6.1 0 4 0 .9 6 3 8.13 3 4.73 2 3.20 4 3.93 4 2.06 5 0.96 5 1.27 5 2.26 50.61 4 2.48 Addenda: P riv a te a n d g o v e r n m e n t f ix e d a s s e ts 1974 5 4.4 0 1 Line F ix e d a s s e ts a n d c o n s u m e r d u r a b le g o o d s 5228 1973 2 3 4 5 6 7 8 9 10 11 12 A ddenda: P riv a te a n d g o v e rn m e n t f ix e d a s s e ts 1972 4 5 .4 3 8 9.30 86.67 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 5 T a b le 1 . 3 . C u r r e n t- C o s t D e p r e c ia t io n o f F ix e d A s s e ts a n d C o n s u m e r D u r a b le G o o d s [M illio n s o f d o lla rs ] L in e F ix e d a s s e ts a n d c o n s u m e r d u ra b le g o o d s F ix e d a s s e ts P r iv a t e N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l C o n s u m e r d u ra b le g o o d s 1 2 ....... 3 ...... 4 5 6 7 8 9 10 11 12 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1 3 ,8 0 9 1 4 ,6 2 2 1 5 ,1 62 1 5 ,7 5 4 1 6,2 21 1 6 ,0 8 4 1 4 ,9 2 5 1 3 ,1 1 3 1 2 ,3 3 9 1 2 ,8 7 8 1 2 ,7 79 1 3 ,1 39 1 4 ,3 4 6 8 ,0 3 3 7 ,164 5 ,908 3 ,55 2 2 ,355 1 ,256 8 69 8 69 2 12 6 57 0 8 ,5 5 3 7 ,665 6 ,33 8 3,911 2,427 1 ,327 888 888 221 667 0 8 ,76 3 7,841 6 ,472 3 ,97 7 2 ,495 1 ,369 922 922 230 692 0 9 ,0 4 5 8,1 07 6,6 86 4 ,14 9 2,5 36 1,4 22 9 38 9 38 241 6 97 0 9 ,361 8 ,408 6 ,880 4,281 2 ,599 1,529 9 53 9 53 2 33 7 20 0 9 ,2 1 4 8 ,266 6,741 4 ,23 5 2 ,506 1,526 948 948 2 37 711 0 8 ,5 7 7 7 ,67 0 6 ,27 6 3 ,92 3 2 ,35 3 1,394 9 07 9 07 233 674 0 7 ,5 7 0 6 ,7 5 9 5 ,6 2 8 3 ,5 8 9 2 ,0 3 9 ....... 1,131 8 12 811 2 40 571 0 7 ,2 3 8 6 ,33 3 5,221 3 ,17 0 2,051 1,112 905 905 2 38 6 67 0 7 ,661 6 ,59 0 5 ,359 3,235 2 ,124 1,231 1,071 1,071 262 8 09 0 7 ,6 7 0 6 ,575 5 ,35 7 3 ,18 9 2 ,16 8 1,217 1,095 1,095 2 92 803 0 7 ,9 4 7 6 ,72 3 5 ,44 2 3 ,2 3 8 2 ,20 4 1,281 1 ,224 1 ,22 3 306 917 1 8 ,811 7 ,49 2 6 ,062 3 ,603 2 ,46 0 1,429 1,319 1,317 340 977 2 13 5 ,7 7 7 6 ,0 6 9 6 ,3 9 9 6 ,7 0 9 6 ,86 0 6 ,87 0 6 ,3 4 8 5 ,5 4 3 5 ,101 5 ,2 1 7 5 ,1 0 9 5 ,1 9 3 5 ,5 3 5 14 15 16 17 18 8 ,0 3 3 6,7 77 3,7 64 3,0 12 1,256 8 ,5 5 3 7 ,227 4 ,13 3 3 ,09 4 1 ,327 8 ,76 3 7 ,394 4 ,207 3 ,187 1,369 9 ,0 4 5 7 ,623 4,391 3 ,23 3 1 ,422 9 ,361 7,8 32 4,5 13 3,3 19 1,529 9 ,2 1 4 7 ,688 4,471 3 ,217 1 ,526 8 ,5 7 7 7 ,18 3 4 ,15 5 3 ,02 7 1 ,394 7 ,5 7 0 6 ,44 0 3 ,8 2 9 2,611 1,131 7 ,2 3 8 6 ,12 6 3 ,40 8 2 ,71 8 1,112 7,6 61 6 ,430 3 ,49 7 2 ,933 1,231 7 ,6 7 0 6 ,45 2 3,481 2,971 1 ,218 7 ,9 4 7 6 ,66 5 3 ,5 4 4 3,121 1 ,28 2 8 ,811 7 ,37 9 3 ,94 3 3 ,43 7 1,432 19 20 21 869 2 63 6 06 888 256 632 922 247 675 938 2 36 701 953 2 13 7 39 948 202 746 907 191 716 812 181 6 30 905 188 7 17 1,071 227 8 44 1 ,0 9 5 269 8 27 1 ,2 2 4 311 913 1 ,3 1 9 351 968 A ddenda: P riv a te an d g o v e rn m e n t fix e d a s s e ts N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t fix e d a s s e ts F e d e ra l S ta te a n d lo c a l L in e F ix e d a s s e ts an d c o n s u m e r d u ra b le g o o d s F ix e d a s s e ts P r iv a te N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l C o n s u m e r d u ra b le g o o d s 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1 1 4 ,8 53 1 4 ,8 14 1 5 ,5 18 1 7 ,8 7 9 2 1 ,7 2 3 2 5 ,5 9 5 3 0 ,6 7 2 3 4 ,8 6 9 4 0 ,4 5 2 4 6 ,1 8 6 5 0 ,7 93 4 9 ,1 7 9 52,511 2 3 4 5 6 7 8 9 10 11 12 9 ,2 0 4 7,821 6 ,334 3 ,886 2 ,448 1,487 1,383 1,379 3 59 1,021 3 9 ,1 4 9 7,7 17 6,201 3,7 88 2,4 13 1,5 16 1,432 1,4 27 386 1,0 42 4 9 ,5 8 5 8 ,058 6 ,460 3 ,989 2,471 1,598 1,527 1,521 4 33 1,087 6 1 1 ,1 6 6 9 ,022 7 ,246 4 ,546 2 ,700 1 ,777 2 ,14 4 1 7 ,8 67 10,122 8,041 4,8 20 3,221 2,081 7 ,74 5 7,7 15 5,7 88 1,9 27 30 2 2 ,3 9 5 10,404 8 ,154 4 ,86 7 3 ,28 7 2 ,25 0 11,991 11,951 1 0,009 1 ,942 40 2 6,871 1 0,7 28 8,331 4 ,89 7 3 ,4 3 4 2 ,39 8 16,143 1 6,0 99 14,138 1,961 44 3 1,2 91 12,650 9,9 97 6,0 87 3 ,90 9 2 ,65 3 18,642 18,590 16,347 2 ,243 52 3 5 ,1 8 5 15,520 12,189 7 ,41 2 4 ,77 6 3,331 19,664 3 7 ,3 7 4 18,350 14,548 9 ,09 5 5 ,45 3 3 ,80 2 19,024 2 ,13 2 8 63 1 ,270 11 1 4 ,3 8 3 1 0,1 26 8 ,198 5 ,173 3 ,025 1,928 4 ,257 4 ,237 2 ,603 1,634 20 1 9,580 16,916 2 ,66 4 85 18,955 16,012 2 ,943 69 3 3 ,7 62 2 0,0 45 1 6,005 10,481 5 ,52 4 4 ,04 0 1 3,717 13,644 10,695 2 ,9 4 9 73 3 4 ,7 7 9 2 1,6 78 1 7,3 27 1 1,6 93 5 ,634 4 ,35 2 1 3,1 00 13,022 10,167 2 ,855 78 13 5 ,6 4 9 5 ,6 6 5 5 ,9 3 3 6 ,71 3 7 ,341 7 ,7 2 8 8 ,2 7 7 7 ,9 9 8 9 ,16 0 1 1 ,0 02 1 3 ,4 1 9 1 5 ,4 1 7 1 7 ,7 3 2 14 15 16 17 18 9 ,2 0 4 7 ,71 3 4 ,24 4 3 ,46 9 1,490 9 ,14 9 7 ,62 8 4 ,174 3 ,454 1,520 9 ,5 8 5 7,981 4,422 3,5 58 1,604 1 1 ,1 6 6 9 ,37 8 5 ,40 9 3 ,96 9 1 ,788 1 4 ,3 83 12,435 7 ,77 6 4 ,65 9 1,948 1 7 ,8 67 15,757 10,608 5 ,14 9 2,111 2 2 ,3 95 2 0 ,1 05 1 4,876 5 ,22 9 2,2 90 26,871 2 4,4 29 1 9,0 35 5 ,39 4 2 ,44 2 3 1,2 91 28,587 22,434 6 ,152 2 ,705 3 5 ,1 85 3 1 ,7 69 2 4,3 28 7 ,4 4 0 3,4 16 3 7 ,3 7 4 3 3,5 03 2 5,1 07 8 ,396 3 ,87 2 3 3 ,7 6 2 2 9,6 49 2 1,1 76 8 ,47 3 4 ,11 3 3 4 ,7 7 9 3 0,3 49 21,861 8 ,488 4 ,43 0 19 20 21 1 ,3 8 3 381 1,001 1 ,4 3 2 4 05 1,026 1 ,5 2 7 4 56 1,070 2 ,1 4 4 9 39 1,205 4 ,2 5 7 2,851 1,406 7 ,7 4 5 6 ,263 1,482 11,991 1 0,569 1,4 22 1 6 ,1 43 1 4,7 50 1 ,393 1 8 ,6 4 2 17,118 1,523 1 9 ,6 6 4 17,837 1,8 27 1 9 ,0 2 4 16,937 2 ,08 7 1 3 ,7 1 7 1 1,5 97 2 ,12 0 1 3 ,1 00 10,977 2 ,123 A ddenda: P riv a te and g o v e rn m e n t f ix e d a ss ets N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t fix e d a s s ets F e d e ra l S ta te a n d lo c a l L in e F ix e d a s s e ts an d c o n s u m e r d u ra b le g o o d s F ix e d a s s e ts P r iv a te N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l C o n s u m e r d u ra b le g o o d s 1951 1952 1953 1954 1955 1956 1957 1958 1959 I9 6 0 1961 1962 1963 1 5 4 ,4 99 5 8 ,5 20 6 2 ,3 97 6 5 ,9 9 9 6 9 ,5 7 5 7 6 ,6 50 8 2 ,8 42 8 5 ,6 1 8 8 8 ,4 82 9 1 ,9 56 9 4 ,2 9 6 9 7,8 41 1 0 2 ,3 8 3 2 3 4 5 6 7 8 9 10 11 12 3 3 ,7 19 24,973 20,068 13,614 6 ,454 4 ,90 5 8 ,746 8 .648 5 ,24 5 3 .40 4 97 36,301 26,591 2 1,3 42 14,491 6 ,850 5 ,249 9 ,710 9 .603 5 ,969 3 ,63 3 108 3 8 ,6 38 2 8,0 50 2 2 ,5 40 15,412 7 ,128 5 ,510 10,588 10,474 6 ,726 3 ,748 114 4 0 ,5 6 9 2 9,283 2 3 ,5 23 16,301 7 ,223 5 ,75 9 11,286 11,158 7 ,37 8 3 ,78 0 128 4 2 ,7 8 0 3 0,9 63 2 4,8 18 17,264 7,554 6 ,145 11,817 11,672 7 ,733 3 ,939 145 4 7 ,2 70 34,412 27,817 19,367 8 .450 6 ,594 12,859 12,738 8 ,270 4 .468 121 5 1 ,0 45 3 7 ,3 36 3 0,4 45 2 1,2 98 9 ,14 7 6,891 13,710 13,578 8 ,71 7 4,861 132 5 2 ,7 63 3 8,7 58 3 1,6 16 2 2 ,2 48 9 ,36 9 7 ,14 2 14,005 13.863 8 ,81 2 5,051 142 5 4 ,8 46 4 0,2 32 3 2,7 68 2 3,1 08 9,661 7 ,464 14,613 14,460 9 ,20 7 5 ,252 154 56,931 4 1,7 75 3 3 ,9 28 2 4,0 50 9 ,87 7 7 ,84 8 15,155 14,990 9 ,62 5 5 ,36 5 165 5 8 ,5 1 9 4 2,804 3 4,629 2 4,539 10,091 8 ,175 15,716 15,541 9 ,94 9 5 ,59 2 175 6 0 ,9 7 6 4 4 ,3 25 3 5,8 09 25,371 1 0,4 38 8 ,51 6 16,651 16,463 10,564 5 ,89 9 188 6 3 ,6 1 9 4 5,969 3 7,150 2 6,407 1 0,743 8 ,81 9 1 7,650 17,454 11,198 6,2 56 196 13 20,781 2 2 ,2 19 2 3 ,7 58 2 5 ,4 2 9 2 6 ,7 95 2 9 ,3 80 3 1 ,7 9 7 3 2 ,8 5 5 3 3 ,6 3 6 3 5 ,0 2 5 3 5 ,7 7 6 3 6 ,8 6 5 3 8 ,7 6 4 14 15 16 17 18 3 3 ,7 19 28,716 18,859 9 ,858 5 ,002 36,301 3 0,9 45 20,461 10,484 5 ,356 3 8 ,6 38 3 3,0 14 2 2,1 38 10,876 5 ,624 4 0 ,5 6 9 3 4,6 82 2 3,6 79 11,003 5,8 87 4 2 ,7 8 0 3 6,490 2 4,997 11,493 6 ,290 4 7 ,2 70 40,555 2 7 6 37 12,918 6 ,715 5 1 ,0 45 4 4,0 23 3 0,0 15 14,007 7 ,02 3 5 2 ,7 6 3 4 5 ,4 80 3 1,060 1 4,419 7 ,28 4 5 4 ,8 46 4 7,2 28 32,315 14,913 7,618 56,931 4 8 ,9 18 3 3,6 75 15,243 8 ,013 5 8 ,5 1 9 5 0,1 70 3 4,4 87 15,683 8,3 50 6 0 ,9 7 6 5 2,2 72 3 5,9 35 1 6,3 37 8 ,70 4 6 3 ,6 1 9 5 4,6 04 3 7,6 05 1 6,9 99 9 ,016 19 20 21 8 ,7 4 6 6 ,18 6 2 ,55 9 9 ,71 0 6 ,97 8 2 ,73 2 1 0,5 88 7,765 2,823 1 1 ,2 8 6 8,4 00 2,8 87 1 1 ,8 1 7 8 ,739 3 ,07 8 1 2 ,8 5 9 9 ,320 3 ,539 1 3,7 10 9 ,86 0 3 ,85 0 1 4 ,0 05 9,9 95 4 ,0 1 0 1 4 ,6 13 10,374 4 ,239 1 5 ,1 5 5 10,732 4 ,42 3 1 5 ,7 1 6 11,037 4 ,67 8 1 6,6 51 11,640 5,011 1 7 ,6 5 0 12,285 5 ,365 A ddenda: P riv a te a n d g o v e rn m e n t f ix e d a s s ets N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t fix e d a ss ets F e d e ra l S ta te a n d lo c a l Fixed Assets and Consumer Durable Goods in the United States, 1925-97 6 T a b le 1 . 3 . C u r r e n t- C o s t D e p r e c ia t io n o f F ix e d A s s e t s a n d C o n s u m e r D u r a b le G o o d s — C o n tin u e d [M illio n s o f d o lla rs ] 1964 1965 1967 1968 1969 1970 1971 1973 1974 1975 1976 1 1 0 7 ,8 1 5 1 1 4,4 4 0 1 23 ,5 95 1 3 3 ,9 5 4 1 4 7 ,5 2 9 1 6 1,6 3 0 1 75 ,6 67 1 9 1 ,0 6 9 2 0 8,4 3 9 2 2 7 ,7 9 4 2 59 ,1 58 2 9 6 ,3 1 4 3 2 5 ,5 6 3 2 3 4 5 6 7 8 9 10 11 12 6 6 ,6 08 4 8,3 57 3 9,0 63 2 7,9 17 11,146 9 ,294 18,251 18,047 11,464 6 ,583 2 04 7 0 ,7 9 8 5 1,7 36 4 1,7 73 2 9,9 72 11,801 9,9 63 19,063 18,848 11,824 7,0 24 2 15 7 6 ,9 19 5 6,3 14 45,591 3 2,9 14 12,677 1 0,7 23 2 0,6 05 2 0 ,3 75 1 2,7 42 7 ,63 3 2 30 8 3 ,6 4 0 6 1,4 02 4 9,9 12 3 6,3 80 13,532 11,490 2 2 ,2 39 22,001 13,782 8 ,21 9 238 9 1 ,6 53 67,430 54,909 4 0,1 92 14,717 12,521 24,224 2 3,9 64 15,001 8 ,963 2 60 1 0 0 ,3 1 2 7 4,5 25 6 0,6 54 4 4,4 66 16,188 13,871 2 5,7 87 2 5 ,4 90 15,554 9 ,93 6 2 97 109,691 81,800 66,923 49,112 17,810 14,877 27,891 27,571 16,393 11,178 3 20 119 ,31 1 8 9,7 39 7 3,2 92 5 3,5 55 19,737 16,448 2 9,5 72 2 9 ,2 20 16,744 12,475 3 52 1 3 0,9 4 5 99,404 80,395 57,924 22,472 19,008 31,541 3 1,1 54 1 7,6 58 13,496 3 87 1 4 3,3 6 0 1 09 ,15 7 88,274 63,875 2 4,399 20,883 3 4,203 3 3,759 18,610 15,149 443 1 64 ,8 08 126,943 103 ,02 8 7 4,542 2 8,486 2 3,915 3 7,865 3 7 ,3 70 18,837 18,533 4 95 1 9 0 ,9 7 9 149,177 122 ,42 2 8 9,4 54 3 2,9 68 26,755 4 1,8 02 4 1,2 48 2 0 ,3 28 2 0 ,9 20 554 2 0 8 ,9 9 0 1 64 ,59 9 135,331 9 9 ,7 96 3 5,5 35 2 9,2 68 44,391 4 3 ,7 87 2 2 ,1 37 2 1 ,6 50 6 04 13 4 1 ,2 0 7 4 3 ,6 4 2 4 6 ,6 76 5 0 ,3 13 5 5 ,8 76 6 1 ,3 18 6 5,976 7 1 ,7 5 7 7 7 ,4 9 4 8 4,4 35 9 4 ,3 5 0 1 05 ,3 35 1 1 6 ,5 7 3 14 15 16 17 18 6 6 ,6 08 57,111 39,381 17,729 9 ,497 7 0 ,7 9 8 60,621 4 1 ,7 96 18,825 1 0,178 7 6 ,9 1 9 6 5,9 66 4 5 ,6 56 2 0,3 10 10,954 8 3 ,6 40 7 1 ,9 13 5 0,1 62 21,751 1 1,7 28 9 1 ,6 53 7 8,8 73 5 5,1 93 2 3,6 80 12,781 1 0 0 ,3 1 2 86,144 6 0 ,0 20 2 6,1 24 1 4,168 109,691 94,494 6 5,5 06 2 8,9 88 15,197 1 19 ,31 1 102,511 7 0 ,2 99 3 2,2 12 1 6,8 00 1 3 0,9 4 5 111 ,55 0 7 5,5 82 3 5,9 68 19,395 1 4 3,3 6 0 122,03 4 82,485 3 9,548 2 1,326 1 64 ,80 8 140 ,39 8 9 3 ,3 79 4 7 ,0 19 2 4 ,4 10 1 9 0 ,9 7 9 1 63 ,67 0 109 ,78 2 5 3,8 88 2 7,3 08 2 0 8 ,9 9 0 1 79 ,11 8 1 21 ,93 4 5 7,1 84 2 9,8 72 19 20 21 18,251 12,503 5 ,748 1 9 ,0 63 1 2,817 6 ,24 5 2 0 ,6 0 5 13,727 6 ,87 8 2 2 ,2 3 9 14,717 2 4 ,2 2 4 15,904 7,521 8,3 20 2 5 ,7 8 7 1 6,477 9 ,31 0 27,891 17,328 10,563 2 9 ,5 7 2 1 7,7 68 1 1,8 04 31,541 18,692 12,850 3 4 ,2 0 3 19,896 14,307 3 7 ,8 6 5 2 0,2 18 1 7,6 48 4 1 ,8 0 2 2 1,5 59 2 0,2 43 4 4,3 91 2 3,1 25 2 1,2 66 L in e F ix e d a s s e t s a n d c o n s u m e r d u r a b le g o o d s F ix e d a s s e t s P riv a te N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu r e s R e s id e n tia l G o v e rn m e n t N o n r e s id e n tia l E q u ip m e n t a n d s o ftw a re S tr u c tu r e s R e s id e n tia l C o n s u m e r d u r a b le g o o d s 1966 1972 Addenda: P r iv a t e a n d g o v e r n m e n t f i x e d a s s e t s N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu r e s R e s id e n tia l G o v e r n m e n t f ix e d a s s e t s F e deral S ta te a n d lo c a l 1977 1978 1979 1980 1983 1984 1986 1987 1988 1 3 6 1 ,5 5 8 4 0 8 ,3 4 6 4 6 4 ,6 5 5 5 2 7 ,9 3 7 5 9 2,2 8 9 6 4 4 ,2 3 9 6 75 ,0 02 7 1 7 ,7 4 8 7 7 3,4 5 3 8 33 ,9 36 8 93 ,2 72 9 5 6 ,1 4 7 1 ,0 3 2 ,9 4 9 2 3 4 5 6 7 8 9 10 11 12 2 3 1 ,5 6 4 184,401 151 ,16 8 111 ,33 2 3 9,8 36 33,233 4 7,1 63 46,471 2 3,6 83 2 2,7 88 692 2 6 1 ,5 0 7 2 10 ,72 7 172,25 4 127,251 4 5,003 3 8,473 5 0 ,7 80 4 9,993 2 5 ,6 37 2 4 ,3 55 3 0 0 ,4 1 2 2 44 ,93 0 2 00 ,2 28 1 47 ,28 8 5 2,9 40 4 4,7 02 5 5,4 82 5 4,5 17 2 7,2 35 2 7,2 82 965 3 4 5 ,1 6 8 2 82 ,56 0 2 31 ,71 8 171 ,82 8 5 9,8 90 5 0,8 42 6 2 ,6 08 6 1 ,5 45 3 0 ,2 53 3 1 ,2 92 1,0 62 3 94 ,78 1 3 23 ,86 4 2 67 ,65 4 196,721 7 0,9 33 56,211 70,917 6 9,760 3 4,3 04 3 5,456 1,157 4 3 6 ,4 5 6 357,471 2 96 ,89 9 2 15 ,74 8 81,151 6 0,572 7 8,986 7 7,715 3 9 ,4 28 3 8 ,2 87 1 ,270 4 56 ,0 63 3 72 ,74 4 309 ,59 5 2 28 ,13 2 81,463 6 3,1 49 8 3,3 19 8 1,9 89 4 2,9 60 3 9,0 29 1 ,330 4 8 2 ,3 3 9 393,541 3 27 ,57 7 2 43 ,93 4 8 3,6 43 6 5,9 64 8 8 ,7 98 8 7 ,3 33 4 7 ,5 20 3 9 ,8 13 1,4 65 5 1 6,4 9 8 4 22 ,52 8 351 ,46 7 2 62 ,83 7 8 8,630 71,061 9 3,970 9 2,457 5 1,150 4 1 ,3 07 1,513 5 51 ,5 80 450,75 0 376,58 0 284,66 7 91,912 7 4,1 70 100,830 9 9,3 04 5 5,7 96 4 3,5 08 1 ,526 5 86 ,0 50 4 78 ,2 34 3 98 ,95 9 3 05 ,60 4 9 3,3 55 7 9,2 75 107 ,81 6 1 06 ,17 3 6 0 ,1 29 4 6,0 44 1,643 6 2 7 ,4 1 8 5 12 ,35 2 4 27 ,55 6 3 26 ,28 3 101 ,27 3 8 4,7 96 115 ,06 6 113 ,26 3 6 5,1 33 4 8 ,1 30 1,803 6 7 8 ,0 5 4 554,021 4 59 ,9 84 3 51 ,1 09 1 08 ,87 6 9 4 ,0 37 1 24 ,03 3 1 22 ,03 8 7 0 ,8 03 5 1,235 1,995 13 1 2 9 ,9 9 4 1 4 6 ,8 3 9 1 64 ,2 43 1 8 2 ,7 6 9 1 9 7,5 0 8 2 0 7 ,7 8 3 2 18 ,9 39 2 3 5 ,4 0 9 2 5 6 ,9 5 6 2 8 2 , 357 3 07 ,2 22 3 2 8,7 2 9 3 5 4 ,8 9 5 14 15 16 17 18 2 3 1 ,5 6 4 197 ,63 9 135 ,01 6 62,624 33,925 2 6 1 ,5 0 7 2 22 ,2 47 1 52 ,88 8 6 9,3 58 3 9,2 60 3 0 0 ,4 1 2 2 54 ,74 5 174 ,52 4 80,222 4 5 ,6 67 3 4 5 ,1 6 8 2 93 ,26 3 202,081 9 1,1 82 5 1,9 04 394 ,78 1 3 37 ,41 4 2 31 ,02 4 106,39 0 5 7,367 4 3 6 ,4 5 6 3 74 ,61 4 2 55 ,17 7 1 19 ,43 8 6 1,8 42 4 56 ,0 63 3 91 ,58 4 2 71 ,09 2 120 ,49 2 64,479 4 8 2 ,3 3 9 4 1 4,9 1 0 2 91 ,45 4 1 23 ,45 6 6 7,4 29 5 16 ,4 98 4 43 ,92 4 3 13 ,98 7 129,93 7 7 2,574 5 51 ,5 80 4 75 ,88 3 3 40 ,46 3 135 ,42 0 75,696 5 86 ,0 50 5 05 ,13 2 3 65 ,73 3 1 39 ,40 0 8 0,9 18 6 2 7 ,4 1 8 5 40 ,81 9 3 91 ,41 6 1 49 ,40 2 8 6,5 99 6 7 8 ,0 5 4 5 82 ,02 3 4 21 ,91 2 160,111 96,031 19 20 21 4 7 ,1 63 2 4,598 2 2,565 5 0 ,7 8 0 2 6 ,3 10 2 4 ,4 69 5 5 ,4 82 2 8,0 08 2 7,4 74 6 2 ,6 0 8 3 0,9 37 3 1 ,6 70 7 0 ,9 1 7 3 4,723 3 6,194 7 8 ,9 8 6 3 9,4 62 3 9,5 24 8 3 ,3 19 42,424 40,895 8 8 ,7 9 8 4 6,4 34 4 2,3 63 9 3 ,9 70 4 9 ,2 62 4 4 ,7 08 1 00 ,8 30 52,916 47,913 1 07 ,8 16 5 6,3 15 51,501 1 1 5 ,0 6 6 6 0,2 05 54,861 1 2 4 ,0 3 3 6 4 ,4 14 5 9 ,6 19 L in e F ix e d a s s e t s a n d c o n s u m e r d u r a b le g o o d s F ix e d a s s e ts P riv a te N o n re s id e n tia l E q u ip m e n t a n d s o ftw a r e S tr u c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n tia l E q u ip m e n t a n d s o ftw a r e S tr u c tu r e s R e s id e n tia l C o n s u m e r d u r a b le g o o d s 787 1981 1982 1985 1989 Addenda: P r iv a t e a n d g o v e r n m e n t f ix e d a s s e t s N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l G o v e r n m e n t f ix e d a s s e t s F e deral S ta te a n d lo c a l L in e F ix e d a s s e ts a n d c o n s u m e r d u r a b le g o o d s F ix e d a s s e ts P r iv a t e N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l C o n s u m e r d u r a b le g o o d s 1990 1991 1992 1993 1994 1995 1996 1 ,4 2 7 ,3 2 2 1997 1 1 ,0 8 6 ,3 5 6 1 ,1 4 0 ,5 0 0 1 ,1 8 8 ,3 4 9 1 ,2 2 8 ,9 6 6 1 ,3 1 4 ,0 9 3 1 ,3 6 8 ,0 8 7 1 ,5 0 0 ,3 1 6 2 3 4 5 6 7 8 9 10 11 12 7 1 1 ,2 9 6 5 79 ,5 26 4 84 ,72 0 3 71 ,57 2 113,14 8 9 4,8 06 131 ,77 0 129 ,67 4 7 6,8 72 52,802 2 ,096 7 4 8 ,7 7 2 6 08 ,0 57 5 08 ,6 29 3 92 ,0 69 1 16 ,55 9 9 9,4 29 1 40 ,71 4 1 38 ,55 3 83,792 54,761 2,161 7 8 7 ,5 4 5 642,211 5 28 ,27 3 4 09 ,45 3 1 18 ,82 0 1 13 ,93 8 1 45 ,33 4 1 43 ,14 7 86,802 5 6,3 45 2 ,18 7 8 12 ,80 1 6 60 ,1 49 5 51 ,12 0 4 28 ,1 57 1 22 ,96 2 1 09 ,03 0 152,651 1 50 ,30 7 9 1,3 09 5 8,9 98 2 ,34 4 8 7 6 ,7 0 6 714,611 5 88 ,28 3 4 55 ,30 6 132 ,97 8 126 ,32 8 162 ,09 5 159 ,52 7 95,475 64,052 2 ,568 9 1 1 ,7 4 9 743,611 6 21 ,93 0 4 86 ,7 52 1 35 ,17 8 121 ,68 0 168 ,13 9 165 ,49 5 99,628 65,867 2 ,644 9 5 6,2 0 4 1 ,0 1 3 ,3 6 2 7 81 ,93 0 832,431 6 56 ,32 3 6 99 ,6 94 515 ,98 2 5 50 ,27 2 140 ,34 2 1 49 ,42 2 1 32 ,73 7 125 ,60 7 174 ,27 4 180,93 2 171 ,54 3 1 78 ,08 8 102 ,39 4 1 05 ,21 8 6 9,1 50 7 2,8 70 2 ,73 1... 2 ,84 4 13 3 75 ,0 60 3 9 1 ,7 2 8 4 0 0,8 0 4 4 1 6 ,1 6 6 4 3 7 ,3 8 7 4 5 6 ,3 3 7 4 7 1 ,1 1 8 4 8 6 ,9 5 3 14 15 16 17 18 7 1 1 ,2 9 6 6 14 ,39 3 448 ,44 4 165 ,95 0 96,902 7 4 8 ,7 7 2 6 4 7,1 8 2 4 7 5,8 6 2 171 ,32 0 1 01 ,59 0 7 8 7 ,5 4 5 6 71 ,4 20 4 96 ,25 5 1 75 ,16 5 1 16 ,12 5 8 12 ,80 1 7 01 ,4 27 5 19 ,4 66 1 81 ,96 0 1 11 ,37 4 8 7 6 ,7 0 6 7 47 ,81 0 550,781 197,029 128 ,89 6 9 1 1 ,7 4 9 7 87 ,42 6 5 86 ,38 0 2 01 ,04 5 124 ,32 4 9 5 6,2 0 4 8 27 ,86 7 6 18 ,37 5 209,491 128,33 7 1 ,0 1 3 ,3 6 2 8 77 ,78 2 6 55 ,49 0 2 22 ,29 2 1 35 ,58 0 19 20 21 1 3 1 ,7 7 0 68,677 63,093 1 4 0 ,7 1 4 7 3,7 53 66,961 1 4 5 ,3 3 4 7 5,420 6 9,914 1 52 ,65 1 7 8,7 00 7 3,9 52 1 62 ,0 95 8 1,4 16 8 0,6 79 1 6 8 ,1 3 9 84,023 8 4,1 16 1 7 4 ,2 7 4 8 5,327 88,947 1 8 0 ,9 3 2 8 6,7 54 9 4,1 77 A ddenda: P riv a te a n d g o v e r n m e n t f ix e d a s s e ts N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e r n m e n t fix e d a s s e ts F e d e ra l S ta te a n d lo c a l Fixed Assets and Consumer Durable Goods in the United States, 1925-97 7 T a b le 1 . 4 . C h a in - T y p e Q u a n tity In d e x e s fo r D e p r e c ia t io n o f F ix e d A s s e ts a n d C o n s u m e r D u r a b le G o o d s [In d e x n u m b e rs , 1 9 9 6 =1 0 0] L ine F ixed a s s e t s a n d c o n s u m e r d u r a b le g o o d s F ix ed a s s e ts P r iv a t e N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l C o n s u m e r d u r a b le g o o d s 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 .. 1........ 5.85 6.22 6.46 6.75 7.07 7.35 7.38 7.25 6.97 6.83 6.76 6.85 7.05 2 .... 3 ...... 4 5 6 7 8 9 10 11 12 6.64 7.08 7.24 8.04 9.74 7.91 9 .4 5 7.58 8.82 7.91 4.92 24.48 14.27 3.63 3.67 1.09 12.26 7.82 9 .49 7.59 8.65 7.79 4 .89 23.72 13.68 3.47 3.51 1.04 11.73 7.53 9 /1 7 8.03 8.10 7.27 4.45 2 3.03 13.06 3.33 3.36 1.00 11.25 7.83 9 .0 4 8.23 5.15 2 5.20 14.81 3.82 3 .8 6 1.15 1 2.86 0 .0 0 .0 0 .0 0 .0 8 .53 5 .36 2 5.95 15.24 4 .03 4 .07 1.21 1 3.58 0.02 13 4.70 4.99 5.29 5.56 14 6.64 7.08 7.24 15 16 17 18 6.00 3.50 18.85 12.80 6.41 3 .84 1 9.47 13.41 6.54 3.87 2 0.15 13.99 19 20 21 3.33 3.47 1.74 6.32 1.69 6.78 7.51 8 .8 4 7.47 871 8 .4 4 5 .1 7 2 6.86 1 5.60 4 .6 8 4 .7 2 1.36 1 5.98 0 .1 5 8 .99 7 .96 4 .72 2 6.59 15.53 4 .83 4 .87 1.38 1 6.58 0 .18 7 .7 9 4 .6 0 2 6.32 1 5.48 4 .9 9 5 .0 4 1.44 1 7.08 0 .2 2 6.30 6.16 5.93 8.04 8.03 7.91 7.29 4 .34 2 2.25 1 5.19 7 .27 4 .25 2 2.73 1 5.29 7.14 4.10 2 2.9 6 1 5.30 4.03 4.24 4.47 1.60 8.45 1.59 9 .04 1.61 9.64 4.68 1.63 1 0.17 8.76 5.51 26.62 15.49 4 .24 4 .28 1.27 14.33 0 .07 9.66 8.67 5.38 26.91 15.60 4 .47 4 .52 1.32 15.19 0.11 5.90 6.22 7.53 7.82 6.81 4.05 2 0.83 14.51 7.07 4.22 2 1.56 1 4.94 3.63 3.82 1.65 7.29 1.62 7.84 7 .65 4 .4 8 26.11 15.51 5.23 5.28 1.56 1 7.66 0.29 8 .7 9 7.73 4.57 26.01 1 5.60 5 .5 0 5 .5 5 1.68 1 8.46 0 .63 7 .9 8 4.82 2 6.08 15.74 5.80 5.84 1.77 19.41 1.29 5 .74 5.64 5.69 5.84 7.59 7.51 7.47 7.58 7.83 6.81 3.78 2 2.98 1 5.23 6 .73 3 .6 9 2 2.98 15.19 6.68 3.63 2 3.06 15.21 6 .7 9 3 .7 2 2 3.28 15.31 7.04 3.92 2 3.67 1 5.46 4.83 1.69 1 0.49 4 .9 9 1.85 10.68 5.23 2.12 1 0.88 5.50 5.80 2 .40 11.19 2.63 11.62 A d d e n d a: P riv a te a n d g o v e r n m e n t fix ed a s s e t s N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t fix ed a s s e t s F e d e ra l S ta te a n d lo c a l L ine F ixed a s s e t s a n d c o n s u m e r d u r a b le g o o d s F ixed a s s e ts P r iv a t e N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l C o n s u m e r d u r a b le g o o d s 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1 7.22 7.28 7.51 8.07 8.84 9.97 11.56 13.2 9 14.05 14.16 1 4.49 13.73 14.47 2 ...... 3 4 5 6 7 8 9 10 ...... 11...... 12 8.05 8.10 8.32 9.00 10.71 13.00 16.31 19.90 20.65 20.22 19.85 17.58 1 7.84 9.26 8.20 5.03 2 6.16 15.88 6.11 6.16 1.90 20.33 1.88 9.22 8.14 4.97 2 6.15 16.07 6.47 6.52 2.06 2 1.34 2.29 9.42 8.32 5.14 2 6.22 16.35 6.86 6.90 2.25 2 2.30 3.29 9 .84 8 .74 5 .55 2 6.37 16.67 8 .75 8 .79 4 .0 9 2 3.62 5 .5 3 998 8.88 5.67 2 6.42 1 6.87 16.95 1 7.05 1 3.40 26.21 8.73 9.64 8.50 5.31 2 6.22 1 6.87 3 0.69 3 0.90 3 0.70 2 8.62 1 2.65 9.49 8.34 5.18 26.01 16.81 4 9.78 5 0.17 5 5.98 2 9.53 1 5.35 9 .66 8 .54 5 .4 0 2 5.96 16.74 6 9.80 7 0.40 8 2.96 2 9.8 7 1 5.95 1 0.25 9.18 6.04 2 6.23 17.01 7 1.38 7 1.99 8 5.12 2 9.79 1 6.82 1 0.86 9 .7 6 6.61 2 6.73 17.75 6 5.96 6 6.49 7 7.79 2 9.55 1 7.82 1 1.74 1 0.63 7 .4 9 2 7.27 18.67 5 9.52 5 9.97 68.92 2 9.63 18.23 1 2.54 1 1.40 8.27 27.81 1 9.60 42.21 4 2.46 4 5.00 3 0.00 1 8.95 1 3.30 12.12 8.97 28.39 20.62 3 9.97 4 0.18 4 1.69 3 0.63 2 0.00 13 5.93 6.01 6.24 6.63 6.24 6.03 5.74 5.51 6.20 6.88 7.97 8.92 10.17 14 15 16 17 18 8.05 8.10 8.32 9.00 10.71 13.00 16.31 19.90 20.65 20.22 19.85 17.58 17.84 7.27 4,10 24.04 15.61 7.30 4 .0 9 2 4.38 15.81 7.51 4.25 2 4.76 1 6.09 8 .22 4 .9 0 25.31 16.45 10.05 6 .67 26.24 16.71 1 2.54 9.24 2 6.96 1 6.79 16.18 1 3.20 2 7.14 16.78 2 0.1 7 1 7.65 2 7.22 1 6.72 2 0.98 1 8.53 2 7.37 17.01 20.41 1 7.84 2 7.62 17.75 19.88 17.15 28.01 18.66 17.23 14.02 2 8.4 9 1 9.59 17.40 1 4.09 2 9.09 20.61 19 20 21 6.11 2.87 12.09 6.47 .......3 .Ï1 1 2.69 6.86 3.44 13.22 8 .7 5 6 .4 5 13.50 16.95 30.69 4 9.78 8 3.06 1 3.14 71.38 124.36 12.82 65.96 113 .95 12.94 59.52 101 .39 1 3.24 39.97 4 6.79 1 3.37 69.80 121 .28 1 2.92 42.21 20.96 13.53 67.91 1 3.70 6 3.16 1 4.27 A ddenda: P r iv a te a n d g o v e r n m e n t f ix e d a s s e t s N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t fix e d a s s e t s F e d e ra l S ta te a n d lo c a l L in e F ixed a s s e t s a n d c o n s u m e r d u r a b le g o o d s F ixed a s s e t s P r iv a t e N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l C o n s u m e r d u r a b le g o o d s 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1 13.99 14.65 15.49 16.3 5 17.38 18.22 1 8.88 19.23 19.62 20.35 20.8 9 21.60 22.54 2 16.03 16.83 19.20 1 6.44 19.89 17.15 20.52 17.78 20.98 22.17 19.16 24.48 2 1.07 15.58 12.00 3 3.47 26.89 32.83 3 2.87 2 8.90 38.01 2 6.85 16.14 12.44 3 4.58 2 8.00 33.41 3 3.45 29.11 39.41 2 7.83 16.71 12.81 3 6.34 30.31 3 5.07 3 5.07 3 0.03 4 2.54 3 1.96 17.21 13.21 3 7.26 3 1.65 3 6.33 36.32 3 1.07 44.13 34.17 1 9.68 1 7.62 13.51 3 8.23 3 2.93 3 7.53 37.51 3 2.00 45.81 3 6.27 23.58 2 0.30 1 4.95 1 1.47 3 2.40 2 5.70 3 2.27 32.31 2 8.70 36766 2 6.27 1 8.20 1 6.47 1 2.66 3 5.5 3 2 9.08 3 4.02 3 4.04 2 9.29 4 0.9 4 29758 21.46 18.56 22.81 14.53 13.23 9 .9 7 2 9.82 2 2.62 2 7.62 2 7.65 24.01 3 2.57 23.01 17.70 15.11 18.49 14.02 12.79 9 .60 2 9.08 2 1.68 2 5.35 2 5.37 21.33 31.47 2 1-33 1 8.14 1 3.93 3 9.22 3 4.25 3 9.04 39.01 33.31 4 7.55 3 8.73 18.81 14.51 4 0.23 3 5.72 4 0.53 4 0.49 3 4,57 4 9.37 4 0.72 13 11.19 14 15 16 17 18 3 4 5 6 ............. 7 ....... 8 9 10 11 ...... 12 13.75 10.43 30.59 23.57 29.94 29.98 26.68 3 3.85 24.62 1 5.72 1 4.29 1 0.89 3 1.45 2 4.57 31.61 3 1.65 2 8.39 3 5.24 2 5.70 11.67 12.45 13.35 14.74 15.73 16.42 16.63 16.90 17.65 18.0 4 18.66 19.66 16.03 16.83 17.70 1 8.49 19.20 19.89 20.52 2 0.98 21.46 22.1 7 22.81 23.58 24.48 15.24 11.50 29.83 2 1 .68 16.02 12.22 3 0.68 2 2.63 16.87 13.01 31.61 2 3.60 1 7.63 1 3.67 32.65 18.29 14.22 3374 25.71 18.92 1 4.70 34.91 2 6.89 1 9.49 15.11 36.11 2 8.00 1 9.87 1 5.32 3 7.24 2 0.26 1 5.57 3 8.30 3 0.35 2 0.90 16.07 3 9.43 3 1.70 2 1.46 16.47 4 0.62 3 3.00 2 2.16 1 7.03 4 1.85 3 4.34 2 2.99 1 7.72 43.12 19 25.35 27.62 29.94 31.61 3 2.27 32.83 33.41 34.02 35.07 36.33 37.53 39.04 40.53 20 21 3 4.74 14.88 3 8.55 15.49 4 2.42 16.14 4 4 .8 9 16.92 4 5.33 17.81 4 5.55 18.74 4 5.72 1 9.79 4 5 .8 4 2 0.94 4 6.79 2 2.12 4 8.10 2 3.35 4 9.25 2 4.64 5 0.95 2 5.97 5 2.48 27.44 7 A d d en d a: P riv a te a n d g o v e r n m e n t fix e d a s s e ts N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v er n m e n t fixed a s s e ts F e d e ra l S ta te a n d lo c a l 2460 2909 35.81 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 8 T a b le 1 . 4 . C h a in -T y p e Q u a n tity In d e x e s f o r D e p r e c ia t io n o f F ix e d A s s e t s a n d C o n s u m e r D u r a b le G o o d s — C o n tin u e d [In d e x n u m b e rs , 1 9 96 = 1 0 0 ] L in e 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1 23.63 24.98 26.70 28.26 30.01 31.66 33.12 34.46 36.38 38.29 40.00 4 1.24 42.88 F ix ed a s s e t s 2 33.08 2 9.34 34.4 7 35.61 3 2.30 37.26 38.76 43.11 19.63 15.25 4 1.32 37.31 4 1.75 41.71 3 5.44 5 1.29 4 2.15 2 0.83 16.34 4 2.66 3 8.93 4 2.85 4 2.80 3 6.10 5 3.28 4 3.66 2 9.64 2 4.67 5 1.88 4 8.58 5 0.84 5 0.75 4 1.70 6 5.42 5 5.50 34.51 31.51 2 6.24 55.11 5 3.03 4 9.88 4 9.75 3 9.56 6 7.00 5 7.59 3 6.22 3 3.38 28.31 5 5.63 5 3.60 50.41 5 0.27 3 9.60 6 8.49 5 9.44 40.32 3 8.24 4 1.72 2 4 81 2 2.36 1 7.79 4 4.23 4 0.43 4 5.2 4 4 5.2 0 3 8.49 5 5.38 4 5.25 30.01 2 6.27 31.62 .......3 ...... 4 5 6 7 8 9 10 11 12 26.70 2 3.26 28.41 P r iv a t e 2 5.46 2 2.00 3 5.40 3 0.53 5 6.47 5 5.50 4 9.95 4 9.78 3 8.17 69.91 6 1.19 3 9.8 5 3 7.0 5 3 2.18 5 8.02 5 6.73 5 0.4 5 5 0.2 6 3 8.1 9 7 1.2 3 6 3.0 5 4 1.40 3 8.56 3 3.64 5 9.60 5 8.49 5 1.07 5 0.87 3 8.45 7 2.48 6 4.86 13 20.86 22.35 14 25.46 15 16 17 18 2 3.89 1 8.48 4 4.47 37.41 19 20 21 F ix ed a s s e t s a n d c o n s u m e r d u r a b le g o o d s N o n r e s id e n t ia l E q u ip m e n t a n d s o ftw a re S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n t ia l E q u ip m e n t a n d s o ftw a re S tru c tu re s R e s id e n tia l C o n s u m e r d u r a b le g o o d s 2 3.80 19.14 4 5.77 41.81 4 7.50 4 7.46 4 0.66 5 7.56 47.01 2 7.72 2 5.23 2 0.49 4 7.24 4 3.28 4 9.82 4 9.78 42.91 5 9.77 4 8.85 26.82 22.02 4 8.75 4 4.92 5 0.45 5 0.40 4 2.84 6 1.88 5 0.89 3 0 ”8 4 "' 2 8.28 2 3.40 5 0.29 4 6.55 5 1.23 5 1.17 4 3.08 6 3.74 5 3.20 24.0 7 25.54 27.49 29.39 30.9 5 3 2.58 34.91 37.51 39.4 6 40.40 42.50 26.70 28.41 2 5.08 19.52 4 6.02 3 9.02 2 6.79 2 1.13 4 7.76 4 0.53 30.01 31.62 33.08 34.4 7 35.61 37.26 38.76 40.3 2 41.72 43.11 2 8.39 22.61 49.51 41.91 3 0.00 2 4.12 51.21 4 3.39 3 1.43 25.41 5 2.92 4 5.04 3 2.78 2 6.63 5 4.55 4 6.68 33.81 2 7.5 0 5 6.1 7 4 8.72 3 5.13 2 8.47 5 8.84 5 3.12 3 6.72 3 0.19 5 9.68 53.71 3 8.23 3 1.79 60.71 5 5.62 3 9.65 3 3.16 6 2.18 5 6.85 4 0.97 3 4.44 6 3.64 58.61 4 1.75 42.85 5 3.38 2 9.09 53.92 3 0.87 4 5.24 47.50 49.82 50.45 51.23 50.84 49.88 50.41 49.95 5 0.45 51.07 56.78 3 2.77 5 9.30 3 4.76 61 91 3 6.79 61.33 3 8.79 61.16 4 0.64 5 8.87 4 2.3 0 5 5.63 4 3.88 5 5.22 4 5.50 5 2.78 4 7.17 5 2.19 4 8.7 7 52.01 5 0.22 A dden da: P r iv a te a n d g o v e r n m e n t fix e d a s s e t s N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e r n m e n t f ix e d a s s e t s F e d e ra l S ta te a n d lo c a l L in e 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1 45.02 47.44 4 9.95 51.80 53.50 55.17 57.16 60.04 63.94 67.65 7 1.05 74.22 78.47 F ix ed a s s e t s 2 44.81 46.95 49.62 51.87 54.03 56.23 58.32 60.98 64.65 67.72 7 0.66 73.51 77.50 P r iv a t e 3 4 5 6 4 3.35 4 0.47 3 5.59 6 1.23 6 0.53 51.66 51.45 38.72 73.64 6 6.40 4 5.80 4 2.94 3 8.19 6 2.93 62.71 5 2.35 52.13 39.11 74.85 67.77 4 8.82 4 5.95 4 1.10 6 6.27 6 5.69 5 3.34 5 3.12 3 9.89 7 6.19 69.01 5 1.25 4 8.50 4 3.65 6 8.72 6 7.36 54.71 5 4.49 4 1.24 7 7.54 7 0.38 5 3.55 50.91 4 5.99 7 1.38 68.81 56719' 5 5.96 4 2.86 7 8.75 7 2.07 5 5.88 53.31 4 7.98 75.49 70.60 5 7.78 57.55 44.78 79.72 73.83 5 7.98 5 5.48 5 0.00 78.31 7 2.23 5 9.78 5 9.55 4 7.38 8 0.55 7 5.68 6 0.64 5 8.35 5 3.09 8 0.15 7 3.48 6 2.48 6 2.26 5 0.98 8 1.49 7 7.57 64.35 6 2.00 56.84 8 3.25 7 7.46 6 5.98 6 5.78 5 5.70 .......8 2.65 7 9.49 6 7.24 6 5.25 6 0.28 85.60 78.06 69.91 69.73 61.05 84.00 81.68 6 9.96 6 8.00 6 3.20 8 7.51.... 8 0.61.... 73.81 7 3.66 6 6.39 8 5.45 8 3.99 7 2.66 7 0.73 6 6.12 8 9.32 8 3.0 8 7 7.3 8 7 7.2 4 7 1.23 8 6.92 86.21 76.62 7 4.29 69.75 92.53 8 9.33 8 1.52 81.42 7 5.97 9 0.16 88.18 13 45.4 4 48.36 50.57 51.68 52.51 53.12 54.93 58.23 62.59 67.52 7 1.84 75.63 80.40 14 44.81 46.95 49.62 51.87 54.03 56.23 58.32 60.98 64.65 67.72 70.66 73.51 77.50 15 16 17 18 4 2.63 36.11 65.10 60.65 4 4.75 3 8.35 6 6.65 62.81 4 7.38 4 0.92 6 9.37 6 5.76 4 9.70 4 3.27 7 1.48 6 7.42 51.94 4 5.50 7 3.67 68.88 5 4.18 4 7.48 76.81 7 0.66 5 6.32 4 9.59 79.01 7 2.30 5 9.16 5 2.77 8 0.56 7 3.56 62.78 56.68 83.04 77.50 66.18 60.45 8 5.07 7 8.13 6 9.16 6375 8 6.83 8 0.68 7 2.06 6 6.98 8 8.53 8 3.14 75.74 70.78 91.75 89.30 19 51.66 52.35 53.3 4 54.71 56.19 62.48 65.98 69.91 73.81 77.38 81.52 51.97 51.49 5 2.13 5 2.75 5 2.68 54.21 53.81 55.82 5 5.30 5 7.30 57.78 57.21 59.78 20 21 5 9.84 5 9.93 6 3.45 6 1.68 68.15 6 3.94 7 3.42 6 6.52 7 8.63 6 9.14 8 3.08 71 86 86.83 76.37 F ix ed a s s e t s a n d c o n s u m e r d u r a b le g o o d s N o n r e s id e n t ia l E q u ip m e n t a n d s o ftw a re S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n t ia l E q u ip m e n t a n d s o ftw a re S tru c tu re s R e s id e n tia l C o n s u m e r d u r a b le g o o d s .............. 7 ...... 8 9 10 11 12 A dden da: P r iv a te a n d g o v e r n m e n t f ix e d a s s e t s N o n r e s id e n t ia l E q u ip m e n t a n d s o ftw a re S tru c tu re s R e s id e n tia l G o v e r n m e n t f ix ed a s s e t s F e d e ra l S ta te a n d lo c a l L in e F ix ed a s s e t s a n d c o n s u m e r d u r a b le g o o d s F ix ed a s s e t s P r iv a t e N o n r e s id e n t ia l E q u ip m e n t a n d s o ftw a re S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n t ia l E q u ip m e n t a n d s o ftw a re S tru c tu re s R e s id e n tia l C o n su m er d u rab le g o o ds 1990 1991 1992 1993 1994 5 8.58 1995 1996 1997 1 80.84 83.40 86.4 4 88.33 93.03 95.70 100.00 105.51 2 79.45 86.35 95.40 100.00 105.80 12 7 8.35 76.60 7 2.50 9 2.90 8767 8 4.50 84.41 8 0.95 8 9.90 9 0.13 87.81 8 6.67 93.30 3 4 5 6 .... 7 ....... 8 9 10 82.28 8 0.98 8 5.16 8 2.04 9 7.24 94.71 9 2.99 9 2.95 91 63 9 4.94 9 5.63 9 2.63 9 0.05 8 7.06 1 01 .58 106 .54 9 6.36 96.31 9 4.17 9 9.63 9 9.68 9 4.97 9 4.22 9 2.94 99.04 9 8.99 9 7.34 9 7.32 9 6.75 9 8.19 9 8.60 100 .00 100 .00 100 .00 1 00 .00 100 .00 100 .00 100 .00 100 .00 1 00 .00 100 .00 106 .38 107 .10 108 .63 101 .67 102 .65 103 .19 103 .22 104.11 101 .93 101 .20 13 7 9.13 7 5.25 9 4.54 9 0.82 8 8.27 8 8.22 8 6.07 9 1.57 9 2.02 8 5.42 8 2.26 7 8.47 97.21 1 02 .82 90.61 9 0.56 88.81 93.28 93.85 83.59 85.61 86.62 89.36 92.49 96.29 100.00 104.93 79.45 82.28 86.35 87.81 100.00 105.80 8 0.97 7 7.00 9 3.56 9 0.84 8 3.95 8 0.16 95.91 102 .63 8 6.74 83.61 9 6.48 9 4.73 93.30 9 1.33 95.40 7 8.18 7 3.88 91.91 8 7.72 9 4.86 9 3.57 98.76 98.98 100.00 1 00 .00 1 00 .00 100 .00 106 .30 107 .88 101 .75 102 .62 19 84.50 88.27 90.61 92.99 97.34 100.00 103.19 20 21 9 0.47 7 8.72 94.51 82.24 9 5.84 8 5.55 9 7.26 8 8.84 98.73 96.00 1 00 .00 1 00 .00 101.81 104 .50 .. 11...... A d d en d a: P riv a te a n d g o v e r n m e n t fix e d a s s e ts N o n r e s id e n t ia l E q u ip m e n t a n d s o ftw a re S tru c tu re s R e s id e n tia l G o v e r n m e n t f ix e d a s s e t s F e d e ra l S ta te a r id lo c a l 14 ..............1 5 .... 16 ...... 1 7...... 18 8 8.23 100 .94 106 .39 96.3 6 .......9 8 l l 94767 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 9 T a b le 1 . 5 . H is t o r ic a l- C o s t In v e s t m e n t in F ix e d A s s e t s a n d C o n s u m e r D u r a b le G o o d s [M illio n s o f d o lla rs ] L in e F ix ed a s s e t s a n d c o n s u m e r d u r a b le g o o d s F ix ed a s s e ts P r iv a t e 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 1 2 3 2 ,7 9 4 3 ,2 4 1 3 ,4 8 8 3 ,3 2 4 3 ,9 4 9 4 ,5 1 9 4 ,7 9 7 4 ,0 1 1 4 ,7 3 1 4 ,9 8 5 4 ,7 6 2 5 ,3 6 3 5 ,5 3 9 4 1 ,9 5 7 2 ,4 3 3 2 ,6 4 5 2 ,3 7 8 2 ,5 2 4 3 ,0 5 9 3 ,4 8 2 2 ,6 8 8 3 ,1 5 1 3 ,6 5 2 3 ,4 5 8 3 ,9 2 8 4 ,1 1 9 E q u ip m e n t a n d s o f t w a r e 5 681 789 855 770 929 1 ,2 1 7 1 ,4 7 2 90 8 1 ,1 1 3 1 ,3 1 3 1 ,2 2 6 1 ,5 8 3 1 ,8 0 6 S tru c tu re s 6 1 ,2 7 6 1 ,6 4 4 1 ,7 9 0 1 ,6 0 8 1 ,5 9 5 1 ,8 4 2 2 ,0 1 0 1 ,7 8 0 2 ,0 3 8 2 ,3 3 9 2 ,2 3 2 2 ,3 4 5 2 ,3 1 3 7 837 808 843 946 1 ,4 2 5 1 ,4 6 0 1 ,3 1 5 1 ,3 2 3 1 ,5 8 0 1 ,3 3 3 1 ,3 0 4 1 ,4 3 5 1 ,4 2 0 287 N o n r e s id e n t ia l R e s id e n tia l G o v e rn m e n t N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l C o n s u m e r d u r a b le g o o d s 8 9 10 11 22 0 221 12 0 0 0 0 0 0 0 0 0 0 0 0 0 13 462 513 1,224 1,214 1,512 1,736 1,752 1,376 1,662 1,762 1 ,83 4 2,0 1 5 2,140 313 321 331 395 448 437 477 52 3 511 534 A ddenda: P r iv a te a n d g o v e r n m e n t f ix e d a s s e ts N o n r e s id e n tia l 14 15 E q u ip m e n t a n d s o f t w a r e 16 S tru c tu re s 17 1 ,4 9 6 1 ,8 6 5 2 ,0 7 7 1,92 1 1 ,9 1 6 2 ,1 7 3 2 ,4 0 5 2 ,2 2 8 2 ,4 7 5 2 ,8 1 6 2 ,7 5 5 2 ,8 5 6 2 ,8 4 7 18 837 80 8 843 946 1 ,4 2 5 1 ,4 6 0 1 ,3 1 5 1 ,3 2 3 1 ,5 8 0 1 ,3 3 3 1 ,3 0 4 1 ,4 3 5 1 ,4 2 0 R e s id e n tia l G o v e r n m e n t f ix e d a s s e t s 19 F e d e ra l 20 S ta te a n d lo c a l 21 L in e F ixed a s s e t s a n d c o n s u m e r d u r a b le g o o d s F ix ed a s s e t s P r iv a t e 1914 1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 1 7 ,175 7,173 9,281 12,099 16,345 16,392 18,130 15,929 17,434 22,227 2 2 ,6 0 9 24,904 26,316 2 5,250 5,269 6,800 9,136 12,415 10,858 11,502 9,920 11,847 15 ,07 9 15,327 16,966 17 ,86 5 3 4 ,6 3 0 4 ,4 8 3 6 ,0 3 3 6 ,9 4 9 7 ,4 5 2 8 ,6 2 7 1 0 ,0 4 6 8 ,3 1 6 1 0 ,0 6 9 1 3 ,3 4 1 1 3 ,2 6 2 1 4 ,6 4 0 1 5 ,5 3 3 4 3 ,2 3 9 2 ,9 8 6 4 ,3 9 5 5 ,7 5 6 6 ,6 6 9 6 ,7 9 7 8 ,3 7 9 6 ,0 5 3 6 ,5 5 9 8 ,7 3 5 8 ,0 0 0 8 ,9 5 9 9 ,8 0 0 E q u ip m e n t a n d s o f t w a r e 5 1 ,4 1 5 1 ,4 8 5 2 ,3 4 4 3 ,4 4 4 4 ,3 8 4 4 ,0 2 8 4 ,2 1 1 3 ,1 4 0 3 ,2 9 0 4 ,6 6 8 3 ,7 7 9 4 ,4 4 0 4 ,5 1 5 S tru c tu re s 6 1 ,8 2 4 1,50 1 2 ,0 5 1 2 ,3 1 2 2 ,2 8 5 2 ,7 6 9 4 ,1 6 8 2 ,9 1 3 3 ,2 6 9 4 ,0 6 7 4 ,2 2 1 4 ,5 1 9 5 ,2 8 5 7 1 ,3 9 1 1 ,4 9 7 1 ,6 3 8 1 ,1 9 3 783 1 ,8 3 0 1 ,6 6 7 2 ,2 6 3 3 ,5 1 0 4 ,6 0 6 5 ,2 6 2 5 ,6 8 1 8 620 786 767 2 ,1 8 7 4 ,9 6 3 2 ,2 3 1 1 ,4 5 6 1 ,6 0 4 1 ,7 7 8 1 ,7 3 8 2 ,0 6 5 2 ,3 2 6 2 ,3 3 2 9 620 786 767 2 ,1 8 7 4 ,9 6 3 2 ,2 3 1 1 ,4 5 6 1 ,6 0 4 1 ,7 7 8 1 ,7 3 8 2 ,0 6 5 2 ,3 2 6 2 ,3 3 2 N o n r e s id e n tia l R e s id e n tia l G o v e rn m e n t N o n r e s id e n tia l 5 ,7 3 3 E q u ip m e n t a n d s o f t w a r e 10 41 65 51 918 2 ,8 0 5 311 102 37 92 12 0 177 195 188 S tru c tu re s 11 579 721 716 1 ,2 6 9 2 ,1 5 8 1 ,9 2 0 1 ,3 5 4 1 ,5 6 7 1 ,6 8 6 1 ,6 1 8 1 ,8 8 8 2 ,1 3 1 2 ,1 4 4 12 0 0 0 0 0 0 0 0 0 0 0 0 0 13 1,9 2 5 1,904 2,481 2,963 3,9 3 0 5,534 6,628 6,009 5,587 7 ,148 7,2 8 2 7,938 8,451 14 5,250 5,269 6,800 9,136 12,415 10,858 11,502 9,920 11,847 15,079 15,327 16,966 17,865 15 3 ,8 5 9 3 ,7 7 2 5 ,1 6 2 7 ,9 4 3 1 1 ,6 3 2 9 ,0 2 8 9 ,8 3 5 7 ,6 5 7 8 ,3 3 7 1 0 ,4 7 3 1 0 ,0 6 5 1 1 ,2 8 5 1 2 ,1 3 2 E q u ip m e n t a n d s o f t w a r e 16 1 ,4 5 6 1 ,5 5 0 2 ,3 9 5 4 ,3 6 2 7 ,1 8 9 4 ,3 3 9 4 ,3 1 3 3 ,1 7 7 3 ,3 8 2 4 ,7 8 8 3 ,9 5 6 4 ,6 3 5 4 ,7 0 3 S tru c tu re s 17 2 ,4 0 3 2 ,2 2 2 2 ,7 6 7 3 ,5 8 1 4 ,4 4 3 4 ,6 8 9 5 ,5 2 2 4 ,4 8 0 4 ,9 5 5 5 ,6 8 5 6 ,1 0 9 6 ,6 5 0 7 ,4 2 9 18 1 ,3 9 1 1 ,4 9 7 1 ,6 3 8 1 ,1 9 3 783 1 ,8 3 0 1 ,6 6 7 2 ,2 6 3 3 ,5 1 0 4 ,6 0 6 5 ,2 6 2 5 ,6 8 1 5 ,7 3 3 2,332 R e s id e n tia l C on su m er d u rab le g ood s A d d e n d a: P r iv a te a n d g o v e r n m e n t fix ed a s s e ts N o n r e s id e n t ia l R e s id e n tia l G o v e r n m e n t fix e d a s s e ts 19 620 786 767 2 ,187 4,963 2,231 1,456 1,6 0 4 1,7 7 8 1 ,738 2,065 2,3 2 6 F e d e ra l 20 83 90 84 1 ,5 2 9 4 ,3 2 8 1 ,4 1 6 336 162 139 13 6 122 113 111 S ta te a n d lo c a l 21 537 696 683 65 8 635 815 1 ,1 2 0 1 ,4 4 2 1 ,6 3 9 1 ,6 0 2 1 ,9 4 3 2 ,2 1 3 2 ,2 2 1 L in e F ix ed a s s e t s a n d c o n s u m e r d u r a b l e g oo d s 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1 25,572 25,672 26,575 21,272 15,535 9,845 8,951 11,021 12,867 16,891 19,221 16,979 19,824 2 3 17,358 1 4 ,7 0 2 17,147 17,168 4,820 6,572 2 ,8 9 2 3 ,9 2 8 10,870 6 ,7 5 4 11,444 7 ,2 5 7 13,142 3,50 1 7,791 5 ,0 3 0 12,534 1 4 ,3 3 7 9,7 2 0 6 ,7 3 2 5,651 1 4 ,3 9 9 13,715 1 0 ,5 4 6 4 9 ,3 4 1 9 ,4 0 5 1 0 ,3 9 2 8 ,1 9 2 4 ,9 5 2 2 ,7 3 4 2 ,2 7 6 2 ,9 8 9 3 ,7 2 1 5 ,0 1 4 6 ,6 7 5 5 ,1 0 6 E q u ip m e n t a n d s o f t w a r e 5 4 ,0 6 6 4 ,2 4 6 4 ,9 0 5 3 ,7 3 3 2 ,3 1 9 1 ,3 2 9 1 ,1 7 1 1 ,7 4 2 2 ,2 7 4 3 ,1 2 5 3 ,9 9 6 2 ,9 6 5 3 ,2 8 3 S tru c tu re s 6 5 ,2 7 5 5 ,1 5 9 5 ,4 8 7 4 ,4 5 9 2 ,6 3 3 1 ,4 0 5 1 ,1 0 5 1 ,2 4 7 1 ,4 4 7 1 ,8 8 9 2 ,6 7 9 2 ,1 4 1 2 ,2 6 6 F ix ed a s s e ts P r iv a t e N o n r e s id e n t ia l R e s id e n tia l 7 5 ,3 6 1 4 ,9 9 4 3 ,9 4 5 2 ,3 5 4 1 ,7 8 0 767 616 8 ,7 5 7 8 ,6 2 3 5 ,5 4 9 939 1 ,3 0 9 1 ,7 4 0 2 ,0 8 2 2 ,1 5 1 3 ,0 7 4 8 2 ,6 5 6 2 ,7 4 8 2,83 1 3 ,1 6 9 2 ,9 8 8 2 ,1 5 0 1 ,9 2 8 2 ,6 4 4 2 ,7 6 1 4 ,1 1 6 3 ,7 7 7 4 ,1 8 7 4 ,5 1 9 9 2 ,6 5 6 2 ,7 4 8 2 ,8 2 5 3 ,1 6 4 2 ,9 8 4 2 ,1 4 6 1 ,9 2 5 2 ,6 4 0 2 ,7 4 9 4 ,0 4 9 3 ,6 7 6 4 ,1 4 6 4 ,4 4 8 E q u ip m e n t a n d s o f t w a r e 10 24 7 255 256 236 25 8 227 228 39 8 48 8 414 463 548 594 S tru c tu re s 11 2 ,4 0 9 2 ,4 9 3 2 ,5 6 9 2 ,9 2 8 2 ,7 2 6 1 ,9 1 9 1 ,6 9 7 2 ,2 4 2 2 ,2 6 1 3 ,6 3 5 3 ,2 1 3 3 ,5 9 8 3 ,8 5 4 12 0 0 6 5 4 4 3 4 12 67 101 41 71 13 8 ,214 8,525 9,407 7,557 5 ,815 4,1 9 4 4,131 4 ,449 5 ,076 6,021 6,687 5,535 6,6 8 2 14 17,358 17,147 17,168 13,715 9,720 5,651 4,820 6,572 7,791 10,870 12 ,53 4 11,444 13,142 15 1 1 ,9 9 7 1 2 ,1 5 3 1 3 ,2 1 7 1 1 ,3 5 6 7 ,9 3 6 4 ,8 8 0 4 ,2 0 1 5 ,6 2 9 6 ,4 7 0 9 ,0 6 3 1 0,3 5 1 9 ,2 5 2 9 ,9 9 7 E q u ip m e n t a n d s o ftw a re 16 4 ,3 1 3 4 ,5 0 1 5 ,1 6 1 3 ,9 6 9 2 ,5 7 7 1 ,5 5 6 1 ,3 9 9 2 ,1 4 0 2 ,7 6 2 3 ,5 3 9 4 ,4 5 9 3 ,5 1 3 3 ,8 7 7 S tru c tu re s 17 G o v e rn m e n t N o n r e s id e n t ia l R e s id e n tia l C o n su m er d u rab le g oo ds A ddenda: P r iv a te a n d g o v e r n m e n t fix e d a s s e t s N o n r e s id e n t ia l R e s id e n tia l G o v e rn m e n t fix ed a s s e t s 7 ,6 8 4 7 ,6 5 2 8 ,0 5 6 7 ,3 8 7 5 ,3 5 9 3 ,3 2 4 2 ,8 0 2 3 ,4 8 9 3 ,7 0 8 5 ,5 2 4 5 ,8 9 2 5 ,7 3 9 6 ,1 2 0 18 5 ,3 6 1 4 ,9 9 4 3 ,9 5 1 2 ,3 5 9 1 ,7 8 4 771 619 943 1,32 1 1 ,8 0 7 2 ,1 8 3 2 ,1 9 2 3 ,1 4 5 19 2,656 2,748 2,831 3,169 2 ,988 2,150 1,928 2,6 4 4 2,761 4,1 1 6 3 ,777 4,187 4,5 1 9 F e d e ra l 20 123 155 189 260 33 7 382 598 875 1 ,1 5 8 1 ,2 1 4 1 ,2 1 2 1 ,2 1 6 1 ,1 4 6 S ta te a n d lo c a l 21 2 ,5 3 3 2 ,5 9 3 2 ,6 4 2 2 ,9 0 9 2 ,6 5 1 1 ,7 6 8 1 ,3 3 0 1 ,7 6 9 1 ,6 0 3 2 ,9 0 2 2 ,5 6 5 2 ,9 7 1 3 ,3 7 3 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 10 T a b le 1 . 5 . H is t o r ic a l- C o s t In v e s t m e n t in F ix e d A s s e t s a n d C o n s u m e r D u r a b le G o o d s — C o n tin u e d [M illio n s o f d o lla rs ] Line 1940 1941 1942 1944 1943 1945 1946 1947 1948 1949 1950 1951 1952 1 22,755 33,085 43,426 51,965 51,667 43,879 42,343 57,661 70,245 72,674 86,116 96,364 101,612 2 14,902 23,416 45,514 8 ,7 8 6 36,576 1 2 ,3 7 7 48,753 4 1 ,7 5 4 57,525 3 8 ,9 8 1 4 7 ,7 5 2 67,108 4 9 ,5 7 1 71,960 2 4 ,6 5 6 39,034 3 4 ,4 6 1 48,677 1 2,6 7 1 45,939 6 ,8 8 9 28,142 1 0 ,5 3 2 37,044 8 ,5 4 4 4 6 ,9 4 4 8 ,4 9 7 6 ,2 5 5 5 ,3 9 6 7 ,3 8 7 1 0 ,6 4 9 1 6 ,7 0 3 2 2 ,2 2 8 2 5 ,8 9 4 2 4 ,1 0 1 2 7 ,0 2 6 3 0 ,9 5 3 3 0 .9 5 9 E q u ip m e n t a n d s o ftw a re 5 4 ,3 5 8 5 ,3 9 0 4 ,0 7 6 3 ,6 7 8 5 ,0 8 3 7 ,3 8 0 1 0 ,1 3 0 1 4 ,8 0 8 1 6 ,5 6 8 1 5 ,0 3 4 1 7 ,0 5 3 1 9 ,0 9 1 1 8 ,8 8 2 S tru c tu re s 6 2 ,5 8 6 3 ,1 0 7 2 ,1 7 9 1 ,7 1 8 2 ,3 0 4 3 ,2 6 9 6 ,5 7 3 7 ,4 2 0 9 ,3 2 6 9 ,0 6 7 9 ,9 7 3 1 1 ,8 6 2 1 2 ,0 7 7 7 3 ,5 8 8 4 ,1 7 4 2 ,2 8 9 1 ,4 9 3 1 ,3 9 9 1 ,7 2 8 7 ,9 5 3 1 2 ,2 3 3 1 5 ,8 6 0 1 4 ,8 8 0 2 0 ,7 2 6 1 8 ,6 1 8 1 8 ,7 3 4 8 4 ,3 7 0 1 0 ,7 4 5 2 8 ,5 0 0 3 9 ,0 5 0 3 6 ,7 2 8 2 4 ,1 9 9 3 ,4 8 6 4 ,5 7 3 6 ,9 9 9 9 ,6 9 6 9 ,7 7 3 1 7 ,5 3 7 2 2 .2 6 7 F ix e d a s s e ts an d c o n s u m e r d u ra b le goo d s F ix e d a ss ets P r iv a t e N o n r e s id e n t ia l R e s id e n tia l G o v e rn m e n t ...... 3 .......... 4 9 ,6 9 3 4 ,1 6 2 1 0 ,2 9 9 2 7 ,9 3 4 3 8 ,2 7 4 3 6 ,5 0 5 2 4 ,1 1 2 3 ,1 0 4 4 ,3 6 1 6 ,8 3 2 9 ,3 2 6 9 ,4 1 2 1 6 ,9 2 3 2 1 ,5 8 3 E q u ip m e n t a n d s o ftw a re 10 64 7 4 ,5 4 5 1 6 ,4 3 2 3 2 ,0 7 9 3 3 ,3 6 9 2 1 ,5 7 4 1 ,8 0 2 1 ,5 8 5 2 ,3 8 1 3 ,3 5 2 2 ,7 8 4 8 ,0 7 7 1 1 ,2 0 5 S tru c tu re s 11 3 ,5 1 5 5 ,7 5 4 1 1 ,5 0 2 6 ,1 9 5 3 ,1 3 6 2 ,5 3 8 1 ,3 0 2 2 ,7 7 6 4 ,4 5 1 5 ,9 7 4 6 ,6 2 8 8 ,8 4 6 1 0 ,3 7 8 12 208 44 6 566 776 22 3 87 382 212 167 37 0 361 614 68 4 13 7,853 9,6 6 9 6,382 6,026 6,153 7 ,303 14,201 18,626 21,493 23,997 28,591 29,256 29,652 14 14,902 23 ,4 1 6 37,044 45,939 45,514 36,576 28,142 39,034 48 ,75 3 48,677 5 7 ,5 2 5 67,108 71.960 15 1 1 ,1 0 6 1 8 ,7 9 6 3 4 ,1 8 9 4 3 ,6 7 0 4 3 ,8 9 2 3 4 ,7 6 1 1 9 ,8 0 7 2 6 ,5 9 0 3 2 ,7 2 6 3 3 ,4 2 8 3 6 ,4 3 8 4 7 ,8 7 6 5 2 ,5 4 2 3 5 ,7 5 7 3 8 ,4 5 2 2 8 ,9 5 4 1 1 ,9 3 2 1 6 ,3 9 3 1 8 ,9 4 9 1 8 ,3 8 6 1 9 ,8 3 7 2 7 ,1 6 8 3 0 ,0 8 7 2 2 ,4 5 5 N o n r e s id e n t ia l R e s id e n tia l C o n s u m e r d u ra b l e g o o d s 9 A ddenda: P riv a te a n d g o v e rn m e n t fix e d a s s e ts N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e 16 5 ,0 0 5 9 ,9 3 5 2 0 ,5 0 8 S tru c tu re s 17 6 ,1 0 1 8 ,8 6 1 1 3 ,6 8 1 7 ,9 1 3 5 ,4 4 0 5 ,8 0 7 7 ,8 7 5 1 0 ,1 9 6 1 3 ,7 7 7 1 5,0 4 1 1 6 ,6 0 1 2 0 ,7 0 8 18 3 ,7 9 6 4 ,6 2 0 2 ,8 5 5 2 ,2 6 9 1 ,6 2 2 1 ,8 1 5 8 ,3 3 5 1 2 ,4 4 5 1 6 ,0 2 7 1 5 ,2 5 0 2 1 ,0 8 7 1 9 ,2 3 2 1 9 ,4 1 8 19 4,370 10,745 39,050 36,728 24,199 3,486 4,573 6,999 9,696 9,773 17,537 22.267 3 8 ,1 8 1 3 6 ,0 2 9 2 3 ,3 9 2 1 ,9 0 6 1 ,7 3 5 2 ,9 8 1 4 ,3 5 6 3 ,9 1 3 1 0,5 7 1 1 4 ,9 4 6 869 699 80 7 1 ,5 8 0 2 ,8 3 8 4 ,0 1 8 5 ,3 4 0 5 ,8 6 0 6 ,9 6 6 7 ,3 2 1 R e s id e n tia l F e d e ra l 20 1 ,6 1 2 8 ,5 0 9 28,500 2 6 ,9 6 4 S ta te a n d lo c a l 21 2 ,7 5 8 2 ,2 3 6 1 ,5 3 6 G o v e rn m e n t fix e d a s s e ts 1953 1954 1956 1957 1958 1962 1963 1964 1965 1 108,985 108,795 119,989 125,821 132,117 128,055 142,978 143,755 144,978 1 5 9,284 169,372 183,209 202,637 F ix e d a s s e ts 2 77,079 76 ,7 2 0 83,267 89,020 92,255 89,199 101,839 101,717 104,206 112,856 118,943 129,394 141.694 P r iv a t e 3 5 3 ,2 8 0 5 4 ,2 3 4 6 2 ,0 4 0 6 6 ,0 1 9 6 7 ,8 9 5 6 2 ,7 4 8 7 2 ,5 2 9 7 3 ,4 7 5 7 2 ,9 7 3 7 9 ,6 2 1 8 5 ,3 0 1 9 4 ,7 6 1 1 0 6 ,0 9 6 4 3 3 ,7 6 1 3 3 ,0 5 5 3 7 ,0 0 6 4 2 ,4 2 8 4 5 ,7 1 4 4 0 ,4 0 0 4 4 ,4 2 1 4 7 ,1 9 0 4 6 ,5 7 1 5 0 ,6 4 4 5 3 ,1 6 4 6 0 ,4 8 7 7 1 ,8 7 9 5 2 0 ,3 6 6 1 9 ,2 8 9 2 1 ,9 6 2 2 4 ,3 7 2 2 6 ,8 9 5 2 3 ,0 2 1 2 6 ,3 7 2 2 7 ,8 0 2 2 6 ,9 8 0 3 0 ,0 8 9 3 2 ,3 2 2 3 7 ,1 2 2 4 4 ,1 0 5 1 8 ,0 4 9 1 9 ,3 8 8 1 9,5 9 1 2 0 ,5 5 5 2 0 ,8 4 2 2 3 ,3 6 5 2 7 ,7 7 4 Line F ix e d a s s e ts a n d c o n s u m e r d u ra b le go o d s N o n r e s id e n t ia l E q u ip m e n t a n d s o ftw a re S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n t ia l 1955 ........ 1 7 ,3 7 9 1961 6 1 3 ,3 9 5 1 3 ,7 6 6 1 5 ,0 4 4 1 8 ,0 5 6 1 8 ,8 1 9 1 9 ,5 1 9 2 1 ,1 7 9 2 5 ,0 3 4 2 3 ,5 9 1 2 2,1 8 1 2 2 ,3 4 8 2 8 ,1 0 8 2 6 ,2 8 5 2 6 ,4 0 2 2 8 ,9 7 7 3 2 ,1 3 7 3 4 ,2 7 4 3 4 ,2 1 7 8 2 3 ,7 9 9 2 2 ,4 8 6 2 1 ,2 2 7 2 3 ,0 0 1 2 4 ,3 6 0 2 6 ,4 5 1 2 9 ,3 1 0 2 8 ,2 4 3 3 1 ,2 3 2 3 3 ,2 3 5 3 3 ,6 4 2 3 4 ,6 3 2 3 5 .5 9 8 9 2 3 ,2 0 7 2 2 ,1 1 4 2 0 ,9 1 6 2 2 ,6 5 9 2 3 ,8 0 2 2 5 ,5 5 3 2 8 ,3 0 0 2 7 ,4 4 2 3 0 ,2 8 6 3 2 ,1 7 9 3 3 ,0 0 1 3 3 ,9 4 6 3 4 ,8 5 8 1 2 ,4 4 5 1 1 ,6 6 8 1 3 ,3 1 4 1 4 ,6 5 3 1 3 ,7 1 1 1 3 ,5 7 0 1 2 ,7 1 6 1 5 ,8 5 5 1 5 ,7 7 4 1 6 ,9 7 2 1 7 ,5 2 6 1 9 ,2 9 0 2 0 ,3 7 6 2 2 ,1 4 2 E q u ip m e n t a n d s o ftw a re 10 1 2 ,3 3 2 1 0 ,4 0 0 8 ,9 6 4 9 ,5 1 1 9 ,5 0 3 S tru c tu re s 11 1 0 ,8 7 5 1 1 ,7 1 4 1 1 ,9 5 2 1 3 ,1 4 8 1 4 ,2 9 9 1 5 ,5 7 5 R e s id e n tia l 1960 7 9 ,9 7 8 C o n s u m e r d u ra b le g o o d s 1959 12 592 372 311 342 558 898 1 ,0 1 0 801 946 1 ,0 5 6 641 686 74 0 13 31,906 3 2 ,0 7 5 36,721 36,801 39,862 38,855 41,139 42,037 40,772 46,428 50 ,42 9 53,815 60,943 14 77,079 7 6 ,7 2 0 83,267 89,020 92,255 89,199 101,839 101,717 104,206 112,856 118,943 129,394 141.694 15 5 6 ,9 6 8 5 5 ,1 6 8 5 7 ,9 2 2 6 5 ,0 8 8 6 9 ,5 1 6 6 5 ,9 5 3 7 2 ,7 2 1 7 4 ,6 3 1 7 6 ,8 5 8 8 2 ,8 2 3 8 6 ,1 6 5 9 4 ,4 3 4 1 0 6 ,7 3 7 3 6 ,3 9 8 3 2 ,9 9 9 3 8 ,8 1 7 3 9 ,4 6 9 4 0 ,2 9 5 4 4 ,7 4 2 4 6 ,0 3 3 5 0 ,6 9 3 5 6 ,8 2 1 4 9 ,9 1 6 A ddenda: P riv a te an d g o v e rn m e n t fix e d a s s ets N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e 16 3 2 ,6 9 8 2 9 ,6 8 9 3 0 ,9 2 6 3 3 ,8 8 3 S tru c tu re s 17 2 4 ,2 7 0 2 5 ,4 8 0 2 6 ,9 9 6 3 1 ,2 0 4 3 3 ,1 1 8 3 2 ,9 5 4 3 3 ,9 0 4 3 5 ,1 6 2 3 6 ,5 6 3 3 8 ,0 8 1 4 0 ,1 3 2 4 3 ,7 4 1 18 2 0 ,1 1 1 2 1 ,5 5 1 2 5 ,3 4 5 2 3 ,9 3 3 2 2 ,7 3 9 2 3 ,2 4 6 2 9 ,1 1 8 2 7 ,0 8 6 2 7 ,3 4 8 3 0 ,0 3 3 3 2 ,7 7 8 3 4 ,9 6 0 3 4 ,9 5 7 23,799 22,486 21,227 23,001 24,360 26,451 29,310 28,243 33 ,64 2 34,632 35.598 1 5 ,8 9 0 1 3 ,2 9 3 1 1 ,1 9 4 1 1 ,7 4 3 1 1 ,8 4 2 1 2 ,9 2 1 1 5 ,3 8 9 1 4 ,3 1 9 31,232 1 6 ,1 8 4 33,235 F e d e ra l 19 20 1 7 ,3 6 6 1 6 ,1 2 8 1 5 ,6 4 3 1 4 ,7 5 1 S ta te a n d lo c a l 21 7 .9 0 9 9 ,1 9 3 1 0 ,0 3 3 1 1 ,2 5 8 1 2 ,5 1 8 1 3 ,5 3 0 1 3,9 2 1 1 3 ,9 2 4 1 5 ,0 4 8 1 5 ,8 6 9 1 7 ,5 1 4 1 8 ,9 8 9 2 0 ,8 4 7 R e s id e n tia l G o v e rn m e n t fix e d a s s e ts 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1........~ 217,788 226,513 253,560 269,260 273,133 302,925 345,693 391,842 409,650 4 2 6,428 484,863 570,686 673,700 F ix e d a s s e ts 2 153,859 173,534 188,053 1 9 0,484 274,188 1 1 3 ,4 7 0 1 2 8 ,9 8 3 1 4 3 ,7 6 0 1 4 5 ,9 5 5 1 9 4 ,6 9 2 2 2 4 ,9 0 1 289,237 2 3 2 ,0 1 7 297,076 2 3 3 ,0 3 3 335,622 3 208,901 1 6 5 ,3 4 9 240,780 P r iv a t e 1 5 8,575 1 1 4 ,7 9 7 2 6 9 ,9 5 0 400,176 3 3 3 ,5 2 4 479.554 4 0 3 ,8 1 4 Line F ix e d a s s e ts a n d c o n s u m e r d u ra b le g o o d s N o n r e s id e n t ia l E q u ip m e n t a n d s o ftw a re S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n t ia l 4 8 1 ,1 8 3 8 2 ,4 4 0 9 0 ,2 6 3 1 0 1 ,1 3 9 1 0 4 ,5 9 0 1 0 9 ,5 8 5 1 2 5 ,0 2 8 1 4 9 ,5 5 5 1 6 6 ,0 5 5 1 7 0 ,3 0 3 1 8 7 ,4 6 7 2 2 3 ,2 2 7 2 7 2 ,1 9 6 5 5 0 ,8 8 4 5 1 ,8 4 5 5 7 ,6 6 7 6 4 ,3 9 8 6 5 ,6 1 4 6 8 ,3 0 9 7 9 ,1 6 1 9 6 ,2 1 6 1 0 7 ,3 6 3 1 1 0 ,6 2 8 1 2 4 ,5 0 0 1 5 1 ,9 6 0 1 8 4 ,9 8 8 7 1 ,2 6 7 8 7 ,2 0 8 1 1 0 ,2 9 7 1 3 1 ,6 1 8 6 6 ,6 5 2 7 5 .7 4 0 3 0 ,2 9 9 3 0 ,5 9 5 3 2 ,5 9 6 3 6 ,7 4 1 3 8 ,9 7 6 4 1 ,2 7 6 4 5 ,8 6 7 5 3 ,3 3 9 5 8 ,6 9 2 5 9 ,6 7 5 6 2 ,9 6 7 ..... 7 ............ 3 2 ,2 8 7 3 2 ,3 5 7 3 8 ,7 2 0 4 2 ,6 2 1 4 1 ,3 6 5 5 5 ,7 6 4 6 9 ,6 6 4 7 5 ,3 4 6 6 5 ,9 6 2 6 2 ,7 3 0 8 2 ,4 8 3 8 4 0 ,3 8 9 4 3 ,7 7 7 4 4 ,5 5 1 4 4 ,2 9 3 4 4 ,5 3 0 4 3 ,5 5 2 4 6 ,0 8 8 4 9 ,2 8 7 5 7 ,2 2 0 6 4 ,0 4 3 6 5 ,6 7 2 9 3 9 ,5 7 6 4 2 ,8 7 3 4 3 ,6 1 4 4 3 ,0 5 5 4 3 ,2 1 8 4 2 ,1 8 6 4 4 ,8 0 5 4 7 ,8 9 9 5 5 ,7 5 8 6 2 ,2 2 7 6 4 ,0 2 5 6 4 ,8 5 5 2 3 ,2 1 9 2 5 ,5 7 7 4 1 ,6 3 6 4 8 ,3 4 6 6 E q u ip m e n t a n d s o f t w a r e 10 1 5 ,2 7 7 1 7 ,3 3 3 1 6 ,1 1 8 1 5 ,4 7 6 S tru c tu re s 11 2 4 ,2 9 9 2 5 ,5 4 0 2 7 ,4 9 6 2 7 ,5 7 9 R e s id e n tia l C o n s u m e r d u ra b le go o d s 1 5 ,5 9 6 2 7 ,6 2 2 1 2 ,7 1 8 14 ,7 2 1 1 5 ,0 6 9 1 7 ,1 2 9 1 9 ,9 9 2 2 1 ,5 1 7 2 9 ,4 6 8 3 0 ,0 8 4 3 2 ,8 2 9 3 8 ,6 2 9 4 2 ,2 3 5 4 2 ,5 0 8 7 3 ,9 2 3 12 813 904 937 1 ,2 3 8 1 ,3 1 2 1 ,3 6 6 1 ,2 8 3 1 ,3 8 8 1 ,4 6 2 1 ,8 1 6 1 ,6 4 7 1 ,7 9 7 1 ,8 1 7 13 63,929 67,938 80,026 81,208 82,649 94,024 104,913 117,654 120,413 129,352 149,241 170,510 194,146 14 153,859 158,575 173,534 188,053 190,484 208,901 240,780 274,188 289,237 297,076 335,622 400,176 4 7 9.554 15 1 2 0 ,7 5 9 1 2 5 ,3 1 4 1 3 3 ,8 7 7 1 4 4 ,1 9 4 1 4 7 ,8 0 7 1 5 1 ,7 7 1 1 6 9 ,8 3 3 1 9 7 ,4 5 4 2 2 1 ,8 1 3 2 3 2 ,5 3 0 2 5 1 ,4 9 2 2 8 8 ,0 8 2 3 4 6 ,1 1 9 1 3 0 ,6 2 0 1 4 6 ,0 1 8 1 7 5 ,1 7 9 2 1 0 ,5 6 6 A ddenda: P riv a te a n d g o v e rn m e n t fix e d a s s e ts N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e 16 6 6 ,1 6 1 6 9 ,1 7 9 7 3 ,7 8 5 7 9 ,8 7 4 8 1 ,2 0 9 8 1 ,0 2 7 9 3 ,8 8 2 1 1 1 ,2 8 6 1 2 4 ,4 9 2 S tru c tu re s 17 5 4 ,5 9 8 5 6 ,1 3 5 6 0 ,0 9 2 6 4 ,3 2 0 6 6 ,5 9 8 7 0 ,7 4 4 7 5 ,9 5 1 8 6 ,1 6 8 9 7,3 2 1 1 0 1 ,9 1 0 1 0 5 ,4 7 5 1 1 2 ,9 0 3 1 3 5 .5 5 4 18 3 3 ,1 0 0 3 3 ,2 6 1 3 9 ,6 5 7 4 3 ,8 5 9 4 2 ,6 7 7 5 7 ,1 3 0 7 0 ,9 4 7 7 6 ,7 3 4 6 7 ,4 2 4 6 4 ,5 4 6 8 4 ,1 3 0 1 1 2 ,0 9 4 1 3 3 ,4 3 5 19 40,389 43,777 44,551 44,293 44,530 43,552 46,088 49,287 57,220 64,043 65,672 66,652 75.740 20 1 7,2 7 1 1 8 ,4 6 8 1 6 ,8 8 3 1 5 ,9 9 2 15 ,7 8 1 1 3 ,4 8 9 1 5 ,4 4 6 1 6 ,0 6 9 1 7 ,5 8 4 2 0 ,4 5 4 2 1 ,8 3 4 2 3 ,8 6 3 2 6 ,2 6 1 3 0 ,0 6 3 3 0 ,6 4 2 3 3 ,2 1 7 3 9 ,6 3 6 4 3 ,5 8 9 4 3 ,8 3 8 4 2 ,7 8 9 4 9 ,4 7 9 R e s id e n tia l G o v e rn m e n t fix e d a s s e ts F e d e ra l S t a t e a n d lo c a l 21 2 3 ,1 1 8 2 5 ,3 0 9 2 7 ,6 6 8 2 8,3 0 1 2 8 ,7 4 9 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 11 T a b le 1 . 5 . H is t o r ic a l- C o s t In v e s t m e n t in F ix e d A s s e t s a n d C o n s u m e r D u r a b le G o o d s — C o n tin u e d [M illio n s o f d o lla rs ] L in e x ed a s s e t s a n d c o n s u m e r d u r a b l e g o o d s F ix ed a s s e ts 1979 1980 1981 1982 1983 1 761,061 7 8 1,290 863,499 862,949 948,461 1,108,571 1,2 1 7 ,8 8 4 1 ,299,273 1 ,348,530 1,4 0 9 ,2 4 6 1,5 0 0 ,00 2 1,5 1 6 ,11 5 1,455,963 2 1,014,418 7 9 4 ,5 1 7 1984 1985 1986 1987 1988 1989 1990 1991 552,930 4 6 5 ,8 5 9 574,230 637,017 794,225 862,003 901,318 926,423 972,288 1,0 2 8 ,78 6 1 ,052,909 4 7 5 ,4 8 7 5 3 0 ,6 0 0 629,263 5 1 7 ,2 1 3 678,677 3 5 5 6 ,5 8 2 6 5 5 ,6 0 1 7 0 4 ,2 3 9 7 2 8 ,9 9 6 7 4 3 ,1 1 8 7 8 7 ,0 3 6 4 8 3 1 ,6 8 7 8 3 7 ,7 9 0 3 2 4 ,8 2 8 3 5 2 ,2 3 9 4 0 7 ,9 6 2 4 1 1 ,5 3 3 4 0 4 ,0 4 2 4 7 5 ,8 0 6 5 1 7 ,2 9 7 5 1 0 ,8 7 4 5 1 5 ,5 4 4 E q u ip m e n t a n d s o f t w a r e 5 5 3 ,2 7 8 5 9 4 ,3 5 9 5 6 1 5 ,7 4 6 6 0 0 ,8 7 1 2 1 5 ,2 6 2 2 2 4 ,0 6 6 2 5 0 ,4 5 9 2 4 4 ,1 5 3 2 5 8 ,1 3 2 3 0 4 ,2 7 4 3 2 4 ,0 2 2 S tru c tu re s 3 3 6 ,7 9 8 3 4 0 ,7 5 9 3 7 2 ,9 1 9 6 4 0 4 ,0 2 0 4 1 1 ,9 0 2 1 0 9 ,5 6 6 4 2 1 ,3 6 6 1 2 8 ,1 7 3 1 5 7 ,5 0 3 1 6 7 ,3 8 0 1 4 5 ,9 1 0 1 7 1 ,5 3 2 1 9 3 ,2 7 5 1 7 4 ,0 7 6 1 7 4 ,7 8 5 1 8 0 ,3 5 9 1 9 0 ,3 3 9 2 0 3 ,8 4 4 7 1 4 1 ,0 3 1 1 7 9 ,5 0 5 1 2 3 ,2 4 8 1 2 2 ,6 3 8 1 0 5 ,6 8 0 1 5 2 ,5 4 0 1 7 9 ,7 9 5 1 8 6 ,9 4 2 2 1 8 ,1 2 2 2 2 7 ,5 7 4 2 3 3 ,7 5 8 2 3 7 ,3 2 8 2 2 2 ,0 4 4 8 1 9 3 ,6 4 6 8 7 ,0 7 2 9 8 ,7 4 3 1 0 6 ,4 1 7 1 1 2 ,0 4 9 1 2 2 ,0 9 6 1 3 8 ,6 2 4 1 5 7 ,7 6 4 N o n r e s id e n t ia l R e s id e n tia l G o v e rn m e n t 1 7 2 ,3 2 2 1 8 3 ,3 0 5 1 8 5 ,2 5 3 1 9 7 ,0 9 9 9 2 1 5 ,1 1 9 8 4 ,9 2 9 9 6 ,0 3 9 2 1 9 ,9 0 1 1 0 3 ,1 8 7 1 0 8 ,7 2 8 1 1 8 ,2 5 3 1 3 4 ,8 6 2 1 5 3 ,4 1 2 1 6 7 ,8 2 8 E q u ip m e n t a n d s o f t w a r e 1 7 8 ,3 9 5 1 8 0 ,3 8 1 1 9 2 ,1 7 2 10 2 0 9 ,6 6 4 3 0 ,6 6 0 3 4 ,9 4 5 2 1 4 ,8 5 0 4 0 ,5 2 6 4 7 ,3 3 2 5 7 ,1 2 9 6 6 ,8 4 7 7 7 ,6 8 6 8 4 ,2 3 8 8 8 ,7 7 2 S tru c tu re s 8 7 ,1 5 2 9 5 ,7 0 4 11 1 0 3 ,1 3 2 1 0 3 ,3 2 1 5 4 ,2 6 8 6 1 ,0 9 4 6 2 ,6 6 0 6 1 ,3 9 6 6 1 ,1 2 3 6 8 ,0 1 6 7 5 ,7 2 6 8 3,5 9 1 8 9 ,6 2 3 9 3 ,2 2 8 9 6 ,4 6 8 12 2 ,1 4 3 2 ,7 0 4 1 0 6 ,5 3 3 1 1 1 ,5 2 9 3 ,2 3 0 3 ,3 2 1 3 ,8 4 3 3 ,7 6 2 4 ,3 5 2 4 ,4 9 4 4 ,9 1 0 4 ,8 7 2 4 ,9 2 7 5 ,4 5 5 5 ,0 5 1 13 208,131 207,060 226,482 233,687 269,784 314,346 355,881 3 9 7,954 4 2 2,107 4 3 6,958 471,216 463,206 441,545 14 552,930 574,230 637,017 629,263 678,677 7 9 4,225 862,003 9 7 2,288 1,0 2 8 ,7 8 6 1,0 5 2 ,90 9 4 0 9 ,7 5 6 1,01 4 ,41 8 4 4 8 ,2 7 8 5 1 1 ,1 4 9 5 2 0 ,2 6 2 5 2 2 ,2 9 4 6 1 0 ,6 6 8 6 7 0 ,7 0 9 901,318 6 7 8 ,7 0 2 926,423 15 E q u ip m e n t a n d s o f t w a r e 6 9 3 ,9 3 9 7 3 3 ,6 5 8 7 8 6 ,5 3 1 16 8 2 5 ,4 1 0 8 1 5 ,7 2 1 2 4 5 ,9 2 2 2 5 9 ,0 1 1 2 9 0 ,9 8 5 2 9 1 ,4 8 6 3 1 5 ,2 6 1 3 7 1 ,1 2 0 4 0 1 ,7 0 8 S tru c tu re s 4 2 1 ,0 3 6 4 2 9 ,5 3 1 4 6 0 ,0 7 1 17 4 9 9 ,7 2 4 1 6 3 ,8 3 4 1 8 9 ,2 6 7 5 1 5 ,0 3 3 5 2 4 ,6 8 7 2 9 1 ,0 3 4 N o n r e s id e n t ia l R e s id e n tia l C o n s u m e r d u r a b le g oo d s A ddenda: P riv a te a n d g o v e r n m e n t fix e d a s s e t s N o n r e s id e n t ia l 2 2 0 ,1 6 3 2 2 8 ,7 7 6 2 0 7 ,0 3 3 2 3 9 ,5 4 8 2 6 9 ,0 0 1 2 5 7 ,6 6 6 2 6 4 ,4 0 8 2 7 3 ,5 8 7 2 8 6 ,8 0 7 18 1 4 3 ,1 7 4 1 2 5 ,9 5 2 3 1 0 ,3 7 6 1 2 5 ,8 6 8 1 0 9 ,0 0 1 1 5 6 ,3 8 3 1 8 3 ,5 5 7 1 9 1 ,2 9 4 2 2 2 ,6 1 6 2 3 2 ,4 8 4 2 3 8 ,6 3 0 2 4 2 ,2 5 5 2 2 7 ,4 9 9 1 9 8 ,6 9 7 19 87,072 98,743 106,417 112,049 122,096 1 3 8,624 157,764 172,322 F e d e ra l 183,305 1 8 5,253 197,099 20 215,119 3 0 ,2 3 7 3 4,7 7 1 219,901 4 1 ,4 6 0 4 7 ,2 2 2 5 5 ,6 4 7 6 3 ,6 4 9 7 3 ,3 8 0 7 9 ,5 1 3 S ta te a n d lo c a l 8 4 ,8 5 6 7 8 ,9 4 8 8 2 ,3 9 0 8 7 ,8 8 3 21 5 6 ,8 3 4 8 7 ,8 4 9 6 3 ,9 7 2 6 4 ,9 5 6 6 4 ,8 2 7 6 6 ,4 4 8 7 4 ,9 7 6 8 4 ,3 8 4 9 2 ,8 1 0 9 8 ,4 4 9 1 0 6 ,3 0 4 1 1 4 ,7 0 9 1 2 7 ,2 3 7 1 3 2 ,0 5 2 R e s id e n tia l G o v e r n m e n t f ix e d a s s e t s L in e F ix ed a s s e t s a n d c o n s u m e r d u r a b le g o o d s F ix ed a s s e ts P r iv a te 1992 1993 1994 1995 1996 1997 1 1 ,549,169 1 ,6 7 8 ,7 6 7 1,802,981 1,9 2 4 ,3 8 6 2,0 5 4 ,62 3 2,2 2 1 ,5 2 2 2 1,0 6 3 ,4 0 8 1 ,1 4 4 ,8 4 6 1,245,008 1,3 3 1 ,1 3 6 1,455,191 1,5 7 0 ,0 5 5 3 8 4 1 ,6 3 7 9 2 5 ,2 9 6 1 , 0 2 0 ,0 5 4 1 , 0 9 1 ,4 6 0 1 , 1 9 7 ,8 2 2 1 , 3 0 5 ,2 5 1 4 6 1 1 ,6 6 0 6 6 8 ,3 2 5 7 2 9 ,7 9 9 8 0 8 ,8 9 2 8 8 2 ,8 0 4 E q u ip m e n t a n d s o ftw a r e 5 4 4 6 ,4 3 6 4 9 1 ,8 9 0 5 4 8 ,3 0 9 6 0 6 ,2 7 2 6 5 6 ,3 5 7 7 1 9 ,7 5 1 S tru c tu re s 6 1 6 5 ,2 2 4 1 7 6 ,4 3 5 2 5 6 ,9 7 1 1 8 1 ,4 9 0 2 0 2 ,6 2 0 2 2 6 ,4 4 7 2 5 7 ,2 4 4 N o n r e s id e n t ia l R e s id e n tia l G o v e rn m e n t N o n r e s id e n t ia l 7 2 2 9 ,9 7 7 9 7 6 ,9 9 5 2 9 0 ,2 5 4 2 8 2 ,5 6 8 8 2 2 1 ,7 7 1 2 1 9 ,5 4 9 2 2 4 ,9 5 4 2 3 9 ,6 7 6 2 5 7 ,3 6 9 2 6 4 ,8 0 4 9 2 1 6 ,4 1 6 2 1 4 ,3 7 1 2 1 9 ,9 5 0 2 3 3 ,9 6 3 2 5 2 ,3 3 9 2 5 9 ,5 6 0 1 0 9 ,9 1 7 3 1 5 ,0 1 9 3 2 8 ,2 5 5 E q u ip m e n t a n d s o f t w a r e 10 1 0 3 ,3 6 2 1 0 0 ,0 9 2 1 0 0 ,6 2 6 1 0 3 ,7 7 6 1 0 9 ,8 1 5 S tru c tu re s 11 1 1 3 ,0 5 5 1 1 4 ,2 7 9 1 1 9 ,3 2 4 1 3 0 ,1 8 7 1 4 2 ,5 2 4 12 5 ,3 5 5 5 ,1 7 8 5 ,0 0 4 5 ,7 1 3 5 ,0 3 0 5 ,2 4 4 13 485,761 533,922 557,974 593,250 599,432 651,467 R e s id e n tia l C o n s u m e r d u r a b le g o o d s 1 4 9 ,6 4 3 A d d e n d a: P riv a te a n d g o v e r n m e n t fix ed a s s e t s N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e r n m e n t f ix e d a s s e t s 14 1,0 6 3 ,4 0 8 1,1 4 4 ,8 4 6 1 ,245,008 1,3 3 1 ,1 3 6 1,455,191 1,5 7 0 ,05 5 15 8 2 8 ,0 7 6 8 8 2 ,6 9 6 9 4 9 ,7 4 9 1 , 0 4 2 ,8 5 5 1 , 1 3 5 ,1 4 2 1 , 2 3 6 ,5 5 5 16 5 4 9 ,7 9 7 5 9 1 ,9 8 2 6 4 8 ,9 3 5 7 1 0 ,0 4 8 7 6 6 ,1 7 1 8 2 9 ,6 6 8 4 0 6 ,8 8 7 17 2 7 8 ,2 7 8 2 9 0 ,7 1 4 3 0 0 ,8 1 4 3 3 2 ,8 0 7 3 6 8 ,9 7 1 18 2 3 5 ,3 3 2 2 6 2 ,1 4 9 2 9 5 ,2 5 8 2 8 8 ,2 8 1 3 2 0 ,0 4 9 3 3 3 ,4 9 9 2 6 4,804 19 221,771 219,549 224,954 239,676 257,369 F e d e ra l 20 8 7 ,4 3 9 8 3 ,3 0 4 8 0 ,7 1 9 8 3 ,8 3 4 9 3 ,5 3 8 8 1 ,5 2 0 S ta te a n d lo c a l 21 1 3 4 ,3 3 3 1 3 6 ,2 4 5 1 4 4 ,2 3 5 1 5 5 ,8 4 2 1 6 3 ,8 3 1 1 8 3 ,2 8 4 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 12 T a b le 1 . 6 . C h a in -T y p e Q u a n t ity In d e x e s fo r In v e s t m e n t in F ix e d A s s e ts a n d C o n s u m e r D u r a b le G o o d s [In d e x n u m b e rs , 1 9 9 6 = 1 0 0 ] L ine F ix ed a s s e t s a n d c o n s u m e r d u r a b le g o o d s F ix ed a s s e t s P r iv a t e N o n r e s id e n t ia l 1902 1901 1904 1903 1906 1905 1909 1908 1907 1911 1910 1912 1913 1 2 3 3 .8 2 4 .3 3 4 .5 7 4.31 4 .9 2 5.31 5 .4 6 4 .6 4 5 .3 5 5 .4 7 5 .2 6 5 .8 3 6.01 4 2 .9 0 3 .5 4 3 .7 9 3 .3 3 3 .4 2 3 .9 9 4 .4 2 3 .4 4 3 .9 7 4 .4 9 4 .2 6 4 .7 7 4 .9 4 E q u ip m e n t a n d s o f t w a r e 5 0 .7 4 0 .8 5 0 .9 5 0 .8 0 0 .9 7 1 .2 7 1 .4 8 0.91 1 .0 9 1 .2 7 1.21 1 .5 7 1 .7 6 S tru c tu re s 6 1 8 .8 8 2 3 .6 8 2 4 .9 4 2 2 .3 4 2 1 .0 6 2 2 .8 2 2 4 .4 0 2 1 .9 2 2 4 .7 9 2 7 .5 7 2 6 .1 4 2 6 .7 6 2 6 .0 9 7 8 .4 3 7 .8 7 7 .9 3 9 .0 5 1 2 .9 6 1 2.0 1 1 0 .3 6 1 0 .8 0 1 2 .4 3 1 0 .0 6 1 0 .0 0 1 0 .7 9 1 1.0 1 8 .7 0 R e s id e n tia l G o v e rn m e n t N o n r e s id e n t ia l 8 9 E q u ip m e n t a n d s o f t w a r e 10 S tru c tu re s 11 4 .4 8 4 .5 0 5 .4 7 5 .9 6 5 .6 9 5 .5 9 6 .6 7 7 .7 7 7 .5 7 8 .0 6 8 .8 3 8 .3 2 12 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 13 0.50 0.54 1.27 1.25 1.53 1.71 1.63 1.37 1.68 1.73 1.70 1.79 1.78 17 1 3 .3 6 1 6 .2 8 1 7 .4 6 1 6.1 1 15.21 1 6 .2 3 1 7 .6 6 1 6 .6 3 1 8 .2 9 2 0 .1 9 1 9 .6 5 1 9 .8 0 1 9 .5 6 18 8 .2 2 7 .6 6 7 .7 2 8.81 1 2 .6 3 1 1 .6 9 1 0 .0 9 1 0 .5 2 12.11 9 .8 0 9 .7 4 10.51 1 0 .7 2 R e s id e n tia l C o n s u m e r d u r a b le g o o d s A d d en d a : P riv a te a n d g o v e r n m e n t fix e d a s s e ts N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t f ix e d a s s e ts 14 15 16 19 F e d e ra l 20 S ta te a n d lo c a l 21 L in e 1914 1917 1916 1915 1919 1918 1922 1921 1920 1924 1923 1926 1925 1 2.74 2.69 3.10 3.37 3.68 4.06 4.13 3.95 4.57 5.57 5.76 6.19 F ix ed a s s e ts 2 4 .1 7 4.09 4.68 5.30 6.03 4.86 4.68 4.57 5.81 6.94 7.13 7.71 8.12 P r iv a t e 3 5 .1 7 4 .8 8 5 .8 8 5 .7 5 5.31 5 .6 6 6 .1 4 5 .5 9 7 .2 3 9 .0 4 9 .1 7 1 0 .1 0 1 0 .6 7 4 4 .0 5 3 .6 5 4 .6 9 5.21 5 .2 2 4 .9 5 5 .9 3 4 .5 5 5 1 .4 9 1 .5 2 2 .1 4 2 .6 9 2 .9 3 2 .5 8 2 .6 0 2 .1 0 2 .4 2 3 .3 4 2 .8 6 3 .4 8 3 .5 6 2 6 .0 4 2 6 .7 2 2 7 .0 2 3 1 .4 3 F ix ed a s s e t s a n d c o n s u m e r d u r a b le g o o d s N o n r e s id e n t ia l E q u ip m e n t a n d s o ftw a re S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n t ia l E q u ip m e n t a n d s o ftw a re S tru c tu re s R e s id e n tia l C o n s u m e r d u r a b le g o o d s 6 5 .2 3 6 .7 9 6 .3 7 7 .0 5 6.56 7.71 2 0 .8 6 1 6 .8 6 1 9 .7 7 1 8 .6 0 1 6 .1 5 1 7 .4 2 2 5 .7 2 1 8 .7 0 2 1 .4 0 1 1 .6 2 7 .2 3 4 .0 0 8 .0 6 5 .7 2 9 .6 4 1 6 .2 4 1 8 .9 7 2 1 .9 9 2 4 .0 0 2 4 .0 0 5 .0 3 4.81 4 .9 6 7 1 0 .7 3 1 1 .2 2 8 3 .1 8 3 .9 9 3 .2 4 7 .5 6 1 3 .5 6 5 .5 6 2 .9 0 4 .3 2 4 .4 2 4 .9 7 9 3 .1 9 4.01 3 .2 6 7 .5 8 1 3 .6 2 5 .5 8 2.91 4 .3 4 5 .0 5 4 .4 3 4 .9 9 4 .8 3 0 .3 3 0 .4 2 0.61 0 .6 5 0 .6 2 1 5 .8 9 1 3 .6 2 1 4 .9 9 1 4 .7 0 1 5 .2 4 10 11 0 .2 8 0 .4 0 0 .2 8 3 .9 7 8 .6 3 0 .9 9 0 .3 3 0 .1 2 9 .4 3 1 1 .7 3 9 .6 3 1 4 .2 4 2 1 .2 2 1 6 .1 4 8 .8 5 1 4 .0 6 4 .9 7 12 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 13 1.59 1.56 1.84 1.76 1.68 3.45 3.89 3.58 3.47 4.42 4.64 4 .92 5.27 14 4 .1 7 4.09 4.68 5.30 6.03 4.86 4.68 4.57 5.81 6.94 7.13 7.71 8.12 15 3 .4 6 3.31 3 .9 2 5 .0 7 6 .2 2 4 .4 8 4 .5 6 3 .9 4 4 .5 5 5 .4 8 5.31 5 .7 2 1 .6 4 2 .2 5 1 .9 7 2 .3 8 2 .4 3 A d d e n d a: P r iv a te a n d g o v e r n m e n t fix e d a s s e ts N o n r e s id e n t ia l 6 .1 8 16 1 .0 7 1 .1 0 1.51 2 .3 3 3.11 1 .8 3 1 .7 5 1 .4 0 17 1 6 .6 9 1 5 .2 2 1 6 .0 9 1 7 .3 8 1 8 .9 3 1 7 .4 6 1 8 .6 9 1 7 .1 5 1 9 .5 4 2 1.3 1 2 2 .3 3 2 2 .2 0 2 4 .9 3 18 1 0 .4 5 1 0 .9 3 1 1 .3 2 7 .0 5 3 .9 0 7 .8 5 5 .5 7 9 .3 9 1 5 .8 2 1847 2 1 .4 2 2 3 .3 8 2 3 .3 8 19 3 .1 8 3.99 3 .2 4 7.56 13.56 5.56 2.90 4 .3 2 5.03 4.42 4.97 4.81 F e d e ra l 20 0 .9 5 1.01 0 .7 7 11.31 2 4 .6 9 7 .4 8 1 .4 8 0 .9 0 0 .8 3 0 .7 4 0 .5 9 0 .5 7 0 .5 7 S ta te a n d lo c a l 21 5 .5 4 9 .8 0 1 1 .6 8 1 0 .2 3 1 1 .8 0 1 1 .4 3 1 1 .7 9 E q u ip m e n t a n d s o ftw a re S tru c tu re s R e s id e n tia l G o v e rn m e n t f ix e d a s s e t s L in e F ix ed a s s e t s a n d c o n s u m e r d u r a b l e g o o d s F ix ed a s s e t s P r iv a t e N o n r e s id e n t ia l E q u ip m e n t a n d s o ftw a re S tru c tu re s R e s id e n tia l G o v e rn m e n t N o n r e s id e n t ia l E q u ip m e n t a n d s o ftw a re S tru c tu re s R e s id e n tia l C o n s u m e r d u r a b le g o o d s 6 .6 2 1927 8.51 1928 6 .9 7 1929 5 .6 0 1930 4 .7 0 1931 5 .1 9 1932 1933 1934 1935 1936 1937 1938 4.96 1939 1 6.40 6.47 6.87 5.80 4.63 3.37 3.07 3 .5 2 4.11 5.27 5.66 4.97 5.87 2 7.91 8.06 5 .67 6.60 3 .3 3 4.31 4 .1 9 6.27 3 .0 9 2.90 2 .5 7 5.82 9 .8 7 5.21 5 .2 4 3 .6 4 9 .9 9 6.77 7 .6 1 3.53 3 7.92 1 0 .1 4 5 .5 9 6 .6 3 5 .4 1 6 .4 7 4 7 .3 5 7 .4 7 8 .3 3 6 .9 4 4 .4 9 2 .7 4 2 .2 9 2 .9 2 3 .5 4 4 .8 0 5 .8 6 4 .4 4 5 3 .1 8 3 .3 3 3 .9 0 3 .1 0 2 .0 4 1 .2 3 1.11 1 .5 8 2 .0 4 2 .8 2 3 .4 0 2 .4 6 2 .7 6 9 .8 9 1 0 .9 4 1 4 .2 8 1 7 .8 8 1 4 .4 8 1 5 .5 2 4 .8 9 6 3 1 .6 0 3 1 .3 3 3 3 .5 3 2 9 .0 9 1 1 .4 8 8.81 7 2 2 .6 7 2 1.1 1 1 5 .9 4 9 .6 9 8 .0 8 4 .2 9 3 .4 9 4 .8 1 6 .7 9 8 .6 3 9 .3 3 9 .3 5 1 3 .2 6 8 5 .6 8 6 .0 8 7 .1 5 8 .5 0 8 .91 7 .8 3 6 .3 6 7 .5 7 8 .0 8 11.21 1 0 .0 0 1 1 .1 2 12 .3 1 9 5 .7 0 6 .1 0 1 1 .0 3 1 2 .1 4 10 0 .81 0 .8 3 0 .8 6 0 .8 2 0 .9 5 0 .8 5 0 .8 9 1 .4 9 1 .6 4 1 .4 7 1.61 1 .9 6 2 .1 4 1 8 .5 5 2 2 .0 0 2 6 .7 2 2 7 .7 8 2 4 .3 4 1 9 .1 6 2 1 .6 3 2 2 .8 5 3 3 .4 7 2 8 .7 9 3 2 .1 2 3 5 .3 9 11 1 7 .2 4 7 .1 6 8 .5 2 1 8 .5 5 8 .9 4 7 .8 5 6 .3 7 7 .5 9 8 .0 8 1 1 .0 6 9 .7 8 12 0 .0 0 0 .0 0 1 .0 7 0 .9 0 0 .9 1 0 .9 4 0 .8 4 0 .9 0 2 .9 8 1 6 .0 4 2 1 .9 3 1 1 .5 9 2 0 .4 9 13 5 .1 4 5.35 6.15 5.24 4.46 3.61 3.74 3 .8 0 4.36 5.13 5.49 4.52 5.52 14 7 .9 2 7.91 8.06 6.77 5.21 3 .5 3 2.90 3 .6 4 4.31 5.82 6.27 5.67 6.60 15 6 .1 1 6 .2 9 7 .1 0 6 .4 6 4 .9 0 3 .4 6 2 .8 6 3 .5 3 4 .0 4 5 .5 0 5 .9 0 5 .2 4 2 .4 7 1 .9 0 2 .1 3 2 2 .5 6 2 2 .0 5 2 4 .0 5 A d d e n d a: P r iv a te a n d g o v e r n m e n t fix e d a s s e t s N o n r e s id e n t ia l E q u ip m e n t a n d s o ftw a re R e s id e n tia l G o v e rn m e n t f ix e d a s s e t s 16 2 .2 1 2.31 2 .6 9 2 .1 6 1 .4 9 0 .9 4 0 .8 7 1 .2 7 1 .5 9 2 .0 7 2 8 .7 0 2 2 .8 3 1 7 .0 6 1 3 .2 9 1 4 .9 7 1 6 .0 9 2 2 .6 0 5 .7 7 17 2 5 .9 7 2 6 .4 3 2 9 .3 4 18 2 2 .0 8 2 0 .5 6 1 5 .5 6 9 .4 6 7 .8 9 4 .2 0 3 .4 2 4 .7 0 6 .6 8 8 .7 4 9 .5 4 9 .3 6 1 3 .3 4 19 5.68 6.08 7.15 8.50 8.91 7 .8 3 6.36 7 .57 8.08 1 1 .2 1 10.00 1 1 .1 2 12.31 F e d e ra l 20 0 .6 3 0 .8 0 1 .0 0 1 .4 5 2 .0 3 2 .6 9 4 .21 5 .4 7 7 .1 9 7 .1 0 6 .7 9 6 .7 1 6 .5 0 S ta te a n d lo c a l 21 1 3 .5 4 1 4 .3 6 16.81 1 9 .6 7 2 0 .0 0 16 .4 1 10.81 1 2 .3 5 1 1 .6 3 1 9 .4 7 1 6 .8 4 1 9 .7 4 2 2 .9 6 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 13 T a b le 1 . 6 . C h a in -T y p e Q u a n tity In d e x e s fo r In v e s t m e n t in F ix e d A s s e ts a n d C o n s u m e r D u r a b le G o o d s — C o n tin u e d [In d e x n u m b e rs , 1 9 96 = 1 0 0 ] Line F ix e d a s s e ts an d c o n s u m e r d u ra b le g o o d s 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1 6 .6 3 8 .9 5 1 1 .1 5 1 3 .1 1 1 3 .4 5 1 1 .8 2 1 0 .5 0 F ix e d a s s ets 1 2 .5 5 1 4 .1 8 1 4 .3 5 1 6 .8 2 2 1 7 .3 5 7 .3 4 1 7 .8 8 1 0 .6 5 1 6 .3 7 P r iv a te 2 0 .1 4 2 1 .0 0 1 7 .6 9 3 1 2 .2 5 1 4 .5 9 7 .7 0 1 6 .7 3 8 .6 4 1 6 .4 2 5 .3 6 1 9 .1 4 4 .1 9 2 0 .4 0 5 .1 8 2 1 .4 1 7 .1 3 1 2 .8 9 1 5 .4 2 1 7 .5 9 4 6 .0 0 1 7 .1 7 6 .91 1 5.7 1 4 .6 5 1 8 .8 5 3 .9 5 1 7 .9 7 E q u ip m e n t a n d s o f t w a r e 5 .31 7 .5 2 1 0 .6 6 1 2 .3 3 5 1 3 .1 7 3 .5 8 1 1 .9 5 1 3 .1 7 2 .9 5 2 .7 1 1 3 .6 9 S tru c tu re s 6 4 .2 2 3 .6 9 5 .3 3 6 .6 5 8 .6 7 1 7 .4 4 8 .9 8 1 9 .3 3 1 2 .1 4 7 .8 3 8 .6 3 8 .8 0 8 .8 7 1 1 .4 9 8 .6 2 1 5 .5 9 2 8 .0 5 7 2 6 .3 2 1 4 .9 3 2 9 .8 3 1 5 .8 9 2 9 .0 2 8 .1 4 3 1 .8 8 4 .9 2 3 3 .8 6 4 .2 4 3 3 .4 5 4 .9 2 2 0 .8 1 2 6 .6 2 3 1 .8 2 N o n r e s id e n tia l R e s id e n tia l G o v e rn m e n t N o n r e s id e n tia l 1 3 .3 9 8 1 1 .8 4 2 6 .4 7 2 9 .4 8 6 9 .7 8 4 0 .0 8 9 5 .3 3 3 3 .5 9 9 5 .9 9 3 2 .9 4 6 8 .0 0 8 .7 4 9 1 0 .0 4 1 4 .0 2 1 1 .3 0 2 5.4 1 1 9 .4 0 6 8 .6 2 1 9 .9 2 9 3 .8 4 9 6 .0 2 3 1 .9 6 3 9 .9 7 6 8 .2 3 7 .8 4 9 .6 8 1 3 .8 3 1 8 .8 7 1 9 .4 2 1 1 7 .7 1 3 1 .1 8 1 3 1 .9 9 3 9 .1 9 9 2 .6 5 E q u ip m e n t a n d s o f t w a r e 10 2 .2 6 1 4 .2 6 5 8 .6 0 S tru c tu re s 11 3 2 .2 4 5 .4 3 7 .6 6 4 8 .2 6 8 2 .8 0 4 1 .3 1 2 2 .8 1 3 1 .6 4 2 1 .6 3 1 7 .2 7 7.71 12 1 4 .3 6 5 9 .3 9 2 0 .6 5 1 1 6 .8 8 2 8 .0 9 1 3 7 .1 6 1 7 6 .9 3 3 2 .5 9 3 7 .8 7 4 3 .1 5 13 4 6 .6 1 1 7 .2 2 6 7 .7 3 3 1 .8 3 2 3 .5 2 5 1 .4 1 4 9 .1 3 7 7 .8 5 6 .4 3 84 .2 1 7 .4 3 4 .2 4 3 .6 7 3 .3 2 3 .7 9 7 .3 0 8 .8 0 9 .6 2 1 0 .4 0 1 2 .3 1 1 1 .8 6 1 1 .7 1 14 7 .3 4 1 0 .6 5 1 6 .3 7 R e s id e n tia l C o n s u m e r d u r a b le g o o d s A ddenda: P riv a te a n d g o v e rn m e n t f ix e d a s s e ts 6 .9 4 1 0 .5 2 8 .4 7 2 0 .1 4 2 1 .0 0 1 7 .6 9 1 2 .2 5 1 4 .5 9 15 6 .3 2 1 6 .7 3 1 6 .4 2 9.91 1 9 .1 4 1 7 .5 7 2 2 .3 5 2 0 .4 0 2 3 .7 9 2 1 .4 1 E q u ip m e n t a n d s o f t w a r e 1 9 .8 5 1 0 .1 4 16 1 1 .8 5 2 .6 9 1 3 .3 7 4 .9 9 1 3 .4 0 1 0 .8 8 1 4 .4 9 1 9 .4 8 1 7 .2 0 1 8 .5 2 S tru c tu re s 2 2 .3 5 1 7 .9 7 6 .6 8 17 8 .1 8 2 3.8 1 8 .7 7 3 1 .7 3 8 .1 9 4 2 .4 8 8 .5 9 2 2 .7 2 1 5 .8 6 1 6 .4 4 1 0 .8 3 1 1 .8 5 1 9 .7 0 2 1 .4 1 18 2 6 .0 4 1 5 .5 4 1 7.3 1 2 8 .5 8 9 .9 7 3 2 .0 9 7 .3 7 3 5 .3 7 4 .8 5 3 7 .2 3 5 .1 0 2 1 .5 0 2 6 .7 1 3 1 .7 1 2 9 .7 9 4 0 .2 2 3 4 .2 2 3 3 .6 7 3 9 .9 7 N o n r e s id e n t ia l R e s id e n tia l G o v e rn m e n t fix e d a s s ets 19 1 1 .8 4 2 6 .4 7 6 9 .7 8 9 5 .3 3 F e d e ra l 9 5 .9 9 6 8 .0 0 8 .7 4 20 1 0 .0 4 8 .9 7 1 4 .0 2 4 3 .3 6 1 9 .4 0 1 3 9 .4 2 1 9 .9 2 3 1 .9 6 S ta te a n d lo c a l 1 9 7 .2 5 1 9 9 .4 8 1 3 9 .5 0 1 0 .0 7 21 8 .2 5 1 3 .2 9 1 8 .8 0 1 8 .9 9 1 3 .7 8 8 .1 0 1 7 .0 3 4 .3 0 4 2 .2 9 5 9 .2 7 3 .5 3 4 .1 0 7 .3 2 1 1 .2 3 1 4 .2 4 1 9 .2 4 2 1 .8 3 2 2 .6 0 2 3 .1 3 Line F ix e d a s s e ts an d c o n s u m e r d u ra b le goo d s 1953 1954 1955 1956 1957 1958 1959 I9 6 0 1961 1962 1963 1964 1965 1 1 9 .0 9 1 9 .0 6 2 1 .0 9 2 0 .9 7 2 1 .2 1 2 0 .3 8 2 2 .5 8 F ix e d a s s ets 2 2 .7 0 2 2 .9 0 2 5 .0 5 2 6 .6 2 2 2 2 .7 9 2 8 .6 1 3 1 .4 1 2 2 .6 7 2 4 .2 0 P r iv a te 2 4 .2 5 2 4 .1 7 2 3 .2 8 2 6 .3 3 2 6 .2 5 3 2 6 .9 0 1 8 .6 0 2 8 .9 1 1 8 .8 9 3 0 .4 0 2 1 .2 6 3 2 .7 9 2 1 .3 5 2 1 .1 7 3 5 .3 5 1 9 .4 4 4 2 2 .2 2 2 2 .4 1 1 4 .3 4 2 2 .3 0 2 4 .2 7 1 4 .0 2 2 6 .0 8 1 5 .4 9 1 6 .4 5 2 8 .7 6 3 1 .6 7 1 6 .7 9 1 4 .6 9 1 5 .8 9 5 1 6 .8 3 1 6 .6 8 9 .1 2 8 .5 3 1 8 .0 8 9 .5 9 1 8 .9 8 9 .8 9 1 0 .2 7 2 1 .4 5 2 5 .2 3 8 .5 8 9.61 1 0 .0 5 9 .8 0 1 0 .9 4 1 1 .8 2 1 3 .5 2 1 6 .0 7 N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t 6 3 6 .4 8 3 8 .0 1 4 5 .1 9 4 2 .1 3 7 4 3 .4 5 3 4 .0 6 4 6 .8 6 4 7 .4 4 3 6 .8 5 4 2 .6 6 4 9 .6 8 3 9 .1 4 3 6 .6 9 5 5 .0 2 6 3 .6 3 3 6 .9 5 4 6 .3 8 8 4 3 .0 8 4 3 .2 1 4 3 .2 1 4 0 .9 8 4 7 .3 3 5 2 .9 2 3 7 .9 9 3 7 .8 0 5 5 .9 8 3 8 .2 6 4 1 .6 7 5 4 .2 9 4 5 .9 0 4 4 .5 0 4 9 .0 1 5 1 .1 1 5 0 .9 4 4 0 .9 8 4 5 .3 4 4 9 .3 7 9 4 2 .6 3 4 0 .7 9 3 7 .9 0 3 7 .6 5 5 1 .8 3 3 7 .7 8 5 2 .6 3 E q u ip m e n t a n d s o f t w a r e 4 0 .7 0 4 4 .8 1 10 4 3 .7 3 3 5 .4 7 4 8 .0 6 2 9 .2 4 5 0 .0 2 2 4 .2 4 5 0 .4 8 2 3 .7 5 5 1 .3 1 5 2 .0 6 S tru c tu re s 2 2 .7 0 2 3 .6 4 2 9 .3 6 2 7 .4 8 11 4 5 .4 2 3 1 .1 7 5 0 .4 7 3 3 .6 1 5 1 .4 5 3 0 .9 0 5 1 .6 5 3 0 .2 9 5 3 .6 2 2 8 .6 7 5 9 .0 4 5 9 .6 7 6 0 .1 0 12 6 4 .4 9 7 2.5 1 6 5 .2 4 4 5 .2 6 7 0 .7 3 3 6 .5 9 7 3 .7 2 4 0 .1 7 7 8 .0 8 6 3 .9 8 1 0 1 .8 4 1 1 4 .2 3 9 0 .2 3 1 0 6 .6 5 1 1 8 .3 8 7 2 .2 2 13 7 6 .8 8 1 2 .5 7 8 1 .3 8 1 2 .6 7 1 5 .2 4 1 4 .8 9 1 5 .5 9 1 4 .9 1 1 5 .7 2 1 6 .1 1 1 5 .6 4 1 7 .8 8 1 9 .4 7 2 0 .7 5 2 3 .7 8 14 2 2 .7 9 2 2 .6 7 2 4 .2 0 2 4 .2 5 2 4 .1 7 2 3 .2 8 2 6 .3 3 2 6 .2 5 2 6 .9 0 2 8 .9 1 3 0 .4 0 N o n r e s id e n tia l R e s id e n tia l C o n s u m e r d u ra b le goo d s A ddenda: P riv a te an d g o v e rn m e n t f ix e d a s s e ts 15 1 9 .9 6 1 9 .3 4 2 0 .0 0 2 0 .7 4 3 2 .7 9 2 1 .0 5 3 5 .3 5 E q u ip m e n t a n d s o f t w a r e 1 9 .8 7 2 1 .6 4 16 2 2 .2 2 2 2.9 1 1 2.8 1 2 4 .4 4 1 1 .4 5 1 1 .6 8 2 5 .2 7 1 1 .8 7 2 7 .4 6 10.71 3 0 .7 0 S tru c tu re s 1 2 .0 5 1239 1252 17 12.81 3 9 .9 5 1 4 .1 3 4 2 .8 6 1 4.5 1 4 5 .0 6 4 7 .8 0 1 5 .8 9 1 7 .8 7 4 8 .4 8 4 8 .7 3 4 9 .7 8 18 5 2 .0 3 3 4 .6 1 5 4 .0 9 3 6 .9 7 5 5 .5 6 4 2 .5 8 5 7 .9 0 3 9 .1 6 6231 3 7 .0 8 6 9 24 3 7 .8 8 4 7 35 4 3 .7 5 4 4.1 1 4 8 .3 5 5 3 .1 9 5 6 .2 7 5 4 .6 7 N o n r e s id e n t ia l R e s id e n tia l G o v e rn m e n t fix e d a s s e ts 19 4 3 .2 1 4 0 .9 8 3 7 .9 9 3 7 .8 0 F e d e ra l 3 8 .2 6 4 1 .6 7 4 5 .9 0 4 4 .5 0 20 4 9 .0 1 6 3 .8 9 5 1 .1 1 5 2 .9 3 5 0 .9 4 4 3 .3 2 4 1 .9 9 51 83 5 2 .6 3 S ta te a n d lo c a l 4 0 .1 2 4 3 .2 8 5 1 .2 0 4 7 .6 2 21 2 5 .1 4 5 3 .5 1 3 0 .0 3 3 2 .6 0 5 6 .1 6 3 3 .3 6 5 1 .2 8 3 5 .7 6 4 9 .1 3 3 9 .3 0 4 6 .5 5 4 0 .2 4 4 0 .7 6 4 3 .9 6 4 5 .5 4 4 9 .5 4 5 3 .1 2 5 6 .8 7 L in e F ix e d a s s e ts a n d c o n s u m e r d u ra b l e g o o d s 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1 3 3 .2 8 3 3 .7 6 3 6 .3 6 3 6 .9 9 3 6 .0 1 3 8 .1 1 4 2 .0 1 F ix e d a ss ets 4 5 .5 4 4 3 .5 1 4 0 .9 0 4 4 .1 8 4 9 .0 6 2 3 7 .5 0 5 3 .7 6 3 7 .5 4 3 9 .3 9 P r iv a te 4 0 .5 8 3 9 .0 9 4 0 .6 6 4 4 .7 2 3 4 8 .0 6 3 3 .1 7 4 5 .7 4 4 2 .1 1 32 .6 1 4 5 .1 6 3 5 .1 8 5 0 .4 2 3 7 .3 6 3 6 .3 5 5 5 .7 4 3 9 .2 5 4 4 .2 3 4 8 .3 1 4 4 5 .3 2 4 0.6 1 2 8 .0 8 2 7 .7 9 2 9 .3 4 4 4 .4 3 3 1 .5 4 5 1 .1 8 56.91 E q u ip m e n t a n d s o f t w a r e 3 1.1 1 3 1 .1 8 3 4 .3 2 3 9 .4 1 5 1 8 .5 2 3 9 .8 4 3 6 .1 2 1 8 .4 5 1 9 .9 4 3 7 .6 0 4 2 .2 3 4 8 .0 0 S tru c tu re s 2 1 .6 6 2 1 .2 9 2 1 .5 7 2 4 .7 0 2 9 .3 9 6 6 6.9 1 3 0 .4 2 6 5 .4 6 6 6 .4 1 2 7 .5 3 2 9 .1 6 3 3 .9 7 7 0 .0 6 3 8 .9 8 6 9 .5 3 6 8 .5 0 7 7 3 .6 2 4 9 .4 1 6 6 .9 7 4 7 .8 2 6 7 .4 1 5 4 .3 7 7 0 .1 9 5 6 .1 2 7 8 .1 9 5 2 .7 7 6 7 .2 5 7 9 .2 4 8 7 8 .7 0 5 7 .9 1 6 2 .4 7 6 0 .8 5 5 4 .2 9 5 9 .1 8 6 7 .2 7 5 5 .5 2 8 1 .7 9 5 1 .7 6 4 7 .2 2 4 7 .1 3 9 4 7 .1 6 5 7 .3 3 4 7 .7 7 6 0 .1 9 4 8 .7 5 5 8 .5 2 4 8 .3 9 5 4 .5 6 4 6 .9 1 5 0.7 1 5 0 .3 2 4 6 .1 5 4 6 .2 3 4 6 .2 9 4 6 .9 4 4 7 .7 5 4 7 .5 9 4 6 .1 3 4 9 .7 0 N o n r e s id e n tia l R e s id e n tia l G o v e rn m e n t N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l C o n s u m e r d u r a b le g o o d s 10 3 3 .9 8 7 0 .4 5 8 6 .9 4 3 7 .4 0 3 3 .3 3 2 4 .8 7 11 8 2 .2 6 2 4 .7 9 8 3 .7 4 2 8 .6 4 8 6.0 1 2 9 .0 9 8 0 .5 0 2 9 .6 0 7 3 .8 6 3 0.66 7 2 .6 8 7 0.0 1 12 7 0 .2 5 8 6 .4 5 6 9 .4 9 9 4 .6 4 6 8 .8 4 9 3 .3 4 6 7 .9 6 1 1 2 .8 6 6 4 .2 1 1 1 6 .1 3 7 0 .6 7 1 14 .5 1 1 0 1 .5 0 9 8 .8 4 9 6 .2 0 1 1 0 .4 0 9 4 .5 3 13 9 1 .8 8 2 5 .1 4 8 3 .2 3 2 6 .3 1 3 0 .0 6 2 9 .7 4 2 9 .6 5 3 2 .6 5 3 6 .1 6 4 0 .0 0 3 8 .5 7 3 8 .0 7 4 1 .8 1 4 5 .8 5 4 9 .2 0 14 3 0 .8 7 2 9 .3 6 2 2 .8 1 A ddenda: P riv a te a n d g o v e rn m e n t f ix e d a s s ets 7 6 .0 3 2 6 .5 6 3 7 .5 0 3 7 .5 4 3 9 .3 9 4 0 .5 8 3 9 .0 9 4 0 .6 6 4 4 .7 2 4 8 .0 6 15 4 5 .7 4 4 2 .1 1 3 4 .0 5 3 4 .3 7 4 5 .1 6 3 5 .3 0 5 0 .4 2 3 6 .3 0 5 5 .7 4 E q u ip m e n t a n d s o f t w a r e 3 5 .1 8 3 4.3 1 3 6 .8 1 16 4 0 .8 3 2 0 .7 2 4 1 .3 1 3 8 .5 9 2 1 .1 5 2 1 .8 4 3 9 .7 1 4 3 .0 5 2 2 .4 3 4 8 .3 7 S tru c tu re s 2 2 .9 6 2 1 .6 9 2 4 .6 5 17 2 8 .5 8 7 2 .8 7 2 9 .7 2 2 7 .5 9 7 2 .5 7 2 9 .0 4 7 4 .0 4 7 4 .0 7 7 1 .1 2 3 3 .2 0 3 7 .6 1 7 0 .0 4 7 0 .1 3 7 3 .5 8 18 4 9 .9 3 7 1 .8 4 6 7 .6 5 4 8 .4 8 6 7 .5 7 5 4 .9 2 6 7 .7 6 5 6 .9 2 5 3 .6 7 7 5 .1 6 6 7 .9 2 7 9 .5 5 7 8 .9 8 6 2 .9 5 5 5 .0 8 N o n r e s id e n tia l R e s id e n tia l 6 7 .6 6 8 1 .9 4 19 5 7 .9 1 8 6 .9 0 6 0 .8 5 5 9 .1 8 5 5 .5 2 F e d e ra l 5 1 .7 6 4 7 .2 2 4 7 .1 3 4 7 .1 6 20 4 7 .7 7 5 3 .4 5 4 8 .7 5 5 5 .3 9 4 8 .3 9 4 8 .3 7 4 6 .9 1 4 3 .7 4 5 0 .3 2 S ta te a n d lo c a l 4 0 .4 4 3 2 .5 4 3 4 .7 3 3 4 .3 5 21 6 0 .6 7 3 5 .1 2 6 4 .4 1 6 7 .3 0 3 7 .7 3 3 8 .1 7 3 9 .1 9 6 4 .5 3 6 0 .4 3 4 0 .6 9 5 8 .6 7 5 6 .7 2 5 7 .0 7 5 7 .5 6 5 7 .3 9 5 6 .4 4 5 3 .0 8 5 7 .9 6 G o v e rn m e n t fix e d a s s e ts Fixed Assets and Consumer Durable Goods in the United States, 1925-97 14 T a b le 1 . 6 . C h a in - T y p e Q u a n tity In d e x e s fo r In v e s t m e n t in F ix e d A s s e t s a n d C o n s u m e r D u r a b le G o o d s — C o n tin u e d [In d e x n u m b e rs , 1 9 96 = 1 0 0 ] L in e F ix ed a s s e t s a n d c o n s u m e r d u r a b l e g o o d s E q u ip m e n t a n d s o ftw a re R e s id e n tia l G o v e rn m e n t 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1 56.00 52.57 53.40 50.70 55.43 64.14 69.65 7 2.96 7 4 .1 4 75.6 7 78.79 7 7.99 7 3 .7 6 2 55.88 56.51 5 7 .0 7 52.78 5 2 .6 7 56.8 7 65.99 70.90 7 2.79 77.20 77.20 73.32 5 6 .7 9 6 6 .3 8 7 0 .5 0 7 1 .3 7 73.2 8 71 .0 1 74.84 3 58.93 6 0.1 1 7 3 .9 6 6 9 .2 2 4 5 2 .8 8 52 .7 1 5 5 .4 5 5 2 .8 7 5 2 .3 5 6 1 .6 2 6 6 .5 0 6 3 .9 8 7 2 .9 9 6 6 .8 4 7 5 .1 4 6 4 .6 1 7 0 .1 1 7 1 .0 9 6 8 .4 0 5 42 .5 1 4 0 .7 8 4 2.3 1 3 9 .5 4 4 1 .6 1 4 9 .2 3 5 2 .5 1 5 3 .7 7 5 3 .2 8 5 7 .3 5 6 1 .0 6 6 1 .2 6 6 8 7 .9 6 9 4 .1 5 1 0 1 .3 6 9 9 .6 5 8 9 .4 5 1 0 4 .3 6 1 1 4 .8 9 1 0 1 .5 4 1 0 0 .3 9 7 8 3 .7 5 6 5 .9 2 6 0 .5 9 4 9 .6 9 7 0 .3 9 8 0 .7 8 8 2 .1 6 9 2 .3 6 9 2 .9 2 9 1 .9 7 9 0 .4 3 8 2 .3 4 8 5 3 .5 0 8 4 .0 3 8 3 .5 8 5 6 .0 8 5 5 .0 7 5 3 .9 8 5 3.4 1 5 7 .3 6 6 4 .3 3 7 2 .9 0 79 .5 1 7 1 .0 2 8 6 .3 6 9 5 2 .9 4 5 4 .3 3 5 3 .0 4 5 2 .5 2 5 6 .2 7 6 3 .5 1 7 1 .9 4 7 8 .5 3 8 3 .0 3 8 2 .7 4 E q u ip m e n t a n d s o ftw a re 10 3 5 .1 6 3 7 .7 9 4 0 .6 7 4 4 .8 1 5 2 .8 6 6 1.0 1 7 1 .7 0 7 9 .9 9 8 6 .6 0 8 5 .0 0 S tru c tu re s 11 7 2 .2 9 7 2 .2 4 6 6 .4 6 6 1 .0 2 6 0 .2 3 6 6 .5 3 7 2 .6 0 7 7 .4 8 8 0 .0 0 8 0 .8 9 8 1 .5 8 12 8 2 .3 5 1 0 8 .6 4 1 2 4 .9 5 1 3 2 .2 9 1 3 7 .6 0 1 2 7 .5 4 1 1 8 .6 6 73.51 7 6.28 77.76 82.62 79.97 74.90 N o n r e s id e n t ia l R e s id e n tia l C o n s u m e r d u r a b le g o o d s 9 5 .5 7 1 0 7 .1 4 1 0 3 .1 1 1 1 9 .3 0 N o n r e s id e n t ia l E q u ip m e n t a n d s o f t w a r e . 13 49.31 45.05 46.35 46.05 5 2.28 60.07 14 58.93 55.88 56.51 52.78 56.87 65.99 70.90 72.79 7 3.28 74.8 4 77.20 77.20 73.32 15 5 2.9 1 5 3 .0 6 5 4 .9 6 5 2 .8 2 5 3 .2 0 6 2 .0 4 6 7 .6 8 6 7.6 1 6 8 .0 7 7 0 .2 7 7 3 .6 2 7 5 .5 7 7 3 .5 7 16 4 1 .2 6 4 0 .1 7 4 1 .8 9 4 0 .1 3 4 3 .0 7 5 0 .7 3 5 5 .1 0 5 7 .3 9 5 7 .9 1 6 1 .2 0 6 5 .3 6 9 3 .1 9 9 7 .5 9 9 0 .2 4 18 8 3 .7 3 6 6 .3 8 6 1 .2 9 5 0 .4 9 7 1 .1 3 81 .2 1 8 2 .8 1 9 2 .9 7 9 3 .6 0 9 2 .5 2 9 0 .8 7 8 3 .0 5 7 1 .7 4 19 53.50 55.07 53.98 53.41 57.36 64.33 7 2.90 79.51 84.03 83.58 86.98 92.68 93.07 20 4 4 .2 7 4 7 .6 3 5 2 .5 0 5 6.2 1 6 4 .7 1 7 2 .5 8 8 4 .4 3 9 4 .2 8 21 6 0 .8 7 6 1 .1 8 5 5 .9 5 5 2 .4 6 5 3 .3 4 5 9 .8 3 6 6 .2 8 7 0 .8 0 8 0 .5 7 8 6.9 1 S tru c tu re s G o v e r n m e n t f ix e d a s s e t s S ta te a n d lo c a l L in e 1992 1993 1994 1995 1996 1997 83.69 88.46 93.30 100.00 108.68 1 78.21 F ix ed a s s e t s 2 76.77 81.32 86.97 91.39 100.00 107.76 P r iv a t e 3 7 3 .2 8 7 9 .3 4 8 6 .1 3 9 0 .7 9 1 0 0 .0 0 1 0 8 .9 9 4 6 9 .8 6 7 5 .8 9 8 2.2 1 90 .5 1 1 0 0 .0 0 1 11 .8 1 5 6 5 .6 8 7 2 .6 4 8 1 .0 9 9 0 .0 7 1 0 0 .0 0 1 1 2 .7 9 6 8 3 .4 4 8 6 .2 9 8 5 .6 6 9 1 .8 2 1 0 0 .0 0 1 0 9 .0 5 7 8 3 .3 7 8 9 .4 5 9 7 .6 9 9 1 .5 8 1 0 0 .0 0 1 0 1 .2 2 8 9 3 .5 6 9 0 .7 9 9 0 .8 9 9 4 .2 0 1 0 0 .0 0 1 0 2 .1 0 1 0 2 .1 1 F ix ed a s s e t s a n d c o n s u m e r d u r a b l e g o o d s N o n r e s id e n tia l E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v e rn m e n t 9 9 2 .9 6 9 0 .3 2 9 0 .6 0 9 3 .7 8 1 0 0 .0 0 E q u ip m e n t a n d s o f t w a r e 10 9 5 .9 8 9 1 .8 3 9 1 .2 8 9 3 .2 8 1 0 0 .0 0 1 0 2 .8 8 S tru c tu re s 11 9 0 .4 0 8 9 .0 6 9 0 .0 4 9 4 .1 7 1 0 0 .0 0 1 0 1 .5 4 12 1 2 4 .5 5 1 1 4 .6 6 1 0 5 .4 4 1 1 5 .6 7 1 0 0 .0 0 1 0 1 .3 3 13 81.70 89.37 92.07 97.92 100.00 110.94 14 76.77 81.32 86.97 91.39 100.00 107.76 15 7 4 .8 0 7 9 .0 1 8 4 .0 3 9 1 .2 3 1 0 0 .0 0 1 0 9 .6 4 E q u ip m e n t a n d s o f t w a r e 16 6 9 .9 0 7 5 .3 4 8 2 .5 3 9 0 .5 3 1 0 0 .0 0 1 1 1 .3 7 S tru c tu re s 17 8 6 .1 3 8 7 .3 6 8 7 .3 5 9 2 .7 3 1 0 0 .0 0 1 0 6 .1 5 18 8 4.0 1 8 9 .8 5 9 7 .8 1 9 1 .9 6 1 0 0 .0 0 1 0 1 .2 2 19 93.56 90.79 90.89 94.20 100.00 102.10 8 8 .1 9 1 0 9 .9 3 N o n r e s id e n tia l R e s id e n tia l C o n s u m e r d u r a b le g o o d s A d d en d a : P r iv a te a n d g o v e r n m e n t fix ed a s s e t s N o n r e s id e n t ia l R e s id e n tia l G o v e rn m e n t f ix e d a s s e t s 8 7 .1 8 66.95 A ddenda: P riv a te a n d g o v e r n m e n t fix e d a s s e t s 9 1 .9 5 F e d e ra l 20 9 9 .4 3 9 2 .8 5 8 8 .1 6 8 9 .6 5 1 0 0 .0 0 S ta te a n d lo c a l 21 9 0 .0 5 8 9 .5 4 9 2 .4 6 9 6 .8 3 1 0 0 .0 0 9 5.6 1 7 2 .6 5 7 6 .4 3 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 15 T a b le 1 . 7 . C u r r e n t- C o s t A v e r a g e A g e a t Y e a r e n d o f F ix e d A s s e ts a n d C o n s u m e r D u r a b le G o o d s [Y e a rs ] L in e ix ed a s s e ts a n d c o n s u m e r d u r a b le g o o d s 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1 17.3 17.2 -17.2 17.3 1 7 .4 17.6 F ix ed a s s e ts 18.0 18.6 19.3 19.9 2 18.7 20.3 18.6 20.6 18.7 20.9 P r iv a te 19.2 19.5 1 9 .8 20.1 1 9 .7 1 9 .6 18.8 1 9 .7 18.9 3 21.8 22.1 22.3 4 2 0 .2 2 0 .6 1 6 .5 2 1 .3 1 6 .4 20.7 2 2 .2 21.3 1 9 .9 1 6 .4 2 3 .6 1 6 .5 2 4 .0 1 6 .6 5 17.1 2 4 .3 E q u ip m e n t a n d s o f t w a r e 1 6 .5 2 3 .0 7 .9 1 7 .8 1 8 .7 7 .9 1 9.3 8 .0 7 .9 2 0 .2 8.1 2 0 .2 S tru c tu re s 8 .0 1 9 .9 6 8 .6 9 .4 1 9 .0 1 8 .9 10.1 1 9 .0 1 0 .6 19.1 19.1 1 0 .8 1 9 .3 1 0 .5 10.1 7 1 9 .8 2 4 .0 2 0 .5 2 3 .7 2 1 .2 2 3 .6 2 1 .9 2 3 .7 2 2 .5 2 3 .0 2 4 .3 2 3 .2 2 4 .9 2 5 .6 2 6 .5 2 7 .2 2 7 .9 N o n r e s id e n t ia l R e s id e n tia l 8 12.3 1 2 .6 12 8 2 3 .5 13 0 13.1 13.1 9 1 3 .2 1 2 .3 1 3.3 1 2 .6 1 3 .6 1 3 .8 1 3 .0 1 4 .0 E q u ip m e n t a n d s o f t w a r e 1 2 .8 13.1 1 3 .2 1 3 .2 10 7 .3 1 3 .3 7 .9 8 .3 1 3 .6 1 3 .8 S tru c tu re s 8 .6 1 4 .0 8 .7 9.1 11 1 2 .7 9 .3 1 2 .9 9 .8 13.1 10.1 9 .7 1 3 .3 1 3 .4 9 .5 1 3 .4 9 .5 9 .5 12 1 3 .5 0 .0 1 3 .5 1 3 .8 14.1 0 .0 0 .0 0 .5 1 4 .6 1 .5 2 .0 2 .6 13 3.1 1 4 .3 2 .8 1 4 .4 1 .0 5.0 4.9 1 .7 5.0 1 .6 5.0 4.8 4.9 5.1 5 .5 5.9 6.0 5.9 5.7 5.5 14 18.7 18.6 18.7 18.8 18.9 19.2 15 19.5 20.1 1 5 .5 1 5 .5 20.7 1 5 .6 21.3 1 5 .7 21.8 1 5 .7 22.1 1 5 .8 .......... 1 6 .2 22.3 E q u ip m e n t a n d s o f t w a r e 16 7 .8 1 6 .7 ....... 7 .9 1 7 .2 8 .0 177 1 8 .2 8 .0 1 8 .3 8 .2 1 8 .4 S tru c tu re s 8.1 17 8 .7 1 7 .3 9 .4 10.1 1 7.4 1 0 .5 1 7 .5 1 7 .6 1 0 .6 1 0 .4 1 7 .7 1 8 .0 1 0 .0 1 8 .5 1 8 .8 1 9 .2 1 9 .7 G o v e rn m e n t N o n r e s id e n t ia l R e s id e n tia l C o n s u m e r d u r a b le g o o d s ................. 0 .0 dden da: P riv a te a n d g o v e r n m e n t f ix e d a s s e t s N o n r e s id e n tia l 2 8 .4 2 8 .9 14.1 1 4.3 .......... 1 4 .1 ........ 1 4 .4 18 2 4 .0 1 7 .3 2 3 .7 2 3 .6 2 3 .5 2 3 .7 2 4 .3 2 4 .9 2 5 .6 2 6 .5 2 7 .2 19 12.3 2 7 .9 2 8 .4 12.6 2 8 .8 F e d e ra l 12.8 13.0 13.1 13.1 20 13.2 1 1 .3 13.3 1 2 .2 1 3 .8 1 3 .9 14.0 1 4 .8 14.1 14.3 S ta te a n d lo c a l 13.1 13.6 21 1 2 .6 1 2 .7 1 2 .7 .......... 1 2 .8 R e s id e n tia l G o v e rn m e n t fix e d a s s e ts L in e F ix ed a s s e t s a n d c o n s u m e r d u r a b le g o o d s 1938 1939 .......... 1 2 7 ........ 1940 1941 1942 1 5 .3 .............. 1 2 7 ........ 1943 1 9 .9 2 0 .2 1 5 .5 1 5 .6 1 5 .3 1 4 .7 1 4 .0 1 3 .8 1 3 .8 1 2 .6 1 2 .8 .......... 1 3 .2 1 3 .6 .......... 1 4 .0 1 4 .2 1 4 .5 1944 1945 1946 1947 1948 1949 1950 1 21.2 21.5 21.5 21.1 2 0 .5 20.1 F ix ed a s s e t s 20.0 20.6 21.2 2 21.3 22.7 21.3 23.0 21.3 23.1 20.9 P r iv a te 22.7 21.9 21.4 3 21.3 2 1 .8 2 4 .8 22.6 2 5 .2 2 5 .4 2 2 .8 2 5 .4 23.0 2 6 .0 23.1 2 6 .8 22.9 2 7 .5 2 7 .9 2 7 .6 4 2 0 .6 21.1 2 1 .2 2 7 .1 2 1 .2 2 6 .4 2 1 .9 2 6 .0 2 5 .4 E q u ip m e n t a n d s o f t w a r e 5 2 2 .6 1 0 .2 2 3 .0 2 3 .2 1 0 .2 2 2 .9 2 2 .4 9 .4 2 1 .9 9 .6 9 .9 2 1 .5 9 .8 21.1 S tru c tu re s 9 .9 6 2 3 .8 9 .2 2 4 .3 8 .6 2 4 .7 7 .7 7.1 2 5 .0 2 5 .6 7 .0 6 .9 7 2 6 .2 2 9 .3 2 6 .8 2 7 .4 2 9 .6 2 9 .7 2 7 .3 2 7 .3 2 9 .8 3 0 .3 2 7 .2 3 1 .0 2 7 .2 2 7 .0 8 3 1 .7 1 4 .4 3 2 .5 1 4 .3 1 4 .4 3 2 .2 3 1 .6 1 3 .5 3 0 .9 1 1 .2 3 0 .4 9 .7 9.1 2 9 .5 9 1 4 .4 9 .6 1 4 .4 11.1 1 4 .5 1 2 .4 1 3 .7 1 4 .2 1 1 .3 9 .8 1 5 .0 E q u ip m e n t a n d s o f t w a r e 1 3 .6 10 9 .2 9 .4 9 .7 9 .0 8 .5 1 1 .3 1 3 .8 1 .8 1 4 .5 1 .4 1 5 .2 S tru c tu re s 4 .6 1 2 .6 11 1 .5 1 4 .7 1 4 .7 2 .0 1 4 .8 2 .9 3 .9 1 4 .5 4 .7 136 5 .4 1 3 .8 6.1 12 1 4 .4 2 .3 1 4 .9 1 5 .6 1 6 .3 1 6 .9 1 7 .1 2 .4 1 7 .5 3 .2 AA 13 5.6 5.5 6 .7 7 .4 5 .4 5.2 5 .7 6.0 6.1 5.3 4 .8 4.5 4.3 4.1 14 22.7 N o n r e s id e n tia l R e s id e n tia l G o v e rn m e n t N o n r e s id e n t ia l R e s id e n tia l C o n s u m e r d u r a b le g o o d s A d d en d a: P r iv a te a n d g o v e r n m e n t f ix e d a s s e t s E q u ip m e n t a n d s o f t w a r e S tru c tu re s R e s id e n tia l G o v er n m e n t fix ed a s s e t s 5 .4 .... 7" ........ 23.0 23.1 22.7 21.9 21.4 15 21.3 1 8.7 2 1 .8 22.6 1 8 .9 1 9 .0 22.8 1 8 .5 23.0 1 7 .4 23.1 1 6 .5 1 6 .0 .......... 1 6 .......... 10.1 1 6 .5 ib .1 1 7 .5 9 .8 18.1 8 .5 6 .7 5.1 1 8 .8 17 4 .4 2 0 .5 4 .6 208 5 .5 2 1 .0 2 0 .8 1875 6 .2 2 0 .4 2 0 .7 18 2 1 .4 2 9 .3 2 2 :0 29.5 2 2 .3 2 9 .6 2 2 .6 ' 2 9 .6 3 0 .0 2 3 .1 3 0 .6 2 3 .1 3 1 .3 3 2 .0 3 1 .7 3 1 .0 3 0 .5 300 .... " ........ 29.1 14.4 13.5 11.2 5 .8 .......... 22 ~8 ........ 1 8 .9 6 .5 6 .6 19 14.4 F e d e ra l 14.3 20 9.1 1 3 .7 ... 9 .6 1 3 .6 11.1 13.1 12.4 9 .5 13.7 5 .3 4 .0 21 3 .8 1 4 .6 4 .5 1 4 .6 5 .9 1 4 .8 7.1 15.1 8 .3 1 5 .7 1 4 .2 9.1 15.0 S ta te a n d lo c a l 1 6 .5 1 7 .4 1 8 .3 1 9 .0 1 9.5 1 9 .7 1 9 .7 1 9 .6 L in e F ix ed a s s e t s a n d c o n s u m e r d u r a b le g oo d s 1951 1952 1953 1954 1955 9.7 1956 1957 1958 1959 1960 1 20.6 20.4 20.1 19.9 19.6 19.3 19.1 19.0 2 22.5 2 4.9 22.3 22.0 2 4 .3 2 0 .9 2 2 .9 20.6 2 3 .6 21.1 2 3 .2 20.8 2 4 7 ..... 21.7 2 4 .0 21.4 .......... 3 ........... 2 0 .7 .......... 2 2 .4 4 2 0 .8 2 2 .7 E q u ip m e n t a n d s o f t w a r e 2 0 .3 20.1 1 9.8 1 9 .4 5 1 9 .2 6 .8 1 9 .0 6 .8 S tru c tu re s 6 .8 6 .8 6 .8 6 .9 6 2 6 .7 6 .9 2 6 .6 2 6 .3 2 6 .1 2 5 .8 2 5 .4 7 2 9 .0 2 8 .6 2 8 .3 2 7 .9 2 7 .3 2 7 .0 F ix ed a s s e ts P r iv a te N o n r e s id e n t ia l R e s id e n tia l 18.9 1961 ... .. 1 8 .8 ... 1962 10.1 1963 18.7 18.5 18.3 20.4 2 2 .3 20.3 20.1 19.9 1 8 .8 1 8 .6 1 8 .5 7.1 7.1 7 .2 7 .3 7 .2 2 5 .2 2 4 .9 2 4 .7 2 4 .4 7 .3 2 4 .2 2 4 .0 2 3 .8 2 6 .8 2 6 .7 2 6 .3 22.1 ....... 2 2 "0 ..... 1 8 .4 2 1 .6 18.1 8 15.1 1 4 .9 1 4 .7 26.1 1 4 .5 1 4 .7 2 5 .9 2 5 .7 1 4.8 2 5 .3 9 1 4.9 1 5 .3 1 5 .0 1 5 .2 1 5 .0 1 4.9 1 5 .0 15.1 1 4 .8 1 5 .0 1 5.0 15.1 E q u ip m e n t a n d s o f t w a r e 1 4 .7 10 15.1 15.1 5 .9 15.1 5 .7 5 .7 1 5 .2 6 .0 1 5 .2 6 .2 11 6 .4 1 5 .2 S tru c tu re s 5 .5 1 5 .2 1 7 .6 1 7 .6 6 .6 1 7 .6 6 .6 6 .8 1 7 .6 1 7 .6 6 .8 1 7 .6 6 .8 1 7 .6 6 .9 7 .9 1 7 .6 8 .4 1 7.7 9 .5 9 .0 1 7 .7 10.1 1 0 .5 1 7 .6 1 0 .6 1 0.8 4.1 1 1 .0 1 1 .1 4.2 4 .2 1 1 .6 4.3 4.2 4.2 4 .2 4 .4 106 1 7 .7 12 13 7 .8 1 7 .6 4 .5 4.4 ...... 1 4 ..... G o v e rn m e n t N o n r e s id e n tia l R e s id e n tia l C o n s u m e r d u r a b le g o o d s A dden da: P r iv a te a n d g o v e r n m e n t fix ed a s s e t s N o n r e s id e n t ia l 4.4 ...II4-4 III 4-5 22.5 22.3 22.0 21.7 21.4 21.1 15 20.9 1 8 .7 20.8 20.6 1 8 .5 20.4 1 8 .2 1 8 .0 20.3 1 7 .8 20.1 1 7 .7 19.9 E q u ip m e n t a n d s o f t w a r e 16 1 7 .6 6 .5 6 .4 1 7 .5 1 7 .4 1 7 .3 6 .5 1 7.2 6 .6 17.1 6 .7 17 6 .7 1 6 .9 S tru c tu re s 6 .4 2 2 ,9 6 .9 7 .0 2 2 .8 2 2 .8 7.1 2 2 .6 7.1 2 2 .4 7.1 22.1 7.1 18 2 8 .5 2 2 .0 2 1 .8 2 8 .2 2 1 .7 2 7 .8 2 7 .4 2 1 .5 2 1 .3 2 7 .0 2 1 .2 2 6 .7 2 1 .0 2 6 .5 2 6 .4 2 6 .0 2 5 .7 2 5 .6 2 5 .3 2 5 .0 15.1 R e s id e n tia l G o v e rn m e n t f ix e d a s s e t s F e d e ra l S ta te a n d lo c a l 19 15.1 14.9 14.7 14.5 14.7 14.8 14.9 20 1 0 .3 15.0 1 0 .3 15.0 10.1 15.0 15.1 1 0 .3 15.0 1 0.6 1 1 .0 21 1 1 .4 1 9 .5 1 1 .8 1 9.4 1 1 .9 1 9 .3 1 2 .2 1 9 .0 1 2 .4 1 8 .7 1 2 .5 1 8 .5 1 8 .3 1 2 .8 1 8 .0 1 7 .7 1 7 .6 1 7 .4 1 7 .2 1 7 .0 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 16 T a b le 1 . 7 . C u r r e n t- C o s t A v e r a g e A g e a t Y e a r e n d o f F ix e d A s s e t s a n d C o n s u m e r D u r a b le G o o d s — C o n tin u e d [Y ears] Line F ix ed a s s e t s a n d c o n s u m e r d u r a b l e g o o d s F ix ed a s s e t s P riv a te N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu r e s R e s id e n tia l G o v e rn m e n t N o n r e s id e n tia l E q u ip m e n t a n d s o ftw a r e S tr u c tu re s N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l G o v e r n m e n t fix ed a s s e t s Fe deral S ta te a n d lo c a l F ix ed a s s e t s P riv a te N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l G o v e rn m e n t N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l C o n s u m e r d u r a b le g o o d s 17.8 17.6 17.5 1 7 .4 17.4 17.5 17.5 19.6 19.3 19.0 2 0.0 19.0 4 5 6 7 15.3 7.3 17.5 16.3 6.5 21.9 24.7 15.4 15.5 7.5 17.4 15.9 6.5 21.1 2 4.3 15.3 7.1 17.6 1 6.6 6.6 22.1 2 4 .8 15.3 1 5.4 7.3 1 7.5 13.0 15.9 6.4 21.3 24.5 9 10 11 2 0.8 16.9 6.7 22.4 24.8 15.3 15.4 7.3 17.5 12.7 18.9 20.0 1 9 .0 21.1 17.4 6.9 2 2.9 2 4.8 19.1 20.4 19.0 21.4 17.9 7.1 2 3.4 2 5.0 19.2 2 0.6 16.0 7.9 17.7 1 6.3 8.3 1 7.9 13 4.4 4.3 4.2 4.2 4.1 4.1 4.2 4.2 4.2 4.1 4.2 4 .3 4.2 14 19.8 19.6 19.3 19.2 19.1 19.0 18.9 19.0 19.0 19.0 1 9 .0 16.8 .......7.1 20.8 24.7 16.6 7.0 20.5 24.5 16.3 6.9 20.2 24.5 16.1 6.8 2 0.0 2 4.5 16.0 6.8 19.8 24.5 15.9 6.7 19.7 2 4.3 15.9 6.8 19.6 2 4.2 16.1 6.9 19.6 24.1 16.2 7.0 19.7 23.8 16.3 6.9 19.7 23.5 16.5 6.9 19.9 2 3.5 2 ... 19.1 16.5 19.2 15 16 17 18 19 15.2 15.3 15.3 15.3 15.4 15.6 15.9 16.2 16.6 17.0 20 21 13.1 16.8 13.5 16.6 14.1 1 6.2 14.5 16.0 15.0 ....... 1 6.0 15.6 ...... 16.1.... 16.3 1 6 .2 ... 16.8 16.4 17.8 16.6 17.4 18.7 ....... 16.9 17.7 18.9 .......17.1 ... 1982 1983 1987 1988 1989 1977 13.7 .......16.4.... 1981 1980 1979 1978 N o n r e s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu r e s R e s id e n tia l G o v e rn m e n t fix ed a s s e t s Fe deral S ta te a n d lo c a l F ix ed a s s e t s P riv a te N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu r e s R e s id e n tia l G o v e rn m e n t N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu r e s R e s id e n tia l C o n su m er d u rab le g o o ds ...... 1 5 7 .... 7.6 17.5 N o n re s id e n tia l E q u ip m e n t a n d s o ft w a re S tr u c tu re s R e s id e n tia l G o v e rn m e n t f ix e d a s s e t s F e d era l S ta te a n d lo c a l 19.7 15.7 6.4 20.8 23.7 17.0 .......17.1.... 8.8 18.5 14.6 1986 1985 19.6 15.8 6.4 2 1.0 2 3.7 1 7 .4 ... .......17.5.... 9.0 18.8 14.9 7.0 20.2 20.4 18.0 1 7.3 17.8 17.9 17.9 17.9 18.1 18.3 18.3 18.2 18.2 18.2 18.2 18.2 2 3 4 5 19.3 19.3 19.3 19.3 19.2 19.4 19.6 19.6 19.6 19.6 19.7 19.7 19.8 7 8 9 10 11 12 19.6 15.6 6.6 21.0 23.8 18.2 18.3 9.3 1 9.7 1 6.0 19.5 15.4 6.5 20.8 23.7 18.5 18.6 9.4 2 0.0 16.6 19.4 15.3 6.4 2 0.7 2 3.6 18.8 18.9 9.4 2 0.3 19.3 15.0 6.5 20.4 23.8 19.1 19.1 9.3 20.5 19.2 14.9 6.5 20.0 24.0 19.2 19.3 9.5 2 0.8 19.4 15.0 6.7 20.1 24.3 19.5 19.6 9.5 21.1 19.6 1 5.2 6.8 2 0.4 24.4 19.7 19.8 9.4 ........ 21.5 19.6 15.2 6.8 20.3 24.4 19.9 19.9 8 .7 2 1.9 19.5 15.0 6.8 20.0 24.4 20.0 20.0 8.1 22.1 19.5 14.9 6.8 19.9 24.4 20.1 2 0.2 7.5 2 2.4 19.6 15.0 6.9 20.1 2 4.3 20.2 2 0.2 7.2 2 2.5 13 4.2 4 .2 4.4 4.5 4 .6 4.6 4 .6 4 .5 ...... 4 .4 14 19.3 19.3 19.3 19.3 19.2 19.4 19.6 1 9 .6 16.6 7.1 2 0.4 16.6 7 .0 20.5 23.5 16.6 6.9 20.5 23.5 16.5 6.9 2 0.5 23.6 16.6 7.1 2 0.5 24.2 16.8 7.2 20.9 24.2 1 6.8 7.1 2 1.0 2 4.3 19.6 16.7 19.6 15 16 17 18 19 20 21 18.2 18.5 18.8 19.1 19.2 19.5 ...... 19.7 19.5 17.6 2 0.0 17.8 2 0.6 1 8.0 20.9 18.3 20.8 18.6 20.8 19.0 2 0.6 19.3 ...... 4 .2 .. 1990 1991 1992 1993 16.4 7.0 20.3 ...... 2 3 .8 ... 1994 1995 1996 19.6 15.1 7.0 20.0 24.4 20.4 22.9 20.1 4 .3 " " 2 4.3 197 1 9 .7 19.8 6.9 21.1 24.2 7 .0 ....... 21.1 2 4.2 2 1.2 ...... 4 J P 7 .0 2 0.9 24.3 19.9 20.0 20.1 20.2 2 0 .3 20.4 2 0.6 1 9.6 20.5 19.8 20.5 20.0 2 0.3 20.1 2 0 .4 2 0.3 2 0.5 20.4 1997 18.3 ~ 1 8 . 4 ...... 18.6 18.8 19.0 19.0 19.1 19.1 2 19.8 1 9.6 20.0 20.2 20.4 20.6 15.0 7.1 20.0 24.5 20.4 20.4 6.9 23.0 20.3 2 0.0 15.4 7.2 20.5 2 5.0 2 0.7 2 0.7 7.0 2 3.4 2 0.9 2 0.2 15.5 7.2 2 0.8 25.1 2 0.9 20.9 7.2 2 3.6 21.2 2 0 .6 20.4 20.6 19.8 15.2 7.1 20.3 24.8 20.5 2 0.5 7.0 23.2 2 0.6 20.5 20.3 13 4.4 4.5 4.6 14 19.8 20.0 15 16 17 18 16.9 7.0 2 1.3 24.4 17.0 7.1 21.5 24.7 19 20.4 20 21 20.4 20.4 3 4 5 6 7 8 9 10 11 12 1 9.5 15.0 6.9 2 0.0 24.3 20.3 2 0.3 7.1 22.7 .......1 9 .7 .. 16.7 6.9 2 1.0 ......... 24.2 ....... 1 ...... 15.6 6.9 21.3 25.4 2 1.5 2 1.5 7.7 2 4.0 2 2.4 2 0 .3 1 5.6 6.7 2 1.2 2 5.3 2 1.7 2 1.7 7 .8 24.1 2 2.8 15.6 7.1 21.0 25.2 21.1 21.1 7.4 23.8 21.6 20.4 15.6 7.0 21.2 25.3 21.3 21.3 7.6 23.9 2 1.9 4.6 4.6 4.6 4.6 4.4 20.2 20.4 20.5 20.6 20.6 20.6 17.2 7.2 21.7 24.9 1 7.4 7.2 2 2.0 2 5.0 17.5 7.1 2 2.2 25.1 17.6 7.1 22.3 25.2 17.6 7.0 2 2.4 .......25.3 1 7.7 6.9 2 2.4 2 5.3 20.5 20.7 20.9 21.1 21.3 21.5 21.7 20.6 20.5 2 0.9 2 0.6 21.3 20.7 21.7 20.9 22.1 21.0 22.5 21.1 2 3.0 21.2 A ddenda: P r iv a te a n d g o v e r n m e n t fix ed a s s e t s 1984 19.8 15.9 6.5 2 0.9 2 4.0 ..... 16.6 16.6 8.5 18.3 14.3 17.8 Line F ix ed a s s e t s a n d c o n s u m e r d u r a b l e g o o d s 2 0.2 16.1 6.4 2 1.5 24.5 1 A d d e n d a: P r iv a te a n d g o v e r n m e n t fix e d a s s e t s 17.8 177 19.2 19.1 19.7 19.6 15.8 15.8 6.5 2 1.2 21.1 2 3.9 2 3.9 ....... 1 7 7 ... ...........18.0 18.0 17.7 9.1 19.4 19.1 15.6 15.2 18.0 19.8 L in e F ix ed a s s e t s a n d c o n s u m e r d u r a b le g o o d s 19.0 18.2 1 2 A d d en d a : P r iv a te a n d g o v e r n m e n t f ix e d a s s e t s 1976 1975 17.6 17.5 R e s id e n tia l C o n s u m e r d u r a b le g o o d s 1974 1973 1972 1971 1970 1969 1968 1967 1966 1965 1964 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 17 T a b le 2 . 1 . C u r r e n t- C o s t N e t S to c k o t P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e [M illio n s o f d o lla rs ; y earend es tim a tes ] L in e P riv a te fix e d a s s e ts E q u ip m e n t an d s o ftw a re N o n re s id e n t ia l e q u ip m e n t a n d s o ftw a re I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e C o m p u t e r s a n d p e r ip h e r a l e q u i p m e n t S o ftw a re 1 C o m m u n ic a t io n e q u ip m e n t In s tru m e n ts P h o t o c o p y a n d r e la te d e q u ip m e n t O ffic e a n d a c c o u n t in g e q u ip m e n t I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y S p e c ia l in d u s t r y m a c h in e r y , n .e .c . G e n e ra l in d u s t r ia l, i n c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a t u s T r a n s p o r t a t io n e q u i p m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a ts R a ilr o a d e q u i p m e n t O t h e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r f u r n it u r e T r a c to r s F a rm t r a c t o r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n t ia l e q u ip m e n t S tru ctu re s N o n r e s id e n t ia l s tru c tu res N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c i a l 3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r H o te ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l ig h t a n d p o w e r G as P e tr o le u m p ip e lin e s F a r m re la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls P e t r o le u m a n d n a tu r a l g a s O th e r m in in g O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n t ia l s tru c tu res H o u s in g u n it s P e r m a n e n t s it e 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S e e th e s e c t io n " F o o t n o t e s t o t h e T a b le s ." 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 2 2 6 ,9 8 4 2 34 ,8 70 2 41 ,4 18 2 4 9 ,7 8 6 2 5 3 ,9 8 7 2 4 1 ,9 5 8 2 1 4 ,2 7 7 1 93 ,84 1 1 97 ,8 50 2 0 4 ,4 3 7 2 0 8 ,0 0 0 2 2 2 ,8 8 3 2 3 7 ,5 5 5 2 2 8 ,7 8 6 3 0 ,3 45 3 1 ,3 95 3 1,9 21 3 2 ,4 87 3 1,2 21 2 8 ,7 7 2 2 6 ,0 7 6 2 5 ,0 19 2 5 ,2 1 2 2 5 ,2 6 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 2 6 ,8 2 3 2 8 ,3 4 6 1,552 0 0 822 170 42 5 19 9 ,427 884 753 642 111 1 ,287 3 ,653 2 9 ,4 1 2 2 9 ,8 76 1,690 0 0 901 191 46 552 9,8 75 885 759 645 114 1,336 3 0 ,8 99 1,788 0 0 946 224 49 570 10,237 904 759 646 112 1,361 2 8 ,2 9 2 1 ,697 0 2 4 ,5 70 1,403 0 0 793 205 45 361 8 ,587 757 595 520 2 6 ,3 0 0 1 ,503 2 8 ,8 4 6 1,685 o o 0 o 8 19 2 22 45 3 52 9 ,00 2 7 52 6 05 5 32 1 301 2 4 ,7 52 1,384 0 0 8 18 2 00 46 3 20 9 ,024 804 613 539 74 o l1, n12o 2 4 ,7 8 4 1,4 38 0 0 887 263 51 496 9 ,35 8 857 621 528 93 ■ j 273 2 5 ,6 3 4 1,5 18 0 0 781 225 47 4 65 8 ,5 1 5 759 5 89 508 81 3,8 57 31,941 1 ,947 0 0 1,048 245 56 598 10,664 9 46 752 636 116 1,428 3 ,78 7 3 0 ,6 9 0 1 ,874 0 0 989 2 66 54 5 63 10,088 916 683 5 76 107 3 ,764 3 1 ,4 0 3 1,8 78 0 0 1 ,019 221 52 586 10,586 9 32 7 63 6 49 114 1,421 3 ,89 0 3 ,48 6 3 ,166 2 ,92 0 2,994 3 ,07 6 73 1 ,140 3 ,01 5 8 49 2 32 48 375 9 ,65 8 8 02 6 26 544 83 1,281 3,201 9 40 2 57 54 4 34 10,642 9 26 6 66 562 104 1 ,497 3 ,434 2 ,25 5 2 ,08 9 1 ,915 1,948 2 ,050 2 ,12 5 2 ,35 7 2 ,632 1 ,352 10,784 1,894 1 ,498 130 1,402 5 ,85 9 6 ,45 3 1 ,620 188 1 ,432 833 631 2 02 1 ,525 362 548 748 ....... 141..... ....... 6 0 .... 80 676 1 ,25 3 9 ,73 8 1,641 1,181 120 1 ,28 7 5 ,5 1 0 5 ,86 3 1,4 62 167 1 ,29 6 776 5 72 2 04 1 ,462 305 4 83 612 126 57 69 6 37 1,237 9 ,028 1,456 1,056 71 1,288 5 ,157 5,551 1,460 154 1,305 687 512 174 1,3 75 283 451 559 119 57 62 616 1,352 9 ,03 5 1,458 1,028 71 1,303 5 ,17 5 5 ,30 9 1,510 149 1,361 6 30 484 147 1,211 2 70 431 5 33 1 1 7... 60 58 6 07 1 ,365 9 ,17 6 1 ,535 1 ,124 67 1,242 5 ,20 9 5 ,16 8 1,4 43 142 1,301 6 55 5 23 132 1 ,156 2 57 4 36 504 125 64 61 1,3 90 9 ,574 1,718 1 ,330 68 1,264 5 ,195 5 ,564 1,491 146 1,345 751 612 139 1 ,207 281 5 02 545 135 70 65 1 ,487 10,342 1,971 1 ,546 84 1,301 5,441 6 ,17 7 592 651 691 523 566 1 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 3 6 ...... 37 38 39 40 1,707 1,903 2,0 33 2 ,14 5 2 ,294 1,144 12,060 1,999 1,562 7 1,663 6 ,82 9 5 ,30 7 1,387 149 1,2 38 525 474 50 1,368 276 5 95 582 113 32 81 4 60 1,228 12,486 2 ,004 1,722 12 1,695 7 ,053 5 ,825 1,523 164 1,359 613 544 69 1,428 320 618 634 113 ...... 2 7 .... 87 576 1,324 12,568 1,937 1,805 22 1,745 7 ,059 6 ,306 1 ,662 177 1,485 719 617 102 1,462 355 618 706 ...... 113..... ...... 22..... ...... 9 0 .... 671 1,435 12,243 1 ,902 1 ,867 50 1 ,664 6,761 6 ,69 6 1,7 63 188 1,575 7 93 6 56 136 1,492 3 84 6 27 7 75 1 16 19 97 7 46 1,456 12,212 2 ,056 1,911 78 1,578 6 ,589 7 ,118 1,861 203 1,658 878 7 19 159 1,564 4 13 662 8 38 146 .......4 6 .... id o .. 1175711 1 ,388 1 1,6 65 2,011 1 ,732 76 1 ,507 6 ,33 9 7 ,06 3 1 ,794 2 04 1 ,590 893 7 10 183 1 ,624 4 10 635 8 34 ....... 149 58 91 7 25 0 75 1,6 03 154 1 ,450 888 7 32 156 1 ,30 9 321 571 631 162 87 75 41 440 469 496 518 531 4 80 443 450 460 4 79 42 1 9 8 ,1 9 8 2 0 4 ,5 2 5 2 1 0,0 2 3 2 1 7 ,8 6 5 2 21 ,5 00 2 1 0 ,7 3 7 1 8 5 ,5 0 4 1 6 7 ,7 6 4 1 7 2 ,8 3 0 1 7 9,2 2 5 1 8 2 ,7 3 8 1 9 6 ,0 6 0 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 98,161 3 5,1 82 10,990 7,281 5 ,52 8 0 5 ,528 1 ,784 8 33 775 7,9 90 1,289 1,7 76 4 ,925 46,563 34,068 2 ,338 6 ,444 1,989 1 ,724 8 ,463 3,621 3 ,304 3 17 4 ,33 2 2 0 8 ,1 4 3 1 0 0 ,1 3 9 3 7,0 92 11,306 7 ,974 5 ,87 5 0 5 ,875 1,921 920 839 8 ,25 7 1,508 1,965 4 ,78 4 4 7,075 34,193 2,4 52 6,6 49 2,1 18 1,6 62 7,6 09 3 ,865 3 ,535 331 4 ,49 7 1 0 2 ,1 7 4 3 8,2 72 11,527 8 ,120 6 ,210 0 6 ,21 0 2 ,047 998 920 8,451 1,661 2 ,134 4 ,655 4 7,9 34 3 4,5 98 2 ,562 6 ,887 2 ,244 1,643 7 ,567 4 ,03 9 3,7 00 339 4 ,36 2 1 0 3 ,8 4 2 39,407 11,836 8 ,364 6 ,478 0 6 ,47 8 2,1 58 1,099 9 92 8,481 1,765 2 ,269 4 ,44 7 4 8 ,5 18 34,825 2 ,69 9 7 ,099 2 ,306 1 ,589 7 ,469 4 ,196 3 ,847 3 49 4 ,25 2 1 03 ,5 89 39,499 11,710 8 ,614 6 ,515 0 6 ,515 2 ,169 1,168 1 ,029 8,295 1,791 2,2 69 4,2 35 4 8,1 88 3 4,2 07 2 ,822 7 ,15 0 2 ,345 1,663 7,361 4 ,33 7 3 ,989 3 48 4 ,20 3 9 8 ,4 9 3 37,211 10,502 8 ,64 6 6 ,03 9 O 6 ,03 9 2,041 1 ,14 0 1 ,009 7 ,83 3 1 ,684 2 ,115 4 ,03 4 4 5 ,5 73 3 1,714 2,841 7 ,06 0 2 ,37 0 1 ,58 8 6 ,97 2 4 ,72 0 4 ,402 318 4 ,01 8 8 8 ,5 46 3 2,8 68 9 ,19 3 7 ,70 0 5 ,23 9 0 5 ,239 1 ,797 1,051 9 12 6 ,975 1 ,443 1 ,868 3 ,66 4 4 1,505 2 8,525 2 ,645 6 ,586 2,245 1 ,504 6,1 29 4 ,50 9 4 ,23 6 2 73 3 ,535 8 1 ,9 1 6 3 0,0 37 8 ,58 5 6 ,9 1 5 4 ,6 6 8 O 4 ,6 6 8 1 ,62 0 9 74 8 35 6 ,44 0 1 ,28 2 1 ,68 2 3 ,4 7 6 3 9,1 26 2 6,9 34 2 ,46 7 6 ,17 0 2 ,1 3 3 1 ,423 5 ,17 6 4 ,3 8 3 4 ,1 4 3 2 40 3 ,19 4 8 3,1 60 3 1,4 26 9 ,26 8 7 ,404 4 ,666 0 4 ,66 6 1 ,649 995 852 6 ,592 1,304 1,711 3,5 77 3 9,7 46 2 7,1 58 2,4 97 6,395 2 ,229 1,468 4 ,532 4 ,067 3 ,824 243 3 ,389 8 5 ,6 40 3 2,9 79 9 ,980 7 ,642 4 ,85 8 0 4 ,85 8 1,723 1 ,039 883 6 ,854 1,353 1 ,768 3 ,732 4 0 ,5 06 2 7,335 2 ,580 6 ,70 3 2 ,35 5 1 ,533 4 ,7 6 8 3,8 18 3 ,56 2 2 56 3 ,56 9 8 7 ,5 00 33,661 10,202 7 ,58 5 5 ,04 7 0 5 ,04 7 1 ,790 1 ,079 9 10 7 ,04 8 1,3 97 1,8 14 3 ,83 7 4 0,9 83 2 7,5 03 2 ,63 6 6,851 2 ,42 4 1 ,569 5 ,246 3 ,96 7 3 ,69 7 2 70 3 ,643 9 2 ,9 56 3 6,4 63 11,050 7 ,897 5 ,57 3 0 9 7 ,4 22 38,911 11,735 8 ,37 9 6,0 55 0 5 ,573 1,998 1 ,223 1 ,017 7 ,705 1,561 2 ,026 4 ,11 8 43,186 28,962 2 ,704 7,251 2 ,59 8 1,671 5,241 4 ,29 8 3,9 90 3 09 3 ,76 8 6 ,05 5 2 ,15 4 1,3 32 1,1 04 8 ,152 1 ,684 2 ,18 7 4 ,28 2 4 4 ,4 66 2 9,6 55 2 ,707 7 ,60 7 2 ,72 9 1 ,768 5 ,276 4 ,93 6 4 ,59 0 3 46 3 ,83 3 1 0 4 ,3 8 6 9 6,4 68 9 6,4 68 8 9,0 25 1 1,0 85 1 0 7,8 4 9 9 9 ,6 55 9 9,6 55 9 1,3 14 10,991 1 17 ,91 1 108 ,81 4 108 ,81 4 1 1 2 ,2 4 4 103 ,43 2 103 ,43 2 9 3,8 84 9 6 ,9 59 8 9,3 28 8 9 ,3 28 81,079 8 5 ,8 4 8 79,063 7 9,063 71 ,8 1 3 8 0,3 23 8,341 0 0 0 7 ,034 1,160 83,262 9 ,54 8 0 0 0 7,521 1,292 7 1,9 84 8 ,249 0 0 0 6,521 1 ,110 63,801 7 ,25 0 0 0 0 5 ,80 8 9 78 8 9,671 8 2,5 30 82,530 74,985 8 ,336 6 6,6 49 7 ,545 0 0 0 6 ,125 1 ,016 9 3 ,5 85 86,026 8 6 ,0 26 7 8,2 02 8 ,66 4 6 9,5 38 7 ,824 0 0 0 6 ,50 4 1 ,055 9 5 ,2 3 8 8 7,3 55 8 7 ,3 55 77^940 7 ,44 3 0 0 0 6 ,84 4 1,075 1 1 4 ,0 2 3 105,321 105,321 95,965 j f 215 84,751 9,3 56 0 0 0 7,449 1,252 1 0 3 ,1 0 4 94,353 9 4,3 53 8 5,8 47 9 ,40 9 76,438 8 ,50 6 0 0 0 7 ,60 5 1 ,146 1 10 ,72 1 101,06 8 1 01 ,06 8 9 1 ,958 10,013 8 1,9 45 9,1 10 0 0 0 68 69 70 71 72 73 74 75 76 77 78 79 1 0 0 ,0 3 7 9 2,4 19 9 2,4 19 85,856 11,073 74,784 6 ,562 0 0 0 6,6 63 9 55 546 9 8,8 10 ■ j f 3 12 8 7,4 98 10,004 0 0 0 7,7 72 1,325 1 79467 8 ,765 7 0 ,7 02 7 ,88 8 0 0 0 6,8 17 1,0 66 8 ,428 1 ,225 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 18 T a b le 2 . 1 . C u r r e n t- C o s t N e t S to c k o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu re s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ; y earend e s tim a te s ] 1942 1943 1944 1945 1946 1947 1948 1949 1950 1 2 3 9 ,6 4 7 2 4 5 ,0 7 0 2 6 2 ,1 9 0 2 8 9 ,4 8 7 3 1 0 ,3 7 3 3 2 6 ,3 2 0 3 4 4 ,0 7 8 3 7 4 ,8 0 8 2 9 ,5 2 0 2 9 ,9 70 3 2 ,3 23 3 6 ,5 4 2 3 7 ,4 9 2 3 7 ,1 1 3 3 8,2 32 4 3 ,4 7 4 5 2 9 ,4 7 9 6 6 ,5 86 5 8 2 ,2 4 8 7 8 .8 3 6 6 1 1 ,4 7 6 8 6 ,9 88 6 7 1 ,5 0 2 2 4 4 5 ,7 1 9 5 3 ,1 96 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 2 8 ,9 3 9 1 ,709 0 0 9 43 2 68 56 4 44 10,661 9 07 6 54 5 49 104 1,514 3 ,42 6 2 9 ,3 78 1 ,782 0 0 9 82 297 61 442 10,954 820 666 553 113 1,636 3,5 16 3 1 ,6 80 2 ,008 0 0 1,1 32 333 65 478 11,955 814 702 580 122 2 ,066 3 ,708 3 5 ,7 79 2 ,46 7 0 0 1 ,304 3 54 70 7 38 13,272 1 ,025 7 33 6 12 122 2 ,58 7 3,841 3 6 ,6 6 2 2 ,41 7 0 0 1 ,347 334 63 6 72 1 3,7 08 1 ,050 717 5 99 118 2 ,960 3 ,80 7 3 6 ,2 9 8 2 ,209 0 0 1 ,348 3 27 63 471 1 3,8 17 9 78 7 19 595 123 3 ,25 3 3 ,69 6 3 7 ,4 04 2 ,386 0 0 1,5 16 319 64 486 1 4,608 1 ,102 758 618 140 3 ,477 3 ,71 6 4 2 ,5 7 5 2 ,882 0 0 1 ,820 4 26 91 5 44 16,704 1 ,265 9 97 7 07 2 90 3 ,898 4 ,05 9 5 2 ,0 9 8 4 ,01 7 0 0 2 ,40 7 6 24 140 846 1 9,8 04 1 ,673 1 ,082 7 72 3 10 4 ,03 4 4 ,7 5 5 6 5 ,1 9 8 5,428 0 0 3 ,103 9 02 212 1,2 10 24,041 2,3 25 1,192 871 321 4 ,24 0 5 ,864 7 7 ,2 3 9 6 ,397 0 0 3,5 13 1,149 275 1,460 27.837 2 ,79 7 1,319 972 3 47 4 ,770 6,921 8 5 ,2 63 7 ,0 5 7 0 0 3,861 1 ,334 3 08 1 ,554 3 0,1 53 3 ,01 5 1 ,410 1 ,067 3 43 5 ,0 3 7 7 ,59 3 9 6 ,9 2 7 8,071 2 ,65 5 2 ,734 2 ,934 3,131 3 ,12 9 3 ,135 ____ 3 ,344 ____ 3 ,883 ___ 4 , / 14 ____ 18 Ö .Ö 4U Ö .Ö 2 0 i 8 ,06 2 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 1,5 05 10,344 1 ,987 1 ,500 92 1 ,33 8 5 ,42 7 6 ,22 5 1 ,565 152 1 ,413 9 17 761 156 1,370 334 5 62 644 169 91 78 664 1,581 10,366 2,037 1 ,519 105 1,295 5 ,40 9 6 ,27 6 1 ,539 150 1 ,389 930 777 153 1,374 3 45 567 668 178 99 79 676 1,731 10,951 2 ,21 2 1,665 134 1,408 5 ,53 2 6 ,767 1,619 162 1,456 1,011 850 161 1,416 390 627 751 212 121 91 741 1 ,953 12,272 2 ,5 9 0 1 ,97 2 158 1,5 94 5 ,95 8 7 ,7 6 8 1 ,80 6 190 1 ,615 1 ,192 1 ,006 186 1 ,57 0 4 46 774 884 251 145 107 845 2,0 45 12,453 2 ,34 6 1 ,814 190 1 ,71 8 6 ,38 7 8 ,08 4 1 ,859 198 1 ,660 1 ,19 9 1 ,01 4 185 1,671 472 7 94 947 2 54 148 106 888 2 ,035 1 2,2 34 2 ,083 1,661 184 1 ,878 6 ,42 8 8 ,039 1,835 193 1 ,642 1 ,088 922 166 1,641 4 79 801 1,0 03 295 ...... 146 150 897 2 ,212 1 1,8 58 2 ,19 6 1,259 149 1 ,890 6 ,36 4 8 ,552 1,830 189 1,641 1,1 95 1,0 17 179 1,777 496 855 1 ,154 323 171 153 2,601 13,058 2 ,90 2 9 48 2 35 2 ,20 9 6,7 64 9 ,93 2 1,964 198 1 ,766 1 ,390 1 ,165 2 25 2 ,01 5 724 1 ,059 1 ,427 353 212 141 1 ,000 3,5 46 1 5,886 3 ,84 9 1 ,589 4 29 2 ,625 7 ,39 3 12,391 2 ,51 7 252 2 ,265 1 ,497 1 ,265 232 2 ,284 1 ,128 1 ,222 2 ,01 8 508 3 16 192 1,2 18 4 ,58 0 19,480 5 ,074 2 ,719 547 3,082 8 ,058 16,250 3 ,263 323 2 ,940 1,815 1,560 255 2,956 1,597 1,397 3,0 04 737 455 2 82 1,482 5 ,204 22,757 6 ,262 3 ,723 571 3 ,160 9 ,042 2 0,2 48 3 ,674 3 67 3 ,307 2 ,33 0 2 ,02 6 304 3,8 25 2,141 1,603 4 ,086 854 511 343 1 ,735 5 ,7 6 7 25,531 6 ,74 4 4 ,82 8 6 40 3 ,1 8 4 10,135 22,522 3 ,88 3 4 03 3 ,4 7 9 2 ,8 0 3 2 ,50 0 3 03 4 ,50 5 2 ,33 2 1 ,72 3 4 ,39 7 9 32 5 44 3 87 1 ,947 6 ,81 2 2 8,8 80 7,601 6 ,23 6 701 3 ,30 4 I I , 037 2 5,610 4 .38 8 4 75 3 ,91 4 3 ,26 0 2 ,948 3 12 5 ,21 2 2 ,65 2 1 ,930 4 ,814 1 ,127 651 476 2 ,228 41 581 593 643 763 830 815 828 898 1 ,0 9 8 1 ,38 8 1 ,59 7 1 ,7 2 5 2 ,0 0 6 42 2 1 0 ,1 2 7 2 1 5 ,1 0 0 2 2 9 ,8 6 7 2 5 2 ,9 4 5 2 7 2 ,8 8 0 2 8 9 ,2 0 7 3 05 ,8 47 3 3 1 ,3 3 4 3 9 2 ,5 2 3 4 6 2 ,8 9 3 5 03 ,4 12 5 2 4 ,4 8 8 5 7 2 ,5 6 8 1 1 2 ,7 0 7 4 6,5 47 14,517 10,778 6 ,93 3 0 6,9 33 2,5 63 1 ,638 1 ,344 8 ,774 1,985 2,601 4 ,18 7 5 1,6 37 3 4,2 64 3 ,312 8 ,860 3 ,115 2 ,086 4 ,783 5 ,685 5 ,234 451 4 ,05 6 1 2 1 ,7 5 3 49,468 16,071 10,514 7 ,49 5 0 7 ,49 5 2 ,79 4 1 ,789 1 ,47 8 9 ,32 8 2,151 2 ,80 0 4 ,3 7 7 55,634 37,155 3 ,62 3 9 ,353 3 ,282 2,221 5 ,65 3 6,771 6,2 52 5 20 4 ,22 6 1 2 5 ,7 9 0 50,169 16,038 10,286 7 ,81 9 0 7 ,819 2 ,934 1 ,880 1 ,552 9 ,660 2 ,23 0 2 ,89 3 4 ,53 6 56,688 37,929 3,711 9 ,43 8 3 ,32 5 2 ,284 6,801 7 ,87 7 7,301 576 4 ,254 129 ,93 1 5 0,9 18 15,850 10,830 7,911 0 7,911 3 ,000 1,934 1,6 13 9,7 80 2,2 75 2,941 4,5 64 58,261 39,231 3 ,810 9 ,468 3 ,42 5 2 ,328 7 ,800 8 ,618 8,005 613 4 ,335 1 4 1 ,9 3 3 55,811 18,130 11,113 8,5 46 0 8 ,546 3 ,265 2 ,120 1,791 10,847 2 ,47 4 3 ,186 5 ,187 64,099 43,376 4 ,143 9 ,758 4 ,074 2 ,74 8 8 ,427 8,911 8 ,225 686 4,6 84 1 6 8 ,9 6 3 7 0,067 2 2,838 13,209 11,118 8 11,110 4 ,140 2 ,764 2 ,31 6 13,683 3 ,143 4 ,044 6 ,496 7 4,4 99 50,078 5 ,073 10,805 5 ,154 3 ,38 9 9,7 18 9,3 98 8,5 62 835 5,281 1 9 8 ,4 6 6 83,442 27,108 15,600 13,542 21 13,521 5,054 3,462 2 ,860 15,816 3 ,774 4,841 7,201 86,471 57,184 6 ,115 12,800 6 ,377 3 ,994 11,928 10,666 9 ,670 9 96 5 ,959 2 14 ,2 36 88,688 28,650 16,610 14,477 36 14,440 5 ,405 3 ,777 3 ,04 0 16,729 3,911 5,0 98 7,721 93,451 60,167 6 ,905 14,438 7 ,40 9 4,531 14,231 11,659 10,606 1 ,053 6 ,207 2 1 8 ,8 1 4 87,748 2 8,2 49 15,494 14,524 46 14,478 5 ,58 0 3 ,91 0 3 ,13 9 16,852 3 ,86 3 5 ,13 0 7 ,8 5 9 97,953 61,384 7 ,35 0 16,208 8 ,205 4 ,80 6 15,216 12,017 10,973 1,0 44 5 ,87 9 2 3 5 ,0 8 5 94,307 30,224 15,913 15,954 64 15,891 6 ,26 8 4 ,39 3 3 ,638 17,917 4 ,112 5 ,55 0 8 ,256 105 ,74 4 64,885 7 ,95 6 18,462 9 ,288 5 ,154 15,382 13,615 12,425 1,190 6 ,03 7 1 4 0,2 3 7 127.433 127,433 116,253 11,965 104,288 1 1,1 80 0 0 0 1 1,3 32 1,473 1 5 1 ,1 2 7 137,19 8 137 ,19 8 125 ,13 0 12,823 1 12 ,30 7 12,068 0 0 0 12,368 1,561 1 6 3 ,4 1 7 148 ,34 8 1 48 ,34 8 135 ,09 5 13,858 121 ,23 6 13,253 0 0 0 13,414 1 ,655 1 7 5 ,9 1 5 159,811 159,811 145 ,44 5 14,901 130,543 14,366 0 0 0 14,347 1 ,757 1 8 9 ,4 0 2 171,976 171,97 6 156,61 9 16,012 140,607 15,358 0 0 0 15,553 1,873 2 2 3 ,5 6 0 2 01 ,83 0 2 01 ,74 9 183 ,87 7 18,575 165 ,30 3 17,871 82 4 78 19,568 2 ,16 2 2 6 4 ,4 2 7 2 3 7,1 7 7 2 36 ,93 6 2 16 ,10 7 21,202 194 ,90 5 20,829 241 10 231 24,795 2 ,456 2 89 ,1 76 257 ,56 5 257 ,13 8 2 34 ,84 3 22,308 212 ,53 5 22,296 427 17 4 10 29,041 2 ,57 0 3 0 5 ,6 7 4 270 ,91 3 2 70 ,39 3 2 47 ,07 6 22,819 224,25 7 2 3,3 16 521 21 5 00 3 2,1 34 2 ,627 3 3 7 ,4 8 3 2 98 ,27 2 2 97 ,63 0 2 72 ,57 0 23,945 2 48 ,62 5 25,061 641 26 6 16 3 6,4 59 2 ,753 L in e P riv a te fix e d a s s e ts lu ip m e n t a n d s o ftw a r e N o n r e s id e n t ia l e q u ip m e n t a n d s o ftw a r e In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re C o m p u te r s a n d p e r ip h e ra l e q u ip m e n t S o ftw a re 1 C o m m u n ic a tio n e q u ip m e n t In s tru m e n ts P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t In d u s tr ia l e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu r b in e s S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o r k in g m a c h in e ry S D e c ia l in d u s tr y m a c h in e ry , n .e .c . G e n e ra l in d u s tria l, in c lu d in a m a te ria ls h a n d lin g , e q u ip m e n t E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a nd in d u s tria l a p p a ra tu s T ra n s p o rta tio n e q u ip m e n t T ru c k s , b u s e s , a n d tr u c k tra ile rs A u to s A ir c r a ft S h ip s a n d b o a ts R a ilr o a d e q u ip m e n t O th e r e q u ip m e n t F u rn itu re a n d fix tu re s H o u s e h o ld fu r n it u re O th e r fu r n it u r e T ra c to rs F a rm tr a c to r s C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s M in in g a n d o ilf ie ld m a c h in e ry S e rv ic e in d u s try m a c h in e ry E le c tric a l e q u ip m e n t, n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n re s id e n tia l e q u ip m e n t R e s id e n tia l e q u ip m e n t itr u c tu r e s N o n r e s id e n t ia l s tru c tu r e s N o n re s id e n tia l b u ild in g s , e x c lu d in g fa r m In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa r m b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo r a tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g as O th e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n tia l s tru c tu r e s H o u s in g u n its P e rm a n e n t s ite 1 - to - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p r o v e m e n ts O th e r r e s id e n tia l6 S e e t h e s e c t i o n " F o o t n o te s t o th e T a b le s ." 1938 1939 1940 1941 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 9 6 ,5 22 38,607 11,305 8 ,485 6 ,04 9 0 6 ,04 9 2 ,17 0 1 ,349 1 ,118 8,131 1 ,685 2 ,21 6 4 ,230 43,933 2 9,0 93 2 ,67 7 7 ,694 2 ,724 1,7 45 5 ,29 8 4 ,90 4 4,5 55 349 3 ,77 9 9 7 ,1 88 3 8,5 69 11,390 8 ,179 6 ,097 0 6 ,097 2 ,204 1,375 1 ,142 8 ,182 1,717 2 ,276 4 ,19 0 4 4,8 68 29,754 2,7 74 7,8 14 2 ,729 1,797 5 ,103 4 ,917 4 ,55 5 362 3 ,732 1 02 ,1 88 41,162 12,471 9 ,203 6 ,34 7 0 6 ,347 2 ,324 1,466 1,2 09 8,141 1,808 2,3 82 3,951 47,379 31,343 2 ,983 8,267 2,876 1,911 4 ,700 5 ,088 4 ,695 394 3 ,858 68 69 70 71 72 73 74 75 76 77 78 79 1 1 3 ,6 0 5 103 ,53 6 103 ,53 6 94,240 10,159 84,081 9 ,296 0 0 0 8 ,824 1,245 1 1 7 ,9 1 2 107 ,36 6 107 ,36 6 97,743 10,375 87,368 9 ,62 3 0 0 0 9 ,26 8 1 ,277 1 27 ,6 79 116 ,15 9 116 ,15 9 105 ,84 3 11,058 94,785 10,316 0 0 0 10,157 1 ,362 921 9 8 ,9 3 4 0 0 4,341 1 ,629 3 49 1 ,752 3 4,3 66 3 .387 1 ,675 I, 3 89 5 ,692 8 ,737 2 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 19 T a b le 2 . 1 . C u r r e n t- C o s t N e t S to c k o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c t u r e s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ; yearend e s tim a te s ] L in e 1951 1952 1953 1954 1955 1956 7 3 5 ,8 9 6 7 7 6 ,3 3 9 8 07 ,9 50 8 4 2 ,2 0 7 9 0 5 ,6 7 3 9 76 ,1 25 2 1 1 0 ,5 2 9 1 1 7 ,8 8 5 1 26 ,0 60 1 3 2 ,2 5 0 1 4 4 ,9 3 8 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 1 0 8 ,2 7 5 9,0 58 0 0 4,761 1,9 38 396 1,964 3 8,8 12 3 ,927 1,885 1,484 400 6 ,526 9 ,770 1 1 5 ,4 6 9 9 ,913 0 0 5 ,19 9 2,1 83 4 38 2,0 93 41,932 4 ,40 2 2,1 23 1,7 72 351 7 ,152 10,175 1 23 ,5 00 11,008 0 0 5 ,819 2 ,433 506 2 ,25 0 45,747 4,861 2,3 19 1,9 89 330 7 ,91 2 10,752 1 2 9 ,5 8 7 11,827 0 0 6 ,29 8 2 ,57 7 5 72 2 ,37 9 4 9,7 90 5 ,343 2 ,672 2 ,310 3 62 8 ,92 0 11,329 1 4 2 ,1 7 9 13,013 0 0 6 ,87 5 2 ,90 7 632 2 .599 5 6,0 69 5 ,999 3 ,19 9 2 ,77 8 421 10,105 12,448 G e n e r a l in d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 8 ,765 9,081 9 ,677 10,272 11,470 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 7,941 31,971 8 ,740 7 ,018 745 3 ,54 2 11,926 28,434 5 ,005 515 4 ,49 0 3,752 3,307 446 5,8 77 2,9 96 2,1 39 5,052 1,225 6 88 537 2 ,388 8 ,99 9 33,444 8 ,937 7 ,233 855 3 ,89 7 12,523 30,180 5 ,320 5 40 4 ,78 0 4 ,14 3 3 ,55 3 590 6 ,320 3 ,236 2 ,290 5 ,166 1,243 696 547 2,461 10,227 35,116 8 ,88 3 8 ,05 7 949 4 ,259 12,968 31,628 5 ,559 569 4 ,99 0 4 ,37 7 3 ,698 680 6 ,54 8 3 ,41 6 2 ,452 5,401 1,265 713 552 2 ,61 0 11,254 35,421 8,9 12 8,0 87 1,054 4 ,38 3 12,985 3 2,5 50 5 ,88 9 595 5 ,294 4 ,38 2 3 ,63 7 7 46 6 ,70 8 3 ,484 2 ,552 5 ,523 1 ,263 700 5 62 2 ,74 9 12,849 38,103 9,901 8 ,938 1 ,119 4,594 13,551 34,994 6 ,678 650 6 ,028 4 ,63 8 3,745 892 6,9 85 3,8 14 2,8 18 5,8 06 1,3 20 7 06 614 2 ,936 P riv a te fix e d a s s e ts E q u ip m e n t an d s o ftw a re N o n r e s id e n t ia l e q u ip m e n t and s o ftw a re I n f o r m a t io n p r o c e s s in g e q u ip m e n t a n d s o f t w a r e C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t S o ftw a re 1 C o m m u n ic a t io n e q u ip m e n t In s tru m e n ts P h o t o c o p y a n d r e la te d e q u ip m e n t O ffic e a n d a c c o u n t in g e q u ip m e n t I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O th e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r f u r n it u r e T ra c to rs F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O t h e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n t ia l e q u ip m e n t S tru ctu res N o n r e s id e n t ia l s tru c tu re s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b i le s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a t io n a l b u ild in g s H o s p it a l a n d i n s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o te ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l ig h t a n d p o w e r ....... G a s .......................... P e t r o le u m p ip e lin e s F a r m r e la t e d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f ts , a n d w e lls P e t r o le u m a n d n a t u r a l g a s O th e r m in in g O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n tia l s tru c tu re s H o u s in g u n it s P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S e e t h e s e c t i o n " F o o t n o te s t o th e T a b le s ." 1 1957 1958 1959 1960 1961 1962 1963 1 ,0 2 2 ,6 5 7 1 ,0 5 5 ,2 0 3 1 ,0 9 9 ,3 9 3 1 6 1 ,7 3 0 1 7 5 ,9 0 0 1 8 2 ,9 5 4 1 9 2 ,2 6 9 1 5 8 ,8 2 4 14,835 0 0 7,851 3,3 15 713 2 ,95 6 64,846 6 ,77 7 3 ,924 3 ,43 0 494 11,815 13,950 172 ,83 1 16,933 0 0 8 ,977 3 ,72 8 806 3 ,42 3 7 1,690 7,4 13 4,6 88 4 ,12 3 565 12,881 15,033 1 7 9 ,7 1 0 18,439 0 0 9 ,585 4 ,34 2 8 36 3 ,67 6 7 5,2 67 7 ,82 4 5 ,22 5 4 ,62 5 6 00 13,064 15,511 1 8 8,6 6 2 19,912 18 9 10,497 4 ,50 0 9 14 3 ,974 7 9,3 58 8 ,206 5 ,492 4 ,88 2 6 09 13,738 16,265 13,076 14,353 15,058 16,034 16,345 16,665 17,169 17,981 15,304 41,183 10,965 9 ,19 4 1 ,405 4 ,97 6 14,642 37,961 7 ,590 722 6 ,86 8 4 ,92 0 3 ,80 2 1 ,11 9 7 ,204 4 ,32 5 3 ,16 8 6 ,16 3 1,404 725 6 79 3 ,18 5 17,323 4 4,2 96 11,552 9 ,763 1,732 5 ,418 15,831 3 9,9 12 8 ,03 0 7 63 7 ,2 6 7 5 ,08 2 3 ,87 6 1 ,206 7,441 4,661 3 ,422 6,441 1,470 740 730 3 ,36 5 18,585 4 4,456 11,664 9 ,26 0 1 ,898 5 ,67 2 15,962 4 1,5 48 8 ,51 3 7 90 7 ,72 2 5,331 4 ,08 5 1,246 7 ,952 4 ,93 2 3 ,35 2 6 ,48 7 1 ,457 726 731 3 ,52 4 19,623 45,901 11,886 9,681 2 ,525 5 ,847 15,962 4 3,4 92 8 ,85 9 806 8 ,053 5 ,594 4,311 1 ,283 8,2 64 5,3 22 3,4 37 6,7 17 1,4 87 708 7 79 3 ,812 20,216 4 6,9 97 11,954 9 ,747 2,991 6 ,119 16,186 4 4,6 05 9 ,137 827 8 ,310 5 ,576 4 ,317 1,260 8 ,572 5 ,493 3,401 6 ,689 1,494 683 811 4 ,244 2 0,7 74 4 7 ,5 45 12,145 9 ,75 3 3,521 6 ,07 0 16,055 4 5,137 9 ,30 2 8 32 8 ,47 0 5 ,53 7 4 ,31 3 1,2 25 8 ,69 4 5 ,502 3 ,25 5 6 ,756 1 ,538 6 68 871 4 ,5 5 3 2 1,3 92 4 9,5 64 2 1,934 5 0,776 13,743 10,687 4 ,15 4 6,2 37 1 5,956 4 8,6 78 10,063 853 9 ,20 9 5 ,93 6 4 ,64 0 1,296 9 ,224 6 ,058 3 ,21 6 6 ,974 1 ,747 6 88 1,058 5 ,461 1 ,1 3 1 ,4 2 4 1 ,1 6 7 ,3 6 3 1 ,2 0 8 ,9 8 3 1 9 8 ,5 9 3 2 0 2 ,8 8 6 2 1 0 ,4 7 8 2 1 9 ,9 6 8 1 9 4 ,8 3 4 2 1,4 57 199 94 11,533 4 ,619 1,022 3 ,990 8 1,774 8,355 5 ,57 0 4,9 74 597 14,354 16,934 1 9 8 ,9 8 5 2 3,3 42 3 87 178 13,088 4 ,69 6 1,141 3 ,85 2 82,961 8 ,31 9 5 ,37 2 4 ,80 7 565 14,534 17,298 2 0 6 ,4 5 6 25,511 6 85 2 69 14,800 4 ,75 8 1,291 3 ,7 0 8 85,231 8 ,34 6 5 ,21 8 4 ,66 4 554 15,068 18,038 2 1 5 ,7 2 3 2 8,1 93 1,324 4 73 16,439 4 ,81 0 1,575 3,571 8 8,0 76 8,431 5 ,28 0 4 ,72 7 553 15,634 18,816 12,930 1 0,3 43 4 ,14 9 6 ,22 6 15,915 46,151 9 ,60 0 8 43 8 ,7 5 7 5 ,61 7 4 ,4 0 5 1 ,21 3 8 ,88 7 5,571 3 ,18 0 6 ,82 0 1,581 6 49 932 4 ,8 9 6 1 ,2 4 5 ,4 8 3 41 2 ,2 5 4 2 ,4 1 5 2 ,5 6 0 2 ,6 6 3 2 ,7 5 9 2 ,9 0 6 3 ,0 6 9 3 ,2 4 4 3 ,6 0 7 3 ,7 5 9 3 ,9 0 2 4 ,0 2 2 4 ,2 4 5 42 6 2 5 ,3 6 7 6 5 8 ,4 5 5 681 ,89 1 7 0 9 ,9 5 7 7 6 0 ,7 3 5 8 1 4,3 9 5 8 4 6,7 5 7 8 72 ,2 49 9 0 7 ,1 2 4 932 ,83 1 9 64 ,4 77 9 9 8,5 0 5 1 ,0 2 5 ,5 1 5 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 2 7 0 ,9 1 7 110 ,12 5 35,340 19,681 17,936 99 17,837 7 ,465 5 ,318 4,641 19,744 4 ,486 5 ,993 9 ,265 119 ,04 8 70,471 9,221 2 8 5 ,4 5 8 113 ,73 4 3 6,6 89 18,738 19,148 131 19,017 8 ,14 0 5 ,97 3 5 ,03 5 20,012 4 ,52 2 5,9 27 9 ,56 3 1 27 ,46 7 7 1,8 46 10,379 26,386 12,646 6 ,20 9 19,205 18,849 17,532 1 ,317 6 ,203 3 0 6 ,2 4 5 123 ,61 4 3 9,7 37 19,722 2 1,6 75 158 2 1,5 17 9 ,13 7 6 ,646 5 ,540 2 1,1 57 4 ,85 0 6 ,27 8 10,029 1 35 ,51 7 74,721 11,356 2 8,980 13,934 6 ,52 6 19,358 2 1,3 00 19,898 1,402 6,4 56 3 3 5 ,7 3 3 138 ,06 0 44,101 22,406 24,761 187 2 4,5 74 10,357 7 ,495 6 ,12 3 22,818 5 ,29 8 6 ,75 8 10,761 1 46 ,08 8 78,253 12,527 3 2,3 53 15,898 7 ,05 8 2 0,6 49 23,985 22,479 1 ,506 6,951 3 6 3 ,4 7 2 148 ,11 4 4 6,3 98 2 5,2 83 26,932 245 26,688 11,547 8 ,187 6 ,90 9 2 2,858 5 ,64 7 6,9 84 10,227 157 ,42 5 80,721 14,000 37,405 18,040 7 ,26 0 2 4,4 29 26,305 24,772 1 ,534 7 ,19 8 3 7 6 ,2 6 6 152 ,84 0 4 6,7 90 2 6,2 90 28,445 273 28,172 11,964 8 ,52 0 7 ,31 6 23,516 5 ,987 7 ,288 10,241 1 63 ,85 5 80,502 14,943 41,994 19,099 7 ,31 6 24,843 27,842 2 6,269 1,573 6,8 86 3 8 1,0 2 2 157,591 47,456 27,197 2 9,7 60 305 29,455 12,577 8 ,807 7 ,679 2 4,1 16 6,363 7 ,649 10,104 164 ,11 7 7 8,3 56 16,118 42,741 19,685 7,216 25,104 27,230 25,629 1 ,602 6 ,980 3 9 2 ,4 1 0 1 66 ,93 6 4 9,2 79 2 8,9 44 3 2 ,1 15 3 06 3 1 ,8 08 13,504 9 ,36 4 8 ,40 4 2 5,3 27 7 ,006 8 ,12 9 10,192 164,26 4 7 6,910 1 6,434 4 3 ,3 88 2 0,3 40 7 ,19 3 25,981 2 8,0 38 2 6,3 56 1 ,68 2 7,191 4 0 5 ,0 6 5 1 77 ,1 89 5 1,2 25 3 0,8 26 34,841 2 96 3 4 ,5 45 1 4,4 90 10,007 9 ,3 5 9 26,441 11,319 5,764 18,456 16,720 15,431 1,289 6,568 278 ,22 1 111 ,51 4 36,002 19,219 18,353 114 18,239 7 ,71 8 5 ,57 8 4 ,81 5 19,829 4 ,482 5 ,91 0 9 ,437 123 ,52 6 71,034 9 ,75 2 24,506 12,144 6,091 19,094 17,670 16,363 1 ,307 6 ,417 3 5 3 ,5 5 3 145 ,68 7 4 6,3 66 2 4,1 76 62 63 64 65 66 67 2 5 7 ,6 1 7 105 ,44 5 33,621 18,702 17,573 80 17,492 7 ,08 6 4 ,988 4 ,264 19,210 4 ,42 5 5 ,95 9 8 ,827 113,42 0 68,405 8 ,685 2 0,469 10,447 5,4 14 16,735 15,510 14,209 1,301 6 ,50 8 7 ,01 6 27,030 28,661 2 6,8 87 1 ,77 4 7 ,47 8 4 1 7 ,1 0 6 187,231 5 3,0 49 3 2,6 52 3 7,3 05 3 30 3 6,975 15,396 10,622 10,324 2 7,882 8 ,386 9,1 92 10,304 165,761 7 4,3 79 18,125 4 6 ,2 14 2 0,1 59 6 ,885 2 8,0 40 2 8,2 83 2 6,4 13 1 ,870 7 ,79 0 68 69 70 71 72 73 74 75 76 77 78 79 3 6 7 ,7 4 9 323 ,92 2 3 2 3,1 6 9 2 96 ,74 2 25,089 2 71 ,65 3 26,427 753 29 723 4 0,9 37 2 ,89 0 3 8 7,5 3 8 3 40 ,01 7 339,091 3 12 ,14 2 25,430 2 86 ,71 2 26,950 9 26 35 891 44,583 2 ,93 8 4 0 3 ,6 6 9 3 52 ,7 29 3 51 ,65 5 3 24 ,43 8 25,463 298 ,97 5 2 7,216 1,0 75 41 1,034 4 7,9 59 2,981 4 2 4 ,4 9 9 369,761 3 68 ,55 3 3 40 ,84 3 25,656 3 15 ,18 6 2 7,7 10 1 ,208 45 1 ,163 51,680 3 ,05 9 4 5 4 ,4 9 0 3 94 ,94 8 3 9 3,4 6 7 3 6 4,9 1 4 2 6,1 02 3 38 ,81 2 28,553 1,482 53 1 ,428 5 6,3 56 3 ,185 4 78 ,66 1 4 14 ,43 2 4 12 ,53 2 3 83 ,42 9 2 6,3 43 3 57 ,08 5 2 9,1 03 1 ,90 0 67 1 ,833 6 0,9 12 3 ,31 7 4 9 3 ,2 0 4 5 0 8 ,7 7 7 4 35 ,8 40 4 33 ,2 50 4 00 ,54 3 25,975 3 74 ,56 9 3 2,7 07 2 ,59 0 86 2 ,50 4 69,629 3 ,30 7 5 3 0 ,8 5 8 4 5 2,6 3 7 4 49 ,76 4 4 14 ,74 5 25,879 3 8 8,8 6 6 3 5,0 19 2 ,87 3 96 2 ,778 74,743 3 ,47 8 5 51 ,8 09 4 68 ,05 6 4 64 ,85 0 4 27 ,7 13 25,811 401,901 37,138 3,2 06 106 3,1 00 8 0,1 10 3 ,642 5 7 2 ,0 6 7 4 83 ,06 7 4 7 9,7 7 4 4 3 9,8 8 2 2 5,7 82 4 1 4,1 0 0 3 9,8 92 3 ,29 3 105 3 ,1 8 9 8 5 ,1 13 3 ,88 7 5 9 3 ,4 4 0 4 99 ,5 02 4 96 ,3 20 4 52 ,3 58 2 5,693 4 26 ,66 5 4 3,9 62 3 ,1 8 3 99 3 ,08 3 8 9,6 18 4 ,31 9 6 0 8 ,4 0 9 5 08 ,89 5 5 05 ,45 8 4 56 ,9 42 2 5,1 20 4 31 ,82 3 4 8,5 16 3 ,43 7 104 3 ,33 4 9 4,9 38 4 ,575 " 6 1 ....... 2 2 ,2 7 2 2 6 ,1 8 8 218 2 5 ,9 70 11,084 7 ,91 0 6 ,55 5 2 3,4 07 5 ,495 6 ,895 11,018 153 ,17 3 80,291 1 3,2 74 3 5 ,1 3 6 1 7 ,2 1 5 7 ,2 5 7 2 2,1 82 2 5,2 73 2 3,7 47 1 ,526 7 ,23 8 4 2 4 ,6 7 7 4 22 ,39 6 3 92 ,89 9 26,184 3 66 ,7 15 2 9,4 97 2,281 76 2 ,205 6 5,2 35 3 ,29 2 7 ,61 6 8 ,67 4 10,151 1 6 4,7 0 7 7 5,9 52 16,893 4 4 ,5 65 2 0 ,2 8 2 Fixed Assets and Consumer Durable Goods in the United States, 1925—97 2 0 T a b le 2 . 1 . C u r r e n t- C o s t N e t S to c k o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu re s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ; yearend es tim a tes ] 1964 L in e P riv a te fix e d a s s e ts E q u ip m e n t a n d s o ftw a re N o n r e s id e n t ia l e q u ip m e n t an d s o ftw a re In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re C o m p u te rs a n d p e r ip h e ra l e q u ip m e n t S o ftw a re 1 C o m m u n ic a tio n e q u ip m e n t In s tru m e n ts P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t In d u s tr ia l e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu r b in e s S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o r k in g m a c h in e ry S p e c ia l in d u s try m a c h in e ry , n .e .c . G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t E le c tric a l t r a n s m is s io n , d is tr ib u tio n , a nd in d u s tria l a p p a ra tu s T ra n s p o rta tio n e q u ip m e n t T ru c k s , b u s e s , a n d tr u c k tr a ile r s A u to s A ir c r a ft S h ip s a n d b o a ts R a ilr o a d e q u ip m e n t O th e r e q u ip m e n t F u rn itu re a n d fix tu re s H o u s e h o ld fu r n it u r e O th e r fu r n it u re T r a c to rs F a rm t r a c to r s C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s M in in g a n d o ilf ie ld m a c h in e ry S e rv ic e in d u s try m a c h in e ry E le c tric a l e q u ip m e n t, n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n re s id e n tia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tru ctu res N o n r e s id e n t ia l s tru c tu res N o n re s id e n tia l b u ild in g s , e x c lu d in g fa rm In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r Gas P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo r a tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n tia l s tru c tu res H o u s in g u n its P e rm a n e n t s ite 1 - to - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p r o v e m e n ts O th e r r e s id e n tia l6 S e e th e s e c t i o n “ F o o t n o t e s t o t h e T a b le s ." 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1 1 ,3 3 0 ,2 8 8 1 ,4 1 8 ,1 4 9 1 ,5 3 8 ,6 8 0 1 ,6 4 9 ,1 6 5 1 ,8 1 5 ,7 0 3 1 ,9 7 3 ,7 4 5 2 ,1 2 9 ,5 8 0 2 ,3 6 6 ,3 8 9 2 ,6 1 3 ,5 2 4 2 ,9 6 8 ,1 9 4 3 ,4 8 9 ,4 2 9 3 ,8 1 5 ,1 7 6 4 ,2 0 7 ,4 7 3 2 2 3 2 ,9 8 7 2 5 0 ,6 7 6 278,77 1 3 0 6 ,0 9 9 3 3 8,1 3 7 3 7 4 ,4 2 7 4 1 1 ,3 4 0 4 4 1 ,9 2 0 4 7 6 ,6 2 3 5 3 4 ,6 8 7 6 6 0 ,4 5 4 7 5 3 ,7 7 6 833,601 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 2 28 ,52 1 3 1,159 1 ,730 683 18,061 4 ,933 2,154 3 ,598 9 2,8 47 8 ,613 5 ,464 4 ,878 585 16,791 19,746 2 4 6 ,0 2 3 34,201 2 ,067 911 19,696 5 ,19 2 2 ,77 3 3 ,56 2 9 9,5 42 9,011 5 ,485 4 ,86 4 622 18,190 2 1,3 12 2 73 ,8 22 3 9,5 13 2,851 1 ,302 2 2 ,1 17 5 ,733 3 ,603 3 ,90 7 111 ,02 4 9,7 00 5,7 40 5 ,05 9 681 20,661 2 4,095 3 0 0 ,8 3 2 4 4,6 64 3 ,68 3 1,685 2 4,827 6 ,326 4,021 4 ,123 122,83 2 10,436 6 ,51 4 5 ,78 3 731 2 3,7 75 2 6,0 67 3 3 2 ,5 1 5 5 0,739 4 ,529 2 ,080 2 8,7 29 6 ,97 3 4 ,30 4 4 ,124 134 ,62 5 11,418 7 ,249 6 ,454 7 95 27,111 2 8,3 69 3 6 8 ,2 3 3 58,291 5 ,74 6 2 ,70 5 3 2 ,7 90 7 ,75 2 4 ,82 2 4 ,47 6 146 ,78 5 1 2,8 18 8 ,35 0 7 ,46 0 8 89 2 9,7 83 3 0,7 42 4 0 4 ,5 5 8 6 6 ,9 99 6 ,47 6 3 ,509 3 8 ,3 76 8,631 5 ,43 7 4 ,56 9 161 ,12 4 14,681 9 ,86 2 8,9 04 9 58 3 2 ,9 05 3 2 ,9 80 4 3 4 ,4 7 3 7 4 ,7 69 6 ,78 5 4 ,14 6 4 3,392 9,561 6 ,26 3 4 ,62 2 1 72 ,08 3 16,436 1 1,1 45 10,145 1 ,00 0 3 4 ,7 00 3 5 ,0 54 4 6 8 ,3 7 6 83,471 8 ,68 7 5 ,09 5 4 7,1 73 10,529 7 ,204 4 ,783 180 ,97 2 18,188 12,489 11,440 1 ,049 3 5,8 58 36,322 5 2 5 ,2 4 0 94,511 10,311 6 ,230 5 1,7 42 12,064 8 ,676 5 ,488 199 ,26 3 21,191 13,753 12,592 1,161 3 8,9 77 4 0,2 25 6 4 8 ,7 5 9 1 15 ,99 0 11,787 7 ,89 9 6 3 ,8 19 1 5,2 73 10,465 6 ,74 7 246,051 2 6,8 89 16,107 1 4,609 1 ,498 4 9 ,3 84 5 0 ,6 29 7 4 0 ,5 0 2 1 29 ,86 8 12,752 9 ,37 8 7 0,042 17,905 1 2,5 49 7,241 2 87 ,75 5 3 2,4 75 2 0,7 86 19,028 1 ,758 5 5,6 87 5 6 ,3 93 818 ,89 1 141,284 13,976 10,747 7 3,2 98 2 0,6 10 14,570 8,081 317 ,11 6 36,754 2 3,3 36 2 1,3 26 2 ,010 61,241 6 2,4 30 18 19,157 2 1,0 38 2 3,497 2 5,3 44 2 7,2 67 2 9 ,5 27 3 2,338 3 4,4 42 3 5,9 29 38,835 4 7 ,5 08 5 7,3 60 6 4,0 58 4 6,2 82 1 17 ,66 6 36,947 20,319 20,788 13,181 26,431 113,80 0 23,547 2 ,693 20,854 14,043 10,958 3 ,085 21,651 17,172 5,802 14,084 4 ,219 1,391 2 ,828 13,282 5 5,534 141 ,36 6 4 3 ,2 75 2 2 ,9 73 2 4,1 49 16,750 3 4 ,2 19 145,351 2 8 ,8 68 3 ,22 5 2 5,6 43 19,101 1 4,5 29 4 ,57 2 2 8 ,0 24 22,421 7 ,94 6 16,579 5 ,492 1,7 20 3 ,77 2 16,920 6 5,0 54 158,011 4 6 ,5 69 2 4 ,7 85 2 6,7 55 18,786 4 1,1 15 1 64 ,86 8 29,781 3,3 24 2 6,4 57 2 2,2 54 16,837 5 ,417 3 2,4 82 2 6,798 10,764 17,525 6 ,324 1,834 4 ,490 18,941 6 9,2 97 176 ,04 0 51,518 27,987 30,383 2 1,4 18 4 4,7 35 184,451 3 1,8 65 3,6 45 2 8,220 25,497 19,457 6 ,040 37,409 29,484 13,199 18,931 7 ,388 2 ,090 5,298 20,677 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 2 3,0 77 52,730 14,427 11,002 4,561 6 ,372 16,369 51,784 10,657 871 9,7 86 6,421 5,001 1 ,420 9 ,62 0 6,701 3 ,366 7 ,202 1,916 726 1,190 5 ,900 2 4,5 05 5 6,3 33 15,694 11,720 5,4 12 6 ,52 3 1 6,984 5 5,947 11,379 9 04 10,475 6 ,97 6 5 ,39 0 1 ,586 10,385 7 ,48 6 3 ,54 0 7 ,56 9 2 ,13 5 7 66 1 ,369 6 ,475 2 7 ,3 32 6 1,0 16 17,629 12,394 6 ,772 6 ,808 1 7,4 13 6 2,2 69 12,570 958 11,612 7,941 6 ,117 1,823 11,223 8 ,468 3 ,86 8 8 ,599 2 ,354 829 1,5 24 7,2 46 3 0,6 97 6 6,3 08 19,109 13,054 8,731 7 ,15 7 18,258 6 7,0 28 1 3,7 20 1 ,022 1 2,6 98 8 ,62 8 6 ,71 3 1,9 14 12,118 9,3 52 3,921 9 ,47 7 2,291 789 1,502 7,521 3 3 ,2 10 7 4,3 56 2 1,3 08 14,592 11,703 7 ,764 18,989 7 2,7 96 14,923 1,1 58 13,765 9,4 38 7 ,41 3 2 ,025 13,027 10,476 4 ,07 9 10,161 2 ,547 847 1,700 8 ,145 3 5 ,5 66 8 3,6 06 2 4,3 52 15,926 1 3,979 8 ,57 6 2 0,772 7 9,552 16,594 1 ,35 4 1 5,2 40 1 0,0 23 7 ,86 9 2 ,15 4 14,269 11,613 4 ,28 8 11,078 2 ,74 8 9 38 1 ,810 8 ,93 8 3 8 ,3 59 8 9,732 2 6 ,3 35 1 6,3 67 1 5,8 45 9 ,434 21,751 8 6 ,7 03 1 7,8 20 1 ,600 1 6,2 20 10,730 8 ,423 2 ,30 7 1 5,8 55 12,724 4 ,77 5 12,037 3 ,01 4 9 92 2 ,02 2 9,7 48 4 0,3 06 9 4,9 14 28,418 17,115 16,281 10,129 2 2,9 70 9 2 ,7 07 1 8,6 78 1,8 93 16,785 11,132 8,7 25 2 ,40 6 17,281 1 3,789 5 ,1 7 9 12,775 3 ,25 0 1,051 2 ,20 0 10,624 4 2,1 84 104 ,01 8 3 1,5 90 18,364 17,629 11,178 2 5,2 56 9 9,9 15 20,281 2 ,23 7 18,044 12,103 9 ,495 2 ,608 18,379 15,185 5 ,37 0 13,189 3 ,654 1,183 2,471 11,755 41 4 ,4 6 6 4 ,6 5 3 4 ,9 4 9 5 ,2 6 7 5 ,6 2 2 6 ,1 9 4 6 ,7 8 2 7 ,4 4 7 8 ,2 4 7 9 ,44 7 1 1 ,6 9 6 1 3 ,2 7 4 1 4 ,7 10 42 1 ,0 9 7 ,3 0 1 1 ,1 6 7 ,4 7 3 1 ,2 5 9 ,9 0 9 1 ,3 4 3 ,0 6 6 1 ,4 7 7 ,5 6 6 1 ,5 9 9 ,3 1 8 1 ,7 1 8 ,2 4 0 1 ,9 2 4 ,4 6 9 2 ,1 3 6 ,9 0 1 2 ,4 3 3 ,5 0 7 2 ,8 2 8 ,9 7 5 3 ,0 6 1 ,4 0 0 3 ,3 7 3 ,8 7 2 10,651 6 44 ,98 1 3 32 ,76 5 9 3 ,9 48 5 5,4 53 7 1,1 63 5 97 7 0,5 66 2 5 ,1 06 1 8,762 2 2,113 4 6,219 14,854 1 3,5 64 17,801 2 18 ,6 24 8 3,5 84 3 0,7 89 66,304 2 9,6 79 8 ,26 8 4 1,6 48 3 9,9 80 36,975 3 ,00 4 11,964 7 0 9 ,3 3 8 3 70 ,42 9 1 04 ,51 2 6 1,713 8 0 ,3 43 6 23 7 9 ,7 20 2 7 ,2 57 2 0,5 97 2 5 ,8 58 5 0 ,1 50 1 6,5 54 14,655 18,941 2 3 8,1 3 3 8 7 ,8 49 3 4 ,4 54 7 4,1 23 3 2,7 50 8 ,957 4 5 ,2 90 4 1 ,7 59 38,391 3 ,36 8 13,727 7 9 1 ,1 1 2 4 21 ,2 79 1 16 ,97 0 7 0,8 52 9 3,4 45 6 20 92,825 3 0,1 78 2 3,2 15 3 0,9 94 55,626 18,910 16,230 2 0,4 86 2 59 ,22 2 9 2,7 06 37,082 8 3,184 3 6,319 9,931 5 0,472 44,761 4 0,8 80 3 ,88 0 15,378 8 66 ,2 07 469,111 1 27 ,32 6 8 0,0 17 106,361 622 105 ,73 9 3 2,6 89 2 5,5 55 3 6,2 47 60,916 21,739 17,642 21,534 2 77 ,52 6 9 5,584 4 1,155 9 2,2 99 38,221 10,268 5 4,7 38 4 7,9 62 43,589 4 ,37 2 16,870 9 7 5 ,1 3 3 5 30 ,01 3 142 ,45 8 9 1,3 39 1 22 ,18 9 6 77 121 ,51 3 35,663 2 8,209 4 2,243 67,912 25,284 19,447 23,181 312,54 2 105 ,25 4 49,526 102,801 43,641 11,320 60,487 52,907 47,914 4 ,99 3 19,183 1 ,1 7 2 ,9 3 8 627,241 1 67 ,63 0 108,96 5 1 46 ,85 4 812 146 ,04 2 40,991 3 2,4 22 5 1,3 00 7 9 ,0 80 2 9,8 65 2 2,4 40 2 6,7 76 3 7 6,9 8 4 1 33 ,04 3 5 8,6 69 119 ,67 4 51,851 13,746 7 0 ,9 19 7 3 ,2 96 6 7,1 37 6,1 59 2 4,4 97 1 ,2 6 9 ,5 6 2 6 61 ,9 34 1 76 ,75 0 115 ,51 0 156 ,01 3 885 1 55 ,12 8 42,471 3 3,5 69 55,826 8 1,7 94 31,101 2 3,2 54 2 7,4 38 4 2 1,0 3 4 141,151 6 1,812 143,941 57,290 16,839 7 5,273 84,977 78,047 6 ,92 9 26,345 1 ,3 8 5 ,1 4 6 710 ,66 6 190 ,11 9 124 ,14 6 168 ,32 8 1,024 167 ,30 4 44,869 35,371 6 1,7 57 86,076 32,762 24,690 28,624 4 67 ,57 2 152,21 3 69,888 164,03 3 60,867 20,571 81,302 97,758 89,683 8 ,076 2 7,8 48 8 9 1 ,5 1 4 7 43 ,86 9 7 36 ,08 8 6 4 8,7 3 6 3 1,0 78 6 17 ,65 8 87,352 7,781 2 13 7,5 68 139 ,67 3 7,9 72 9 5 4 ,3 3 8 7 90 ,75 8 7 8 0,3 2 0 6 8 3,1 1 9 3 1,9 39 6 51 ,1 80 97,201 10,438 278 10,160 1 55 ,2 15 8 ,36 4 1 ,0 0 8 ,9 0 2 8 31 ,13 4 8 18 ,7 98 7 12 ,2 10 3 2 ,6 18 6 79 ,59 2 1 06 ,58 7 1 2,3 37 329 12,008 1 69 ,16 6 8,601 1 ,1 3 3 ,3 5 7 937,281 9 22 ,6 46 7 95 ,72 6 3 5,3 78 7 6 0,3 4 8 1 26 ,92 0 14,635 391 14,244 186,761 9 ,31 5 1 ,2 7 0 ,6 9 4 1 ,0 57,28 7 1 ,0 39,39 2 8 88 ,01 0 38,225 849 ,78 5 151 ,38 3 17,895 497 17,397 2 03 ,47 2 9 ,93 5 1 ,4 5 8 ,3 7 3 1,218,191 1 ,1 95,59 7 1 ,0 11,61 5 42,166 9 69 ,45 0 183 ,98 2 22,593 673 21,920 229,351 10,832 1 ,6 5 6 ,0 3 7 1 ,3 76,13 9 1 ,3 47,45 2 1,135,481 4 6 ,5 65 1 ,088,916 211,971 28,687 999 2 7,6 88 268,121 11,777 1 ,7 9 1 ,8 3 8 1 ,4 8 6,89 6 1 ,4 5 5,97 2 1 ,2 2 8,14 3 49,389 1 ,1 7 8,75 4 2 27 ,82 9 30,924 1,167 2 9,7 57 2 92 ,52 2 12,420 1 ,9 8 8 ,7 2 5 1 ,6 47,47 2 1 ,6 1 2,25 3 1 ,3 67,62 5 53,418 1 ,3 14,20 7 2 44 ,62 8 35,219 1,401 33,819 327 ,89 6 13,357 43 44 45 46 47 48 49 50 51 52 53 54 55 56 ....... 5 7 ...... 58 59 60 61 62 63 64 .......65..... 66 67 4 3 9 ,9 0 7 2 03 ,55 4 5 6,7 36 3 5,4 63 4 0,8 65 385 4 0 ,4 80 16,658 11,561 11,805 30,466 9 ,35 9 9,8 60 11,247 169 ,05 5 74,624 19,119 48,434 20,173 6 ,705 29,707 29,576 2 7,5 68 2 ,008 8 ,015 4 6 8 ,5 2 3 2 2 2,2 0 3 6 1,5 65 3 8,2 14 4 5 ,3 57 411 4 4,9 46 18,027 1 2,468 13,320 3 3,253 10,232 10,470 12,551 1 75 ,29 0 74,731 2 0,9 67 5 1,1 05 2 1,6 20 6 ,86 8 31,224 3 1,3 03 2 9,1 67 2 ,13 6 8 ,50 2 5 0 4,1 6 3 2 45 ,5 19 6 8,690 41,511 50,481 438 5 0,0 43 19,595 13,742 1 5,0 62 3 6,4 38 11,197 11,147 14,094 182 ,33 7 7 5 ,0 02 2 3,1 50 5 4,3 78 2 2,8 75 6 ,932 33,262 3 3,8 69 3 1,5 79 2,2 90 9,1 76 5 3 7 ,2 4 2 2 66 ,18 6 74,687 4 4,4 99 5 5,2 78 4 87 54,791 2 0,9 32 14,986 16,610 3 9,1 95 12,030 11,676 15,488 1 90 ,57 6 7 6,4 87 2 5,2 75 57,755 2 3,943 7 ,11 6 3 5,253 3 5,407 32,974 2 ,43 3 9 ,82 0 5 86 ,0 52 2 97 ,39 9 83,477 4 9,6 37 6 2,7 10 5 27 6 2,1 83 2 3,0 66 16,905 19,050 4 2,5 54 13,342 12,559 16,652 2 01 ,96 5 7 9,838 26,521 6 0,899 26,925 7 ,782 38,424 3 7,6 14 3 4,9 16 2 ,698 68 69 70 71 72 .......7 3 ..... 74 75 76 77 78 79 6 5 7 ,3 9 3 5 51 ,1 30 5 46 ,98 8 4 90 ,3 25 26,099 4 6 4,2 2 6 56,662 4 ,143 124 4 ,01 8 1 01 ,04 9 5,2 14 6 9 8 ,9 5 0 5 86 ,25 0 5 81 ,51 5 5 1 8,5 6 7 2 6,7 22 4 91 ,84 5 62,947 4 ,73 5 138 4 ,59 7 106,84 3 5 ,85 7 7 5 5 ,7 4 6 6 32 ,64 4 627,261 5 57 ,27 2 27,981 529,291 6 9,9 88 5 ,383 154 5 ,22 9 1 16 ,48 9 6 ,614 8 0 5 ,8 2 4 6 72 ,71 4 6 66 ,3 58 590,161 2 8,9 74 5 61 ,18 7 7 6,1 97 6 ,35 6 176 6 ,18 0 125 ,91 5 7 ,19 5 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 21 T a b le 2 . 1 . C u r r e n t- C o s t N e t S to c k o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ; yearend es tim a tes ] L in e P riv a te fix e d a s s e t s E q u ip m e n t a n d s o f tw a r e 1 1977 4 ,7 8 7 ,4 2 6 1978 5 ,4 7 2 ,9 6 5 1979 1980 1981 1982 6 ,3 3 9 ,9 1 5 7 ,2 1 2 ,6 8 6 7 ,9 4 9 ,7 4 6 8 ,3 7 6 ,0 8 6 1983 1984 1986 1987 1988 1989 8 ,6 6 7 ,5 5 6 9 ,1 6 3 ,4 7 2 9 ,6 5 7,7 6 1 1985 1 0 ,2 6 6 ,6 2 6 1 0 ,8 5 7 ,3 0 0 1 1 ,5 4 0 ,8 9 6 1 2 ,1 9 7 ,2 3 9 2 9 3 6 ,6 9 8 1 ,0 6 6 ,8 0 5 1 ,2 4 2 ,2 3 5 1 ,4 4 4 ,8 1 1 1 ,6 0 3 ,6 1 1 1 ,6 9 6 ,2 6 8 1 ,7 5 6 ,8 8 5 1 ,8 4 9 ,1 9 9 1 ,9 5 7 ,3 5 9 2 ,0 7 4 ,8 6 7 2 ,1 7 3 ,0 1 9 2 ,3 1 0 ,4 6 8 2 ,4 4 8 ,5 9 6 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 9 20 ,30 1 151,651 16,501 11,832 7 4,257 2 4,6 69 15,625 8,7 68 3 58 ,06 9 4 5,8 92 2 5,8 60 23,651 2 ,20 9 68,881 6 6,9 34 1 ,0 4 7 ,9 8 4 1 73 ,80 7 18,495 1 3,7 32 8 4,1 30 2 8,795 18,344 10,312 4 01 ,38 8 5 3,326 2 7,277 2 4,605 2,671 7 8,487 7 5,8 74 1 ,2 2 0 ,8 8 5 2 03 ,50 7 2 3,0 80 17,170 95,659 3 3,6 70 2 1,2 50 12,677 463,181 62,985 3 1,1 33 28,101 3 ,032 9 2,4 02 86,044 1 ,4 2 0 ,1 2 9 2 50 ,98 0 3 0,1 95 2 1,1 53 1 20 ,17 0 39,951 24,661 14,850 5 38 ,42 8 7 1,4 35 3 7,4 18 3 3,8 02 3 ,61 6 108 ,83 0 9 9,2 53 1 ,5 7 5 ,6 3 2 2 91 ,28 7 4 1,133 2 5,868 1 35 ,39 7 4 6,3 43 26,201 16.345 5 83 ,56 6 7 8,1 33 3 7,8 70 33,921 3,9 49 118 ,12 7 1 08 ,70 8 1 ,6 6 5 ,7 3 0 3 31 ,63 6 5 0,6 07 3 0,4 90 151 ,87 8 5 3,746 2 9,025 15,890 6 09 ,91 2 8 4,585 3 7,052 33,171 3,881 1 23 ,39 6 1 14 ,68 0 1 ,7 2 4,2 3 1 3 69 ,86 9 5 6,3 34 3 5,0 78 1 71 ,09 6 5 8,3 40 3 0 ,2 77 1 8,7 45 6 16 ,9 90 8 4 ,6 52 3 6 ,8 12 3 3 ,1 06 3 ,706 1 21 ,31 4 1 19 ,38 2 1 ,8 1 4 ,4 1 4 4 2 3,0 1 2 6 9,3 26 4 1,5 29 1 94 ,39 3 6 3,5 24 3 3,7 76 20,463 6 27 ,54 4 82,410 3 6,7 50 3 3,0 23 3 ,7 2 7 1 21 ,27 8 122,501 1 ,9 2 0 ,6 4 9 4 65 ,13 5 7 5,840 47,961 2 13 ,44 7 6 8,984 3 6,745 2 2,157 6 60 ,68 2 8 1,730 3 6,815 33,054 3,761 129 ,10 7 131 ,53 6 2 ,0 3 5 ,1 3 4 511 ,82 2 84,065 5 3 ,9 09 2 31 ,68 5 7 6,3 18 4 0,0 85 2 5,7 59 6 98 ,96 3 7 9,9 65 3 7,7 23 3 3,7 77 3 ,94 6 137,12 3 143,50 8 2 ,1 3 0 ,5 9 4 5 46 ,3 57 8 5,2 87 6 1 ,5 70 2 4 7,5 5 5 83,661 4 3 ,1 20 2 5,1 65 7 3 7,3 1 2 80,351 3 7,8 42 3 3,7 49 4 ,09 3 143 ,37 3 1 55 ,10 2 2 ,2 6 4 ,8 9 3 5 81 ,6 17 9 0,3 38 7 0,5 80 2 60 ,6 13 9 0 ,7 25 4 6 ,1 73 2 3 ,1 88 7 83 ,99 6 8 5,1 32 3 9,6 83 3 5,3 04 4 ,37 9 1 49 ,79 2 1 67 ,12 6 2 ,4 0 0 ,2 3 8 6 2 1 ,7 8 9 9 1,6 50 8 1,6 25 2 7 7,4 2 3 1 00 ,15 4 4 9 ,1 88 2 1 ,7 49 8 3 8,5 1 8 8 6 ,9 97 4 7,8 45 4 3 ,1 18 4 ,72 7 1 57 ,54 3 1 79 ,20 8 G e n e ra l in d u s t r ia l, i n c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 7 2,6 30 8 1 ,6 38 95,541 1 10 ,93 8 120 ,08 3 122 ,91 3 1 22 ,81 5 1 24 ,73 3 134 ,42 7 145,17 2 1 56 ,90 0 1 67 ,80 2 1 7 7,6 4 6 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 77,871 2 01 ,87 5 6 0,4 25 33,621 3 4,2 84 2 4,6 50 4 8,8 94 2 08 ,70 6 3 5,8 94 3 ,974 3 1,9 19 2 9,2 29 2 1,9 53 7 ,27 7 4 1,2 33 3 4,4 34 16,452 20,541 8 ,32 4 2 ,33 6 5 ,988 2 2,5 99 8 4,7 86 2 32 ,08 8 7 1,7 93 3 9,6 45 3 8,9 07 2 7,6 09 5 4,1 33 240,701 4 1 ,2 52 4 ,50 3 3 6 ,7 49 3 4,0 43 2 4,9 97 9 ,046 4 5,7 10 4 0 ,4 74 19,062 2 2,5 42 10,919 2 ,54 5 8 ,37 4 2 6 ,6 99 9 5,0 77 2 70 ,03 7 8 4,6 38 4 3 ,8 49 47,401 3 2,092 6 2,0 57 2 84 ,16 0 4 6,623 5,021 4 1,602 4 0,592 3 0,372 10,220 5 5,607 4 8,199 2 2,487 25,604 12,789 2 ,81 6 9,9 73 32,261 1 10 ,55 3 3 04 ,03 5 9 4,0 27 4 5,2 54 56,951 3 6,5 97 7 1,2 06 3 26 ,68 6 5 3,3 19 5,641 4 7 ,6 78 4 5 ,3 38 3 4 ,3 57 10,982 6 2,1 87 5 4,6 92 2 7,7 88 2 9,1 92 15,173 3 ,17 3 12,000 3 8,9 97 120 ,64 5 3 3 5,2 5 0 101 ,61 8 48,871 6 6,0 20 4 4,0 94 7 4,6 48 3 65 ,52 8 5 9,0 96 6 ,08 6 5 3,0 10 5 0,4 59 3 8 ,3 29 12,129 6 7,7 48 5 8,4 52 3 5,0 15 3 1,9 33 17,179 3,161 14,018 4 5 ,6 45 127 ,28 5 3 44 ,17 5 102 ,30 6 5 0,3 55 7 1,6 88 4 5,7 57 7 4,0 69 3 80 ,00 7 6 4,3 78 6 ,23 6 5 8,1 43 4 9,9 92 3 8,4 86 11,506 70,266 5 7,4 57 3 6,5 30 3 3,4 27 18,043 2 ,96 3 15,080 4 9,9 15 1 32 ,01 6 3 57 ,2 19 106,38 7 5 7 ,0 16 7 4,0 32 4 7,2 94 72,491 3 80 ,15 2 70,111 6,4 29 63,681 4 7 ,9 14 3 7 ,3 19 1 0,5 95 6 8,3 83 5 4 ,6 62 3 3 ,2 19 3 4 ,6 96 1 9,3 75 2 ,98 3 16,392 5 1,7 93 139 ,87 2 3 75 ,99 6 1 15 ,41 0 6 5,1 23 76,011 4 8,0 47 71,405 3 87 ,8 62 7 7,5 33 6 ,69 3 7 0,8 40 4 7 ,2 79 3 6,9 59 10,320 66,146 53,349 31,121 37,111 2 1,0 78 2 ,83 9 18,238 5 4,2 45 147 ,06 7 3 96 ,14 2 127 ,99 4 7 2,2 16 7 8,8 39 4 7,2 39 69,853 398,691 86,249 7 ,002 7 9,2 47 4 5,9 90 3 6,1 59 9,831 62,965 5 4,8 98 28,791 40,015 2 2,8 19 2 ,913 19,906 56,964 155,471 4 13 ,35 9 135,25 0 8 0,825 8 3,245 4 6 ,8 98 67,141 410,991 9 4,559 7,3 86 8 7,1 73 4 6,0 46 3 6,6 13 9 ,43 3 6 0,8 02 5 7,4 14 2 4,2 96 4 2,6 76 2 4,6 38 2 ,88 8 2 1 ,7 50 6 0 ,5 59 1 63 ,74 5 4 1 6,5 9 6 1 37 ,33 0 8 2,7 32 8 6,5 88 4 5 ,6 03 6 4,3 43 4 3 0 ,3 2 9 1 0 4,2 4 7 7 ,72 6 96,521 4 6 ,4 19 3 6 ,6 77 9,741 5 9 ,1 33 6 1 ,1 28 2 2,0 04 4 5,7 85 2 6,8 00 2 ,99 3 2 3,8 06 6 4,8 13 1 74 ,46 0 4 43 ,5 23 147,71 3 8 8,630 9 4,259 4 6,420 66,501 4 55 ,7 58 1 14 ,92 2 8 ,162 1 06 ,75 9 47,701 37,771 9 ,93 0 5 9,8 67 6 2,9 20 2 0,8 55 5 0,3 57 2 8,6 16 3,061 2 5,5 55 7 0,5 20 1 8 9,2 7 9 4 5 5 ,2 5 2 1 5 0,5 3 8 8 9,5 13 9 9,0 93 4 6,8 85 6 9,2 24 4 84 ,6 79 1 26 ,38 0 8 ,392 1 17 ,98 8 4 9 ,6 07 3 9 ,0 74 1 0,5 33 6 2 ,5 86 66,781 1 9,9 67 5 3,3 08 3 0,1 67 3 ,120 2 7,0 47 7 5,8 84 N o n r e s id e n tia l e q u i p m e n t a n d s o f tw a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o ftw a r e C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t S o ftw a re 1 C o m m u n ic a t io n e q u ip m e n t in s t r u m e n t s P h o t o c o p y a n d r e la te d e q u ip m e n t O ffic e a n d a c c o u n t in g e q u ip m e n t In d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O th e r e q u ip m e n t F u r n it u r e a n d f i x t u r e s H o u s e h o ld f u r n it u r e O th e r fu r n it u r e T r a c to r s F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u i p m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c tu r e s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d i n s t it u t io n a l b u ild in g s O th e r H o te ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l ig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a rm r e la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f ts , a n d w e lls P e t r o le u m a n d n a tu r a l g a s O th e r m in in g O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n tia l s tr u c t u r e s H o u s in g u n it s P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s i d e n t i a l 6 S e e th e s e c t io n " F o o t n o te s t o t h e T a b le s .” 41 1 6 ,3 9 6 1 8,821 2 1 ,3 50 24,681 2 7 ,9 7 9 3 0 ,5 3 8 3 2 ,6 5 4 3 4 ,7 8 5 3 6 ,7 1 0 3 9 ,7 3 3 4 2 ,4 2 5 4 5 ,5 7 5 4 8 ,3 5 9 42 3 ,8 5 0 ,7 2 8 4 ,4 0 6 ,1 6 0 5 ,0 9 7 ,6 8 0 5 ,7 6 7 ,8 7 5 6 ,3 4 6 ,1 3 6 6 ,6 7 9 ,8 1 7 6 ,9 1 0 ,6 7 1 7 ,3 1 4 ,2 7 3 7 ,7 0 0 ,4 0 2 8 ,1 9 1 ,7 5 9 8 ,6 8 4 ,2 8 1 9 ,2 3 0 ,4 2 8 9 ,7 4 8 ,6 4 2 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 1 ,5 2 8 ,6 5 8 7 86 ,90 6 2 10 ,83 9 1 37 ,77 4 1 88 ,09 5 1 ,129 186,96 6 4 8,900 3 8,438 7 0,048 92,811 3 5,589 2 7,092 3 0,130 4 99 ,6 47 156 ,01 9 75,991 177,001 6 6,4 68 2 4,1 68 9 0,7 15 1 21 ,37 9 1 11 ,58 3 9 ,79 6 3 0 ,0 12 1 ,7 2 4 ,7 5 8 8 85 ,86 5 2 38 ,38 7 1 55 ,37 3 2 14 ,2 88 1 ,316 2 12 ,97 2 54,014 4 2 ,2 19 7 9,8 44 101,741 3 9,1 72 3 0,1 33 3 2,4 36 5 51 ,8 38 1 67 ,82 7 86,802 198,15 2 7 3,744 2 5,313 1 02 ,68 7 151,671 1 40 ,03 9 11,632 3 2,697 1 ,9 8 1,7 2 1 1 ,0 30,52 5 279,311 182,251 2 5 1,8 1 9 1,646 2 50 ,17 3 6 1,3 97 4 7,5 96 9 2,5 82 1 15 ,56 9 4 5,2 60 3 4,2 38 36,071 6 22 ,34 8 187,791 103 ,86 8 2 25 ,03 7 7 8,7 49 2 6,9 04 1 18 ,58 5 1 71 ,92 4 158 ,10 5 13,819 3 8 ,3 40 2 ,2 5 5 ,7 7 3 1 ,1 8 2,50 7 3 17 ,98 4 2 14 ,50 4 2 91 ,11 6 1 ,962 2 89 ,15 4 6 8,737 5 3,487 106 ,08 5 130 ,59 5 5 2,5 03 3 8,5 16 3 9,5 76 6 86 ,63 8 2 01 ,16 5 1 15 ,07 3 2 5 0,9 4 0 8 9,2 76 3 0,1 84 1 33 ,39 7 2 07 ,55 8 191,131 16,427 4 5,6 73 2 ,5 7 0 ,1 5 3 1 ,3 18,38 5 353,211 2 46 ,93 3 3 24 ,04 6 2 ,347 3 21 ,69 9 7 4,3 86 5 8,0 92 1 18 ,53 9 1 43 ,17 9 5 9,244 4 1 ,5 97 4 2,338 7 44 ,41 9 2 16 ,12 3 1 22 ,18 8 2 72 ,68 2 100 ,23 5 33,191 1 44 ,61 9 3 10 ,51 6 2 91 ,08 2 19,434 5 2,2 13 2 ,7 3 6 ,9 7 3 1 ,4 34,83 4 3 81 ,95 0 2 81 ,57 5 3 46 ,99 2 2 ,63 3 3 44 ,3 58 7 8,2 74 61,525 131 ,00 0 153 ,51 8 64,801 4 3,7 20 4 4,9 96 7 86 ,76 2 2 31 ,12 3 1 26 ,75 3 2 88 ,1 12 106,45 2 34,321 151,24 0 3 07 ,86 9 2 86 ,40 5 2 1,464 5 6,268 2 ,8 0 8 ,5 4 9 1 ,5 2 6,08 5 3 98 ,47 2 3 0 9,7 0 0 3 65 ,83 2 2 ,88 4 3 62 ,94 7 8 1 ,4 40 6 4 ,3 87 1 43 ,01 5 1 63 ,23 8 7 0,6 08 4 5 ,3 25 4 7 ,3 06 8 06 ,87 4 2 41 ,69 3 1 24 ,53 4 2 97 ,6 55 1 08 ,36 7 3 4,6 24 1 55 ,34 0 2 62 ,9 12 2 40 ,2 90 2 2,6 23 5 7 ,3 38 2 ,9 8 0 ,2 0 6 1 ,6 5 2,26 7 4 20 ,5 13 3 47 ,68 2 397,371 3 ,205 3 94 ,1 66 8 5,817 6 7,924 156 ,14 4 176 ,81 5 78,779 4 7,7 46 50,290 8 31 ,81 4 2 48 ,74 9 128,641 3 0 8,5 2 5 1 10 ,96 8 3 4,9 30 1 61 ,12 6 2 7 4,5 8 6 2 50 ,40 4 24,182 6 0,4 13 3 ,1 3 5 ,7 6 8 1 ,7 8 2,70 3 4 42 ,29 8 3 90 ,53 9 4 32 ,4 03 3 ,58 8 4 28 ,81 5 89,742 71,263 166 ,94 8 189 ,50 9 8 6,8 47 5 0,0 00 52,662 8 42 ,44 4 2 45 ,02 9 1 34 ,41 7 3 20 ,45 2 109,03 2 3 3,515 163,88 8 2 79 ,71 0 2 54 ,23 8 2 5,472 6 7,023 3 ,2 6 3 ,6 6 6 1 ,9 25,81 0 4 65 ,29 5 4 3 3,5 0 9 4 7 2,0 3 3 3 ,99 9 4 6 8,0 3 4 9 5,0 64 75,981 179 ,43 3 2 04 ,49 5 9 6,1 38 5 2,8 75 5 5,4 82 8 50 ,40 5 2 39 ,42 6 1 38 ,43 9 3 30 ,7 48 1 09 ,04 8 32,744 168 ,35 6 2 45 ,69 0 219,371 2 6,3 20 7 3,4 05 3 ,4 4 3 ,4 0 5 2 ,0 6 6 ,6 8 0 4 86 ,9 42 4 72 ,5 15 5 12 ,4 37 4 ,43 9 5 07 ,9 98 1 00 ,4 15 8 1,988 1 92 ,41 3 219,971 1 05 ,30 5 5 6 ,1 03 5 8,5 64 8 91 ,0 92 2 48 ,7 96 1 42 ,52 8 3 51 ,4 10 1 14 ,4 90 3 3,8 68 1 72 ,9 56 2 3 2,6 0 7 2 0 5,8 0 7 2 6 ,8 00 8 0 ,0 70 3 ,6 6 9 ,9 3 2 2 ,2 1 5 ,4 7 7 510,871 5 1 3 ,6 4 9 5 54 ,93 3 4 ,99 7 5 4 9,9 3 6 1 05 ,95 6 8 7,0 52 2 0 7,1 7 9 2 3 5,8 3 9 1 13 ,79 0 6 0 ,1 74 6 1,8 75 9 39 ,66 6 2 50 ,1 42 1 56 ,54 5 3 75 ,1 87 1 22 ,26 2 3 5,5 30 1 77 ,10 6 2 53 ,1 16 2 25 ,7 77 2 7 ,3 40 84,566 3 ,8 8 4 ,8 2 7 2 ,372,571 5 4 0 ,9 8 7 5 55 ,4 04 5 9 7 ,7 2 6 5 ,559 5 92 ,1 67 1 11 ,88 7 9 2,676 2 22 ,2 02 2 51 ,6 89 1 23 ,39 4 64,332 6 3,9 64 9 8 4,9 1 2 2 5 5,2 5 5 1 71 ,61 0 392,281 1 29 ,19 2 3 6,5 74 1 81 ,23 2 2 5 4,7 0 8 2 2 6,7 0 8 2 8,0 00 9 1,4 03 68 69 70 71 72 73 74 75 76 77 78 79 2 ,3 2 2 ,0 7 0 1 ,9 33,73 2 1 ,8 93,26 2 1 ,6 06,89 4 6 0,4 50 1 ,5 46,44 4 2 8 6,3 6 8 4 0 ,4 69 1 ,693 3 8,7 77 373,461 1 4,8 77 2 ,6 8 1 ,4 0 2 2 ,2 3 5,59 4 2 ,1 8 9,01 2 1 ,8 7 0,47 2 6 7,7 12 1 ,8 0 2,76 0 3 1 8,5 3 9 4 6 ,5 83 1,9 72 44,611 4 29 ,46 4 16,343 3 ,1 1 5 ,9 5 9 2 ,6 0 0,35 3 2 ,5 4 6,1 1 7 2 ,1 8 5,90 6 7 6,1 94 2 ,1 0 9,71 2 360,211 5 4,2 36 2,311 51,925 4 97 ,46 0 18,147 3 ,5 1 2 ,1 0 2 2 ,9 2 0,74 9 2 ,8 6 1,38 6 2 ,4 5 6,6 1 9 8 3,3 99 2 ,3 7 3,2 2 0 4 04 ,7 67 5 9,3 63 2,641 5 6,7 22 5 71 ,67 0 19,683 3 ,7 7 5 ,9 8 2 3 ,1 2 2,2 6 6 3 ,0 5 8,3 6 0 2 ,6 1 2,9 3 2 8 6,6 00 2,526,331 4 45 ,42 9 6 3,9 06 2 ,922 6 0,9 84 6 33 ,29 7 2 0,4 19 3 ,9 4 2 ,8 4 4 3 ,2 5 0,9 3 4 3 ,1 8 4,4 6 9 2 ,6 9 5,2 7 9 8 7,5 55 2 ,6 0 7,72 4 4 89 ,19 0 6 6,4 65 3 ,12 2 6 3,3 42 6 7 1,2 4 7 20,663 4 ,1 0 2 ,1 2 2 3 ,3 7 5,0 6 0 3 ,3 0 4,9 1 7 2 ,7 8 7 ,1 0 4 8 8,050 2 ,6 9 9,0 5 4 5 17 ,8 13 7 0 ,1 43 3 ,25 8 6 6 ,8 85 7 06 ,30 6 2 0 ,7 56 4 ,3 3 4 ,0 6 8 3 ,562,401 3 ,4 8 9,0 0 0 2 ,9 3 6,8 6 2 89,865 2 ,8 4 6,9 9 7 5 52 ,13 8 73,401 3 ,63 3 69,768 7 50 ,43 3 2 1,2 35 4 ,5 6 4 ,6 3 4 3 ,7 5 0,26 5 3,674,181 3 ,0 7 8,95 4 9 1,3 95 2 ,9 8 7,55 9 5 95 ,22 6 7 6,0 85 3,951 7 2,1 33 7 92 ,75 5 21,614 4 ,9 2 8 ,0 9 3 4 ,0 5 7,80 0 3 ,9 7 8,5 9 3 3 ,3 2 7,2 7 6 95,282 3 ,2 3 1,9 9 4 6 51 ,31 7 7 9,206 4 ,30 3 7 4,903 8 47 ,65 3 22,641 5 ,2 4 0 ,8 7 6 4 ,3 1 4,3 1 6 4 ,2 3 1,5 8 8 3 ,5 5 3,0 3 4 9 8,3 70 3 ,4 5 4,6 6 4 6 7 8,5 5 4 8 2 ,7 29 4 ,7 4 3 7 7 ,9 86 9 0 2,9 5 7 2 3,6 03 5 ,5 6 0 ,4 9 6 4 ,5 6 7 ,0 0 0 4 ,4 79,39 1 3 ,7 7 8 ,4 1 0 1 01 ,69 8 3 ,6 7 6 ,7 1 2 700,981 8 7,6 09 4,791 82,818 9 69 ,06 2 2 4,434 5 ,8 6 3 ,8 1 6 4 ,8 0 1,40 9 4 ,7 0 9,11 8 4 ,0 0 6,4 0 6 1 04 ,79 6 3 ,9 0 1,6 1 0 7 0 2 ,7 1 2 92,291 5 ,323 8 6,9 68 1 ,0 37,05 8 2 5,3 49 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 2 2 T a b le 2 . 1 . C u r r e n t- C o s t N e t S to c k o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu re s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ; y earend es tim ate s] L in e 1990 1991 1992 1993 1994 1995 1996 1997 1 1 2 ,7 6 0 ,3 4 2 1 3 ,0 2 1 ,5 0 7 1 3,5 82 ,6 31 1 4 ,3 1 8 ,0 3 0 1 5 ,2 0 3 ,7 2 0 1 5 ,9 0 8 ,4 5 0 1 6 ,7 2 2 ,5 2 9 1 7 ,6 5 3 ,1 0 9 2 2 ,5 9 2 ,4 0 6 2 ,6 7 4 ,2 8 6 2 ,7 6 1 ,1 7 4 2 ,8 8 4 ,2 2 6 3 ,0 5 1 ,1 1 3 3 ,2 4 3 ,8 1 7 3 ,4 1 6 ,2 7 8 3 ,5 8 5 ,2 5 9 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 2 ,5 4 1 ,9 4 7 6 63 ,42 4 9 1,0 44 94,744 294,371 111 ,86 7 5 1,6 50 19,748 8 93 ,44 3 8 8,4 38 50,301 4 5,3 42 4 ,959 167 ,35 2 1 95 ,19 9 2 ,6 2 2 ,8 1 5 6 86 ,98 2 83,051 104 ,76 0 3 05 ,84 8 121 ,48 2 53,880 17,961 9 1 6,9 3 4 8 9,5 48 5 2,1 85 4 6,9 05 5 ,280 171 ,61 3 2 01 ,06 9 2 ,7 0 8 ,1 6 7 7 1 9,6 1 8 8 1,5 22 1 15 ,36 0 3 1 4,4 7 6 1 33 ,14 4 56,989 18,127 9 36 ,96 5 88,890 52,204 4 6,839 5,3 65 175 ,87 7 2 06 ,8 67 2 ,8 2 8 ,5 7 6 7 60 ,30 6 82,006 129,741 3 25 ,2 78 1 43 ,81 4 60,501 18,965 9 64 ,2 97 8 7,6 37 5 2,4 54 4 6,8 75 5 ,579 183 ,31 7 2 14 ,32 5 2 ,9 9 2 ,4 4 8 8 02 ,8 38 8 6,4 46 1 42 ,87 0 3 34 ,6 66 1 53 ,72 3 6 5,6 59 19,473 1 ,0 1 0,73 2 9 0 ,3 48 5 5,1 67 4 9 ,2 39 5 ,928 1 93 ,69 8 2 2 5,0 1 6 3 ,1 8 2 ,8 2 6 8 5 0,1 8 0 93,591 1 58 ,30 9 3 44 ,27 5 165 ,08 5 68,812 2 0,1 09 1 ,0 75,07 4 9 5 ,5 74 5 5,8 48 4 9,4 88 6,361 209,151 240,531 3 ,3 5 2 ,1 9 7 9 05 ,96 8 101 ,47 2 173,701 3 63 ,8 09 1 74 ,97 9 71,544 20,464 1 ,1 19,05 4 98,674 57,279 50,425 6 ,85 3 2 19 ,18 3 2 53 ,05 4 3 ,5 1 9 ,7 7 8 9 74 ,76 9 112,16 3 2 00 ,72 3 3 88 ,15 3 1 81 ,89 0 70,201 2 1,6 39 1 ,1 5 6,85 3 98,641 5 8,5 19 5 1,1 96 7 ,32 2 2 27 ,82 2 2 62 ,1 10 G e n e r a l in d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 189 ,10 0 192 ,90 6 1 9 7 -529 2 04 ,4 96 2 1 3,3 5 6 2 2 5.2 5 4 2 34 ,9 36 2 42 ,9 62 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 2 03 ,05 2 4 71 ,83 4 151 ,39 2 9 4,6 57 108 ,42 2 4 6,8 56 7 0,5 08 5 13 ,24 6 135 ,17 6 8,4 77 126 ,69 8 5 2,1 22 4 1,3 47 10,775 6 5,5 70 7 0,9 57 19,342 5 6,046 3 3,140 3 ,074 3 0,066 8 0,893 2 0 9,6 1 3 4 9 6,8 6 9 1 53 ,41 6 108,941 1 18 ,51 3 4 6,4 88 69,510 5 22 ,03 0 1 37 ,91 7 8,381 1 29 ,53 6 5 3,990 4 3,076 10,914 6 6,813 69,114 17,803 57,216 35,251 2 ,962 3 2,2 89 8 3,9 26 2 15 ,59 9 5 21 ,71 9 163,72 7 117,63 0 126,68 8 45,793 67,881 5 29 ,86 5 1 43 ,02 4 8 ,298 134 ,72 7 53,637 4 2,9 28 10,709 66,343 68,624 16,565 5 6,3 13 3 8,0 23 2 ,867 3 5,1 56 87,336 2 22 ,0 67 5 56 ,70 0 1 81 ,40 2 1 26 ,41 8 1 33 ,48 4 4 6,4 47 6 8,9 49 5 4 7,2 7 3 1 49 ,80 6 8 ,40 6 1 41 ,40 0 5 4,1 20 43,681 10,439 6 7,5 20 6 9,3 62 16,357 57,072 40,191 2 ,83 9 3 7,3 52 9 2,8 45 2 33 ,14 6 6 0 4,2 7 6 2 0 6,7 0 6 142,301 1 37 ,35 6 4 6 ,1 08 7 1,8 06 5 74 ,60 2 1 59 ,15 4 8,5 77 150 ,57 7 5 6,0 24 4 5,6 97 1 0,327 6 9,555 7 2 ,3 98 16,343 6 0,389 4 1 ,8 30 2 ,83 9 3 8,992 9 8 ,9 07 2 48 ,71 6 6 50 ,46 2 2 34 ,0 66 1 49 ,98 3 1 43 ,61 0 4 5,894 7 6,909 6 07 ,11 0 169,74 5 8,811 160,93 4 5 7,8 89 4 7 ,6 20 10,269 7 2,6 34 7 6,7 86 16,541 64,611 4 3,3 86 2 ,866 4 0 ,5 20 1 05 ,51 8 2 55 ,9 29 6 90 ,3 83 2 60 ,7 50 158,951 1 47 ,11 9 4 6,5 10 7 7,0 53 636,791 1 78 ,17 0 8,981 1 69 ,18 9 59,257 48,626 10,631 7 4,9 42 8 2,1 45 16,569 6 8,7 59 4 4,7 45 2 ,873 4 1 ,8 72 1 12 ,20 5 2 66 ,79 9 7 16 ,52 9 2 83 ,01 0 159 ,90 4 149 ,59 6 46,891 7 7,1 29 6 7 1,6 2 7 1 89 ,30 8 9 ,1 0 8 1 80 ,20 0 6 3,4 18 51,707 11,711 7 7,2 35 87,191 18,064 7 2,0 98 4 6,8 90 2 ,79 8 4 4,0 92 117 ,42 3 P r iv a te f ix e d a s s e t s E q u ip m e n t a n d s o f tw a r e N o n r e s id e n tia l e q u ip m e n t a n d s o f tw a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t S o ftw a re 1 C o m m u n ic a t io n e q u ip m e n t In s tr u m e n ts P h o t o c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n t in g e q u ip m e n t I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y E le c t r ic a l t r a n s m is s io n , d is t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O th e r e q u i p m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r fu r n it u r e T ra c to rs F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O t h e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u i p m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c tu r e s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b i le s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a t io n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l ig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a r m r e la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls P e t r o le u m a n d n a tu r a l g a s O t h e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n tia l s tr u c tu r e s H o u s in g u n it s P e r m a n e n t s ite 1 - to - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S e e t h e s e c t i o n " F o o t n o t e s t o th e T a b le s ." 41 5 0 ,4 6 0 51,471 5 3 ,0 07 5 5 ,6 5 0 5 8 ,6 6 5 60,991 64,081 65,481 42 1 0 ,1 6 7 ,9 3 5 1 0 ,3 4 7 ,2 2 0 1 0 ,8 2 1 ,4 5 7 1 1 ,4 3 3 ,8 0 4 1 2 ,1 5 2 ,6 0 7 1 2 ,6 6 4 ,6 3 3 1 3,3 0 6 ,2 5 1 1 4 ,0 6 7 ,8 5 0 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 4 ,0 8 0 ,7 2 6 2 ,5 1 4,3 3 3 5 70 ,61 7 5 89 ,83 9 635,961 6,061 6 29 ,90 0 116 ,59 4 9 8,0 22 236 ,45 7 2 66 ,84 3 133 ,70 2 6 7,5 30 65,611 1 ,0 05,17 7 2 56 ,10 6 177 ,49 8 4 02 ,19 5 132 ,74 8 36,631 184 ,07 4 2 77 ,90 3 2 49 ,38 2 28,521 9 9 ,2 39 4 ,1 3 7 ,6 5 3 2 ,5 76,36 0 5 85 ,1 28 6 04 ,4 29 6 49 ,38 3 6 ,355 6 43 ,02 9 118,531 101 ,43 7 2 44 ,88 8 2 72 ,56 5 137 ,67 3 69,012 6 5,8 80 1,021,031 2 55 ,94 7 180,881 410,491 136 ,74 2 3 6,9 70 1 82 ,94 4 2 5 1,9 4 3 2 23 ,33 4 28,608 105 ,37 6 4 ,2 7 8 ,6 1 5 2 ,6 7 6,05 9 6 08 ,50 5 6 26 ,46 4 6 73 ,59 2 6 ,586 6 6 7,0 0 6 1 22 ,35 3 1 06 ,87 9 258,531 2 79 ,73 4 141 ,35 7 71,432 66,945 1 ,0 50,91 7 2 61 ,6 40 185 ,16 4 4 22 ,8 93 1 43 ,48 3 3 7,737 184,59 7 2 54 ,68 7 2 25 ,5 13 2 9,1 74 1 12 ,35 6 4 ,4 9 8 ,5 0 4 2 ,8 1 6,6 4 4 6 36 ,6 33 6 57 ,1 25 7 10 ,5 97 7 ,098 7 03 ,49 9 128,20 0 113,81 6 2 77 ,0 08 2 93 ,26 5 1 48 ,01 8 7 5,5 94 69,653 1 ,1 0 9,1 8 4 2 78 ,06 5 194 ,36 2 4 44 ,0 36 1 52 ,94 2 3 9,7 80 1 89 ,92 8 2 62 ,91 7 2 32 ,67 8 3 0 ,2 39 119,831 4 ,7 3 9 ,0 6 1 2 ,9 9 2,2 6 7 6 73 ,58 2 6 94 ,57 3 7 57 ,9 00 7,712 7 50 ,1 87 1 35 ,34 4 122 ,53 7 298,161 3 10 ,17 0 1 56 ,23 6 8 1 ,3 98 7 2 ,5 36 1 ,148,421 2 8 1,6 2 8 2 0 4,3 9 9 4 6 0,6 0 2 160 ,26 8 4 1,5 24 197 ,13 5 2 7 2,5 3 7 2 4 0,4 1 7 3 2 ,1 20 1 28 ,70 0 4 ,9 4 1 ,3 7 8 3 ,1 2 5,08 4 7 00 ,44 0 723,051 7 9 6,6 4 4 8 ,284 7 8 8,3 6 0 1 40 ,15 8 1 29 ,21 7 3 11 ,89 0 3 23 ,68 4 164 ,12 0 8 6,5 79 7 2 ,9 85 68 69 70 71 72 73 74 75 76 77 78 79 6 ,0 8 7 ,2 0 9 4 ,9 6 2,56 4 4 ,8 6 7,10 2 4 ,1 5 4,31 6 1 06 ,83 6 4 ,0 4 7,4 8 0 712 ,78 5 9 5,462 5 ,783 8 9,679 1 ,0 98,66 0 2 5,986 6 ,2 0 9 ,5 6 7 5 ,0 4 7,09 7 4 ,9 5 0,17 7 4 ,2 2 1,40 7 106,46 4 4 ,1 1 4,94 3 7 28 ,7 70 9 6,9 20 6 ,156 9 0,7 65 1,136,901 25,569 6 ,5 4 2 ,8 4 2 5 ,3 1 4,65 5 5 ,2 1 4,58 4 4 ,4 6 2,87 5 1 10 ,32 8 4 ,3 5 2,54 7 7 51 ,7 09 100,071 6 ,516 93,555 1 ,2 01,94 5 26,241 6 ,9 3 5 ,3 0 0 5 ,6 5 3,0 3 6 5 ,5 4 4,0 3 4 4 ,7 8 9 ,1 8 8 1 15 ,60 0 4 ,6 7 3,5 8 8 7 5 4,8 4 6 1 09 ,00 2 7,1 90 101 ,81 2 1 ,2 5 4,7 8 2 2 7,4 83 7 ,4 1 3 ,5 4 6 6 ,0 58,87 1 5 ,9 3 6 ,7 7 2 5 ,170,221 1 21 ,73 6 5 ,0 4 8,4 8 5 766,551 122,09 9 9 ,795 1 12 ,30 4 1 ,3 2 6,09 9 2 8,5 76 1 ,1 9 0,23 9 2 8 7,5 2 7 2 19 ,27 9 4 7 7,9 6 5 163 ,74 4 4 1,7 25 199 ,98 8 2 87 ,3 39 2 54 ,53 5 3 2,804 1 38 ,73 0 5 ,1 7 5 ,0 3 2 3 ,2 8 5,62 3 7 2 9,2 0 4 756,251 8 43 ,77 4 8,5 50 8 35 ,22 4 145,701 1 37 ,89 2 3 27 ,6 59 345,141 1 77 ,45 6 9 2,700 7 4,985 1 ,2 2 9,00 2 2 99 ,2 40 2 35 ,3 49 4 83 ,4 30 1 68 ,91 6 4 2 ,0 67 204,381 3 11 ,24 4 2 77 ,39 4 3 3,8 49 1 44 ,78 3 5 ,4 8 7 ,0 2 8 3 ,498,851 765,361 8 04 ,94 2 9 02 ,65 3 8 ,90 6 8 93 ,7 47 1 53 ,88 2 1 49 ,71 2 3 48 ,73 6 3 73 ,56 5 194 ,82 8 101 ,00 4 7 7 ,7 33 1,264,691 3 01 ,2 33 2 39 ,48 0 5 03 ,91 2 176 ,66 3 4 3,4 02 2 10 ,67 0 3 6 0,7 6 0 3 2 5,5 4 3 3 5,2 17 1 52 ,05 6 7 ,7 2 3 ,2 5 5 6 ,3 0 1,4 8 0 6 ,1 6 9,1 2 6 5 ,3 8 3,91 7 123,661 5 ,2 6 0,25 6 7 85 ,2 09 1 32 ,35 3 12,402 119,951 1 ,3 9 2,84 4 2 8,9 30 8 ,1 3 1 ,2 1 9 6 ,624,561 6 ,4 8 2,9 5 4 5 ,6 6 3,05 8 1 26 ,89 2 5 ,5 3 6,16 5 8 1 9,8 9 7 1 41 ,60 7 13,643 127 ,96 4 1 ,4 77,06 9 2 9,5 89 8 ,5 8 0 ,8 2 2 6 ,9 9 5,1 8 0 6 ,8 4 4,9 6 8 5 ,9 5 9,3 6 3 1 30 ,37 3 5 ,828,991 8 85 ,60 5 150,211 15,122 1 35 ,09 0 1 ,5 5 5,12 4 3 0,518 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 23 T a b le 2 . 2 . C h a in -T y p e Q u a n tity In d e x e s fo r N e t S to c k o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e [In d e x n u m b e rs , 1 9 9 6 = 1 0 0 ] L in e 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1 1 7 .3 9 1 8.0 5 1 8.6 4 1 9.1 8 1 9 .6 9 1 9.9 4 1 9.9 2 1 9.6 6 1 9 .3 6 1 9.1 7 1 9 .0 9 1 9.1 8 2 6 .7 4 7 .0 5 7 .2 5 7 .4 2 7 .7 5 7 .8 2 7 .5 9 6 .7 2 6 .5 0 6 .4 6 6 .6 6 6 .9 8 6 .9 2 0.30 0.00 0.00 0.60 0.72 0.16 4.84 10.03 9.17 24.47 24.41 2 5.89 7 .33 2 3.72 7 .2 4 0.32 0.00 0.00 0.66 0.85 0.17 5.13 10.50 9.53 2 4.04 2 3.88 26.05 7.66 24.29 7 .4 4 0.34 0.00 0.00 0.68 0.89 0.19 5.35 10.82 9.82 2 3.28 2 3.16 2 5.03 7.92 24.57 7.61 0 .36 0 .00 0 .0 0 0 .7 2 0 .9 7 0 .2 0 5 .67 1 1.20 9 .99 2 2.84 2 2.68 2 4.74 8 .45 2 4.78 7 .9 4 0.38 0.00 0.00 0.78 1.07 0.23 5.85 11.73 10.44 22.66 22.34 25.54 9 .00 2 5.08 8.01 0.39 0.00 0.00 0.81 1.14 0.25 5.49 11.86 1 0.68 2 2.28 2 1.92 2 5.46 9.10 2 4.69 7 .7 7 0.37 0.00 0.00 0.81 1.14 0.26 4.88 1 1.68 1 0.64 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 713 2 1.46 2 1.24 23.71 8.80 2 3.94 7 .2 9 0 .34 0 .0 0 0 .0 0 0 .7 6 1.10 0 .25 4 .19 11.17 1 0.25 20.21 2 0.3 0 2 0.46 8 .1 8 2 2.76 6 .8 6 0.32 0.00 0.00 0.71 1.07 0.23 3.56 10.71 9.84 19.03 19.38 17.63 7 .66 2 1.82 6 .6 3 0.31 0.00 0.00 0 .6 9 1.07 0.21 3 .5 8 10.42 9.59 18.14 18.59 1 6.02 7.38 2 1.06 6 .5 9 0.31 0 .0 0 0 .0 0 0 .69 1.11 0.21 3 .67 10.38 9 .46 17.56 18.01 1 5.44 7 .49 2 0.64 6 .7 9 0.33 0 .0 0 0.00 071 1.15 0 .2 3 4.01 1 0.68 9.52 1 7.55 1 7.76 1 6.93 8 .0 0 2 0.79 7.11 0 .37 0 .00 0 .00 0 .78 1.32 0 .26 4 .5 7 11.15 9 .6 3 17.96 17.74 20.01 8 .77 2 1.08 G e n e r a l in d u s t r ia l, i n c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 10.20 11.31 12.09 12.92 14.19 14.68 14.65 1 4.13 13.64 1 3.43 13.61 1 4.37 1 5.25 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 2.82 18.13 4.91 5 .78 0 .08 5 1.02 125.76 8 .64 7 .46 1 0.89 7.31 9.99 10.01 8.28 2 2.64 6.72 6 5.28 6.55 1.21 3.58 1.19 2.69 3.05 18.56 5.09 6.27 0.14 52.90 125 .96 9.35 8 .17 12.00 7.99 10.71 10.53 10.47 2 3.44 7.72 6 8.24 6.88 1.20 2 .99 1.26 3.40 3.24 18.64 5.11 6.48 0.24 5 5.19 124.29 9.99 8.86 13.05 8.67 11.66 11.08 14.40 24.19 8.57 69.29 7.17 1.18 2 .49 1.30 4.01 3.48 18.49 5.21 6.65 0.53 5 3.59 121 .47 10.53 9.40 13.82 9 .1 9 1 2.12 1 1.12 1 8.07 2 5.09 9.28 7 1.29 7.38 1.20 2.08 1.38 4 .5 5 3.75 18.95 5.95 6.89 0.85 5 2.68 120 .86 11.21 10.08 1 4.82 9.87 3.95 1 8.89 6.21 6.47 0.90 53.03 120 .43 11.48 10.38 15.11 10.17 13.32 11.75 23.55 2 7.09 10.12 7 3.85 7 .97 1.80 7.42 1.50 4 .83 4.04 1 8.15 6.16 5.92 0.95 5 2.70 114 .86 1 1.10 10.22 1 4.70 10.03 12.94 10.89 26.98 2 5.65 9.61 6 7.28 7 .93 1 .86 8.41 1.46 4.71 3.97 1 6.93 5.74 5 .0 7 0 .8 6 5 0.15 108.95 1 0.28 9 .6 7 1 3.72 9.51 11.81 9.67 2671 2 3.60 8.43 6 0.76 7 .3 5 1.73 8.34 1.30 4 .4 8 3 .88 15.92 5 .36 4.65 0.84 4 7.47 102 .96 9.47 9.12 12.75 8 .98 1 0.45 8 .65 2 2.92 2 1.52 7.31 5 5.45 6 .89 1.60 8.04 1.15 4.29 3.85 15.41 5.45 4.44 0.91 4 5.17 9 8.86 8.99 8.77 1 2.27 8.64 9 .9 0 8.42 19.91 2 0.03 6 .5 8 52.91 6 .5 7 1.52 7 .80 1.07 4 .1 9 3 .88 1 5.25 5 .82 4 .85 0 .88 4 2.6 8 9 4.75 8 .93 8.53 1 2.12 8 .3 9 1 0.35 9.17 1 8.00 1 9.84 6.28 5 3.96 6.43 1.56 8.36 1.05 4 .1 7 3 .9 8 1 5.57 6 .3 9 5.66 0.85 4 1.9 0 9 2.60 9.31 8.51 12.21 8 .3 6 1 1.88 1 0.72 1 9.16 2 0.29 6 .6 0 5 9.35 6 .80 1 .64 9 .12 1 .07 4 .2 8 4 .2 4 1 6.03 6 .7 6 6 .3 8 0 .9 7 4 1.2 9 9 3.08 9.91 8.68 12.44 8.53 1 4.07 1 2.86 2 1.33 2 1.40 7.13 6 3.05 7 .3 9 1.97 1 1.28 1.24 4.26 P riv a te fix e d a s s e ts E q u ip m e n t and s o ftw a re N o n r e s id e n t ia l e q u ip m e n t an d s o ftw a re I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t S o ftw a re 1 C o m m u n ic a t io n e q u ip m e n t In s tr u m e n ts P h o t o c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n t in g e q u ip m e n t I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u i p m e n t O th e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O th e r fu r n it u r e T ra c to rs F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O t h e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tru c tu re s N o n r e s id e n t ia l s tru c tu res N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c i a l 3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d i n s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o te ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l ig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a r m re la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f ts , a n d w e lls P e t r o le u m a n d n a tu r a l g a s O th e r m in in g O th e r n o n fa rm s t r u c t u r e s 5 R e s id e n t ia l s tru c tu re s H o u s in g u n it s P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s i d e n t i a l 6 S ee th e s e c tio n "F o o tn o te s t o th e T a b le s ." 1 2.90 11.71 20.21 2 6.29 9.97 7 5.84 7.79 1.58 5.31 1.48 4.76 1 9 .3 6 41 1 .5 5 1 .6 7 1 .7 8 1 .8 7 1 .9 9 2 .0 6 2.11 2 .1 0 2.11 2 .1 6 2 .2 6 2 .3 9 2 .5 4 42 2 0.9 2 2 1.6 9 2 2.4 2 2 3 .0 8 2 3 .6 4 2 3.9 4 2 4 .0 2 2 3 .8 9 2 3.6 9 2 3.5 3 2 3 .4 5 2 3 .4 6 2 3 .5 7 43 44 45 46 47 48 49 50 51 ...5 2...... 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 2 6.5 9 1 5.59 2 3.63 11.27 9.85 0.00 10.06 1 8.18 9.59 3.59 3 5.80 11.03 2 9.09 103.54 51.11 168 .06 6.91 2 1.57 16.41 57.01 6 2.03 1 4.99 15.23 13.27 3 4.22 2 7.3 9 16.43 2 4.43 11.92 10.52 0.00 10.75 1 9.67 10.64 3.90 3 7.66 12.97 3 2.34 103.26 5 2.02 169.34 7.41 22.25 18.08 56.86 61.71 15.91 16.17 13.91 3 4.32 2 8.1 7 17.27 2 5.16 12.60 11.24 0.00 11.48 2 1.17 11.67 4.32 3 9.35 14.43 3 5.49 103.43 5 2.90 170.33 7.88 2 2.92 1 9.85 5 8.26 6 1.68 16.52 16.81 14.40 3 4.53 2 8 .8 9 18.07 2 6.10 1 3.36 1 1.84 0.00 1 2.09 22.55 1 2.70 4.71 40.39 15.48 38.12 102 .12 5 3.65 171.11 8 .44 2 3.49 2 1.27 5 8.78 6 1.50 17.18 17.47 1 4.96 3 4.66 29.71 18.92 2 7.36 14.16 12.41 0.00 12.67 2 3.69 13.81 5.12 4 1.22 16.43 3 9.86 101.25 5 4.70 172.14 9.35 2 4.07 2 2.49 64.01 6 1.22 18.02 18.34 15.56 34.73 3 0.3 0 1 9.53 2 7.80 1 4.79 1 2.79 0 .00 13.06 2 4.80 14.99 5.58 4 2.27 17.20 4 1.34 102.35 55.61 173 .12 10.27 2 4.78 2 3.70 6 3.65 60.41 18.40 18.74 15.81 3 4.68 3 0 .3 9 19.69 2 7.55 1 4.89 12.92 0 .00 1 3.19 2 5.49 16.11 5 .89 4 2.73 17.20 4 2.65 102.80 5 5.86 172 .79 1 0.64 2 4.99 2 4.33 6 5.27 5 9.29 1 8.16 18.48 1 5.78 3 4.46 3 0 .2 0 19.61 26.91 1 4.83 1 2.82 0.00 1 3.10 2 5.72 1 6.69 6 .0 2 4 3 .1 8 1 7.06 4 2 .8 5 104 .97 5 5.52 171 .20 1 0.76 2 4.83 2 4 .5 0 65.41 5 7.99 18.11 18.44 15.51 34.11 2 9.8 4 19.39 26.61 14.65 1 2.63 0.00 12.90 2 5.60 16.64 5.98 4 2.70 1 6.88 4 2.44 103 .69 5 4.89 169 .30 1 0.70 2 4.48 2 4.32 6 4.18 56.81 17.91 18.24 15.45 3 3.84 2 9.5 4 19.18 2 6.27 14.48 12.50 0 .0 0 12.76 2 5.44 16 55 5 .9 3 4 2.25 1 6.77 4 1.94 102.51 5 4.35 167.75 10.64 2 4.14 2 4.18 6 3.15 5 5.72 1 8.05 1 8.39 1 5.48 3 3.43 2 9.3 0 1 8.99 2 5.86 1 4.34 1 2.45 0.00 12.71 2 5.3 8 16.51 5.88 4 1.89 1 6.69 4 1.47 1 01 .62 5 3.87 166.21 1 0.60 2 3.87 2 4.09 6 2.46 5 5.00 18.43 18.78 15.66 3 2.94 2 9 .2 0 18.92 2 5.69 14.34 12.39 0 .00 12.65 2 5.37 16.78 ...... 5 .8 8 4 1 .6 7 .... 1 6.66 4 1.39 100.78 5 3.60 165 .04 10.61 2 3.77 2 4.26 6 2.56 5 4.45 1 9.06 1 9.43 16.11 3 2.40 2 9 .2 8 19.01 2 5.95 1 4.37 1 2.46 0 .0 0 12.73 2 5.42 1 7.00 5.93 4 1.48 1 6.70 41.51 9 9.68 5 3.53 1 64 .07 1 0.75 2 3 .8 9 2 4.39 6 3.46 54.07 2 0.12 2 0.54 16.72 3 1.92 1 7.4 9 19.59 2 0.25 2 1.57 125.11 19.21 11.55 0.00 0.00 0.00 6 .90 4 3.16 1 8.26 20.44 2 1.13 22.36 125.25 20.01 13.10 0.00 0.00 0.00 7 .12 48.59 1 8.96 2 1.22 21.94 23.05 124.79 20.73 14.75 0.00 0.00 0.00 7.36 5 2.70 1 9.5 8 2 1.92 2 2.65 2 3.67 124.39 2 1.37 16.16 0 .0 0 0 .0 0 0.00 7.60 5 5.59 1 9.9 8 22.34 23.09 24.04 123 .77 2 1.77 17.05 0 .00 0.00 0.00 7.85 58.01 2 0 .1 2 2 2.46 23.21 2 4.16 122 .95 2 1.90 17.21 0.00 0.00 0.00 8.07 59.75 2 0.1 9 2 2.53 2 3.29 2 4.23 122.21 2 2.00 1 7.28 0 .0 0 0.00 0.00 8.13 5 9.60 2 0 .1 0 2 2.43 2 3.1 8 2 4.14 121 .19 2 1.93 1 7.10 0 .0 0 0 .0 0 0 .0 0 8.12 5 9.08 1 9.9 9 2 2.28 23.03 23.99 120 .20 2 1.79 16.92 0 .00 0.00 0 .00 8 .19 5 8.46 1 9.9 2 2 2.17 2 2.92 2 3.89 119 .23 21.71 16.74 0.00 0.00 0.00 8.32 5 7.99 1 9.9 4 2 2.15 2 2.89 2 3.87 118 .54 21.71 16.61 0 .00 0.00 0 .00 8 .56 5 7.66 2 0.0 3 2 2.19 2 2.94 2 3.93 117 .97 2 1.7 9 16.61 0 .0 0 0 .0 0 0 .0 0 8.86 5 7.45 2 0 .1 4 2 2.28 2 3.02 2 4.02 117.61 2 1.89 1 6.66 0 .00 0 .00 0 .00 9 .15 5 7.46 68 69 70 71 72 73 74 75 76 77 78 79 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 24 T a b le 2 . 2 . C h a in - T y p e Q u a n tity In d e x e s fo r N e t S to c k o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [In d e x n u m b e rs , 1 9 96 =1 0 0] L in e P riv a te fix e d a s s e ts E q u ip m e n t a n d s o ftw a re N o n r e s id e n t ia l e q u ip m e n t an d s o ftw a re In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re C o m p u te rs a n d p e r ip h e ra l e q u ip m e n t R e s id e n t ia l e q u ip m e n t N o n r e s id e n t ia l s tru c tu re s N o n re s id e n tia l b u ild in g s , e x c lu d in g f a r m In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa r m b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo r a tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n t ia l s tru c tu re s H o u s in g u n its P e rm a n e n t s ite 1 - to - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p r o v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n "F o o tn o te s t o th e T a b le s ." 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1 ” ... 1 9.3 7 1 9.5 0 1 9.7 3 2 0 .0 9 2 0.0 4 1 9 .8 9 1 9.8 6 1 9.9 9 2 0 .6 3 2 1 .4 6 2 2 .4 0 2 3.1 5 2 4 .1 6 2 6 .9 4 7 .0 0 7 .2 7 7 .7 0 7 .6 2 7 .4 9 7 .6 6 8 .2 4 9 .1 0 1 0.41 1 1 .6 6 1 2.4 3 1 3.31 3 4 5 6 .... 7 ...... 8 9 io 11 12 13 14 15 16 17 7 .0 7 0 .3 7 0.00 0.00 0.80 1.35 0.26 4.62 11.14 9.41 17.69 17.43 2 0.00 8.77 2 0.78 7 .1 2 0.39 0.00 0.00 0.84 1.46 0 .2 8 475 1 1.29 9 .3 6 1 7.77 1 7.34 21.11 9.09 2 0.59 7 .3 9 0.43 0.00 0.00 0.95 1.49 0.28 5.11 11.80 9 .60 17.92 17.31 2 2.28 10.65 2 0.52 7 .8 3 0 .4 7 0 .0 0 0 .0 0 1.05 1.49 0 .2 8 5 .7 2 1 2.45 1 0.04 1 7.87 1 7.15 2 2.92 1 2.82 2 0.48 7 .7 4 0.45 0.00 0.00 1.07 1.39 0.25 5.10 12.66 10.07 17.08 16.54 2 0.94 14.54 2 0.09 7 .61 0.44 0.00 0 .0 0 107 1.42 0 .2 6 4.74 12.86 1 0.68 1 6.79 1 6.28 2 0.48 15.91 1 9.40 7 .8 0 0.49 0 .00 0 .00 1.20 1.46 0 .27 5 .03 13.51 11.51 17.45 16.50 2 3.93 16.94 19.40 8.41 1 0.6 3 0.86 0.00 0 .0 0 1.82 3.38 0.74 1 0.92 1 8.07 1 7.18 2 0.96 1 8.18 3 7.99 2 1.37 2 5.06 1 1 .8 9 1.01 0 .00 0 .00 2 .08 4 .16 0 .93 1 2.93 1 9.63 19.23 2 2.50 19.62 4 0.18 2 2.15 2 7.82 1 2.6 7 5.81 1 4Ì69 12.51 2 0.58 17.94 3 6 83 1 8.18 2 0.26 9 .2 9 0 .7 0 0.00 0.00 1.54 2 .5 2 0 .5 3 8 .4 9 16.07 1 4.46 1 9.95 17.57 3 4.74 1 9.56 2 1.89 1 .10 0 .0 0 0 .0 0 125 4 .7 5 1.07 1 3.85 ....... 2 0.3 3 20.31 2 3.97 2 1.23 4 0.9 3 21.71 2 9.14 1 3 .5 6 1.21 0 .0 0 0.00 2.45 5.42 1.20 1 4.99 2 1.38 2 1.55 2 6.33 2 3.98 4 1.12 2 2.18 3 0.95 15.41 1 5.76 16.16 16.54 16.21 16.11 17.14 1 9.23 2 0.86 2 2.86 2 4.56 2 4.98 2 5.38 4.35 1 5.58 6.48 6.13 1.02 42.41 89.91 1 0.08 .......8.64 1 2.53 8.47 15.02 13.84 21.91 22.31 7.31 6 1.64 7.53 2.04 1 1.93 1 .25 4 .14 4.53 15.41 6 .5 7 6 .2 7 1 .14 41.51 87.31 1 0.25 8 .72 1 2.49 8 .56 15.74 14.58 2 2.35 2 2.46 7 .3 6 61.71 7 .79 2 .20 13.07 1.32 4 .14 4 .90 15.64 6.81 6.61 1.40 43.08 86.10 10.75 9.04 13.05 8.87 17.23 16.05 23.79 2 2.97 7.81 6 4.16 8.19 2.60 15.63 1.53 4.27 5 .2 9 16.21 7 .3 3 6 .8 8 1.57 4 5.66 8 7.05 1 1.76 9 .6 6 1 4.1 2 .... 9 .4 7 2 0.08 1 8.78 2 7.13 2 4.88 8 .2 6 7 4.32 8 .6 9 2 .9 7 17.97 1 .7 4 4 .5 5 5.42 15.42 6.39 5.65 1.45 4 8.20 8 7.27 1 1.87 9.70 14.13 9.51 2 0.04 18.81 2 6.63 2 5.98 8.28 7 3.45 8.70 2.98 1 8.10 1.74 4 .55 5.52 6.01 14.15 14.66 5 .44 5.61 4 .7 3 3 .80 1 .30 1.21 51.72 5 1.49 8 5.59 85.01 1 2.20 1 1.60 9 .52 9.40 13.43 1 3.76 9 .34 9.23 2 0.47 18.38 19.31 17.30 2 6.37 2 3.94 2 5.51.... ........ 2 7.5 3 .... 8.22 8 .16 7 4.63 7 1.96 8 .99 10.17 2 .94 3.19 18.01 2 0.99 1.71 1.69 4 .44 4.42 6 .6 0 14.51 6 .5 5 3 .0 0 1.83 53.81 84.31 1 3.60 9 .6 7 1169 9.52 2 3.03 2 1.43 31 98 30 20 1 1.29 8 6.95 1 1.88 3.78 2 4.37 2 .0 8 4 .5 4 7 .7 2 1 5.72 7 .8 9 4 .3 5 3.02 5 3.30 8 3.48 15.13 10.74 15.42 10.55 2 3.69 2 2.22 31.56 3 1.29 1 5.56 8 8.92 14.39 4 .38 2 8.02 2 .44 5 .0 8 8 .95 1 7.73 9 .43 6 .69 3 .49 5 6.82 85.41 17.63 11.92 17.53 11.68 2 7.36 2 6.22 3 2.13 3 5.54 19.29 90.88 19.06 5.34 3 2.93 3.16 5.77 9.91 19.49 10.91 8 .37 3 .45 55.47 9 1.00 2 0.70 1 2.67 1 9.25 1 2.37 3 2.97 3 2.25 3 4.07 41.41 2 3.70 9 6.53 2 5.56 6.04 3 6.80 3.63 6.56 1 0.68 2 1.00 1 1.52 1 0.36 3 .7 0 5 4.33 9 6.57 2 2.43 1 3.22 20 76 1 2.86 3 8.20 3 8.43 3 2.0 8 4 6.2 4 2 4.76 9 6.55 2 7.94 6.55 3 9.93 3.94 7 .1 9 1 1.67 2 2.68 12.54 1 3.07 3.70 5 3.50 9 8.85 24.11 1 3.86 2 2.80 13.41 4 2.92 4 3.92 3 0.97 5 0.60 2 6.24 9 8.77 2 9.86 7 .39 4 5.22 4 .42 7 .6 9 S o ftw a re 1 C o m m u n ic a tio n e q u ip m e n t In s tru m e n ts P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t In d u s tr ia l e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu rb in e s S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o r k in g m a c h in e ry S p e c ia l in d u s tr y m a c h in e ry , n .e .c . G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t 18 E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a n d in d u s tria l a p p a ra tu s 19 T ra n s p o r ta tio n e q u ip m e n t 20 T ru c k s , b u s e s , a n d tr u c k tr a ile r s 21 A u to s 22 A ir c r a ft 23 24 S h ip s a n d b o a ts R a ilr o a d e q u ip m e n t 25 O th e r e q u ip m e n t 26 F u rn itu re a n d fix tu re s 27 H o u s e h o ld fu r n it u r e 28 29 O th e r fu r n it u re T ra c to rs 30 F a rm tr a c to r s 31 32 C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s ... 33...... C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s 34 M in in g a n d o ilfie ld m a c h in e ry 35 S e rv ic e in d u s tr y m a c h in e ry 36 E le c tric a l e q u ip m e n t, n .e .c . 37 38 H o u s e h o ld a p p lia n c e s O th e r 39 O th e r n o n re s id e n tia l e q u ip m e n t 40 S tr u c tu re s 1938 0 .57 0 .00 0 .00 1.35 1.90 0 .3 8 41 2 .6 3 2 .7 5 2.91 3 .1 5 3 .1 9 3 .0 6 2 .8 9 2 .7 9 3 .0 6 3 .5 7 4 .0 7 4 .4 7 5 .0 4 42 2 3.6 0 2 3 .7 5 2 3.9 5 2 4 .2 4 2 4.21 2 4 .0 7 2 3.9 6 2 3.9 0 2 4 .4 4 2 5 .1 0 2 5.9 2 2 6.6 6 2 7.7 0 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 2 9.1 9 18.92 2 5.65 14.31 12.38 0 .00 12.64 25.56 17.19 6.01 41.45 16.71 4 2.07 9 8'8 2 5 3.30 162 .52 10.86 2 4.15 2 4.39 6 2.70 5 3.56 20.81 2 1.30 1 6.77 3 1.45 2 9.1 2 1 8.84 2 5.42 1 4.24 12.33 0.00 12.60 2 5.65 1 7.36 6 .0 6 4 1.28 16.81 4 2.66 9 7.08 5 3.20 161 .25 1 0.97 24.41 2 4.35 6 4.25 5 3.19 2 1.40 2 1.90 17.19 3 0.98 2 9.0 7 18.70 2 5.56 14.30 12.28 0.00 12.54 25.86 17.65 6.12 39.21 16.89 42.61 8 7.45 5 3.22 160.11 1 1.18 2 4.78 2 4.57 6 5.53 5 2.64 2 2.17 2 2.69 17.89 3 0.55 2 9.21 1 8.87 2 6.30 14.30 12.29 0 .0 0 12.55 2 6.05 17.99 6 .2 3 38.95 16.97 42.58 86.10 53.25 159 .20 11.56 24.85 2 4.89 6 6.94 5 2.27 2 3.00 23.51 1 8.77 3 0.12 2 9.0 3 18.63 2 6.06 14.07 12.08 0.00 12.34 25.86 17.90 6.24 3 8.30 16.75 4 1.76 8 4.65 53.21 158.40 11.80 2 4.94 2 4.97 67.81 51.81 2 3.17 23.61 1 9.66 2 9.59 2 8.7 3 1 8.27 2 5.48 1 3.77 1 1.79 0.00 12.04 2 5.43 17762 6 .1 6 3 7.84 1 6.36 4 0.62 8 4.96 53.01 157 .95 11.71 2 4.72 2 4.84 6 8.49 5 1.54 23.21 2 3.58 20.41 2 8.97 2 8.5 3 17.92 25.01 1 3.49 11.51 0.00 11.75 2 5.05 17.39 ...... 6 /1 5 ... 3 7.09 16.01 3 9.63 8 3.59 5 3.05 158 .08 11.69 2 4.56 2 5.33 6 8.97 5 1.25 2 3.66 2 4.03 2 0.95 28.39 2 8.4 9 17.81 2 5.20 13.34 11.31 0 .0 0 11.55 24.79 17.33 .......6 .1 7 3 6.56 1 5.74 3 8.79 8 2.85 53.11 158 .02 1 1.75 2 4.6 0 2 5.75 6 8.55 5 0.90 2 4.24 2 4.63 2 1.30 2 7.88 2 8.9 7 18.38 26.52 13.84 1 1.63 0.16 11.87 24.87 1 7.93 6.32 36.71 15.84 3 9.02 8 2.99 5 3.17 157 .36 12.29 2 4.60 2 6.22 6 8.28 5 3.14 2 4.92 2 5.37 21.41 2 7.54 2 9 .3 7 1 8.58 2 7.49 1 4.04 1 1.72 0.46 1 1.95 2 5.07 1 8.58 6.47 3 5.33 1575 3 8.68 7 7.12 5 3.80 156 .54 1 1 1 1 ... 2 5.83 2 7.43 68.91 5 5.15 2 5.79 2 6.30 2 1.76 2 7.27 29.91 18.91 2 7.95 1 4.30 1 2.04 0.80 1 2.26 2 5.80 19.51 6.61 3 5.32 1 5.70 3 9.19 76.51 5 4.63 155 .74 1 4.27 2 7.17 2 8.73 7 0.59 5 6.90 27.11 2 7.75 2 2.10 2 6.93 30.41 19.18 2 8.02 14.46 12.28 0 .9 6 12.50 27.09 .... 20754 ....... 6 .93 3150 1 5.74 4 0.03 7 6.20 5 5.47 154 .82 15.01 2 8.92 3 0.44 7 1.58 5 8.52 2 8.40 2 9.17 22.31 2 6.67 3 1.0 3 19.60 2 8.19 14.85 12.68 1.26 12.90 28.60 2 1.69 7 .5 6 3 5.63 15.76 4 0.73 7 5.88 5 6.24 153.67 15.54 3 0.39 3 2.80 73.01 6 0.13 3 0.13 3 1.06 2 2.80 2 6.60 68 69 70 71 72 73 74 75 76 77 78 79 2 0.2 6 2 2.37 2 3.12 2 4.13 117 .00 22.01 16.67 0.00 0 .00 0 .00 9 .37 5 7.35 2 0.5 3 2 2.65 23.41 2 4.43 116 .69 2 2.33 16.85 0 .00 0 .00 0 .00 9 .64 57.50 2 0.8 7 23.00 23.77 24.84 116 .75 22.74 16.95 0.00 0.00 0.00 9.92 5 7.59 2 1.2 4 2 3.39 2 4.17 2 5.29 117 .06 2 3.19 17.01 0 .0 0 0 .0 0 ÖÖÖ 10.23 57.61 21.31 2 3.46 2 4.25 2 5.36 116 .90 2 3.27 17.07 0 .00 0.00 0.00 10.30 5 6.97 2 1 .2 6 23.41 2 4.20 2 5.29 1 16 .59 2 3.20 17.21 0 .00 0 .00 0 .00 10.26 55.85 2 1.2 0 23.34 2 4.13 2 5.17 116 .08 2 3.10 17.44 0.00 0.00 0.00 1 0.26 5 4.87 2 1.1 3 2 3.24 2 4.02 2 5.07 115 .43 2 3.0 0 1 7.36 0.00 0 .0 0 0 .0 0 1 0.39 5 4.04 2 1.7 0 2 3.73 2 4.52 2 5.62 116 .43 2 3.55 17.46 0.11 0 .05 0.11 11.37 54.21 2 2.5 0 2 4.45 2 5.24 2 6.40 116.51 2 4.34 17.83 0 .3 2 0.13 Ö 34 12.61 5 3.98 2 3 .4 8 2 5.34 2 6.15 2 7.38 116 .97 2 5.33 18.21 0.57 0.23 0.60 1 4.06 5 3.88 2 4.3 5 2 6.15 2 6.97 2 8.26 117 .34 2 6.22 1 8.68 0.67 0 .2 8 ....... 0.71... 1 5.28 5 4.00 2 5 .6 2 2 7.44 2 8.29 29.71 117 .37 2 7.70 1 9.13 0 .79 0 .33 0 .84 16.54 5 3.99 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 25 T a b le 2 .2 . C h a in - T y p e Q u a n tity In d e x e s fo r N e t S to c k o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [In d e x n u m b e rs , 1 9 9 6 =1 0 0] L in e P riv a te fix e d a s s e ts E q u ip m e n t and s o ftw a re N o n r e s id e n t ia l e q u ip m e n t an d s o ftw a re I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t S o ftw a re 1 C o m m u n ic a t io n e q u ip m e n t In s t r u m e n t s P h o t o c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n t in g e q u i p m e n t I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s In te r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y S p e c ia l i n d u s t r y m a c h in e r y , n .e .c . G e n e ra l in d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t E le c t r ic a l t r a n s m is s io n , d is t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O th e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r f u r n it u r e T r a c to r s F a rm t r a c t o r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n r e s id e n t ia l e q u i p m e n t R e s id e n t ia l e q u ip m e n t S tru ctu re s N o n r e s id e n t ia l s tru c tu res N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c i a l 3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s t it u t io n a l b u ild in g s O th e r H o te ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u ild in g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic lig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls P e tr o le u m a n d n a tu r a l g a s O t h e r m in in g O th e r n o n fa rm s t r u c t u r e s 5 R e s id e n t ia l s tru c tu res H o u s in g u n it s P e r m a n e n t s it e 1 - to - 4 - u n lt F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O t h e r r e s id e n t ia l6 S ee th e s e c tio n "F o o tn o te s t o th e T a b le s ." 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1 2 5 .0 4 2 5.8 5 2 6 .7 3 2 7.6 0 2 8.6 6 2 9.6 9 3 0 .6 5 31.41 3 2 .4 2 3 3.41 3 4 .3 6 3 6.71 2 1 4.1 4 1 5.61 1 6.1 5 1 6.9 5 1 7.73 1 8 .4 9 1 8 .7 4 1 9.2 5 1 9.8 2 2 0 .2 8 2 0 .9 8 2 1 .8 3 3 4 5 6 7 8 9 io .... 11...... 12 13 14 15 16 17 1 4.3 9 1.33 0.00 0.00 2.69 6.15 1.34 16.15 2 2.72 2 3.36 2 7.30 2 5.44 3 9.32 2 3.52 3 2.77 1482 3 5 .4 7 1 5.0 8 1.49 0 .00 0 .00 3 .04 6 .88 1 .50 1 7/10 2 4.06 2 5.48 2 9.47 28.61 35.54 2 4.92 3 3.80 1 5 .8 7 1.66 0.00 0.00 3 .46 7.54 1.72 18.24 2 5.62 2 7.64 3 1.42 3 1.02 3 4.57 2 7.10 34.91 16.41 1.76 0 .0 0 0.00 3.74 7.77 1.93 1 8.99 2 7.19 2 9.85 3 5.19 3 5.05 3 6.68 2 9.63 35.42 1 7.21 1.90 0 .00 0 .00 4.06 8.33 .......2 .1 3 .... 2 0.09 2 8.63 31.41 3 7.99 37.91 3 9.14 3 0.88 3 6.55 1 7.9 9 2 .08 0 .00 0 .00 4.51 8.95 2 .32 2 1.93 3 0.36 3 3.00 4 0.08 3 9.77 4 2.85 3 3.08 3 7.99 1 8 .7 6 2 .30 0 .00 0 .00 5 .0 3 9 .53 2.51 2 4.77 3 2.00 3 5.09 43.21 4 2.96 4 5.5 9 3 4.72 3 8.95 1 9.0 0 2 .4 3 0 .0 0 0 .0 0 5.35 9.78 2 .5 5 2 6.70 3 2.80 3 6.55 4 6.0 0 4 6.0 9 4 5.7 9 3 4.55 3 9.26 1 9.4 9 2 .57 0 .00 0.01 5.81 9.80 2.75 2 7.86 3 3.57 3 7.40 4 7.78 4 8.08 4 5.95 34.61 3 9.80 2 0.0 6 2 .7 9 0 .0 0 0 .12 6.51 9 .88 3 .0 3 28.51 3 4.5 8 3 7.93 4 9.26 4 9.92 4 4.68 3 5.20 4 0.8 7 2 0.51 3 .0 5 0 .0 0 0 .2 2 7.41 9.95 3.29 2 7.92 35.31 3 8.22 5 0.10 5 1.22 4 2.19 3 5.30 4 1.64 2 1.21 3 .3 3 0 .0 0 0 .3 3 8 .43 9 .96 3 .6 9 2 6.68 3 6.15 3 8.19 5 0.68 5 2.10 4 0.7 3 3 5.74 4 2.72 2 2 .0 6 3.67 0.01 0 .5 8 9.23 1 0.10 4.61 2 6.34 3 7.23 3 8.50 5 1.23 5 2.67 4 1.24 3 7.00 4 3.63 2 6.05 2 6.49 2 7.37 28.17 2 9.46 30.91 32.21 3 2.70 3 3.28 3 4.15 3 4.74 3556 36.83 1 2.95 23.85 13.53 13.77 3 .69 54.15 103.51 25.55 14.82 2 4.09 14.36 4 7.24 4 7.23 4 1.38 5 4.25 2 7.98 104 .30 3 0.35 7.80 4 6.45 4.84 7.99 14.47 2 4.24 1 3.52 1 3.53 4.20 5 7.04 106 .66 2 6.75 15.51 2 5.49 15.01 50.19 48.86 52.54 57.19 29.76 109.22 3 1.17 8.01 47.11 5 .05 8 .29 15.99 2 5.13 1 3.49 1 4.89 4.59 6 0.12 108 .60 2 7.65 1 6.00 26.75 15.44 5 2.03 5 0.08 5 8.08 5 8.74 3 0.86 111.71 32.63 8.14 49.01 4 .97 8.61 17.50 25.23 13.31 15.59 4 .9 7 6 0.27 106 .95 2 8.13 16.72 2 8.23 1 6.13 ......5 1.74 4 9.26 6 1.12 5 9.66 3 0.75 111 .98 3 3.46 8.16 4 9.73 4 .9 2 8.91 18.95 2 6.20 1 3.95 1 7.67 4.95 60.05 106.06 29.36 17.79 30.24 17.14 53.78 5 0.40 6 8.25 6 0.82 3 2.10 117 .58 3 5.05 8 .50 51.42 5.16 9.38 2 0.63 26.51 1 4.46 1 7.20 5.81 60.71 106 .70 3 0.48 1 8.80 32.31 1 8.10 54.80 49.66 78.88 60.81 34.17 123 .17 3 6.53 8 .9 6 5 3.79 5 .48 9 .88 2 2.34 2 7.12 1 4.47 1 7.46 6.93 6 3.29 1 09 .09 3 1.08 1 9.47 3 3.60 18.73 5 4.32 48.91 79.91 6 0.46 34.85 126.61 3 7.69 9 .27 5 5.02 5 .75 10.34 23.51 26.34 14.06 15.91 7.41 6 5.70 106 .36 3 1.6 5 2 0.1 5 ....... 3 4.63 1 9.39 5 4.89 4 9.84 7 8.59 6 2.40 3 5.50 122 .08 3 7.7 0 9 .1 6 54.71 5.64 1 0.98 2 4.63 2 6.79 14.21 16.31 9.67 67.24 1 04 .27 3 2.50 20.82 35.31 2 0.07 56.60 51.77 7 9.09 6 3.86 3 7.04 120 .70 3 7.68 9 .16 5 4.60 5 .65 1 1.96 2 5.90 2 7.28 1 4.39 1 6.72 1 1.46 6 8.14 103 .69 3 2.85 2 1.52 3 5.59 2 0.79 5 4.49 50.01 7 5 27 6 4.1 2 3 7.46 117.91 3 7.72 9.38 5 3.84 5 .9 9 12.98 2 7.09 2 7.45 14.64 16.67 13.20 6 8.37 101 .34 3 3.1 6 2 2.04 3 5.40 2 1.36 5 3.66 4 9.46 7 2.97 6 4.09 3 7.33 114.31 3 7.84 9.69 5 2.92 6 .4 4 1 4.06 2 8.26 2 8.55 15.67 17.81 14.61 68.71 1 01 .09 3 3.75 2 2.6 8 3 5.3 9 2 2.04 5 3.58 4 9.65 7 1.48 6 4.27 37.71 111.11 3 8.2 6 1 0.14 5 2.14 7 .04 15.31 29.46 2 9.26 16.74 18.36 14.82 6 8.36 101 .13 3 5.12 2 3.68 3 5.64 2 3.08 5 5.20 5 1.18 7 3.54 6 5.77 40.01 112 .37 3 8.72 1 1.26 55.11 8.08 1 6.70 18 19 20 21 22 23 24 25 26 27 28 29 30 ...31 ...3 2 ....... ... 3 3 ...... 34 35 36 37 38 39 40 41 5 .4 9 5 .8 9 6.31 6 .7 2 7 .2 3 7.81 8 .3 4 8 .9 0 9 .6 6 1 0.2 7 1 0.8 3 1 1.4 3 1 2 .1 4 42 2 8 .5 8 2 9.42 3 0.3 2 3 1 .3 0 3 2 .4 4 3 3 .5 5 3 4 .5 6 3 5 .4 9 3 6.6 7 3 7 .8 0 3 8.9 2 4 0.1 6 4 1.51 43 44 31.71 2 0.15 2 9.13 15.11 1 2.97 1.59 1 3.18 3 0.03 2 2.87 8.23 35.82 15 7 6 4 0.62 7 6.88 57.01 152 .66 16.07 3 1.72 3 5.45 7 3.64 6 1.53 31.91 33.01 2323 2 6.25 3 2.3 5 2 0.60 3 0.15 1 5.22 13.06 2.00 1 3.25 3 1.17 2 4.02 8.82 3 6.02 15.73 4 0.24 7 8.39 5 7.77 151 .76 16.72 3 3.25 3 6.96 7 5.44 6 3.07 3 3.99 35.30 23.69 26.01 3 3.1 0 3 3 .9 0 2 1.15 2 1.85 3 1.05 3 1.82 15.46 15.87 13.50 14.14 2.41 2.81 13.69 14.33 3 2.58 3 4.54 2 5 .4 7 ..... ... ... 2 7.42 ....... 9.25...... 9 .7 3 3 6.22 36.66 15.89 16.12 40.11 ....... 4 0.45 7 9.10 ..... 8 0.13 5 8.68 5 9.36 150 .79 149 .56 17.42 18.16 3 5.07 3 6.66 3 8.66 40.01 7 7.82 78.81 6 4.25 65.31 36.31 3 8.95 3 7.83 4 0.77 2 4.27 2 4.64 2 5.90 2 5.82 3 4 .8 0 2 2.73 3 2.76 1 6.53 1 5.23 3.48 15.42 3 6.87 .......29.01 10.18 3 6.83 1 6.45 4 0.76 7 9.7 8 5 9.98 148.35 19 02 37.88 41.78 78.48 66.20 4 1.84 4 3.97 2 5.00 2 5.90 3 5 .8 6 2 3.82 3 4.23 17.41 16.42 4.30 16.61 3 9.35 30.81 10.59 3 7.17 16.92 41.31 7 9.55 60.81 147 .08 2 0.36 3 9.24 4 3.84 7 8.10 6 7.15 4 4.35 4 6.76 25.25 25.80 3 6 .8 8 2 4.88 35.81 1 8.25 17.31 5.31 1 7.49 4 1.89 3 2.33 1 1.28 3 7.52 1 7.45 41.91 7 9.19 6 1.66 1 45 .74 2 1.59 4 0.87 4 5.74 7 7.92 6 7.90 4 6.4 6 4 9.12 2 5.3 9 2 5.95 3 7 .6 9 2 5.73 3 6.52 1 9.17 1 8.17 6 .1 7 1 8.34 ..... 4 4.4 7 3 4.08 1 2.10 3 7.52 1 8.26 4 3 .2 3 7 5 .8 0 6 2 .3 3 1 43 .98 2 2.54 4 2.55 4 7.3 9 7 7.69 6 8.60 4 8.15 5 0.95 2 6.00 2 6.03 3 8.5 7 26.71 3 6.99 2 0.03 1 9.29 7.23 19.44 4 7.35 35762 12.87 38.65 19.43 4 5.32 ....... 7 5.68 6 2.88 142 .10 2 3.50 4 3.80 49.43 77.22 7 0.08 49.85 52.76 26.76 2 6.22 3 9 .5 7 2 7.90 3 8.02 2 0.9 9 2 0.4 5 8 .15 2 0.60 5 0.45 3 7.30 1 3.69 4 0.1 6 2 0.93 4 8.18 .......7 5 .6 7 ..... 6 3.44 140 .23 24.61 4 4.9 9 5 1.2 0 7 6.7 8 7 1.76 5 1.17 5 4.14 2 7.6 5 2 6.7 0 4 0 .5 7 2 9.19 3 8.95 2 2.05 2 1.79 8.95 2 1.95 5 3.45 3 9.14 1 4.78 4 1.76 22.74 50.53 75.94 6 3.84 138.21 2 5.49 4 6.02 5 2.92 7 6.10 7 3.29 5 2.4 9 5 5.49 2 8.67 2 7.04 2 6.6 2 28.41 2 9.29 3 0.83 117 .24 2 8.86 1 9.23 0.92 0.38 0.98 17.71...... 5 4.02 2 7.5 8 29.31 3 0.20 3 1.88 116 .79 2 9.93 1 9.27 1.15 0.45 1.23 1 8.97 5 3.98 3 2 .0 6 3 3.63 3 4.57 3 6.84 113 .82 3 5.07 1 9.60 2 .6 7 0 .9 8 2.85 2 4.36 5 7.36 3 3 .0 7 3 4.54 3 5.47 3 7.84 1 12 .96 36.11 19.83 3 .3 3 1.15 3 .56 2 5.86 5 9.06 3 4.0 8 3 5.4 6 3 6.3 8 3 8.73 1 12 .10 3 7.05 2 0.89 3 .9 3 1.35 420 2 7.2 6 6 1.86 3 6 .6 6 3 7.87 3 8.80 4 1.10 110.71 39.51 2 3 .6 2 5 .22 1.80 5 .59 3 0.64 6 7.64 3 7 .8 6 3 8.95 3 9.88 4 2.10 1 10 .13 4 0.54 2 5.25 5.81 1.92 6.22 3 2.39 7 1.88 45 46 47 48 49 50 .. 51....... 52 53 .. 5 4 ....... 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 2 8 .5 6 30.24 31.14 32.94 1 16 .28 31.04 19.37 1 .37 0 .54 1.46 2 0.26 5 4.46 2 9 .6 4 3 1.28 32.21 3 4.15 115 .63 3 2.29 1 9.46 1.61 0.62 1.72 2 1.53 5 5.10 3 0.9 3 3 2.57 33.51 3 5.63 114.63 3 3.82 19.54 2.03 0.76 2 '1 6 .... 2 2.90 5 5.94 3 5 .4 4 3 6.77 3 7.70 4 0.02 1 11 .45 3 8.39 2 2.37 4 .6 0 1 .59 4792..... 2 8.89 6 4.85 4 1 .6 3 4 2 .6 8 3 0.53 3 1.87 3 9.88 4 0.76 2 3.12 2 4.18 2 3.32 2 4.67 10.20 1 2.10 2 3.48 24.81 5 6.4 8 5 9.25 4 1.2 0 ....... 4 3.17 16.21 1 7.66 4 3.03 44.95 2 4.34 26.46 ....... 5 3.09 55.56 ....... 7 4 9 4 ..... 7 5.76 64.21 6 4.64 136.21 134 .32 2 6.43 27.51 4 7.00 4 7.9 3 5 4.29 55.51 7 6.46 77.61 7 5.09 7 6.89 5 3.93 5 5.00 5 6.9 8 5 8.04 2 9.7 6 3 0.92 2 7.45 2 7.95 3 9.21 4 0.24 4 1.18 43.21 1 09 .52 4 1.6 9 2 7.83 6 .5 9 2 .1 4 7 .0 6 3 3 .8 8 7 9 .7 0 4 0 .7 7 4 1.7 7 4 2.72 4 4.46 1 09 .08 4 2.98 3 1.2 7 7.63 2.39 8.19 3 5.42 8 6.04 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 26 T a b le 2 . 2 . C h a in -T y p e Q u a n t ity In d e x e s fo r N e t S to c k o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [In d e x n u m b e rs , 1 9 96 = 1 0 0 ] L in e P riv a te f ix e d a s s e ts ju ip m e n t an d s o ftw a re N o n r e s id e n t ia l e q u ip m e n t an d s o ftw a re In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re C o m p u te rs a n d p e rip h e ra l e q u ip m e n t S o ftw a re 1 C o m m u n ic a tio n e q u ip m e n t In s tru m e n ts P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t In d u s tr ia l e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu r b in e s S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o r k in g m a c h in e ry S p e c ia l in d u s tr y m a c h in e ry , n .e .c . G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t E le c tric a l t r a n s m is s io n , d is tr ib u tio n , a nd in d u s tria l a p p a ra tu s T ra n s p o rta tio n e q u ip m e n t T ru c k s , b u s e s , a n d tr u c k tra ile rs A u to s A ir c r a ft S h ip s a n d b o a ts R a ilr o a d e q u ip m e n t O th e r e q u ip m e n t F u rn itu re a n d fix tu re s H o u s e h o ld fu r n it u re O th e r fu r n it u re T ra c to rs F a rm tr a c to r s C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s M in in g a n d o ilfie ld m a c h in e ry S e rv ic e in d u s tr y m a c h in e ry E le c tric a l e q u ip m e n t, n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n re s id e n tia l e q u ip m e n t R e s id e n tia l e q u ip m e n t f ra c t u r e s N o n r e s id e n t ia l s tru c tu res N o n re s id e n tia l b u ild in g s , e x c lu d in g fa r m In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo r a tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n tia l s tru c tu res H o u s in g u n its P e r m a n e n t s ite 1 - to - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p r o v e m e n ts O th e r r e s id e n tia l6 See t h e s e c tio n "F o o tn o te s to th e T ab le s." 1964 1965 1966 1967 1968 1969 1970 197 1 1972 1973 1974 1975 1976 1 3 8.1 3 3 9.7 6 4 1 .4 2 4 2 .9 4 4 4.5 8 4 6.3 2 4 7 .8 8 4 9.60 5 1 .6 4 5 3.93 55.81 5 7 .1 6 2 2 2.96 2 4.6 2 2 6 .6 8 2 8.4 4 3 0.31 3 2.3 8 3 4 .1 0 3 5.6 2 3 7 .6 8 4 0.60 4 3 .3 3 4 4 .9 8 4 6.7 9 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 2 3.2 0 4.04 0.01 0.83 9.99 10.36 6.20 26.14 38.74 39.42 51.74 5 3.07 4 2.40 3 8.48 4 5.19 2 4.8 8 4 .53 0 .02 1.10 10.94 10.81 7.95 2 6.33 4 0.98 4 1.07 5 2.35 5 3.47 4 4.45 4 1.22 4 8.15 2 6 .9 7 5.21 0.04 1.54 12.06 11.35 1 0.17 2 8.36 4 3.86 43.41 5 3.76 5 4.47 4 8.46 4 5.10 51.41 2 8.7 6 5 .86 0 .06 1.96 1 3.16 12.24 1 1.36 2 9.54 46.51 4 5.35 5 6.78 57.49 51.49 50.38 53.55 3 0.6 3 6 .48 0 .08 2.34 14.26 13.04 12.63 3 0.00 4 8.76 4 7.96 6 0.76 6 1.65 5 4.15 5 4.05 5 5.45 3 2.7 2 7.30 0.12 2.93 15.69 14.03 14.15 3 1.97 51.20 5 1.80 6 5.45 6 6.53 5 7.52 5 7.24 5 7.42 3 4.43 8.19 0.15 3.70 1 7.29 15.13 16.01 31.91 5 3.52 5 6.47 7 0.37 7 1.98 5 8.42 5 9.73 5 9.22 3 5.9 3 3 7 .9 7 9.99 0.30 5.24 1 9.59 1 7.62 2 1.52 3 1.06 5 6.85 6 4.42 8 1.82 8 4.74 6 0.03 6 1.14 4 0 .8 8 11.20 0.40 6.12 21.12 19.37 25.55 3 4.19 5 9.74 6 9.99 87.57 90.69 64.30 6 4.09 63.91 4 3 .6 0 12.51 0.52 7.05 2 2.58 21.51 2 9.87 3 9.63 63.01 7 6.25 9 3.38 9 6.67 68.81 6 7.77 6 5.68 4 5.2 3 1 3.54 0.63 8 .10 2 3.68 2 3.09 34.21 4 1.5 7 6 4.74 81.71 9 6.69 100.34 6 9.44 6 9.38 65.81 4 7 .0 2 14.79 0.81 9.01 2 4.95 2 4.96 3 8.39 4 5 .2 3 6 6.34 8 7.70 9 8.73 102.41 7 1.33 7 0.89 6 5.7 6 18 3 8.65 4 0.87 4 3.57 45.39 4 6.78 48.71 5 0.42 5 1.57 5270 5 5.07 5 8.16 5 9.66 6 1.07 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 3 1.00 3 0.47 1 7.78 1 9.10 16.23 68.61 103.75 3 6.99 2 4.85 3 6 '36 2 4.29 5 8.72 5 4.38 7 8.53 6 7.33 4 3.42 115.55 3 9.85 12.48 59.31 9 .12 18.21 32.81 3 2.88 19.73 2 1.13 18.93 6 9.47 107 .43 39.35 2 6.27 3 7.26 2 5.75 6 2.40 5 7.26 8 6.16 6 9.95 4 7.48 120 .62 42.10 13.85 64.97 1 0.20 1 9.83 3 5.18 3 5.39 2 2.27 22.31 2 3.04 7 0.52 109 .67 42.31 28.05 38.02 2 7.60 68.95 63.08 9 6.15 7 3.17 5 1.90 125 .86 4 5.27 1 5.24 6 9.76 11.38 2 1.69 3 7.19 37.51 2 3.69 2 2.80 2 8.79 7 1.85 112 .39 44.31 2 9.58 39.31 2 9.15 7 2.36 6 7.27 9 5.55 7 6.70 5 5.20 123.80 4 7.35 15.98 7 2.78 1 1.96 2 2.68 3 8.94 4 0.95 2 5.86 2 5.05 3 7.37 7 4.73 113 .39 4 6.22 3 0.80 4 2.72 3 0.25 7 5.40 7 1.03 9 4.90 7 9.64 5 8.53 122 .58 4 9.70 16.60 76.86 12.32 23.94 4 0.75 4 4.27 2 8.89 2 6.84 4 2.38 7 8.10 116.82 4 8.36 3 2.36 4798 3 1.60 76.77 71.81 99.22 83.38 61.96 122.47 5 2.29 1 7.36 8 1.54 12.79 2 5.62 4 2.55 4 5.33 3 0.17 2 5.85 4 5.48 81.23 117 .68 50.54 33.54 55.34 32.42 7 8.54 7 3.80 9 9.85 8 8.74 6 4.59 128 .12 5 4.44 1 8.25 8 5.07 1 3.50 2 7.19 4 3.92 4 6.99 3 2.06 2 7.69 4 5.4 4 8 3.69 118 .89 5 2.34 34.21 6 3 90 3 2.64 7 8.94 7 4.18 100 .33 9 2.7 9 6 6.64 135.54 5 6.44 19.21 8 9.00 14.25 2 9.09 4 5.5 3 4 9.9 9 3 5.79 2 9.73 4 8.04 8 8.19 119.37 55.11 3 6.03 7 3.80 3 4.00 8 3.49 7 8.54 105 .67 9 7.82 7 0.63 136.89 5 8.27 21.23 96.41 1 5.90 3 0.98 4 7.83 54.34 4 0.66 3 2.37 5 3.15 96.11 120.54 59.31 38.06 83.03 35.64 92.77 87.04 118.52 106 .32 7 6.60 142.87 6 0.49 2 3.52 106 .39 17.64 33.91 5 0.50 5 7.03 44.41 3 2.98 5 5.35 101 .19 123 .05 63.07 39.18 88.32 3 6.53 9 9.90 9 2.68 132 .55 113 .46 83.01 156 .70 6 1.94 2 6.17 112 .68 2 0.10 36.91 5 2.09 5 8.13 4 4.46 3 3.40 5 7.04 108 .80 1 24 .50 6 5.45 3 9.30 8 8.03 3 6.67 105 .96 9 8.27 140 .75 1 2 0 60 8 4.89 176 .39 6 0.85 2 8.36 114 .48 2 2.39 3 8.5 0 5 3.55 5 9.90 4 6.4 9 3 5.7 0 5 7.40 115.11 123 .87 6 7.66 3 9.83 9 0.54 3 7.10 110 .52 103 .15 143 .89 125 06 8 6.23 193 .50 60.71 3 0.78 121 .66 24.51 40.61 41 1 2.91 1 3.82 1 4.7 0 1 5.5 5 16.81 1 8.39 2 0.1 5 2 2.2 3 2 4 .9 7 2 8.0 8 3 1.0 5 3 3.3 9 3 5.81 42 4 3.01 4 4 .5 7 4 6 .0 4 4 7.4 2 4 8 .9 4 5 0.53 5 2.0 0 5 3.7 7 5 5 .7 8 5 7.85 5 9.4 5 6 0.6 9 6 2.21 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 4 3.9 3 3 3.45 4 2.07 2 5.34 2 6.08 13.97 26.21 6 1.85 4 5.33 19.48 4 7.52 2 8.50 5 7.49 8 0.40 6 5.23 132.54 28.81 4 8.96 5 7.30 7 7.65 7 8.60 5 6.32 5 9.38 3 2.04 28.51 4 5 .5 4 3 5.50 4 4.37 2 6.54 2 8.15 15.72 2 8.28 6 5.05 4 7.50 2 1.36 5 0.52 3028 5 9 '3 4 87.66 66.01 130 .93 3 0.26 50.21 5 9.48 7 7.20 80.31 57.53 60.60 33.11 29.31 4 7 .2 4 3 7.66 47^50 2 7.66 3 0.09 1 7.54 30.21 6 7.84 5 0.26 2 3.18 5 3.29 3 1.80 6 0.62 95.29 66.96 129 .57 3 1.76 5 1.43 6 2.26 7 6.93 8 2.08 5 8.46 6 1.52 3 4.12 3 0.27 4 8.8 5 3 9.54 50.01 28.71 31.91 19.31 3 2.03 7 0.17 5 3.07 2 4.75 55.51 3 3.08 6 1.47 101 .43 68.21 128.17 3 3.17 5 3.45 6 4.77 7 8.52 8 4.22 5 9.18 62.21 3 5.06 3 1.04 5 0 .4 7 4 1.34 5 2.28 2 9.96 3 3.88 2 0.64 34.01 7 2.34 5 5.99 26.55 5 6.48 3 4.32 6 1.90 102.45 6 9.70 126 .95 3 4.57 5 5.62 6 8.32 8 0.44 8 5.88 59.88 62.82 36.42 3 2.10 5 2.2 0 4 3.32 5 4.69 3 1.43 3 6.10 2 1.49 3 6.25 7 3.96 5 8.37 2 8.95 5 7.64 3 5.88 6 2.74 103.00 71.15 125.77 36.46 57.82 71.00 80.83 87.44 6 0.73 6 3.55 3 8.07 3 3.50 5 3.8 8 4 5.16 5 6.87 3 2.78 38.21 2 2.02 3 8.37 7 5.23 6 0.04 3 1.72 58.63 3 7.48 63.51 102.79 7 2.69 124 .37 3 8.89 6 0.13 73.11 8 1.58 89.11 6 1.28 63.91 3 9.98 3 5.24 5 5.4 7 4 6 .9 2 58.31 3 4.32 4 0.55 2 2.28 4 0.74 7 5.96 6 1.68 3 4.67 5 9.44 3 9.03 6 4.15 102.06 74.21 123.02 4 1.28 6 2.50 7 4.72 8 3.32 9 0.54 61.51 6 3.89 4 2.0 0 3 6.89 5 7 .0 8 4 8.65 5 9.08 3 6.08 4 2.99 2 2.38 4 3.20 76.61 6 3.23 3 7.74 6 0.75 4 1.78 64.91 100 .57 7 5.92 121 .84 43.81 6 5.18 7 6.65 8 3.66 9 1.39 6 2.00 6 4.15 4 4.02 3 8.24 5 8.90 5 0.60 6 0.65 3 7.96 4 5.53 2 2.67 4 5.76 7 7.03 6 4.36 4 0.55 62.32 4 4.79 65.97 99.28 77.79 120.75 46.69 68.02 7 8.53 8 4.07 9 3.09 6 2.69 6 4.60 4 6.38 3 9.46 6 0.57 5 2.39 6 2.70 3 9.62 4 7.87 23.71 4 8.12 7 7.48 64.71 4 3.08 62.94 46.28 66.58 97.78 7 9.22 119 .69 4 9.24 6 9.98 7 9.88 8 7.39 9 5.50 6 4.04 6 5.63 5 0.06 4 0.55 6 1.8 7 5 3.59 64.53 4 0.63 4 9.20 2 4.67 4 9.45 7 7.65 6 4.76 4 5.35 62.81 4 6.63 6 6.80 9 6.13 8 0.50 118 .46 5 1.19 7 1.95 8 0.30 9 6.76 9 8.06 6 6.02 6 7.34 5 4.46 4 1.57 6 3 .1 6 5 4.69 66.01 4 1.5 2 5 0.47 2 6.10 5 0.72 7 7.9 4 6 4.88 4 7.69 6 2.66 4 6.67 6 7.44 9 4.58 8 1.89 117 .55 5 3.06 7 3.73 80.51 110 .29 100.71 6 8.24 6 9 .1 7 6 0.38 42.61 68 69 70 71 72 73 74 75 76 77 78 79 4 2.41 43.43 4 4.37 45.81 108.81 4 4.36 3 4.94 9.11 2.83 9.78 3 6.92 9 4.13 4 3 .9 6 4 4.98 4 5.90 4 7.13 108 .38 4 5.72 3 7.82 10.92 3.31 11.73 3 8.32 102 .86 4 5 .2 8 4 6.24 4 7.14 48.21 108 .03 4 6.84 4 0.10 1 2.90 3 .83 13.87 3 9.75 110 .58 4 6.5 0 4 7.42 4 8.27 4 9.24 107.88 47.89 4 1.96 1 5.13 4.35 16.28 4 1.16 115 .94 4 7 .9 6 4 8.90 4 9.70 5 0.44 107 .83 4 9.12 4 4.88 18.44 5.24 1 9.85 4 2.48 119 .77 4 9 .4 7 5 0.45 5 1.17 5 1.57 107 .60 5 0.28 4 8.62 2 2.65 6.26 24.40 43.74 122 .09 5 0.81 5 1.80 5 2.45 5 2.49 107 .29 5 1.24 52.21 2 6.45 7.31 2 8.49 4 5.04 122 .62 5 2.6 9 53.81 5 4.36 5 3.97 107 .10 5 2.76 5 6.95 3 1.8 2 8.82 3 4.27 4 6.42 122 .07 5 4 .9 6 5 6.30 5 6.73 5 5.79 107 .17 54.61 6 3.05 3 8.75 1 1.18 4 1.6 9 4 7.82 120 .65 5 7.20 5 8.80 59.11 5 7.60 107.15 5 6.46 6 9.20 4 5.88 14.18 4 9.26 4 8.97 119 .45 5 8.7 5 6 0.42 6 0.67 5 8.85 107.71 5 7.73 7 2.78 4 9.96 18.06 53.36 50.28 117.94 5 9.9 5 6 1.53 6 1 .7 6 6 0.00 107 .68 58.91 73.51 5 1.8 8 2 0.33 5 5.24 5 1.89 117 .27 6 1 .6 4 6 3.1 9 6 3.39 6 1.77 107 .68 6 0.7 2 7 4.1 9 5 4.56 2 2.52 5 7.98 5 3.75 115.71 9.01 0 .2 0 4 .3 4 18.58 16.23 18.34 3 1.18 5 5.04 6 0.40 75.61 7 7.93 58.39 6 0.18 60.25 6171 5 8.7 6 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 27 T a b le 2 . 2 . C h a in -T y p e Q u a n tity In d e x e s fo r N e t S to c k o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c t u r e s ; b y T y p e — C o n tin u e d [In d e x n u m b e rs , 1 9 96 = 1 0 0 ] L in e P riv a te fix e d a s s e ts E q u ip m e n t a n d s o ftw a re N o n r e s id e n t ia l e q u ip m e n t a n d s o ftw a re In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ftw a r e C o m p u te rs a n d p e rip h e ra l e q u ip m e n t S o f tw a r e 1 C o m m u n ic a tio n e q u ip m e n t In s tru m e n ts P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t In d u s tr ia l e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu r b in e s S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o r k in g m a c h in e ry S p e c ia l in d u s try m a c h in e ry , n .e .c . G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a nd in d u s tria l a p p a ra tu s T ra n s p o rta tio n e q u ip m e n t T ru c k s , b u s e s , a n d tr u c k tr a ile r s A u to s A ir c r a ft S h ip s a n d b o a ts R a ilro a d e q u ip m e n t O th e r e q u ip m e n t F u rn itu re a n d fix tu re s H o u s e h o ld fu r n it u re O th e r fu r n itu re T ra c to rs F a rm tr a c to r s C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s M in in g a n d o ilf ie ld m a c h in e ry S e rv ic e in d u s try m a c h in e ry E le c tric a l e q u ip m e n t, n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n re s id e n tia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tru ctu res N o n r e s id e n t ia l s tru c tu re s N o n re s id e n tia l b u ild in g s , e x c lu d in g fa r m In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa r m b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo r a tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n tia l s tru c tu res H o u s in g u n its P e r m a n e n t s ite 1 - to - 4 - u n it Fa rm N o n fa rm 5 -o r - m o r e - u n it M a n u fa c tu re d h o m e s Fa rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n "F o o tn o te s to th e T a b les ." 1977 1978 1979 1980 198 1 1982 1983 1984 1985 1986 1987 1988 1989 1 6 0.82 6 3.2 4 6 5.7 4 6 7 .7 3 6 9.6 7 7 1.10 7 2 .7 5 7 5 .0 7 7 7.4 8 7 9 .7 9 8 1.9 4 8 4.0 9 86.21 2 4 9 .3 6 5 2.76 5 6 .3 9 5 9 .0 9 61.61 6 3.03 6 4.61 6 7 .5 3 7 0.3 8 7 2.81 7 4.6 3 7 6 .8 4 7 9 .2 3 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 4 9.6 0 16.45 1.04 9.67 2 7.35 2 7.65 4 1.67 4 8.09 6 8.36 9 2.47 99.81 103 .16 74.98 72.73 65.80 5 3.00 18.94 1.54 10.75 3 0.47 30.68 4 5.85 5 7.78 7 1.04 9 6.43 100.31 103.03 80.09 7 5.86 6 7.40 5 6 .6 4 2 2.03 2.34 12.48 34.41 3 3.55 4 9.29 7 0.10 74.01 100.85 100.65 103 .12 8 2.29 79.62 6 9.02 5 9.3 2 25.54 3 .5 9 14.40 38.81 3 6.43 5 2.40 8 1.09 7 6.33 103 .76 9 9.93 102 .05 8 4.17 8 2.94 7 0.40 6 1.8 4 2 9.23 5.21 16.45 4 3.07 3 9.49 5 6.13 9 0.37 7 8.27 1 06 .20 9 9.79 101 .67 85.86 85.41 7 1.42 6 3.2 4 3 2.56 6.77 18.67 4 7.02 4 2.69 5 9.70 8 9.65 7 9.26 106 .80 9 8.83 101.05 8 2.48 8 5.59 7 2.36 6 4.8 0 3 6.55 9.34 2 1.22 5 0.57 4 5.63 6 2.17 103.01 7 9.53 106 .26 9 7.72 1 0 0 .37 7 8.38 8 4.00 7 3.22 67.71 4 1.80 1 3.63 2 4.65 5 4.66 4 9.09 6 7.28 117 .38 80.91 105.38 9 7.45 100 .06 7 8.36 8 4.18 7 4.90 7 0 .5 4 4 6.65 17.74 2 8.37 5 8.95 5 2.45 70.61 127.31 8 2.58 104 .66 9 7.53 100 .06 78.99 85.02 76.95 7 2 .9 4 5 1.05 2 1.58 31.81 63.01 5 5.56 7 3.33 138 .76 8 4.09 1 03 .32 9 7.04 9 9.32 8 0.27 8 5.66 7 8.90 74.71 5 4.50 2 4.93 3 5.56 6 6.33 5 8.76 7 5.60 1 27 .77 85.21 101 .23 96.72 9 9.19 7 8.69 8 5.38 8 1.12 7 6.8 8 5 8.16 2 7.75 4 0.07 7 0.42 6 2.04 7 8.58 116 .12 8 6.66 9 9.77 9 6.74 9 8.82 8 1.25 8 5.75 8 3.65 7 9 .2 4 6 2.36 3 1.20 46.45 73.95 66.29 81.92 108 .97 88.66 9 9.12 9 7.77 9 9.64 8 3.77 8 7.43 8 6.95 18 6 3.58 6 7.26 7 1.28 74.21 7 6.55 78.01 7 8.32 8 0.30 8 2.72 8 5.59 8 7.09 8 8.86 9 0.44 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 5 5.93 6 3.48 5 0.90 4 0.09 5 9.38 121 .17 124.01 7 1.08 4 1.53 9 3.12 3 8.74 117 .16 108 .36 156.91 129 .07 9 1.26 2 10 .30 6 1.26 3 3.92 127 .08 2 7.58 4 3.45 58.20 67.70 56.35 44.23 62.30 126.32 125 .95 75.53 4 3.76 9 6.80 4 0.90 124.46 114.01 171 .40 133 .85 9 9.97 2 20 .85 6 3.08 38.51 133 .76 3 2.15 4 7.08 6 0.72 7 1.75 6 0.93 45.37 67.75 132 .80 131.02 79.83 4 6.29 9 9.47 43.41 130 .96 120 .77 176.92 139 .13 106.35 228 .23 6 5.74 4 2.29 138.66 3 5.90 5 1.56 6 2.92 7 2.90 6 0.28 4 3.80 7 3.16 138 .67 134 .19 8 1.84 4 8.96 100 .62 4 6.16 130 .06 121 .28 169 .87 139.21 107 .73 2 34 .88 67.60 44.71 141 .64 3 8.32 5 4.75 6 5.15 7 3.49 5 9.04 4 4.57 7 6.15 146 .53 132 .60 8 4.00 5 1.56 1 01 .54 4 8.85 129 .30 120 .88 167 .49 1 38 .53 1 07 .07 2 62 .84 6 8.92 4 7.2 9 140 .07 4 1.20 5 7.47 66.94 72.71 57.24 44.94 77.31 147 .77 128.59 83.75 5 4.40 100 .86 5 1.90 122 .07 115 .59 151.67 133 .03 102 .07 2 65 .93 6 9.90 4 9.50 133 .07 4 4.02 6 0.36 6 8.72 7 3.20 57.23 49.42 78.51 144 .80 1 23 .55 8 2.90 5 7.56 101 .38 5 5.20 116 .07 1 10 .97 1 39 .54 1 26 .18 97.81 2 50 .28 7 0.94 5 1.97 1 28 .10 4 6.97 6 2.23 7 1.48 75.21 6 0.62 5 4.98 7 8.78 141 .38 120 .04 8 3.72 6 1.88 102.96 5 9.67 113 .54 109 .06 134 .24 120 .25 9 7.79 233 .62 7 4.23 5 6.32 125 .25 5 1.79 6 4.28 7 4.12 7 7.36 6 5.33 5 9.18 7 9.45 136 .62 1 16 .30 8 4.54 6 6.18 104.61 6 4.13 109 .32 105 .15 128.61 113.71 9 9.27 216.61 78.01 5 9.97 124 .73 5 5.72 6 6.46 7 6.28 7 8.77 6 7.25 6 3.07 81.84 132 .54 112 .36 85.04 7 0.32 106 .94 6 8.37 1 04 .70 100 .53 124 .02 107.71 9 9.69 1 93 .26 8 1.24 6 3.00 1 23 .37 5 9.02 6 8.98 7 8.69 7 9.08 6 8.74 6 3.24 8 4.57 127 .52 108.01 8 5.90 7 4.77 1 09 .00 7 2.94 102 .10 9 7.76 1 22 .25 1 02 .60 9 8.36 172 .42 8 5.37 6 5.82 1 22 .43 6 2.08 7 1.58 8 1.15 8 0.39 70.11 6 6.19 8 7.75 124 .13 105 .16 8 7.13 7 8 .2 7 109 .79 7 6.59 100 .36 9 6.68 117 .40 100 .24 9 7.05 1 56 .27 8 9.43 6 8.65 121 .04 6 5.17 7 4.90 8 3.80 8 0.02 7 0.25 6 5.76 8 8.23 120 .22 103 .89 8 9.43 8 2.73 1 09 .17 8 1.32 100 .47 9 6.16 120 .45 1 00 .82 9 8.39 1 44 .18 91.02 72.56 118 .98 6 9.48 7 8.39 7 8 .7 4 41 3 8.5 3 4 1.5 5 4 4 .8 9 4 7.9 3 5 0 .6 6 5 2.9 0 5 5.7 2 5 9 .0 9 6 2 .7 5 6 6.7 9 7 0 .9 2 7 5.0 0 42 6 4.09 6 6.20 6 8.3 4 7 0.1 2 7 1.8 8 73.31 7 4 .9 8 7 7.1 2 7 9 .4 0 8 1.6 7 83.91 8 6.0 4 8 8.08 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 6 4.5 2 55.83 67.50 4 2.47 51.99 26.72 5 2.24 7 8.27 6 4.96 4 9.79 6 2.50 4 6.68 6 8.19 9 2.88 8 3.23 1 16 .76 5 5.09 7 5.99 8 0.90 113 .69 103.51 7 1.03 7 1.54 6 7.38 4 3.92 6 6.19 5 7.35 6 9.54 4 3.75 5 4.03 2 8.95 5 4.28 7 8.87 65.14 51.71 62.66 4 7.04 69.21 9 1.56 8 4.64 116 .28 57.61 7 8.19 81.60 113 .45 106 .63 74.51 7 4.86 72.86 4 5.52 6 8.22 5 9.42 7 2.45 4 5.74 5 6.54 3 2.67 5 6.78 7 9.76 6 5.48 5 3.53 63.45 48.50 70.06 90.69 86.04 115 .79 6 0.39 8 0.02 8 2.70 113.28 109 .69 7 8.20 7 8.48 7 7.43 4 7.54 7 0 .4 6 6 1.54 7 4.58 4 8.52 5 8.95 3 6.82 5 9.17 80.61 6 6.29 5 5.46 6 4.66 5 0.60 7 0.95 90.21 87.41 115 .15 6 3.13 8 1.72 8 4.10 113 .79 111 .55 84.95 85.33 83.22 49.21 7 3.0 0 63.97 77.25 52.06 6 1.20 4 2.29 6 1.38 8 1.36 6 7.07 5 7.73 6 6.13 5 3.24 7 1.56 8 9.94 8 8.68 1 14 .45 6 5.92 8 3.22 8 5.66 113 .72 112 .64 9 3.07 9 3.48 9 1.38 5 0.85 7 5 .3 5 66.51 7 9.74 5 6.69 6 2.66 4 6.80 6 2.82 81.88 67.96 60.96 67.66 55.65 7 1.94 90.82 8 9.62 113 .60 6 8.67 8 4.39 86.66 112 .27 112.72 9 9.53 100 .05 96.51 5 2.52 7 7.1 2 6 8.68 8 0.83 6 0.56 64.21 5 0.77 6 4.33 8 2.66 6 8.98 64.53 69.71 58.86 72.35 92.18 90.11 112 .65 7 0.95 8 5.16 8 6.58 1 11 .08 112.41 1 03 .28 103 .93 9 8.86 5 4.59 7 9.4 8 7 1.54 8 2.07 6 5.40 6 7.09 5 6.20 6 7.19 8 3.79 7 0.03 6 7.76 7 2.62 6 3.14 7 3.29 94.31 9 0.95 111.91 7 3.52 8 6.62 8 6.68 109 .29 112 .00 108 .12 108 .99 101.61 57.65 8 2.23 7 4.97 83.81 71.29 70.88 62.82 70.95 85.16 71.41 7 0.42 7 5.80 6 7.65 7 4.57 9 6.69 9 2.29 111.41 7 6.05 8 9.06 8 7.28 1 07 .55 110 .84 111 .28 112 .26 103 .79 62.41 8 4 .3 6 7 7.95 8 4.85 7 6.15 7 4.47 6 8.64 7 4.52 8 6.76 73.21 7 2.84 7 8.89 7 2.02 7 5.88 98.95 9 3.50 110 .42 7 8.90 9 1.28 8 7.77 1 05 .92 1 09 .59 109 .84 110.71 1 03 .28 65.91 8 6 .4 2 80.78 8 5.76 8 0.17 7 8.07 7 4.30 7 8.10 8 8.43 7 6.25 7 5.40 8 1.86 7 6.14 7 7.74 100.61 9 4.60 1 09 .24 8 1.69 9 3.44 8 8.12 104 .56 108 .62 1 08 .35 1 09 .24 1 01 .66 6 9.8 9 8 8.3 6 8 3.66 8 6.94 8 4.18 8 1.67 7 9.70 8 1.69 9 0.16 7 8.24 78.41 8 4.85 7 9.53 8 0.49 102.92 95.15 1 08 .00 84.52 9 4.14 8 8.68 1 03 .19 107 .48 107 .08 1 08 .00 100.21 7 2.64 9 0.2 8 8 6.56 8 8.94 8 7.94 8 4.97 8 4.97 8 4.97 9 2.00 80.51 8 1.29 87.51 8 3.34 8 3.14 102 .85 9 5.67 106 .87 8 6.84 94.81 89.61 101 .70 106 .25 1 05 .35 1 06 .18 99.15 75.90 68 69 70 71 72 73 74 75 76 77 78 79 6 3 .8 6 6 5.49 6 5.67 64.20 1 07 .79 63.20 75.43 58.09 2 5.22 6 1.60 5 5.70 113 .56 6 6.2 5 6 7.93 6 8.07 66.74 107.82 6 5.80 7 6.96 6 1.66 2 7.09 65.35 5 7.97 111 .72 6 8.4 6 7 0.14 7 0.26 6 8.95 107 .26 6 8.07 7 8.99 6 5.09 2 8.79 6 8.96 6 0.28 109.60 6 9.9 5 7 1.47 7 1.57 7 0.19 106 .35 6 9.37 8 0.73 67.31 3 1.09 7 1.17 6 2.57 1 07 .68 7 1 .2 2 7 2.59 7 2.66 71.21 1 05 .33 70.43 82.34 6 9.55 33.01 7 3.45 6 4.53 106 .30 7 2.0 3 7 3.28 7 3.32 7 1.79 104 .08 7 1.05 8 3.54 7 1.39 34.81 7 5.29 65.95 105.22 7 3.6 4 7 4.90 74.91 73.31 103 .37 7 2.63 8 5.56 74.61 3 5.97 7 8.73 67.51 1 04 .48 7 5.6 3 76.91 7 6.90 7 5.19 102 .68 7 4.56 8 8.28 7 7.76 3 9.95 8 1.79 6 9.45 104 .07 7 7.61 7 8.87 7 8.84 7 7.00 102.01 7 6.43 91.02 80.48 43.38 84.43 71.58 1 03 .47 7 9 .9 7 8 1.13 8 1.12 7 9.20 1 01 .22 7 8.69 9 3.80 8 2.20 4 6.35 8 6.02 7 4.44 1 03 .07 8 2.31 8 3.39 8 3.40 8 1.54 100 .75 8 1.10 9 5.73 8 3.74 4 9.83 8 7.35 7 7.16 103 .52 8 4.5 8 8 5.53 8 5.56 8 3.84 100.71 8 3.45 9 7.10 8 4.43 4 7.92 8 8.32 8 0.02 103 .75 8 6.6 9 87.47 87.52 8 5.90 1 00 .28 8 5.57 98.41 8 5.24 5 1.03 8 8.89 8 2.94 1 04 .07 Fixed Assets and Consumer Durable Goods in the United States, 1925—97 28 T a b le 2 . 2 . C h a in -T y p e Q u a n tity In d e x e s f o r N e t S to c k o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [In d e x n u m b e rs , 1 9 96 = 1 0 0 ] L in e 1990 1991 1992 1993 1994 1995 1996 1997 1 0 2.9 6 1 8 8.1 4 8 9.5 2 9 0 .9 9 9 2.8 8 9 4.9 9 9 7.3 0 1 0 0.0 0 2 8 1.1 8 82.61 8 4.31 8 6.96 9 0.5 5 9 4.9 3 1 00 .00 1 0 5 .94 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 8 1.1 7 6 5.79 3 2.74 5 2.82 7 7.16 7 1.04 8 3.92 9 9.14 8 9.92 9 8.47 97.88 99.60 85.12 88.10 88.87 8 2.5 8 6 8.84 34.18 59.17 7 9.39 75.62 8 6.06 90.51 9 0.49 9 7.80 9 8.99 100 .56 87.31 8 8.08 8 9.59 8 4 .2 6 7 2.89 3 8.32 6 6.15 8 1.79 8 0.57 8 8.07 9 0.42 9 1.07 9 7.19 9 9.16 100.76 8 7.24 8 8.69 9 0.12 86.91 7 7.77 4 5.20 7 3.84 8 4.15 85.71 9 2.36 9 2.72 92.33 9 6.68 9 9.22 100.70 8 8.23 9 0.15 9 1.52 9 0.51 8 3.43 5 3.99 8 1.69 8 8.04 9 0.28 9 7.04 9 4.58 94.31 9 7.12 9 9.88 101.07 91.07 92.82 9 3.43 9 4.9 0 90.81 7 1.80 89.64 93.40 95.07 99.22 9 7.17 9 7.07 9 8.06 9 9.35 9 9.89 9 5.40 9 6.54 9 6.72 1 00 .00 100 .00 100 .00 100 .00 100 .00 100.00 100.00 100 .00 100 .00 100 .00 100 .00 100 .00 100.00 100 .00 100 .00 1 0 5 .98 111 .57 142.35 116.25 108.02 104.07 9 9.34 105.39 102.97 100.28 100.11 9 9.28 106 .25 103 .54 103 .09 G e n e r a l in d u s t r ia l, i n c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 9 1.53 9 1.58 9 1.57 92.73 9 4.55 97.21 100 .00 102.69 8 9.43 8 3.73 6 8.80 8 0.62 9 8.19 108 .90 9 9.40 90.58 89.16 101 .17 88.51 9 5.83 9 3.43 106.83 9 7.88 9 1.55 110 .03 8 9.26 8 5.47 105 .00 8 4.17 8 4.55 91.42 86.51 7 3.33 8 4.18 100.42 106 .95 9 8.27 9 1.75 9 1.40 9 9.79 9 0.95 9 5.05 9 3.47 102.32 96.85 9 1.09 107 .00 8 8.79 89.98 102.18 89.16 8 7.94 9 3.89 9 0.93 8 0.98 92.01 9 9.48 104 .28 9 8.60 9 3.97 9 3.83 9 9.53 9 3.53 9 6.40 9 5.85 9 8.92 9 7.33 9 2.56 104 .08 9 1.85 93.21 100 .89 9 2.69 91.78 9 6.87 9 5.20 8 9.85 9 5.59 100 .14 101 .57 9 9.38 9 6.73 9 6.85 9 9.46 96.71 9 8.45 9 8.53 9 8.06 9 8.44 9 5.48 1 01 .57 95.61 96.01 100 .22 9 5.72 9 5.68 100.00 100.00 100 .00 100 .00 100 .00 100 .00 100.00 100 .00 100 .00 100 .00 100 .00 100.00 100.00 100 .00 100 .00 100 .00 100 .00 100.00 100 .00 100 .00 100 .00 100 .00 104 .29 104 .95 111 .12 101.49 101.56 9 9.16 101 .34 104.58 104.92 100 .37 105.16 106.36 105.88 108 .56 102.00 104.53 106 .90 103 .57 106 .49 9 9.49 106.97 104 .39 P r iv a te f ix e d a s s e t s E q u ip m e n t a n d s o f tw a r e N o n r e s id e n tia l e q u i p m e n t an d s o f tw a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t S o ftw a re 1 C o m m u n ic a t io n e q u ip m e n t In s tr u m e n ts P h o t o c o p y a n d r e la te d e q u ip m e n t O ffic e a n d a c c o u n t in g e q u ip m e n t I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u i p m e n t O th e r e q u i p m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r fu r n it u r e T ra c to rs F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u i p m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c t u r e s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b i le s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a t io n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l i g h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a rm r e la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f ts , a n d w e lls P e t r o le u m a n d n a t u r a l g a s O t h e r m in in g O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n tia l s tr u c tu r e s H o u s in g u n it s P e r m a n e n t s ite 1 - to - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s i d e n t i a l 6 S ee th e s e c tio n "F o o tn o te s t o th e T a b le s ." 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 8 6.05 80.41 6 9.09 6 8.26 91.31 116 .59 102.74 9 1.33 85.81 107 .07 8 4.67 101 .09 9 6.73 121.30 102.28 9 9.56 132 .87 9 2.77 76.81 114.81 7 4.29 80.86 8 7.77 8 1.98 6 7.39 7 6.32 9 4.78 113 .17 101.21 9 1.13 8 7.03 103.63 8 6.13 9 9.57 96.11 115 .48 100 .85 95.31 121.16 9 2.76 8 0.85 109 .13 7 8.98 8 2.55 41 8 1.81 84.21 8 6.6 3 8 9.5 0 9 2.8 7 9 6.41 1 0 0 .00 1 03 .62 42 9 0.0 0 9 1.3 7 9 2.7 8 9 4.4 5 9 6 .1 6 9 7 .9 2 1 00 .00 102 .21 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 9 2.3 4 8 9.49 9 1.49 9 1.13 8 8.19 8 9.95 8 8.18 9 3.55 8 3.06 8 4.40 9 0.56 8 8.06 8 5.20 103 .14 96.41 105.70 8 9.02 9 5.99 9 0.74 100.42 105.31 104.49 105 .29 9 8.54 79.87 9 3.7 5 91.41 9 3.53 9 3.10 8 9.79 9 2.72 8 9.76 9 4.78 8 5.62 87.11 9 2.18 9 0.40 8 6.78 103 .10 9 7.07 104 .46 9 0.67 9 7 .0 8 9 2.26 100 .05 104 .34 103 .86 104 .59 9 8.48 8 3.58 9 4.7 9 9 2.83 9 5.07 94.31 9 1.07 94.01 9 1.04 9 5.66 88.28 89.95 92.52 90.79 8 7.90 102.37 9 7.66 103 .44 9 2.30 9 7.59 9 4.57 9 9.93 102 .97 102 .20 102 .73 9 8.24 8 8.33 9 5.9 4 94.30 96.05 95.50 92.72 95.22 9 2.69 9 6.74 9 0.73 9 2.97 9 3.50 91.75 8 9.77 102.27 9 8.33 102.43 9 4.09 9 8.54 9 5.90 100.09 102.20 101 .76 102 .23 9 8.28 9 2.35 9 6 .9 7 95.81 97.21 9 6.56 9 4.55 9 6.45 9 4.53 9 7.69 9 3.35 9 5.68 9 4.60 92.61 9 2.37 102.11 9 8.49 101 .50 9 5.84 9 8.50 9 6.43 100.14 101 .44 101 .13 101.31 99.78 9 5.42 98.31 97.71 9 8.67 9 8.17 9 6.99 9 7.98 9 6.98 9 8.82 9 6.23 97.81 9 6.46 9 5.07 96.01 100.32 9 9.13 100 .62 9 7.93 9 9.19 97.83 9 9.97 100 .53 100 .06 100 .12 9 9.54 9 8.20 1 00 .00 100 .00 100.00 100.00 100 .00 100 .00 100 .00 100 .00 100 .00 100 .00 100 .00 100 .00 100 .00 1 00 .00 100 .00 100 .00 100 .00 100 .00 100.00 100 .00 100 .00 100 .00 100 .00 100 .00 100 .00 1 0 2 .04 102.71 101.24 102 .63 103 .19 102.63 103.20 101.88 104.61 102.61 104.49 105.90 105.11 100 .35 100 .87 9 9.54 102.15 101.01 101 .34 9 9.85 9 9.42 101.65 1 01 .82 100 .25 101 .40 68 69 70 71 72 73 74 75 76 77 78 79 8 8.52 8 9.16 8 9.24 8 7.74 100.70 8 7.45 9 9.29 85.71 5 3.89 8 9.10 85.41 104 .72 8 9.8 6 9 0.48 9 0.59 8 9.26 100 .46 8 9.00 99.61 8 5.60 5 6.43 88.71 8 6.88 103 .39 9 1.50 9 1.96 9 2.08 9 0.97 100 .37 9 0.76 9 9.63 86.45 58.43 89.44 89.24 102 .40 9 3.50 93.79 93.91 93.11 100 .30 92.95 99.41 8 8.28 6 0.44 9 1.25 9 2.05 102 .09 9 5 .6 4 9 5.77 9 5.86 9 5.46 100.31 9 5.34 9 8.67 9 1.43 7 6.13 9 3.06 9 5.00 100.94 9 7.6 7 9 7.75 9 7.80 9 7.59 100 .03 9 7.53 9 9.23 9 5.46 9 2.85 9 5.74 9 7.25 100 .33 1 00 .00 100 .00 100.00 100 .00 100 .00 100 .00 100 .00 100 .00 100 .00 100 .00 100 .00 1 00 .00 102 .31 102.25 102 .19 102 .38 9 9.96 102.44 100.94 104 .68 109.38 104.18 102.65 100 .33 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 29 T a b le 2 . 3 . H is to r ic a l- C o s t N e t S to c k o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c t u r e s ; b y T y p e [M illio n s o f d o lla rs ; yearend es tim a tes ] L in e P riv a te fix e d a s s e ts E q u ip m e n t a n d s o ftw a re 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1 1 4 3 ,8 7 4 1 5 3 ,8 6 4 162,921 1 7 1 ,0 9 9 1 7 9,1 0 7 1 8 3 ,1 8 7 1 83 ,4 32 1 8 0 ,6 9 9 1 7 7 ,5 3 4 1 7 5 ,6 9 3 1 7 5,1 7 6 1 7 6 ,4 5 9 1937 2 2 7 ,6 96 2 9 ,0 5 5 3 0 ,0 26 3 0 ,8 3 5 3 2 ,2 4 6 3 2 ,4 60 3 1 ,2 83 2 9 ,1 9 8 2 7,2 71 2 7 ,3 29 1,446 0 0 698 196 51 501 8 ,566 722 514 409 105 1 ,719 3,0 89 2 6 ,1 93 2 8 ,6 48 1,562 0 0 767 2 06 55 533 9 ,05 8 7 73 513 4 06 ...... 107 1,741 3 ,21 7 2 5 ,8 6 9 2 9 ,5 82 1,638 0 0 801 2 19 58 561 9 ,413 804 502 3 99 104 2 6 ,4 9 0 3 0 ,3 62 1 ,740 0 0 858 231 60 591 9 ,824 8 33 501 398 104 2 7 ,8 2 6 3 1 ,7 3 8 1,8 59 0 0 9 38 251 67 6 03 10,351 881 5 10 401 1 09 3 1 ,9 2 9 1 ,862 0 0 9 66 264 69 5 63 10,445 908 508 3 99 109 30,741 1 ,779 0 0 948 2 64 68 499 10,226 901 490 389 100 3 37 66 2 5 ,9 21 1 ,474 0 0 7 96 241 54 3 83 9,191 790 4 13 3 39 74 3 ,380 3.461 G e n e ra l in d u s t r ia l, in c lu d in g in a le n a ls h a n d lin g , e q u ip m e n t 3,416 3 ,302 2 6 ,7 4 5 1,485 0 0 8 19 2 39 56 371 9 ,255 822 4 30 3 57 73 1,507 2 ,98 3 2 5 ,3 2 4 1 ,417 0 0 779 2 32 50 356 8,951 7 90 1 ,754 3 ,304 2 8 ,6 67 1 ,623 0 0 883 251 63 426 9 ,72 2 865 4 59 3 73 86 1,6 24 3 ,12 6 2 5 ,6 62 1 ,41 9 0 0 785 2 32 52 3 49 8 ,99 2 803 4 12 344 67 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 2 ,885 2 ,83 6 2 ,86 9 2 7 ,2 2 8 1 ,627 0 0 8 73 2 64 60 4 30 9 ,69 8 807 4 40 3 49 91 1,5 94 2 ,95 6 18 1,493 1,689 1,840 1 ,986 2,2 02 2 ,273 2 ,25 7 2 ,1 5 7 2,0 64 2 ,02 5 2 ,05 4 2,171 2 ,33 9 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 1,0 29 1 ,125 1 ,313 11,891 1 ,440 794 136 41 94 1,261 1 ,99 9 1 ,456 80 1,773 5 ,42 2 6 ,59 2 1 ,772 186 1 ,586 717 518 199 1,4 04 331 4 97 710 139 60 79 1.021 1,816 1 ,272 79 1,674 5 ,124 6,041 1,663 172 1,491 6 37 466 171 1,285 2 87 453 650 .......1 2 6 .... 56 69 940 1 ,764 1,185 83 1,5 89 4 ,92 0 5 ,70 9 1 ,598 164 1 ,434 606 4 57 149 1 ,200 2 58 4 32 6 13 118 55 64 8 84 1 ,794 1 ,232 80 1 ,50 0 4 ,72 5 5 ,62 5 1 ,554 160 1 ,394 6 36 5 02 135 1,1 87 2 47 4 39 5 99 120 58 61 843 1 ,469 9 ,45 4 1 ,88 8 7 47 fo b 14 86 1 ,303 1 ,523 11,580 2,1 90 1,717 89 1,8 69 5 ,715 7 ,156 1,872 201 1 ,672 783 582 201 1,526 380 552 7 77 152 62 " .....91 1,114 1,431 1 ,976 1,931 49 1 ,965 5 ,97 0 6 ,90 7 1 ,669 188 1,481 675 553 122 1,4 79 365 1 ,502 12,149 2,271 1,898 85 1,905 5 ,989 7 ,473 1 ,910 207 1,703 7 97 623 173 1,608 401 605 799 152 57 95 1,202 1,4 49 1,922 1,8 38 12 1,933 6 ,103 6 ,220 1,410 162 1 ,248 5 62 5 00 63 1,361 299 5 17 6 87 94 21 .......73 1,2 89 1,4 30 12,219 2 ,224 2 ,016 81 1,918 5,981 7 ,309 1 ,806 202 1,604 7 47 605 142 1 ,554 3 94 1 ,492 1,821 1 ,759 7 1,856 6 ,04 3 5,831 1,263 145 1 ,117 5 19 472 48 1 ,300 2 57 473 ....... 650 91 25 67 1 ,279 1,209 11,945 1,944 1,871 22 2 ,03 3 6 ,075 6 ,585 1 ,552 177 1,376 630 538 92 1 ,418 335 541 720 95 17 78 1,295 1 ,562 9 ,71 3 1,961 1 ,529 87 1,433 4 ,70 3 6 ,19 0 1 ,589 161 1 ,428 8 73 7 14 159 1,2 85 2 86 5 20 6 77 151 79 72 809 N o n r e s id e n t ia l e q u ip m e n t an d s o ftw a re I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e C o m p u t e r s a n d p e r ip h e r a l e q u i p m e n t S o ftw a re 1 C o m m u n ic a t io n e q u ip m e n t In s t r u m e n t s P h o t o c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n t in g e q u ip m e n t I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d tu r b in e s S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t R a ilr o a d e q u ip m e n t O th e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r f u r n it u r e T r a c to r s F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . O th e r R e s id e n tia l e q u ip m e n t S tru ctu re s N o n r e s id e n t ia l s tru c tu res I n d u s t r ia l b u ild in g s C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 R a ilr o a d E le c t r ic lig h t a n d p o w e r 36 37 38 39 40 ' F a r m r e la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f ts , a n d w e lls P e t r o le u m a n d n a tu r a l g a s O th e r m in in g O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n t ia l s tru c tu re s H o u s in g u n it s P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s i d e n t i a l 6 S ee th e s e c tio n "F o o tn o te s t o th e T a b le s ." 63 8 26 41 367 4 07 444 4 73 5 08 531 541 531 42 525 531 1 1 6 ,1 7 8 1 2 4,8 0 9 545 1 3 2 ,8 9 5 5 69 1 4 0 ,2 6 5 5 98 1 46 ,86 1 1 5 0 ,7 2 7 1 5 2 ,1 4 9 1 5 1 ,5 0 2 1 5 0 ,2 6 4 43 44 45 46 47 48 49 50 51 52 53 54 55 1 4 9 ,5 0 0 5 7 ,7 4 6 22,495 7 ,12 8 4 ,328 3 .333 0 3 .333 1 ,018 6 16 5 07 5,5 66 1,2 16 1,2 39 3 ,110 2 6,0 76 18,663 1,684 3 ,415 1 4 9 ,3 0 7 6 1 ,4 96 24,691 7 ,620 4 ,81 4 3 .75 4 0 3 .754 1 ,174 712 5 79 6 ,039 1,444 1,453 3,141 27,273 19.174 1.868 3 .69 2 1 4 9 ,9 6 9 6 5,1 36 26,823 8 ,068 5 ,29 4 4.191 0 4.191 1 ,329 803 673 6 ,46 4 1,615 1,658 3,191 28,450 19.643 2 .03 3 3.9 62 1 5 1 ,7 7 3 6 8 ,4 7 6 2 8,8 19 8 ,604 5 ,800 4.561 0 4.561 1,4 70 8 94 7 60 6,731 1 ,736 1 ,829 3 ,166 2 9,4 95 2 0 ,0 58 2 ,22 8 4 ,202 1,981 1 ,026 4 ,043 3 ,760 3,381 379 2 ,35 9 7 2 ,1 4 8 3 0,8 72 9 ,26 7 6 ,31 6 4 .908 0 4 .90 8 1,588 9 96 8 48 6 ,94 7 1,844 1,9 44 3 ,15 8 3 0,7 97 2 0,5 30 2 ,524 4 ,44 9 2 .117 1,177 4 ,08 3 3 ,990 3 ,598 3 92 2 ,406 7 4 ,7 00 3 2,2 44 9 ,500 6,704 5 .126 0 5 .12 6 1,692 1,094 9 40 7 ,18 6 1,920 2 ,032 3 ,23 4 3 1 ,8 67 2 0,9 34 2,7 93 4,7 16 2,246 1,179 4,055 4 ,096 3 ,702 3 94 2 ,438 7 5 ,3 87 3 2,5 84 9 ,419 6 ,792 5.191 0 5.191 1,747 1,173 993 7 ,26 9 1,911 2 ,092 3 ,26 7 3 2,2 84 2 1,0 32 2,891 4 ,82 6 7 4 ,9 9 9 32,422 9 ,19 6 6 ,7 5 7 5 .14 4 0 5 .14 4 1 ,75 8 1,2 03 1,0 08 7 ,355 1 ,883 2 ,08 8 3 ,38 4 3 2,1 73 2 0,8 93 2 ,90 8 4 ,82 0 7 4 ,1 72 3 2,0 08 9,081 6,671 5 .060 0 5 .06 0 1 ,747 1,196 7 3 ,5 0 5 3 1,6 68 8 ,984 6 ,606 5.001 0 5.001 1,735 1 ,187 9 89 7 ,166 1,829 2 ,030 3 ,30 7 3 1,625 2 0,566 2,861 4 ,71 6 1,227 3 ,988 1 ,234 3 ,90 2 3 ,698 389 2 ,44 5 3 ,69 4 3 79 2 ,42 9 1,212 3 ,82 4 4,061 3 ,69 0 371 2 ,420 7 3,0 41 3 1,3 22 8,841 6 ,5 6 3 4 .9 5 7 0 4 .9 5 7 1,731 1 ,199 9 79 7 ,05 3 1 ,79 7 1 ,995 3,261 3 1,422 2 0,362 2 ,84 3 4 ,7 1 6 2 ,3 0 2 1 ,19 9 3 ,70 6 4 ,2 4 6 3 ,8 7 8 3 69 2 ,34 4 7 3 ,8 5 2 3 1,6 59 9 ,04 8 6 ,604 5 .014 0 5.0 14 1,7 42 1,2 18 991 7 ,043 1 ,798 2 ,00 7 3 ,23 8 3 1,6 18 2 0,3 59 2 ,87 6 4 ,82 0 2 ,326 1 ,237 3 ,70 4 4 ,54 9 4 ,17 0 7 4 ,7 1 3 6 8.408 6 8 .4 08 6 0.5 62 5,4 63 55,100 7 ,846 0 0 0 5 ,263 1,041 7 6 ,0 2 7 6 9.4 05 69.405 61,437 5 ,448 5 5,988 7 ,968 0 0 0 5 ,535 1,087 7 6 ,7 62 7 0,0 50 7 6 ,5 0 2 6 9,8 04 7 6,0 91 6 9,356 6 2,0 29 5,441 5 6,588 8,021 0 0 0 5 ,62 5 1,087 6 1,8 68 5 ,40 4 5 6,4 65 7 ,93 6 0 0 0 5 ,62 2 1 ,076 6 1,506 5 ,36 8 5 6,1 38 7,8 50 0 0 0 5,671 1 ,064 7 6 ,9 2 8 6 9,6 22 6 9,6 22 6 1,9 12 5 ,3 2 2 5 6,5 90 7 ,7 1 0 0 0 0 6 ,2 6 0 1 ,04 6 7 7,9 21 7 0,3 07 7 0 ,3 07 6 2,5 53 5 ,34 4 5 7,2 09 7 ,75 4 56 57 58 59 60 G as P e t r o le u m p ip e lin e s ...... 7 7 .... 1 ,462 4 ,6 3 6 5 ,80 3 1,5 40 159 1,381 7 33 590 143 1 ,212 2 60 4 82 6 24 1 26 63 62 63 9 2 7 ...... 3 ,866 65 66 67 2 ,803 343 2,161 68 5 8 ,4 3 2 .. 6 9 ........ 53,641 .. 7 0 ........ 71 49,051 72 ..... 5,341 73 4 3 ,7 10 74 4,591 75 0 76 0 77 0 78 4 ,10 4 79 686 941 3 ,912 3 ,39 4 3 ,03 7 3 57 2 ,225 998 3 ,988 3 ,57 4 3 ,206 368 2,301 6 3 ,3 13 58,119 6 7 ,7 60 6 2 .1 89 7 1 ,7 8 9 6 5 ,8 58 52,616 5,4 19 4 7,1 97 5 ,50 3 0 0 0 4,381 813 5 5,7 26 5.434 5 0,292 6 ,463 0 0 0 4 ,66 2 909 5 8,5 69 5 .45 5 5 3,1 14 7 ,289 0 0 0 4 ,95 3 9 79 99 9 7,2 54 1,853 2,0 59 3 ,34 2 3 1,8 59 2 0,7 02 2 ,883 ..... 4 ,7 6 4 ...... 1,1 95 1 3 ,75 7 4 ,053 3 ,686 2 ,402 7 5 ,9 9 5 6 9,1 45 6 9,1 45 6 1 ,3 79 5 ,336 5 6,0 43 7 ,76 6 0 0 0 5,7 95 1,055 7 3,0 51 3 1,3 68 8 ,85 7 6 ,54 7 4 .97 8 0 4 .97 8 1,7 30 1,181 981 7 ,093 1 ,809 2 ,00 3 3 ,28 2 3 1,4 34 2 0,4 33 2 ,8 4 5 ..... 4 ,6 9 0 ...... 2 ,27 9 1 ,187 3 ,72 4 4 ,1 4 9 ......3 7 8 5 ....... 3 65 2 ,37 6 7 6 ,2 5 6 6 9,2 10 6 1 ,5 05 5 ,32 3 5 6 ,1 82 7 ,70 5 0 0 0 5 ,99 7 1 ,04 9 0 0 6 ,56 4 1 ,050 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 30 T a b le 2 . 3 . H is t o r ic a l- C o s t N e t S to c k o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ; yearend es tim a tes ] L in e P riv a te fix e d a s s e ts E q u ip m e n t an d s o ftw a re N o n r e s id e n t ia l e q u ip m e n t an d s o ftw a re In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re C o m p u te rs a n d p e r ip h e ra l e q u ip m e n t S o ftw a re 1 C o m m u n ic a tio n e q u ip m e n t P h o to c o p y a n d re la te d e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu r b in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o r k in g m a c h in e ry S p e c ia l in d u s tr y m a c h in e ry , n .e .c . G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a nd in d u s tria l a p p a ra tu s T ra n s p o rta tio n e q u ip m e n t S h ip s a n d b o a ts A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s M in in g a n d o ilfie ld m a c h in e ry S e rv ic e in d u s try m a c h in e ry E le c tric a l e q u ip m e n t, n .e .c . O th e r n o n re s id e n tia l e q u ip m e n t R e s id e n tia l e q u ip m e n t N o n r e s id e n tia l b u ild in g s , e x c lu d in g fa rm In d u s tr ia l b u ild in g s C o m m e rc ia l b u ild in g s R e lig io u s b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s A m u s e m e n t a n d re c re a tio n a l b u ild in g s R a ilro a d E le c tric lig h t a n d p o w e r G as F a rm re la te d b u ild in g s a n d s tru c tu r e s 1 2 3 4 5 6 R e s id e n t ia l s tru c tu res P e rm a n e n t s ite l- t o - 4 - u n it F a rm M a n u fa c tu re d h o m e s O th e r r e s id e n tia l 6 S e e th e s e c tio n "F o o tn o te s t o th e T a b le s ." 1939 1943 1944 1945 1946 19 4 7 1948 1949 1950 1 98 ,3 42 2 0 3 ,4 6 6 2 1 9 ,5 3 6 2 44 ,9 08 2 75 ,4 59 301,85 1 3 3 5,4 8 5 7 6 ,2 4 6 1 8 0,8 5 0 1 83 ,3 98 187 ,55 1 1 9 4,1 4 7 1 9 5 ,8 9 3 2 7 ,8 18 2 8 ,1 46 2 9 ,4 8 8 3 1 ,9 13 3 2 ,2 32 3 2 ,0 7 7 3 3 ,3 7 5 3 6 ,6 7 9 41,821 5 1 ,1 5 2 6 0 ,9 28 6 8 ,1 0 4 2 7 ,2 02 1,652 2 7 ,5 0 8 1,721 2 8 ,8 19 1 ,85 8 31,191 2,038 31,491 2,041 3 1 ,3 6 3 2 ,01 6 3 2 ,6 97 2 ,19 6 3 6 ,0 1 5 2,551 4 1 ,0 42 3 ,21 6 5 0 ,1 49 4 ,29 0 59,691 6 6 ,6 8 3 1,636 18 2,3 88 2,461 0 0 9 50 4 69 3 63 106 3 ,025 1,320 301 65 511 12,924 1 ,029 512 382 130 3 ,255 1 ,497 3 89 91 574 1 4,3 00 1 ,139 6 45 4 45 2,6 35 2 ,65 7 2 ,887 3 ,3 1 8 2 ,00 9 2 ,190 2,411 ..... 1 ,749 1 ,342 123 1 ,872 4 ,68 2 7 ,47 8 1,8 28 1 80 1 ,648 1 ,930 1,141 298 65 5 33 11,352 8 58 4 85 370 1 14 2 ,374 1,163 282 59 5 37 11,756 891 4 66 361 105 2 ,736 2 ,55 3 2,6 58 1,0 27 294 64 474 10,552 819 475 365 110 100 0 0 0 0 0 0 0 0 0 0 13 14 15 16 8 9 1942 1 9 6 ,1 1 0 924 2 87 64 447 9,963 802 4 56 356 10 11 12 1941 1940 887 269 60 4 37 9 ,760 800 443 3 50 94 1,589 7 O 1 ,169 291 62 4 93 12,101 19 1 ,593 1,651 1 ,776 1 ,917 1,971 21 22 1,892 1,466 91 1,462 4 ,564 6 ,315 1,602 161 1,441 932 769 164 1,349 299 5 16 684 157 1,932 1,488 103 1 ,426 4 ,460 6 ,415 1,621 159 1,461 9 68 803 165 1,362 305 522 7 04 169 2 ,032 1,592 129 1,4 67 4,4 52 6 ,73 8 1 ,692 165 1 ,526 1 ,047 874 173 1 ,398 331 553 7 37 197 2,241 1,722 1 47 1,667 4 ,58 6 7 ,438 1,826 180 1 ,646 1 ,207 1 ,973 1,528 136 1,755 4 ,698 7 ,604 1,863 183 1,680 1,203 1,011 1,012 195 1,5 24 3 63 6 70 7 83 2 27 191 1,608 377 6 79 7 94 229 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 1,102 9 30 172 1 ,588 3 83 6 80 8 27 2 27 100 0 1 ,752 1,142 116 1,8 83 4,7 42 7 ,94 0 1 ,807 178 1 ,630 1 ,219 1,031 188 1 ,729 394 730 9 37 2 67 .......1 4 9...... 118 857 2 ,31 3 964 2 04 1 ,95 7 4 ,78 5 8 ,9 4 0 1,866 183 1 ,683 1,361 1,1 36 2 26 1,9 15 589 892 1,102 314 175 139 901 3,371 1,343 1 ,470 1,612 673 2 92 827 305 5 ,79 2 6,440 490 2 37 4 ,176 4 504 5 77 2 79 4,351 5 ,305 3 ,699 4,291 4 ,885 5,1 92 5 ,500 2 ,86 7 11,500 2 ,979 1 ,309 371 1,982 4 ,859 3 ,533 14,222 3 ,955 2 ,373 454 4 ,092 16,873 5 ,02 8 3 ,299 4 62 4 ,55 5 19,458 5 ,636 4 ,45 9 5 20 5 ,168 2 2,1 72 6 ,434 5 ,867 536 3,8 66 3 ,51 9 0 O 3 ,00 6 1 ,146 2 ,690 9 74 2 59 1,3 47 21,593 2,104 201 200 0 0 2 ,254 7 54 194 1,087 18,978 1,748 1,752 5 32 133 8 00 16,123 1,354 646 445 10,202 2,111 213 1,8 98 1,4 12 1,188 225 2 ,01 3 890 948 1 ,392 375 210 165 1,061 2 ,240 5 ,199 12,659 2,4 98 260 2,2 38 1 ,656 1,425 231 2,399 1 ,213 1,030 2 ,059 521 290 231 1,282 5,9 30 15,955 2 ,829 304 2 ,525 2,071 1,816 2 56 3 ,02 6 1 ,656 6 46 361 2 85 1,5 49 7 ,165 18,155 3 ,09 3 2 ,48 7 2 ,2 3 9 248 2 ,88 3 2,6 35 4 ,17 6 ...... '4 1 4 ...... 323 1 ,764 492 383 1,960 39 40 73 777 78 764 89 782 102 102 838 850 843 41 616 639 669 722 741 714 678 664 779 1 ,00 3 1 ,2 3 7 1,4 21 1 ,6 6 4 42 1 53 ,0 32 1 5 5 ,2 5 2 1 5 8 ,0 6 3 1 6 2 ,2 3 3 163,66 1 1 6 4 ,0 3 3 1 6 4,9 6 7 1 6 6 ,7 8 6 1 7 7 ,7 1 4 1 9 3,7 5 6 2 1 4,5 3 2 2 3 3 ,7 4 7 2 5 9 ,2 3 9 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 7 4 ,0 5 5 31,664 8 ,992 6 ,609 4 ,99 9 7 4 ,3 2 4 31,661 8,9 59 6,6 03 5 ,000 7 4,7 11 31,631 9 ,11 3 6 ,657 5,001 7 5 ,9 3 3 3 2,3 19 9 ,61 5 6 ,73 2 5 ,04 0 7 6 ,1 95 3 2,1 33 9 ,654 6,660 4,971 7 6 ,0 8 4 31,633 9 ,50 5 6 ,52 4 4 ,85 7 7 6 ,4 5 7 3 1,176 9,411 6,411 4 ,745 7 7 ,6 6 4 31,399 9 ,74 7 6,391 4 ,68 5 8 2 ,0 05 34,016 11,104 8 7,2 43 36,209 12,430 9 4 ,0 4 7 3 9,072 13,415 1 0 0 ,4 4 6 4 1,5 16 13,951 1 07 ,5 79 5,0 56 5,341 5 ,933 37 5 ,89 6 6 ,40 7 44 0 4,9 99 1,760 1 ,235 1,007 7 ,062 1,795 2,041 3,226 31,675 20,243 2 ,89 9 4 ,970 0 5 ,000 1,775 1,250 1,019 7 ,054 1,802 2 ,077 3 ,175 31,836 20,175 2 ,922 5,1 16 0 5,001 1 ,800 1,276 1 ,033 6 ,752 1,809 2,081 2,8 62 3 2,125 2 0,143 2 ,973 5 ,302 0 0 5 ,04 0 1,8 27 1 ,31 0 1 ,059 6 ,73 7 1 ,81 9 2,091 2 ,82 8 32,483 20,179 3 ,07 9 5 ,40 8 4,971 1,824 1,309 1,068 6 ,648 1,799 2 ,057 2,791 3 2,8 68 20,285 3 ,159 5 ,532 0 0 8 22 4 ,85 7 1 ,795 1 ,29 0 1 ,058 6 ,60 4 1 ,759 2 ,00 4 2 ,84 2 33,122 20,497 3 ,14 5 5,5 43 4 ,74 5 1 ,772 1 ,277 1 ,064 6 ,496 1,725 1,9 60 2,811 33,615 20,831 3 ,15 2 5 ,573 4 ,68 5 1,7 65 1 ,28 3 1,081 6 ,4 4 6 1 ,702 1 ,928 2 ,8 1 6 34,189 2 1,1 70 3 ,19 3 5 ,68 3 5,319 1,898 1,528 1,232 6 ,515 1,778 2,031 2 ,706 36,827 21,737 1 ,749 1 ,334 6 ,782 1,8 27 2 ,19 0 2,7 64 39,289 2 2,142 1,983 1 ,509 7 ,12 9 1,894 2 ,38 2 2 ,237 1 ,477 3 ,700 5 ,464 4 ,99 4 4 70 2 ,16 4 1 ,512 3 ,759 5,781 5 ,290 491 2 ,12 6 1 ,51 8 3,811 6 ,16 7 5,6 60 507 2 ,09 8 5 ,049 1,807 1,381 1,145 6 ,634 1 ,747 1 ,993 2 ,893 34,959 2 1,4 20 3 ,418 5,819 2,7 58 Ì5 4 4 4,371 6 ,55 8 6 ,036 522 2,1in 6,540 3,082 1,627 5 ,013 3 ,50 2 1 ,796 5 ,670 4 ,048 1 ,929 4,801 2 ,09 7 6,857 555 2,123 7 ,28 4 5 93 2 ,13 9 2 ,16 8 8 8,5 10 7 9,2 28 7 9,2 28 70,595 5 ,69 0 64,905 8 ,63 4 8 9 ,1 23 7 9,5 09 7 9,5 09 7 0,8 52 9 5 ,7 10 84,354 84,272 75,415 5 ,983 69,431 8,857 82 4 78 10,303 1,052 1 06 ,51 3 92,527 92,286 82,867 1 2 0 ,4 8 4 103 ,18 5 102 ,75 9 92,704 133 ,30 1 1 13 ,10 9 112 ,60 4 101 ,79 8 1 51 ,6 60 128 ,42 0 127 ,81 6 116,254 76,691 9,419 241 86,263 10,055 4 25 17 4 08 16,199 95.124 10,806 5 04 109 ,40 5 11,562 605 24 581 2 2,065 0 67 1,228 3,691 4,7 27 4 ,34 8 3 79 2 ,29 9 1,283 3 ,684 4,871 4 ,484 386 2 ,274 1 ,332 3 ,655 5,045 4 ,645 400 2 ,255 1 ,389 3 ,65 0 5 ,243 4 ,82 2 420 2 ,23 7 i,4 3 5 3,6 55 5,3 33 4,8 87 4 46 2 ,206 68 7 8 ,9 7 7 8 0,9 27 8 3 ,3 52 86,301 8 7 ,4 66 8 7 ,9 49 70 71 72 73 74 75 76 77 78 79 71,106 6 3,3 23 5 ,346 5 7,9 76 7 ,783 72,750 64,842 5 ,375 59,467 7,9 08 74,832 6 6,843 5 ,439 6 1,4 04 7 ,989 7 7,3 73 69,305 5 ,53 9 63,766 8 ,068 78,373 7 0,2 07 5 ,600 6 4,6 07 8 ,166 7 8,7 98 7 0,4 54 5 ,65 3 6 4.8 02 8,3 44 ...... 6 2...... 63 64 65 66 O th e r n o n fa r m s t r u c t u r e s 5 1938 0 0 0 6,8 19 1 ,052 0 0 0 7 ,117 1 ,060 0 0 0 7 ,453 1,067 0 0 0 7 ,852 1,0 76 0 0 0 8,0 24 1 ,069 0 0 0 8,102 1,050 0 0 0 8 ,247 1,035 6 5,1 38 8 ,657 0 0 0 8,5 88 1,025 6 ,5 1 1 10 231 12,914 1,072 59 2,111 1,101 7 ,44 3 1,954 2 ,553 665 20 484 19,052 1 ,140 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 31 T a b le 2 . 3 . H is to r ic a l- C o s t N e t S to c k o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c t u r e s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ; y earend es tim a tes ] L in e 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1 1961 1962 3 6 9 ,3 4 5 4 0 1 ,9 7 2 4 3 6,9 2 2 4 7 1,3 1 0 5 1 2 ,0 2 4 2 5 5 5 ,0 0 6 5 97 ,6 73 6 3 3 ,7 1 5 6 78 ,1 25 7 2 1 ,5 9 7 8 5 ,3 04 9 3,2 56 7 63 ,07 1 1 01 ,99 7 8 0 9 ,4 4 8 1 0 8,6 9 8 8 59 ,6 17 1 17 ,2 28 1 2 7 ,1 5 2 1 38 ,0 97 1 4 4 ,3 9 2 8 3,4 22 7 ,59 9 1 53 ,3 50 1 62 ,5 18 9 1 ,1 77 8 ,642 1 7 0 ,0 6 2 9 9,7 20 9 ,757 1 0 6 ,2 3 4 10,476 1 7 9 ,7 3 8 1 9 0 ,5 2 9 C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t 3 4 5 1 14 ,5 54 11,426 1 2 4 ,2 5 9 1 2,7 48 1 35 ,0 07 14,437 1 41 ,10 1 15,538 1 58 ,74 1 1 8,6 58 S o ftw a re 1 6 C o m m u n ic a t io n e q u i p m e n t 7 In s tru m e n ts 8 1 49 ,7 85 16,800 19 9 8,8 89 3 ,32 9 884 3 ,668 59,038 6 ,605 3 ,568 3,061 508 10,213 12,014 93 10,037 3 ,54 2 994 3 ,79 0 6 2,957 6 ,88 2 3 ,83 5 3 ,32 6 5 09 1 0,7 69 12,831 1 6 6 ,0 9 8 2 0 ,6 16 4 30 177 1 1,4 67 3 ,735 1 ,098 3 ,70 9 6 6 ,0 18 7 ,072 4 ,01 3 3,521 4 92 1 1,1 15 13,492 1 7 5 ,5 8 4 2 2 ,7 38 711 2 68 1 3,0 72 3 ,88 4 1 ,25 7 3 ,54 6 6 9 ,2 69 7 ,1 7 9 4 ,13 5 3 ,64 9 4 85 11,612 14,275 186 ,15 1 25,296 1,320 4 68 14,343 4 ,08 3 1 ,597 3 ,485 72,965 7 ,358 4 ,24 6 3 ,744 5 02 12,398 14,994 P riv a te fix e d a s s e ts E q u ip m e n t a n d s o f tw a re N o n re s id e n t ia l e q u ip m e n t an d s o ftw a re I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 201 1963 13 14 15 16 .... 1 7 ..... 3 ,80 7 1,598 394 1 ,800 28,471 2 ,972 1 ,240 931 3 09 4 ,99 3 7 ,228 G e n e r a l in d u s t r ia l, i n c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 5 ,984 6 ,364 6 ,906 E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 7 ,42 6 8 ,144 9 ,04 2 9,981 1 0,582 11,246 1 2,0 27 12,642 13,326 14,215 19 6 ,05 5 24,519 7,3 30 6 ,39 2 5 59 2 ,289 7 ,948 2 2,8 33 3 ,86 0 4 38 3 ,42 2 3 ,27 9 2 ,906 3 74 4 ,72 8 2 ,315 1,583 3,9 64 977 528 4 49 2 ,127 7 ,07 8 2 6,0 33 7 ,625 6 ,60 5 6 85 2 ,565 8 ,553 2 4,9 14 4,2 32 478 3 ,754 3 ,59 9 3 ,08 5 5 14 5,211 2 ,594 1 ,763 4 ,21 0 1,032 5 50 4 82 2 ,273 8 ,144 28,100 7 ,844 7,565 792 2 ,869 9,031 26,682 4 ,540 516 4,0 25 3,8 37 3,2 42 595 5,534 2 ,799 1,902 4 ,573 1,073 590 483 2 ,425 9,2 28 2 8,9 88 7,914 8 ,143 893 2 ,969 9 ,069 2 7,9 43 4 ,914 556 4 ,35 8 3,892 3 ,242 650 5,771 2 .869 1,996 4,8 34 1,094 604 489 2 ,573 10,253 3 0,717 8,5 66 8,9 94 911 3 ,044 9,201 3 0,0 29 5 ,42 2 605 4 ,81 7 4 ,13 6 3 ,374 762 6 ,03 3 3 ,104 2 ,213 5 ,189 1 ,158 6 29 528 2,7 75 11,621 3 2 ,0 27 9 ,25 7 8 ,843 1,150 3 ,20 2 9 ,57 5 3 2,2 85 13,147 34,111 14,276 3 4 ,0 00 9,7 03 8 ,60 6 1,632 3 ,869 10,190 35,871 6 ,95 9 7 36 6 ,22 4 4 ,54 5 3 ,52 6 1 ,019 6 ,694 3 ,90 4 2 ,66 0 6 ,33 2 1 ,29 9 633 3 ,4 7 7 15,392 36,003 10,226 9,161 2,2 78 4 ,11 2 10,226 37,945 7 ,386 761 6 ,625 4 ,84 3 3 ,77 0 1 ,073 7,061 4 ,25 5 2 ,72 5 6 ,527 1,312 662 651 3,8 36 16,612 3 7,8 19 10,662 9 ,55 9 2 ,79 5 4 ,3 1 0 10,493 3 9,307 7 ,81 0 7 77 7 ,03 3 4 ,75 6 3 ,7 0 5 1,051 7 ,27 5 4,451 2 ,7 4 9 6 ,69 9 1 ,354 6 48 7 06 4 ,214 17,685 3 8,9 68 11,113 9 ,63 8 3 ,30 6 4 ,43 9 1 0,4 72 4 0 ,4 96 8 ,138 782 7 ,35 7 4 ,794 3 ,74 3 1,051 7 ,44 7 4 ,55 9 2,731 6 ,81 4 1,404 632 7 72 1 8,7 42 4 1,5 93 12,151 1 0,3 58 3 ,7 4 5 4 ,5 7 3 10,765 4 1 ,9 84 8 ,50 0 791 7 ,7 0 9 4 ,90 4 3 ,8 4 5 1 ,06 0 7 ,64 7 4 ,7 2 0 2 ,71 2 6 ,97 6 1,471 618 8 53 5 ,05 4 19,754 4 3,4 44 13,161 10,691 3 ,863 4 ,64 4 11,085 4 4 ,4 46 8 ,986 8 06 8,181 5 ,192 4 ,063 1 ,129 8 ,035 5 ,152 2 ,805 7,0 95 1,629 6 45 984 5,551 P h o t o c o p y a n d r e la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u i p m e n t 10 11 12 I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s In te r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y S p e c ia l in d u s t r y m a c h in e r y , n .e .c . T r a n s p o r t a t io n e q u i p m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u i p m e n t O t h e r e q u ip m e n t F u r n it u r e a n d f i x t u r e s H o u s e h o ld f u r n it u r e O th e r fu r n it u r e T r a c to r s F a rm t r a c t o r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n t ia l e q u ip m e n t S tru ctu res N o n r e s id e n t ia l s tru c tu res N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b i le s t r u c t u r e s O th e r c o m m e r c i a l 3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o te ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l i g h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a r m r e la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f ts , a n d w e lls P e t r o le u m a n d n a t u r a l g a s O th e r m in in g O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n t ia l s tru c tu re s H o u s in g u n its P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s i d e n t i a l 6 See th e s e c tio n 'F o o tn o te s t o th e T a ble s." 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 4 ,403 1 ,846 443 1 ,950 31,588 3,4 26 1,431 1,143 2 88 5 ,53 2 7 ,75 7 5 ,044 2 ,078 514 3 5,1 80 3 ,899 1,611 1,323 288 6,3 06 8,315 5 ,477 2 ,180 581 2 ,239 3 8,8 26 4 ,379 1,919 1,604 315 7 ,172 8 ,702 2,121 5 ,96 9 2,401 644 2 ,412 4 2,3 82 4 ,758 2 ,174 1 ,824 3 49 7 ,72 7 9 ,326 6,671 2 ,67 0 706 2 ,70 2 4 7 ,1 99 5,2 17 2 ,42 9 2,022 407 8 ,73 7 10,152 6,010 661 5 ,35 0 4 ,31 2 3,371 941 6 ,169 3 ,45 8 2 ,453 5 ,648 1,239 6 57 582 2,995 7 ,54 5 2 ,954 777 3,161 52,341 5,8 13 2,8 45 2 ,38 9 4 56 9 ,650 10,905 8 ,115 3 ,136 805 3 ,48 2 5 5,6 92 6 ,274 3 ,25 8 2 ,77 4 4 84 9 ,88 5 11,418 9 ,635 9 ,22 0 1 ,472 3 ,53 9 10,245 3 4,118 6 ,49 9 702 5 ,79 7 4 ,37 6 3 ,38 0 996 6 ,27 7 3 ,674 2,666 6 ,108 1,302 671 631 3 ,21 6 666 4 ,60 8 41 1 ,8 8 2 2 ,0 7 9 2 ,2 7 7 2 ,4 6 4 2 ,6 7 4 2 ,8 9 2 3 ,0 9 0 3 ,291 42 3 ,5 6 5 2 84 ,04 1 3 ,7 7 7 3 0 8 ,7 1 7 3 ,9 6 4 3 3 4 ,9 2 4 4 ,1 5 4 3 6 2 ,6 1 2 4 ,3 7 8 3 9 4 ,7 9 6 4 2 7 ,8 5 5 4 5 9 ,5 7 6 4 8 9 ,3 2 4 5 2 4,7 7 5 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 5 5 9 ,0 7 9 1 16 ,3 73 4 8,7 07 16,176 9,078 7 ,685 75 7 ,61 0 3 ,183 2 ,537 5 9 3 ,0 0 9 1 2 5 ,1 5 8 5 2,5 89 17,928 9 ,444 8 ,045 96 7 ,94 9 3 ,518 2 ,83 7 2,551 8 ,267 2 ,08 2 2 ,682 3 ,503 5 0,176 23,639 5,9 84 11,871 6 ,252 2 ,43 0 8 ,158 11,961 11,193 7 68 2 ,27 4 6 2 9 ,7 1 0 134,951 56,982 19,533 9,9 46 8,8 77 116 8.761 3 ,919 3 ,205 2 ,81 7 8 ,684 2 ,19 4 2 .762 3 ,728 53,523 24,084 6 ,45 0 13,378 6 ,91 2 2 ,69 8 8 ,73 4 .... 13,369 12,546 823 2 ,343 1 4 4 ,8 2 4 6 1,8 67 20,908 10,608 9 ,944 135 9 ,809 4 ,43 3 3 ,66 9 3,0 98 9,2 06 2,321 2 ,904 3 ,982 56,436 24,397 6 ,944 14,776 7 ,46 3 2 ,856 9 ,249 14,863 13,999 863 2 ,410 6 6 9 ,0 8 8 1 5 5 ,6 6 8 67,671 22,502 11,480 11,629 164 11,465 5 .03 9 4 ,062 3,371 9 ,589 2,4 75 3.0 40 4 ,07 4 5 9,2 67 24,736 7 ,528 15,944 8 ,14 9 2 ,910 9 ,723 16,500 15,596 9 04 2 ,508 1 6 9 ,1 6 4 7 5,2 96 2 4,9 39 12,691 13,613 1 8 3 ,0 2 6 83,093 2 7,6 38 13,974 15,223 243 14,979 6 ,49 5 4 ,977 4 ,10 0 1 9 5 ,0 5 2 8 9,7 37 29,101 15,319 16,723 2 76 1 6,4 47 7 ,2 2 8 5 ,45 2 4 ,6 1 8 11,296 3 ,2 5 7 3 ,7 5 6 4 ,2 8 3 70,271 2 5,4 96 9 ,9 7 7 2 0,9 56 1 0,7 09 3 ,1 3 3 1 1,3 50 2 0,8 54 1 9,8 17 1 ,03 7 2 ,8 3 9 2 0 7,4 3 7 96,653 3 0,2 28 16,589 18,562 3 15 18,246 8 ,030 5 ,869 5 ,096 12,279 3 ,685 4 ,18 6 4,4 08 73,499 25,515 10,679 22,447 11,670 3 ,18 8 12,180 22,125 2 2 0 ,8 0 5 104,71 9 3 2,036 17,931 2 0,4 60 3 47 2 3 4 ,0 1 2 1 13 ,27 6 3 3,7 09 1 9,4 43 2 2,6 13 3 74 2 2 ,2 39 9 ,70 9 6 ,80 4 6 ,25 8 14,740 4 ,82 3 5 ,20 2 4 ,7 1 5 7 9 ,3 79 2 5,4 19 1 2,1 92 2 5,1 36 13,358 3 ,27 4 13,905 2 4.0 83 2 2,8 28 1 ,25 6 3 ,36 8 2 47 ,78 1 1 22 ,27 6 35,381 2 1 ,0 15 2 5,0 47 4 08 2 4 ,6 38 10,550 7 ,3 5 0 7 ,11 6 15,818 5,381 5 ,70 6 4 ,7 3 0 8 1,9 73 2 5,3 07 12,884 2 6,348 1 4 ,0 3 7 ..... ..... 3 ,39 7 14,841 25,125 23,785 1,3 40 3 ,56 6 2 6 1 ,5 0 0 131 ,38 6 3 7,0 44 2 2,5 66 2 7,2 56 4 55 26,801 11,343 7 ,883 66 67 68 69 70 71 7 2 ....... 73 74 75 76 77 78 79 2,202 7,8 46 2,020 2 ,63 8 3 ,188 4 7,2 78 23,183 5 ,553 10,638 5 ,68 5 2,219 7,481 10,667 9 ,94 8 719 2 ,240 1 6 7,6 6 8 1 8 3 ,5 5 9 141 ,32 0 153 ,82 9 140 ,60 7 152,93 2 1 28 ,71 9 1 40 ,76 9 7 ,018 7 ,110 121,701.......................... 1 33 ,65 9 11,888 12,162 7 13 897 28 33 685 864 2 5,1 34 2 8,4 79 1 ,214 1,251 1 99 ,9 73 1 66 ,72 6 165 ,64 9 153,141 7 ,182 1 45 ,95 9 12,508 1 ,077 41 1 ,037 3 1,932 1,315 2 1 7 ,7 8 8 181 ,05 8 1 79 ,80 0 166 ,96 2 7 ,223 1 59 ,73 9 12,838 1,258 47 1,211 35,341 1,388 2 3 9 ,1 2 8 198,57 5 197,015 183 ,85 2 7,1 92 176 ,65 9 13,163 1,560 56 1 ,504 3 9 ,0 78 1,475 202 13,411 5 ,74 3 4 ,542 3 ,649 10,119 2,691 3 ,233 4 ,19 5 6 2,877 2 5,076 8,4 50 17,359 9 ,02 3 2 ,9 6 9 10,270 18,144 17,201 943 2 ,57 7 2 58 ,69 1 2 13 ,9 43 2 11 ,92 4 1 98 ,45 0 7 ,208 1 91 ,24 2 13,474 2 ,01 9 71 1,9 48 43,151 1,5 96 10,686 2 ,93 6 3 ,442 4 ,30 8 6 6,7 87 25,401 9 ,30 5 19,113 9,9 12 3 ,05 6 10,776 19,654 18,676 978 2 ,71 6 2 76 ,55 1 2 27 ,44 9 2 24 ,97 4 2 10 ,9 38 7 ,205 2 03 ,73 2 1 4,0 37 2 ,475 83 2,3 92 4 7,3 68 1,7 34 2 9 4 ,2 7 2 2 40 ,9 77 2 3 8,1 0 9 2 2 2,2 7 3 7 ,2 0 0 2 1 5,0 7 3 15,836 2 ,8 6 7 96 2 ,7 7 2 5 1 ,3 79 1 ,91 6 20,112 1,104 2 ,980 8 ,88 2 6 ,32 0 5 ,59 9 13,490 4 ,20 6 4 ,738 4 ,545 76,677 25,522 11,499 2 3,886 12,527 3,2 43 13,076 2 3,1 42 21,965 1,177 3 ,192 3 1 7 ,3 3 7 2 59 ,19 4 255,90 9 237,661 7 ,246 2 30 ,4 15 18,249 3,2 85 3 3 8 ,2 7 4 2 74 ,93 5 2 71 ,28 2 2 50 ,9 59 7 ,269 2 43 ,69 0 2 0,3 24 3 ,652 21,021 110 3 ,175 5 6,0 35 2 ,108 121 3,531 6 1 ,0 48 2 ,29 0 3 5 8 ,9 9 7 2 9 0 ,3 2 7 2 86 ,3 43 2 63 ,3 62 7,331 256,031 22,981 3 ,98 5 128 3 ,8 5 7 66,120 2 ,55 0 3 8 1 ,9 2 8 3 08 ,37 4 3 04 ,0 20 2 76 ,96 2 7 ,388 2 69 ,57 4 2 7,0 58 4 ,35 5 137 4 ,21 7 7 0,549 3 ,00 5 8,002 17,291 6 ,11 6 6 ,20 4 4,971 8 4,6 56 2 5,2 36 13,689 2 7,5 14 14 6 32 3 ,585 15,791 2 5,8 74 2 4,4 43 1,430 3 ,79 4 4 0 7 ,5 8 8 3 29 ,07 4 3 24 ,29 4 2 9 1,9 1 7 7 ,47 9 2 84 ,43 8 3 2,3 77 4 ,78 0 147 4 ,63 3 7 5,1 39 3 ,375 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 32 T a b le 2 . 3 . H is t o r ic a l- C o s t N e t S to c k o t P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [M illio n s o f d olla rs ; yearend es tim a tes ] L in e P r iv a te f ix e d a s s e t s E q u ip m e n t a n d s o f tw a r e M e t a lw o r k in g m a c h in e r y S p e c ia l in d u s t r y m a c h in e r y , n .e .c . G e n e r a l i n d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u i p m e n t O th e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r f u r n it u r e T ra c to rs F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c tu r e s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g fa r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b i le s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a t io n a l b u ild in g s H o s p it a l a n d i n s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l ig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a r m r e la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls P e t r o le u m a n d n a tu r a l g a s O t h e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n tia l s tr u c t u r e s H o u s in g u n it s P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n "F o o tn o te s t o th e T a ble s." 1974 1975 1976 1 ,8 7 5 ,1 0 4 2 ,0 1 2 ,1 0 6 2 ,1 7 6 ,9 1 0 1 ,1 1 7 ,7 1 2 1 ,1 9 4,33 1 1 ,2 8 1 ,2 7 4 1 ,3 6 5 ,8 6 9 1 ,4 6 4 ,8 3 7 1 ,5 8 6 ,3 6 0 2 6 6,9 9 2 2 9 0 ,8 3 3 3 1 8 ,2 6 3 3 4 3 ,7 3 4 3 6 8 ,4 9 7 3 9 9 ,9 5 5 4 4 3 ,4 6 9 4 91 ,78 1 5 3 7 ,5 7 7 5 9 0 ,7 1 6 13 14 15 16 17 1 9 9 ,6 2 4 28,226 2 ,02 7 672 15,591 4 ,31 7 2 ,173 3 ,446 7 7,6 78 7 ,65 4 4 ,35 2 3 ,82 6 527 13,304 16,003 2 1 8 ,0 5 8 31,788 2 ,847 899 17,133 4,631 2,8 18 3 ,45 9 84,130 8 ,103 4 ,470 3 ,90 6 2 6 1 ,5 8 3 4 1,3 36 5 ,219 1,641 20,887 5,601 4,091 3 ,897 100,601 9 ,249 5 ,055 4 ,377 678 1Q /IKK 2 85 ,04 1 4 5,9 07 6 ,259 1,998 22,985 6,161 4,541 3 ,962 1 08 ,47 7 10,024 5,5 89 4,8 63 725 14,753 17,607 2 4 0,6 8 6 36,680 4,0 44 1 ,275 19,001 5 ,015 3 ,629 3 ,717 9 2,3 46 8 ,706 4 ,66 7 4 ,039 628 16,755 19,411 3 1 1 ,9 8 2 52,214 7,601 2,571 25,921 6,8 47 5 ,053 4 ,22 2 1 17 ,30 2 11,106 6 ,246 5 ,457 7 89 2 3 660 20,859 22,298 2 3,8 87 3 3 6 ,8 9 8 59,315 8,982 3 ,350 29,389 7 ,638 5 ,698 4 ,259 126,511 12,486 7 ,016 6,191 825 25,561 25,499 3 61 ,00 1 65,954 10,168 4 ,00 9 32,599 8 ,470 6,511 4 ,19 7 1 34 ,00 9 13,786 7 ,923 7,071 852 26,504 2p 11 3 9 1 ,6 0 7 7 3,4 75 11,753 4 ,91 8 3 5,4 57 9 ,487 7 ,594 4 ,26 5 142 ,63 5 15,188 9,0 04 8 ,096 907 2 7,783 2 8,3 98 4 3 4 ,1 4 4 83,097 13,119 5,881 39,498 10,763 8 ,982 4 ,854 154,94 3 17,111 10,060 9 ,052 1,008 30,228 30,473 4 8 1 ,4 2 4 94,451 14,477 7 ,085 43,985 12,481 10,547 5 ,877 170 ,64 8 19,610 11,203 10,067 1 ,136 33,596 32,887 5 26 ,2 36 105,04 7 15,274 8 ,595 48,304 14,223 12,253 6 ,39 8 185,637 2 2,6 87 12,215 10,968 1,2 47 36,568 34,935 5 7 8 ,2 7 9 1 17 ,55 5 16,591 9 ,942 5 3,4 86 16,356 14,040 7 ,13 9 201,961 26,171 1 3,216 11,806 1,411 3 9,757 3 7,1 20 18 15,363 16,741 18,471 19,834 21,065 2 2,6 73 2 4,3 07 6 8 9 I n t e r n a l c o m b u s t io n e n g in e s 1973 2 4 5,8 3 9 10 11 12 S te a m e n g in e s 1972 1 ,0 5 0 ,9 3 3 O ffic e a n d a c c o u n t in g e q u ip m e n t E n g in e s a n d t u r b in e s 1971 9 81 ,8 28 P h o t o c o p y a n d r e la te d e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s 1970 2 22 ,9 53 7 I n d u s t r ia l e q u ip m e n t 1969 9 1 6 ,5 2 6 S o ftw a re 1 C o m m u n ic a t io n e q u ip m e n t In s tru m e n ts 1968 2 0 4 ,2 4 2 1 2 C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e 1967 1966 1965 1 ,7 3 1 ,2 4 8 3 4 5 N o n r e s id e n tia l e q u i p m e n t a n d s o f tw a r e 1964 19 20 .... 21..... 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 .... 3 7 ..... ..... 3 8 ..... 39 40 21,002 4 6,1 03 14,117 11,107 4 ,31 3 4 ,770 11,796 4 7,6 17 9,561 832 8 ,729 5,691 4 ,435 1,256 8 ,425 5,766 2 ,953 7 ,330 1 ,799 6 87 1,112 6,091 564 2 2,4 56 50,622 15,712 12,150 5,1 53 4,9 50 12,657 5 1,518 10,238 862 9 ,376 6 ,213 4 ,77 9 1,434 9,001 6 ,482 3 ,150 7 ,779 1,987 740 1,247 6 ,667 2 4 ,3 36 o nn 0c c0,¿UU 17,684 12,655 6 ,426 5 ,15 4 13,281 5 6,4 60 11,090 891 10,199 7,081 5 ,422 1,659 9 ,69 9 7 ,28 8 3,3 59 8,4 03 2 ,18 9 ...... 7 84 1,405 7 ,35 0 26,149 10,371 7 ,4 9 6 8 ,3 4 9 9 ,3 2 5 1 0 ,3 57 1 1 ,3 40 1 2 ,4 3 7 1 ,0 2 2 ,1 3 5 1 ,0 9 6 ,3 4 0 1 ,1 8 6 ,4 0 5 1 ,2 8 7 ,7 7 9 1 ,3 8 3 ,3 2 2 1 ,4 7 4 ,5 2 9 1 ,5 8 6 ,1 9 4 5 ,7 9 2 42 7 1 2 ,2 8 4 7 5 8 ,8 7 6 8 05 ,0 93 850,72 1 9 0 3 ,4 9 8 963 ,01 1 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 2 7 7,3 4 7 1 42 ,09 8 3 9,303 24,261 2 9,6 14 500 2 9,1 14 2 9 7 ,1 2 7 156 ,10 0 4 3,0 13 26,053 33,072 541 32,532 13,074 9 ,099 10,340 2 1,4 48 7,5 05 7 ,043 6,901 9 1,374 25,272 15,749 30,374 16,281 3 ,698 17,700 27,590 2 5,9 79 1,611 4,3 63 3 6 3 ,2 6 7 199,95 2 56,671 3 1,8 35 4 3,5 67 643 4 2 ,9 23 1 5,5 45 1 1,6 92 1 3,9 84 2 6 ,6 60 9 ,22 3 7,8 70 9,5 66 1 06 ,65 0 2 5 ,9 49 19,408 3 7,074 1 9 991 389 ,65 1 2 17 ,1 25 6 1,5 73 3 4,6 06 4 8,2 65 6 62 4 7,6 03 1 6,2 36 12,545 15,875 28,025 9,981 7 ,38 3 8 ,149 95,521 25,460 1 6,9 58 3 1,9 14 3 4 0,3 8 0 1 85 ,56 6 5 2,4 09 29,625 39,801 6 17 39,184 14,753 10,758 12,657 2 5,5 63 8 ,656 7 ,65 8 9 ,24 9 100 ,55 9 25,626 18,165 3 4,3 07 3 ,75 0 18,743 2 8,4 18 26,716 1,703 4 ,74 3 3 ,97 0 19,977 29,193 2 7,3 98 1 ,794 5 ,085 4 ,228 2 1 ,0 78 3 0,0 50 2 8,1 27 1 ,92 3 5 ,53 8 4 8 6 ,2 1 7 3 9 2 541 3 85 ,60 7 3 38 ,87 9 510 ,34 1 411 328 4 0 3,5 2 7 3 53 ,38 8 O.UHt 3 45 ,34 6 50,139 7 ,80 0 5 40 ,23 1 435,841 4 2 6,7 1 0 3 71 ,06 0 82 77 68 69 70 71 72 73 74 75 76 77 78 79 4 3 4 ,9 3 7 3 5 1,3 8 5 3 4 5,9 8 6 3 0 7 ,9 1 3 7 ,61 2 300,301 38,073 5 ,39 9 165 5 ,234 7 9,7 10 3 ,84 2 461,749 0700,COR'i 01 00 3 67 ,10 8 3 24 ,32 0 7 ,716 3 16 ,60 4 42,787 6 ,155 183 5,971 84,123 4 ,363 3 31 ,02 9 4 6,7 28 6 ,934 202 6 ,73 2 88,825 4,851 222 7 ,57 9 93,797 5 ,21 6 4 6,7 94 1 26 ,21 3 4 3,7 82 25,435 21,562 13,666 2 1 ,7 68 1 32 ,55 0 2 2,3 08 2 ,93 7 19,371 17,968 13,691 4 ,27 8 25,931 1 9,3 28 8 ,83 5 15,136 5 ,55 6 1 ,507 4 ,049 17,487 9 ,547 5 ,40 9 67 35,101 89,214 3 0,3 49 18,265 15,564 6 ,8 3 6 5 ,1 5 3 66 3 8,9 04 43,693 115,867 4 0,1 35 22,409 20,567 12,088 20,667 119,685 2 0,8 48 2 ,73 6 18,112 15,900 12,056 3 ,844 2 3,352 17,603 7 ,19 4 14,282 4 ,81 0 1 ,343 3 ,46 6 1 5,6 96 8 ,714 3 ,418 9,631 2 ,34 6 8 27 1,518 8,1 96 11,201 4 ,89 5 8,110 3 5,540 17,016 8 6,2 83 1 6,618 2 ,069 14,549 10,321 8 ,066 2 ,255 1 5,8 46 1 2,2 28 4 ,438 1 2,3 90 3 ,17 2 1,026 2 ,14 6 1 1,2 70 20,696 14,298 11,095 5 ,804 14,423 6 4,3 40 12,663 1 ,048 11,615 8 ,172 6,441 1,731 4 ,6 1 8 8 ,479 9,131 19,198 6 ,838 6,621 5,7 39 8 7,7 36 2 5,2 14 14,657 2 8,812 15,390 3 ,664 16,729 26,741 25,221 1,520 4 ,04 2 32,555 40,797 108,64 6 38,961 3 3,2 69 81,660 26,780 16,803 14,351 7 ,272 16,453 7 9,3 78 15,291 1,7 39 13,551 9,371 7 ,328 2 ,043 14,472 11,049 4 ,253 11,761 2,811 943 41 12,112 29,447 37,623 9 9,8 39 34,882 20,045 17,824 9,301 17,788 9 6,2 64 18,240 2 ,39 9 15,840 11,984 9 ,320 2 ,664 18,012 1 3,8 78 4,8 09 13,128 3 ,587 1,151 2 ,436 31,642 76,700 2 4,700 15,205 14,134 6 ,812 15,849 7 4,3 72 14,586 1,456 1 3,1 30 9 ,03 6 7 ,078 1,9 58 13,367 10,317 3 ,83 9 11,056 2 ,624 902 1 ,722 6,281 3 18 ,8 76 ' '1 7 1 ,4 5 1 4 8,0 75 27,831 3 6,4 79 580 3 5,9 00 13,963 9 ,90 6 11,555 23,641 27,161 29,730 73 344 2 3,3 53 15,504 12,864 6,301 15,322 6 9,1 22 13,674 1,217 12,457 8,561 6 ,679 1,882 1 2,1 16 9 ,552 3 ,515 10,373 2,461 867 1 ,594 8 ,870 2 7.8 94 00,0I 0 18,817 12,884 8 ,276 5 ,392 13,983 60,294 11,913 9 38 10,975 7,621 5,9 33 1,687 10,489 7 ,964 3,371 8 ,952 2 ,273 804 1,469 7,711 2 5,716 3 62 ,7 83 5 5,6 49 9,131 256 8 ,87 6 98,881 5 ,509 1,868 8,021 12,627 21,011 19,225 10,390 19,058 107 ,67 9 19,753 2,651 17,102 13,733 10,482 3 ,252 2 0,3 35 15,919 5,6 27 13,832 4 .163 1,260 2,902 1 4,317 3 9,9 87 2 1,2 63 4 ,357 2 2,2 43 31,091 29,002 2 ,08 9 6,1 45 4 1 7 ,5 5 8 2 34 ,67 6 6 6,4 84 3 7,4 57 5 3,0 97 674 5 2,4 24 16,861 13,225 18,187 29,364 10,810 8 ,547 10,007 120 ,31 4 2 6,5 94 23,517 4 3,2 75 2 2,3 93 4 ,535 23,564 3 2,0 62 29,773 2 ,29 0 6 ,942 4 4 6 ,9 8 6 2 53 ,33 8 7 0,5 12 4 0 ,9 27 5 8,960 678 58,282 17,360 13,975 20,881 3 0,7 23 11,717 8 ,906 10,099 128,131 26,933 2 5,8 95 47,018 23,435 4 ,850 24,894 32,856 30,332 2 ,52 4 7 ,76 7 4 7 9 ,9 1 9 2 7 4 ,2 7 7 7 3 ,7 83 45,491 6 5,7 05 6 78 6 5,0 27 17,888 14,765 2 3,9 35 3 2,7 10 1 3,3 16 9 ,34 2 10,053 137,061 2 7,356 2 8,508 51,467 2 4,7 13 5 ,016 26,055 3 4,0 04 3 1,2 19 2 ,785 8 ,523 519 ,38 1 299,291 79,028 5 0,7 75 7 3,4 69 685 7 2,7 84 18,377 15,462 2 7,002 3 5,179 15,207 9,911 10,060 147,421 27,884 31,711 56,576 2 6,0 48 5 ,202 27,927 35,460 3 2,3 50 3,1 09 9,2 82 5 63 ,30 2 3 25 ,99 8 8 6,3 46 56,176 81,567 720 80,846 18,966 15,901 30,150 3 6,8 92 16,426 10,427 10,039 158 ,27 3 28,671 35,145 6 1,2 56 27,346 5,855 3 0,4 70 38,400 34,767 3 ,63 3 10,160 6 0 6,8 9 8 3 48 ,83 3 9 3 ,9 59 6 0,394 8 7,475 761 86,714 19,495 16,249 3 3,3 38 3 7,9 22 17,054 10,878 9 ,99 0 170 ,28 0 29,411 3 8,0 39 66,911 2 8,282 7 ,63 7 3 3,428 4 3,222 3 8,9 15 4 ,3 0 7 11,135 6 5 2 ,3 6 5 3 71 ,1 46 1 00 ,8 53 6 4 ,3 98 93,431 825 9 2 ,6 07 2 0 ,1 08 1 6,6 54 3 6,7 44 3 8,9 59 17,493 11,495 9 ,97 0 1 83 ,64 5 30,571 4 0,997 72,601 2 9,167 10,309 3 6,5 53 4 8,8 76 43,671 5 ,205 12,145 5 7 3 ,3 6 0 4 63 ,2 58 452^262 3 89 ,1 66 8 ,476 380,691 63,096 10,996 2 99 10,697 104 ,37 5 5 ,72 6 6 04 ,57 7 4 88 ,22 9 4 75 ,4 70 405,051 8 ,656 3 96 ,39 5 7 0,4 20 12,759 346 12,413 110 ,52 2 5,8 26 6 4 9 ,3 5 4 5 25 ,88 8 5 10 ,63 0 4 3 0,0 1 8 8 ,88 4 4 2 1,1 3 4 80,612 15,258 4 13 14,845 117,60 8 5 ,858 7 0 6 ,4 8 5 5 7 5,4 0 9 5 56 ,99 0 4 62 ,45 2 9 ,22 5 4 53 ,2 27 9 4,5 38 18,418 516 17,902 1 25 ,24 6 5 ,830 7 6 8 ,3 9 8 6 29 ,91 9 6 08 ,0 53 4 97 ,9 68 9 ,567 4 88 ,4 02 110 ,08 4 21,867 6 56 820,021 6 72 ,0 10 6 47 ,87 7 527,391 10,192 5 17 ,20 0 120 ,48 6 24,134 857 23,277 142,19 7 5,8 14 8 6 7 ,6 3 2 7 07 ,15 7 6 8 1,6 4 3 5 57 ,83 8 10,615 5 47 ,22 4 123 ,80 5 25,514 9 94 24,520 154,58 5 5 ,88 9 9 3 3 ,8 2 9 7 58 ,68 4 731,181 6 0 3,8 7 9 11,079 5 92 ,8 00 1 27 ,30 2 27,503 1 ,136 26,367 1 69 ,26 9 5 ,876 8,202 9 ,842 1 13 ,04 8 2 6,3 32 21,110 21,211 132 ,64 7 5 ,832 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 33 T a b le 2 . 3 . H is t o r ic a l- C o s t N e t S to c k o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu re s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ; yearend es tim a tes ] L in e 1 2 P riv a te fix e d a s s e ts 1977 2 ,3 9 3 ,0 5 9 1978 1979 1980 1981 1982 2 ,6 6 3 ,8 2 8 2 ,9 7 7 ,6 3 7 3 ,2 8 1 ,8 2 2 3 ,6 1 8 ,8 9 9 3 ,9 2 0 ,0 7 5 6 6 2 ,2 3 8 7 5 4 ,9 3 5 8 64 ,2 12 9 68 ,2 30 1 ,0 8 2 ,4 2 4 7 39 ,74 1 1 55 ,86 7 13 14 15 6 4 8 ,5 3 2 133 ,67 0 18,785 11,053 6 1,1 67 19,424 15,429 7 ,81 2 2 21 ,8 23 29,353 14,131 12,496 1,635 12,681 71,123 2 3,0 49 17,276 9 ,527 2 47 ,51 3 32,891 15,026 13,098 1 ,928 8 47 ,2 39 184,06 5 27,768 15,463 83,516 26,771 19,001 11,546 2 78 ,50 6 37,462 15,910 13,749 2,161 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 17 39,721 4 4,252 49,437 9 4 9 ,4 2 4 2 17 ,30 6 3 4,3 22 18,910 9 8,5 49 3 0,923 2 1,170 13,432 3 10 ,80 2 4 1,7 56 16,809 14,366 2 ,443 6 4,6 95 55,165 1 ,0 6 1 ,7 0 7 2 55 ,68 2 4 3,0 40 2 2,9 96 114 ,99 9 3 5,7 86 2 3,7 42 15,119 3 44 ,37 8 4 6,0 85 18,024 1 5,2 66 2 ,758 72,660 61,171 G e n e r a l in d u s t r ia l, in c lu d in g i i i a l m i a l s h a n d lin g , e q u ip m e n t 18 4 3,9 65 5 0,598 58,489 6 6,1 94 E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 19 5 5,4 46 60,671 6 6,1 82 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 5 0,9 72 1 43 ,02 3 5 0,4 56 3 0,3 04 2 3,5 99 15,344 2 3 ,3 20 150 ,01 5 2 4,9 26 3 ,16 6 2 1 ,7 59 2 0,745 15,505 5 ,23 9 2 8,6 75 2 2,5 83 10,722 1 6,3 08 6 ,515 1,665 4 ,85 0 19,543 59,291 3 5,6 60 2 6,4 17 17,010 2 5,7 39 172 ,24 5 2 8,4 09 3 ,479 24,931 23,941 17,541 6 ,400 3 1,852 2 7,436 12,374 17,989 7,9 66 38,988 31,389 19,196 2 9,8 07 197 ,08 8 32,542 3 ,78 4 2 8,7 58 27,404 2 0,1 75 7 ,22 9 3 5,7 17 31,939 13,956 2 0,1 14 9 ,477 6,1 16 22,278 7,463 2 5,938 7 1,0 68 4 0,0 89 37,121 2 1 ,4 98 3 3,475 2 18 ,0 65 3 7 ,1 49 4,071 3 3 ,0 79 2 9 ,2 77 2 1 ,8 67 7 ,41 0 3 8,3 27 3 4 ,9 38 1 5,8 30 2 2,2 84 10,816 2 ,17 0 8 ,64 6 2 9,4 44 41 1 3 ,7 0 6 1 5 ,1 9 4 1 6,9 73 42 1 ,7 3 0,8 2 1 1 ,9 0 8 ,8 9 4 7 04 ,5 03 3 96 ,24 8 108 ,45 7 6 8,9 46 1 00 ,80 0 863 9 9,937 2 0 ,8 07 17.076 4 0.0 77 4 0 ,0 86 17,970 12,209 9 ,90 7 197 ,94 8 3 2,0 36 4 4,4 66 7 9,9 09 3 0,2 89 11,247 4 0,0 57 56,847 5 0,524 6 ,32 3 13,403 7 7 0 ,6 4 5 4 29 ,76 4 118,751 7 5,1 78 111 ,01 4 9 80 110 ,03 4 21,769 17,624 4 3,540 41,887 18,796 13,119 9,9 73 2 13 ,68 2 33,951 4 8,9 10 8 7,4 79 31,833 11,508 4 4,2 47 68,041 60,708 7 ,33 3 14,911 E q u ip m e n t a n d s o ftw a re N o n r e s id e n t ia l e q u ip m e n t an d s o ftw a re C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t 3 4 5 S o ftw a re 1 6 C o m m u n ic a t io n e q u ip m e n t 7 I n f o r m a t io n p r o c e s s in g e q u ip m e n t a n d s o f t w a r e In s tru m e n ts 8 P h o t o c o p y a n d re la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u ip m e n t 10 11 12 I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s 22,210 T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t R a il r o a d e q u ip m e n t O t h e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r f u r n it u r e T ra c to rs F a rm tr a c to rs C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n t ia l e q u ip m e n t S tru ctu res N o n r e s id e n t ia l s tru c tu re s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a t io n a l b u ild in g s H o s p it a l a n d i n s t it u t io n a l b u ild in g s O th e r A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 R a ilr o a d M in in g e x p lo r a t io n , s h a f t s , a n d w e lls P e t r o le u m a n d n a t u r a l g a s O t h e r m in in g O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n t ia l s tru c tu res H o u s in g u n it s P e r m a n e n t s ite 1 - t o - 4 - u n it N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s N o n fa rm Im p ro v e m e n ts O th e r r e s i d e n t i a l 6 See th e s e c tio n "F o o tn o te s t o th e T a b le s ." 20 21 22 43 ...4 4 ..... 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 1 ,0 2 6 ,3 1 8 8 34 ,21 9 803,901 6 70 ,73 7 11,656 659,081 133 ,16 4 30,318 1 ,327 28,991 186 ,29 7 5 ,80 2 1 ,1 3 8 ,2 4 9 9 24 ,8 09 8 91 ,32 6 750,191 12,278 7 37 ,91 3 1 41 ,13 5 33,483 1 ,479 32,004 2 07 ,6 66 5 ,77 3 1984 1985 1986 1987 1988 1989 4 ,6 3 4 ,6 7 4 5 ,0 5 0 ,1 5 2 5 ,4 6 2 ,4 6 0 1 ,1 7 4 ,7 9 3 1 ,2 6 5 ,7 5 3 1 ,3 8 7 ,5 1 8 1 ,5 0 7 ,4 5 2 1 ,6 1 8 ,6 5 0 1 ,7 1 7 ,0 0 8 1 ,8 3 0 ,6 1 7 1 ,9 5 4 ,8 9 7 1 ,1 5 2 ,2 5 3 2 92 ,54 7 5 0,6 46 27,675 131 ,66 3 4 1,2 40 2 6,1 55 15,168 3 71 ,89 9 4 9,4 59 18,836 15,983 2 ,85 3 7 7,7 83 6 7,1 26 1 ,2 4 1 ,0 3 2 332,181 5 9,8 60 32,775 1 47 ,25 5 4 6,5 72 2 8,0 37 17,682 3 9 3,3 7 4 5 1,9 09 19,542 16,656 1 ,3 6 0 ,3 2 0 3 81 ,69 8 7 2,6 86 3 9,2 95 165,57 4 5 2,577 31,221 2 0,346 4 21 ,8 80 5 3,5 58 20,485 1 7,4 10 3 ,075 1 ,4 7 7 ,6 5 7 4 28 ,67 2 83,390 4 6,2 66 1 84 ,89 7 58,446 3 3,5 68 2 2,1 07 451,861 54,951 2 1,4 82 18,221 3,261 1 ,6 8 1 ,5 3 7 5 0 7,5 4 8 9 5,1 00 5 9,2 84 2 21 ,1 90 7 0,7 17 3 8,1 96 23,061 5 10 ,4 53 55,636 2 3,024 19,495 3 ,53 0 1 ,7 9 2 ,2 6 9 5 46 ,98 0 9 8,450 8 0,0 16 72,925 7 9,9 27 8 7,425 1 ,5 8 6 ,0 4 7 4 71 ,3 66 90,027 52,402 2 04 ,12 3 6 4,3 27 3 5,9 10 24,577 4 82 ,09 4 55,645 22,229 18,756 3 ,473 95,085 95,373 1 ,9 1 3 ,8 2 5 5 91 ,94 5 103,721 7 9,5 90 2 58 ,25 4 8 5,7 40 4 4 ,2 16 2 0,424 5 82 ,76 3 5 8,498 25,492 2 1,4 14 4 ,07 9 112 ,43 8 126 ,32 9 7 3,9 79 8 0,394 8 4,746 9 1,4 34 9 8,677 1 07 ,22 8 1 13 ,95 7 1 21 ,75 0 129 ,34 9 7 2 ,4 60 2 18 ,99 4 74,305 4 3,5 33 4 1,5 68 2 4,6 36 3 4,9 52 2 42 ,65 2 4 2,0 96 4 ,37 7 3 7 ,7 19 3 1,603 2 3,624 7 ,97 8 4 1 ,1 07 3 7 ,3 67 2 0,2 89 2 4,4 82 12,445 84,235 2 44 ,26 8 8 1,5 62 5 3,1 52 4 8 ,5 49 2 6,5 44 3 4,4 60 2 71 ,20 9 5 3,4 69 4 ,874 4 8 ,5 95 3 1 ,9 17 2 4,6 14 7 ,302 4 1 ,5 17 3 7,645 2 1,610 2 8,564 1 5,604 2,2 53 13,351 4 0,8 82 9 2,0 42 2 66 ,76 8 9 2,7 33 6 1,5 87 51,115 26,701 3 4,632 2 89 ,9 75 6 0 ,8 89 5,2 12 5 5,6 78 33,324 25,851 7 ,47 3 4 1,5 07 3 9,8 10 2 0,8 14 3 1,5 50 17,877 2 ,30 2 15,575 4 4,2 05 9 9,6 84 106,53 4 1 14 ,14 7 105 ,99 6 6 8,5 97 5 4,0 49 26,377 3 4,5 60 3 07 ,5 45 6 8,5 62 5,551 63,011 3 3,7 00 2 6,1 52 7 ,548 4 0,808 4 2 ,5 77 19,818 3 4 ,7 26 19,851 114,16 0 75,767 58,712 2 6,2 57 3 4,2 44 3 23 ,44 8 7 6,2 99 5 ,935 7 0,3 64 3 3 ,8 07 26,181 7 ,626 4 0,1 48 4 4,8 10 17,950 3 7,6 10 2 1,6 70 120,821 78,641 6 3,6 95 25,753 3 3,5 52 3 41 ,07 3 8 4 ,6 94 6 ,305 7 8,389 3 4 ,6 70 2 6 ,7 56 7,9 14 3 9,7 34 4 6 ,2 23 16,274 4 1,0 69 2 3,4 95 121,951 340,531 1 27 ,16 2 8 4,7 04 6 9,1 68 2 5,7 87 3 3 ,7 10 361,271 9 2,4 69 6 ,60 5 85,864 35,821 2 7,8 73 7 ,94 8 4 0,7 46 4 7,7 82 15,102 4 4 ,4 64 2 5,348 2 ,255 10,190 33,265 78,301 2 29 ,14 5 7 6,5 85 4 6,2 29 4 5 ,0 38 2 6 ,2 40 3 5,0 53 258,661 4 7 ,5 66 4 ,5 9 8 4 2,9 67 3 1,6 25 24,071 7 ,554 4 1,7 59 3 7,4 55 22,131 2 6,560 13,996 2 ,23 7 11,759 3 7,5 70 1 30 ,65 7 3 50 ,0 72 1 31 ,44 4 86,094 72,002 2 5,6 14 3 4,9 19 3 89 ,04 5 102,03 4 6 ,80 4 9 5,230 3 7 ,9 00 2 9,2 25 8 ,67 5 4 3,5 02 5 1,0 55 14,373 4 7 9 66 2 7,6 27 2 ,608 1 7,4 60 4 7,5 04 19,219 5 1,153 2 0,9 79 5 4,9 12 2 2,779 5 9,539 6 4,5 87 1 8 ,8 0 6 2 0 ,7 1 7 2 2 ,5 40 2 4 ,7 22 2 7 ,1 9 7 2 9 ,7 9 5 3 2 ,6 03 3 5,471 2 ,1 1 3 ,4 2 5 3 8 ,3 4 8 2 ,3 1 3 ,5 9 2 4 1,0 71 2 ,5 3 6 ,4 7 5 2 ,7 4 5 ,2 8 2 2 ,9 7 2 ,9 6 4 3 ,2 4 7 ,1 5 6 3 ,5 4 2 ,7 0 0 3 ,8 4 3 ,8 1 0 4 ,1 4 8 ,8 0 4 4 ,4 5 9 ,2 9 2 8 5 6,2 1 6 4 77 ,31 9 133,761 84,914 124,851 1,183 123 ,66 8 23,092 18,371 4 7,2 92 4 5 ,0 39 20,733 14,079 10,227 2 31 ,23 7 3 6,0 47 5 4,4 58 9 5,0 16 3 3,8 97 11,820 4 8,9 09 8 1,8 69 7 3,5 39 8,330 16,882 4 ,7 7 4 ,7 9 0 9 5 7 ,1 5 2 532 ,10 3 1 47 ,43 9 9 9,2 86 140 ,01 6 1,431 138 ,58 5 2 4,5 58 1 9,5 96 5 1,7 55 4 9,4 54 2 3,5 66 15,202 1 ,4 4 5 ,7 1 6 826,071 2 07 ,5 66 1 96 ,41 7 2 04 ,00 6 2,661 2 01 ,34 5 3 1,4 12 2 5,9 10 8 3,0 88 77,671 4 2 ,0 03 1 9,8 07 15,861 3 23 ,4 77 4 6,6 48 84,351 1 34 ,09 0 45,431 12,956 6 2,220 2 03 ,50 3 1 88 ,34 8 15,155 3 0,4 45 1 ,5 8 9 ,9 0 9 9 28 ,28 8 2 23 ,4 49 2 32 ,0 32 2 31 ,90 4 3 ,075 2 28 ,8 29 3 3,888 2 8,075 9 0 ,7 06 8 8,2 33 4 8,7 76 2 1 ,5 09 17,949 3 46 ,70 8 4 9,5 53 8 9,9 17 146 ,59 2 4 7,7 28 12,918 6 2,9 53 2 15 ,78 2 1 99 ,68 0 16,102 3 6,177 1 ,7 1 1 ,2 0 2 1,023,321 2 36 ,18 5 2 63 ,23 9 2 59 ,50 2 3 ,44 7 2 56 ,05 5 3 6,6 90 3 0,7 46 9 8,0 47 9 8,9 13 5 5,6 14 23,285 20,014 3 68 ,25 0 51,241 95,945 158 ,42 2 4 9,7 48 12,894 63,562 215,351 1 98 ,93 4 16,417 4 0,7 18 2 ,0 7 8 ,7 6 4 1 ,3 2 3,78 3 2 83 ,3 34 124,77 3 11,707 2 1,133 1 ,3 1 8 ,9 4 5 7 40 ,30 7 194 ,61 4 1 67 ,43 3 182 ,37 4 2 ,31 7 180 ,05 7 2 9,2 69 2 4,1 28 74,430 6 8,059 35,745 18,368 13,946 3 04 ,89 2 44,211 78,841 125 ,11 6 43,728 12,996 6 0,4 47 186 ,74 0 172 ,63 2 14,108 2 6,5 59 1 ,8 3 0 ,1 6 4 1 ,1 1 8,13 3 2 48 ,71 6 2 90 ,86 6 288,31 8 3 ,81 6 2 84 ,50 2 3 9,6 80 3 4,8 24 106 ,03 7 109 ,69 2 62,381 25,518 2 1,7 94 3 89 ,00 3 5 2,4 47 101 ,84 6 1 70 ,08 6 5 1,6 70 12,953 6 4,617 92,993 9,701 18,871 1 ,2 1 3 ,9 4 5 6 72 ,07 0 182 ,92 6 144 ,52 6 168 ,48 7 2 ,055 166,431 2 7,5 38 22,443 6 5,384 6 0,767 30,983 17,303 12,481 289 ,64 9 4 2,2 72 73,504 118,721 42,303 12,849 58,608 169,973 156 ,77 5 13,198 23,645 1 ,9 5 1 ,6 6 3 1 ,2 1 8,49 4 2 63 ,25 8 3 19 ,65 8 3 1 8,3 1 8 4 ,19 5 3 14 ,12 3 4 2 ,8 46 3 7 ,9 10 115,561 1 20 ,94 4 2 50 ,61 6 3 8,124 60,641 103,04 5 3 6,466 1 2,339 5 2,8 69 1 ,0 8 3 ,2 4 5 5 98 ,46 7 1 65 ,02 7 118 ,58 4 1 55 ,63 3 1,765 153,86 8 2 6,102 2 0,9 18 57,351 5 4,8 52 2 7.2 84 16.284 11.284 2 70 ,90 3 4 0,2 82 6 7,0 45 111 ,21 6 3 9,5 80 12,780 5 6,2 62 195,96 2 16,461 4 5,9 88 1 95 ,72 2 16,558 4 9,9 44 1 94 ,55 8 16,772 5 4,6 09 1 ,3 5 6 ,4 4 0 1 ,0 9 1,15 4 1 ,0 5 1,38 9 8 88 ,61 5 12,672 8 75 ,94 3 1 62 ,77 3 3 9,7 66 1,865 37,901 2 59 ,6 09 5 ,67 6 1 ,4 5 3 ,2 2 9 1 ,1 60,56 8 1 ,1 17,78 8 943,771 12,685 9 31 ,08 5 1 74 ,01 7 4 2 ,7 80 2 ,073 4 0,7 08 2 86 ,9 14 5 ,747 2 ,1 3 2 ,6 0 8 2 ,3 1 8 ,6 4 0 2 ,5 0 7 ,6 2 9 2 ,6 9 6 ,0 2 5 1 ,6 23,41 4 1 ,3 60,02 6 1 3,5 15 1,346,511 2 63 ,3 88 5 9,655 3,4 95 5 6 ,1 60 4 4 2,7 2 5 6 ,81 4 1 ,7 64,38 5 1 ,483,145 14,019 1 ,4 69,12 6 2 8 1,2 4 0 6 2,1 08 3 ,862 5 8,2 46 4 84 ,86 3 7 ,28 4 1 ,9 0 5,79 3 1 ,6 0 9,34 8 2 ,0 4 3,9 1 3 1 ,7 3 2,61 4 1 ,5 9 4,39 0 2 96 ,4 45 6 3,904 3 ,7 2 3 60,181 5 3 0,2 1 5 7 ,71 7 1 ,7 1 7,08 8 3 11 ,2 99 6 5,9 69 4 ,098 6 1,8 72 5 77 ,9 59 8 ,184 M e t a lw o r k in g m a c h in e r y T r a n s p o r t a t io n e q u ip m e n t 1983 4 ,2 3 8 ,7 1 7 68,200 1 ,2 5 7 ,2 0 9 1 ,019,472 982,52 4 830,51 3 12,582 817,931 152,012 36,948 1,6 38 3 5,3 10 2 32 ,02 9 5 ,708 10,686 1 ,5 3 1 ,3 3 7 1 ,2 14,91 8 1 ,1 69,38 4 985 ,19 4 12,496 9 72 ,69 8 184 ,19 0 45,534 2 ,277 4 3,2 57 3 10 ,54 2 5 ,876 2,886 1 ,6 5 4 ,0 1 9 1,311,789 1 ,262,205 1,062,463 12,753 1,049,709 199 ,74 2 4 9,5 84 2 ,424 4 7,1 60 3 36 ,16 3 6 ,06 7 1 ,8 0 1 ,4 4 0 1 ,4 28,37 4 1 ,3 7 4,84 4 1 ,1 5 5,06 7 13,033 1 ,1 42,03 3 2 19 ,7 78 5 3,5 30 2 ,82 6 5 0,704 366,741 6 ,32 6 1 ,9 5 2 ,7 9 2 1 ,5 46,04 6 1 ,4 88,98 4 1 ,2 48,20 0 13,326 1 ,2 34,87 5 2 40 ,78 4 5 7,0 62 3 ,18 0 53,882 400,201 6 ,54 4 5 ,8 6 5 ,8 1 2 104 ,39 7 6 ,2 8 9 ,9 0 9 68,010 2 40 ,76 5 7 7,3 69 41,031 2 1,3 55 5 4 3,4 8 7 5 6,5 78 2 3 ,9 57 2 0,1 58 3 ,79 9 104 ,73 2 114 ,52 0 6 8 ,4 18 2 8,489 2 4,038 4 05 ,5 09 5 3,5 66 107 ,88 8 1 77 ,02 3 5 4 ,0 13 1 3,0 19 6 5,4 36 6 ,7 2 9 ,6 8 6 3 47 ,9 63 4 ,58 9 3 4 3,3 7 4 4 6 ,2 77 4 1 ,4 35 1 25 ,08 4 1 31 ,68 6 75,301 3 1 ,4 89 2 4,8 96 422,831 54,901 113,751 184,121 5 7 ,0 09 1 3,0 48 66,211 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 34 T a b le 2 . 3 . H is t o r ic a l- C o s t N e t S to c k o t P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o t t w a r e , a n d S tr u c tu re s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ; y earend es tim a tes ] L in e P r iv a te f ix e d a s s e t s 1990 7 ,1 5 2,1 4 1 1 1991 1992 1993 1994 1995 1997 1996 7 ,5 0 2 ,1 5 9 7 ,8 7 1 ,0 3 5 8 ,3 0 5 ,2 6 5 8 ,7 9 4 ,0 4 7 9 ,3 2 4 ,4 3 0 9 ,9 2 1 ,3 3 1 1 0 ,5 7 2 ,6 9 6 2 2 ,0 6 7 ,8 0 9 2 ,1 6 7 ,0 9 8 2 ,2 7 3 ,0 5 0 2 ,4 0 8 ,2 8 2 2 ,5 7 4,4 0 1 2 ,7 6 7 ,3 2 6 2 ,9 7 5 ,7 1 8 3 ,2 0 5 ,0 1 5 C o m p u t e r s a n d p e r ip h e r a l e q u i p m e n t 3 4 5 S o ftw a re 1 6 2 ,2 2 5 ,7 7 2 7 02 ,87 2 103 ,31 8 114 ,54 3 3 00 ,3 17 1 15 ,54 3 5 1,637 17,512 6 75 ,2 36 64,391 3 0,1 92 2 5,4 82 4 ,71 0 1 29 ,81 8 1 50 ,39 3 2 ,5 2 2 ,4 0 5 7 99 ,5 77 1 12 ,96 0 141,371 3 29 ,50 4 1 36 ,87 3 6 0,0 48 18,821 7 5 2,8 8 9 68,574 3 3,0 63 2 7,8 42 5,221 147 ,88 6 1 69 ,31 7 2 ,7 1 2 ,5 9 9 862,401 126,897 1 55 ,81 9 3 49 ,68 4 1 47 ,59 0 6 2,8 27 19,584 8 05 ,87 6 71,783 3 4,0 40 2 8,3 95 5,6 44 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 2 ,1 2 1 ,7 4 5 6 62 ,4 59 100 ,53 5 103 ,52 2 2 87 ,02 3 104 ,97 4 4 9,0 79 17,326 6 46 ,37 4 6 2,4 66 28,785 2 4,2 14 4,571 123 ,64 5 143 ,33 7 2 ,3 5 8 ,8 0 2 748 ,94 6 107,668 128,183 312,53 2 126 ,64 3 55,721 18,200 710 ,28 3 13 14 15 16 17 2 ,0 2 4 ,3 7 5 6 29 ,1 70 1 02 ,79 4 9 1,2 06 2 74 ,41 8 9 5,3 52 4 6,6 03 18,798 6 17 ,41 7 6 0,4 95 2 6,8 58 22,564 4 ,295 118 ,58 9 135 ,92 5 1 60 ,89 8 1 83 ,13 4 2 ,9 1 8 ,1 7 4 9 32 ,25 8 1 41 ,89 9 1 73 ,69 6 3 72 ,9 34 1 58 ,65 3 6 4 ,8 02 2 0 ,2 73 8 61 ,0 84 7 6 ,1 06 3 5 ,6 56 29,561 6 ,09 6 1 73 ,42 2 1 97 ,14 8 3 ,1 4 4 ,6 7 0 1 ,0 1 7,84 7 160,241 2 01 ,20 4 4 01 ,30 5 168 ,27 7 6 5,9 44 20,875 9 15 ,33 9 7 8,8 66 3 6,9 67 3 0,3 09 6 ,658 186 ,09 0 2 10 ,80 6 G e n e r a l in d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 136 ,51 0 1 41 ,70 3 146,781 154,231 163 ,18 2 174,281 1 8 5,6 9 6 197,001 E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 19 23 24 25 26 27 28 29 ' 30 31 32 33 34 35 36 37 38 39 40 139,041 3 63 ,55 3 132 ,53 0 9 1,120 7 8,202 25,520 3 6,1 80 4 14 ,2 35 109 ,92 3 6 ,885 1 03 ,03 9 4 0,2 26 31,035 9 ,192 46,784 54,372 13,674 50,330 30,059 2,5 87 27,473 68,865 146,43 8 3 85 ,2 27 132,611 1 04 ,61 4 8 5,3 98 25,466 3 7,1 38 4 27 ,6 85 114 ,91 7 6 ,845 1 08 ,07 2 4 1,4 24 32,387 9 ,03 7 48,201 5 3,7 54 12,833 51,661 32,434 2 ,51 8 29,916 72,461 1 53 ,66 2 409,001 140 ,24 4 1 13 ,09 0 9 2 ,8 68 2 5,0 07 3 7,7 92 4 38 ,66 3 1 21 ,19 4 1 61 ,64 8 4 40 ,39 4 156 ,19 2 1 21 ,00 4 9 8,883 2 5,499 38,817 4 59 ,1 79 1 27 ,63 6 6 ,965 120,671 4 2,8 09 3 4,3 44 8 ,466 5 0,0 50 5 5,2 07 12,204 51,913 37,691 2 ,47 2 35,219 1 70 ,86 8 4 84 ,3 22 1 80 ,86 9 136,13 5 100,79 7 2 5,6 36 4 0,8 85 4 85 ,61 7 1 34 ,75 8 7 ,155 127 ,60 3 4 5,3 75 36,911 8 ,464 5 2,5 60 58,489 12,403 54,914 3 9,5 92 2,4 99 37,093 8 7,525 181,741 5 28 ,33 7 2 09 ,20 9 144 ,86 4 1 05 ,10 9 2 5,7 05 4 3,4 49 5 15 ,98 5 1 43 ,18 6 7 ,36 2 135 ,82 4 1 93 ,05 6 5 7 5,4 8 3 2 4 0 ,2 8 9 1 54 ,65 8 1 08 ,39 3 2 6 ,2 46 4 5 ,8 97 5 49 ,3 49 1 52 ,04 6 7 ,61 8 1 44 ,42 7 50,581 4 1,426 9 ,15 6 5 8,7 28 6 8,7 58 12,988 6 2 ,4 86 4 3 ,4 42 2 ,59 0 4 0,8 53 100,321 2 05 ,60 9 6 20 ,97 0 2 72 ,7 26 158,34 3 114,00 8 2 7,1 20 4 8,7 73 5 90 ,51 5 164 ,18 5 7 ,84 8 1 56 ,33 6 5 5,7 24 4 5,3 92 10,332 62,227 74,491 14,712 65,623 46,545 2 ,61 7 43,928 1 07 ,0 07 41 4 3 ,4 3 4 4 5 ,3 53 4 7 ,2 7 8 4 9 ,4 80 5 1 ,9 96 5 4 ,7 26 5 7 ,5 44 6 0 ,3 44 42 5 ,0 8 4,3 3 1 5 ,3 3 5,0 6 1 5 ,5 9 7 ,9 8 5 5 ,8 9 6 ,9 8 3 6 ,2 1 9 ,6 4 5 6 ,5 5 7 ,1 0 4 6 ,9 4 5 ,6 1 3 7 ,3 6 7 ,6 8 1 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 2 ,2 1 6 ,9 7 6 1 ,433,142 307,431 3 73 ,78 5 3 77 ,56 4 4 ,98 0 3 72 ,5 84 49,452 45,411 135 ,59 7 143 ,90 2 83,793 34,113 25,996 4 42 ,78 3 56,122 119,567 193,58 4 60,365 13,145 67,396 2 13 ,31 9 196 ,19 7 17,122 6 0,3 37 2 ,3 2 7 ,4 6 9 1 ,5 15,19 0 3 28 ,49 9 3 92 ,00 0 3 95 ,79 0 5 ,23 4 3 90 ,55 6 52,263 49,445 145 ,13 5 152 ,05 8 88,776 36,382 2 6,899 4 62 ,1 16 57,126 1 24 ,36 4 2 02 ,69 2 64,359 13,575 68,505 2 15 ,75 9 198 ,13 7 17,622 6 5,8 99 2 ,4 1 9 ,7 4 1 1 ,5 83,33 2 3 46 ,42 5 4 05 ,2 70 4 11 ,9 08 5 ,38 8 4 06 ,51 9 54,640 53,601 155 ,08 9 156 ,39 9 9 0,7 73 3 8,2 74 2 7,3 53 4 80 ,74 0 58,604 1 29 ,05 0 2 09 ,41 4 69,580 14,092 6 9,0 23 2 13 ,83 5 195,77 9 18,056 7 2,812 2 ,5 2 1 ,4 8 2 1 ,6 5 5,54 9 3 61 ,3 24 419,001 4 31 ,35 8 5 ,55 5 4 25 ,8 03 5 7,3 60 57,659 165 ,96 6 1 62 ,88 0 9 3,7 84 4 0,8 57 2 8,2 39 5 0 1,0 1 5 6 0,2 43 134 ,22 5 218 ,36 6 7 3,448 14,732 7 0,578 215,45 4 196,862 18,591 78,887 2 ,6 2 2 ,3 1 3 1 ,7 33,03 2 3 78 ,21 6 4 32 ,68 6 4 53 ,50 5 5 ,753 4 47 ,75 2 60,012 62,114 176 ,39 0 170 ,10 9 96,812 4 4,1 76 29,121 5 16 ,56 2 62,085 139,52 7 2 23 ,29 9 76,282 15,369 7 2,0 79 2 16 ,73 3 197 ,12 0 19,613 83,907 2 ,7 4 4 ,8 2 8 1 ,8 26,58 8 2 ,8 8 9 ,5 6 2 1 ,9 35,34 9 4 17 ,41 9 4 71 ,73 2 5 15 ,2 43 6,3 02 5 08 ,94 2 6 6,239 7 3,440 195,011 196 ,26 6 1 13 ,17 0 5 3,4 05 29,691 5 64 ,12 0 6 6,8 30 1 52 ,74 5 2 41 ,75 0 86,247 16,549 75,196 2 22 ,34 9 2 01 ,48 9 20,860 9 2,549 3 ,0 5 8 ,8 9 9 2 ,0 6 1,81 6 4 36 ,7 88 4 99 ,3 73 5 50 ,99 4 6 ,65 8 5 44 ,3 36 70,564 81,792 2 0 6,3 0 0 2 1 6,0 0 5 125 ,73 0 5 9,4 56 3 0,8 20 588,741 70,139 159,911 2 50 ,97 5 90,607 17,109 7 7,1 54 2 35 ,32 7 2 13 ,76 8 2 1,5 59 95,861 2 ,8 6 7 ,3 5 5 2 ,2 36,99 8 2 ,1 6 9,23 8 1,845,931 17,007 1 ,8 28,92 4 3 23 ,30 7 67,759 4 ,462 6 3,297 621,61 7 8,741 3 ,0 0 7 ,5 9 2 2 ,3 4 5,30 6 2 ,2 7 6,34 2 1 ,9 45,17 7 17,774 1 ,927,403 3 31 ,16 5 6 8,9 64 4 ,80 3 6 4,1 62 6 53 ,4 84 8 ,803 3 ,1 7 8 ,2 4 4 2 ,4 7 1,64 3 2 ,400,401 2 ,0 6 3,36 0 18,705 2 ,0 4 4,6 5 5 337,041 7 1,2 42 5 ,086 6 6 ,1 56 6 97 ,65 7 8,9 44 3 ,3 7 5,5 0 1 2 ,6 1 6,92 7 2 ,5 42,01 5 2 ,2 0 0,81 7 19,704 2 ,1 8 1,11 3 341 ,19 8 7 4,9 12 5,3 94 6 9,5 18 749 ,30 5 9 ,270 3 ,5 9 7 ,3 3 2 2 ,7 8 4,87 2 2 ,7 0 4,17 2 2 ,3 5 9,1 9 0 2 0,8 30 2 ,3 3 8,36 0 344,981 8 0,700 7 ,43 0 7 3 ,2 70 803,081 9 ,380 4 ,0 5 6 ,0 5 0 3 ,1 4 2,53 5 3 ,0 4 5,8 6 6 2,678,091 2 2 ,7 99 2 ,6 5 5,2 9 2 3 6 7,7 7 4 9 6 ,6 69 1 0,8 42 8 5,8 28 9 03 ,51 6 4 ,3 0 8 ,7 8 2 3 ,3 3 9,59 7 3 ,2 3 4,1 5 5 2,851,841 23,953 2 ,8 2 7,8 8 8 3 82 ,31 4 105,442 12,264 9 3,178 9 58 ,63 2 10,554 E q u ip m e n t a n d s o ftw a re N o n r e s id e n tia l e q u ip m e n t a n d s o f tw a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e C o m m u n ic a t io n e q u ip m e n t 7 In s tru m e n ts 8 P h o t o c o p y a n d re la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u i p m e n t 10 11 12 I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u i p m e n t O th e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r f u r n it u r e T ra c to rs F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O t h e r n o n r e s id e n t ia l e q u i p m e n t R e s id e n tia l e q u i p m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c tu r e s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b i le s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a t io n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l ig h t a n d p o w e r G a s .................. P e t r o le u m p ip e lin e s F a r m r e la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls P e t r o le u m a n d n a t u r a l g a s O th e r m in in g O th e r n o n fa rm s t r u c t u r e s 5 R e s id e n tia l s tr u c tu r e s H o u s in g u n its P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n "F o o tn o te s to th e T a b le s ." 20 21 22 66 67 68 69 70 71 72 73 74 75 76 77 78 79 6,868 1 14 ,32 7 4 1 ,3 96 3 2,8 29 8 ,56 7 4 8,5 16 5 3,3 10 1 1,9 59 5 0,8 64 3 5,1 08 2 ,48 0 3 2,6 27 7 6,3 15 66,121 3 1,4 55 2 6,5 50 4 ,906 137,576 159,251 81■669 4 8,1 90 3 9,5 05 8 ,68 5 5 5,4 90 6 2,9 74 12,640 5 8,562 4 1,315 2 ,540 38,775 9 3,6 28 3 98 ,07 8 4 51 ,15 3 4 8 1,5 0 0 6,002 4 75 ,49 9 63,054 67,107 185 ,49 2 180 ,20 4 102 ,75 5 4 8,583 2 8,866 5 38 ,35 2 64,051 145 ,89 6 2 31 ,87 3 80,609 15,923 7 3,3 34 2 17 ,72 9 197 ,61 4 2 0,1 15 88,825 3 ,8 1 2 ,2 7 7 2 ,9 5 3,65 6 2 ,8 6 5,44 7 2 ,5 1 0,0 7 3 2 1,664 2 ,4 8 8,40 9 3 55 ,3 75 8 8,2 08 9 ,746 7 8 ,4 62 8 48 ,97 0 9,651 10,000 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 35 T a b le 2 . 4 . C u r r e n t- C o s t D e p r e c ia t io n o f P r iv a te F ix e d A s s e ts ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu re s ; b y T y p e [M illio n s o f d o lla rs ] L in e 1925 1926 1927 1928 1929 1 2 7 ,1 6 4 7 ,6 6 5 7 , 841 8 ,1 0 7 3 ,5 8 9 3 ,951 4 ,0 1 9 4 ,1 9 3 3 ,5 5 2 274 3,911 283 3 ,9 7 7 314 4 ,1 4 9 321 C o m p u t e r s a n d p e r ip h e r a l e q u i p m e n t 3 4 5 S o ftw a re 1 6 C o m m u n ic a t io n e q u i p m e n t 7 P riv a te fix e d a ss ets E q u ip m e n t and s o ftw a re N o n r e s id e n t ia l e q u ip m e n t an d s o ftw a re I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e 0 0 82 29 0 0 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 13 14 15 16 17 156 815 82 58 33 25 108 330 90 18 9 166 853 87 58 32 25 114 341 G e n e r a l in d u s t r ia l, i n c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 183 E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 19 In s t r u m e n t s 8 P h o t o c o p y a n d r e la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u ip m e n t 10 11 12 I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d tu r b in e s S te a m e n g in e s In te r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O th e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O th e r fu r n it u r e T r a c to r s F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tru ctu re s N o n r e s id e n t ia l s tru c tu res N o n r e s id e n tia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c ia l ■ ’ R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s t it u t io n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic lig h t a n d p o w e r G as P e tr o le u m p ip e lin e s F a r m re la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls P e tr o le u m a n d n a t u r a l g a s O th e r m in in g O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n t ia l s tru c tu res H o u s in g u n it s P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S e e t h e s e c t io n “ F o o t n o te s t o th e T a b le s ." 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 8 54 1 ,702 380 800 ....... 1 108 414 760 168 21 147 76 68 7 172 41 96 0 0 95 33 10 176 893 82 59 33 25 215 221 62 11 1,868 383 934 2 112 437 902 203 26 177 105 90 15 185 54 ....... 21...... 6 16 67 129 ....... 2 1 ...... .... 4..... ...... 1 7 ...... 104 100 69 1,933 3 74 1 ,027 4 108 4 20 966 220 27 193 120 99 22 188 59 100 138 22 ...... 3 ... ....... 1 8 ... 1 19 1934 4 ,3 2 7 4 ,2 8 2 3 ,9 6 7 3 ,6 2 7 3 ,2 0 8 4 ,2 3 5 331 3 ,9 2 3 312 3 ,5 8 9 268 3 ,1 7 0 2 62 0 0 0 0 110 11 58 1,942 388 1,026 ...... 1..... 109 418 832 186 23 163 89 79 1933 4,2 81 3 37 32 195 121 1932 7 ,6 7 0 10 354 1931 8 ,2 6 6 29 179 9 30 91 58 33 25 127 3 64 179 48 98 124 ....... 21....... 5 ..... .......1 7 ...... 87 120 0 0 102 1930 8 ,40 8 182 962 89 60 34 26 105 34 11 365 181 927 92 57 31 25 130 342 238 74 1,963 389 1 ,058 7 103 4 06 1 ,019 232 29 2 03 134 107 27 193 63 104 143 25 136 0 0 6 ,7 5 9 0 0 98 38 83 34 11 10 166 867 83 49 27 6 ,33 3 1935 3 ,2 7 5 3 ,2 2 9 3 ,281 3 ,6 5 0 3 ,2 3 5 2 15 3 ,1 8 9 231 3 ,2 3 8 2 43 3 ,6 0 3 0 0 0 0 87 28 113 801 70 44 27 17 114 2 86 139 3 22 219 2 53 67 1,4 12 326 74 1 ,53 6 365 757 9 82 3 23 8 87 2 03 23 180 131 105 27 160 48 87 114 26 13 13 1 17 127 312 295 236 228 199 193 2 05 212 70 1,934 3 93 1 ,039 9 98 3 96 1 ,043 2 39 31 2 08 145 113 32 2 04 67 1 ,769 3 79 922 67 1 ,643 3 48 8 46 59 1 ,357 295 648 66 62 96 105 131 .......2 7...... 8 ....... 5 8 92 368 975 215 30 186 137 103 35 201 121 ....... 2 6 ..... .......9 ...... .......17...... 115 20 83 3 45 8 89 196 26 170 127 91 36 185 51 81 115 24 ...... 9 .... 14 110 66 1,408 2 93 7 18 8 79 325 829 178 24 155 122 86 35 186 46 76 96 22 71 1 ,379 301 665 8 84 3 05 8 12 196 23 173 104 76 29 166 45 72 103 22 10 12 0 0 110 799 75 44 28 17 109 288 22 2 58 87 34 42 26 17 93 2 70 90 801 80 45 28 17 0 0 7 ,4 9 2 85 27 9 10 141 7 89 80 46 26 19 115 282 66 1937 6,723 0 0 78 28 9 146 722 1936 6 ,5 7 5 6 ,5 9 0 8 81 3 24 781 191 22 169 103 78 25 147 42 70 106 21 10 110 .......9 ..... 13 104 104 100 38 38 40 40 93 31 10 688 7 78 3 13 781 180 21 159 112 87 24 149 41 74 101 24 ....... 11..... .......13..... 10 123 9 22 84 50 29 21 126 .......1 9 ..... 125 41 37 39 42 44 46 47 44 42 3 ,5 7 4 3 ,7 1 5 3 ,82 3 43 3 ,9 1 4 47 4 ,0 8 2 3 ,9 8 4 3 ,70 3 3 ,1 3 2 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 3 ,1 2 5 3 ,3 1 5 2 ,3 5 5 935 3 47 156 136 3 ,3 4 6 2 ,4 2 7 9 90 356 183 143 3 ,4 4 2 2 ,4 9 5 3 ,8 4 2 2 ,5 3 6 1,047 3 72 190 159 2 ,5 9 9 1 ,079 384 198 165 2 ,5 0 6 1,035 355 2 ,3 5 3 943 3 09 198 141 2 ,0 3 9 8 1 0 ...... 2 74 159 2 ,051 798 2 73 162 113 2 ,1 2 4 2 ,1 6 8 885 3 19 173 123 2 ,2 0 4 9 27 332 180 129 2 ,4 6 0 1,0 36 3 74 187 150 66 67 68 69 70 71 72 73 74 75 76 77 78 79 0 136 32 12 14 238 34 52 153 951 655 56 151 .......4 7 ...... ..... 4 2....... 178 212 186 14 91 ...... 1 9 7 ....... 15 0 0 0 162 21 363 187 152 0 143 34 14 15 2 44 40 57 148 9 47 642 58 .... 157 49 40 177 201 1 ,2 1 9 1,037 1 ,037 9 50 127 8 22 87 1,021 101 1 ,2 8 7 1 ,095 1 ,095 996 128 8 67 99 0 0 0 169 23 0 152 37 15 17 2 50 45 62 143 974 660 61 162 52 40 175 226 210 15 99 0 159 39 17 18 253 49 67 137 987 661 64 168 5 5.... 39 173 .......2 34 ..... ....... 2 19 ..... 16 95 1 ,3 2 8 1 ,37 8 1 ,1 3 0 ....... 1,171 1,1 30 1,171 1,019 1,048 126 ...... 1 26..... 893 922 111 123 0 0 0 172 26 20 0 0 0 179 27 200 159 0 0 165 41 19 19 2 52 51 70 131 1 ,0 1 1 676 68 173 56 39 171 245 229 16 94 159 39 20 20 242 50 67 124 975 640 68 1 7 1 ..... 57 39 157 246 ...... 231....... 16 93 1 ,4 8 3 1 ,259 1 ,259 1 ,4 7 8 1,12 1 1,112 132 9 89 139 0 0 0 193 30 1 252 1,252 128 983 140 0 0 0 195 31 0 141 36 19 18 222 45 61 117 903 576 67 166 38 133 289 275 14 86 1 ,3 5 0 1 ,143 1,014 116 898 128 0 0 0 179 28 120 0 120 30 17 16 194 37 52 1 05 8 16 523 60 149 Ol 34 113 2 29 2 17 r-i 11 71 1 ,0 9 2 QOÓ 9 23 819 93 7 26 103 0 0 0 147 23 0 113 29 16 16 188 36 50 103 808 5 18 59 1 47....... 51 ....... 3 4 ....... 102 272 261 11 71 1,°74 9 07 907 806 91 714 888 3 16 182 120 0 120 123 32 18 17 2 04 39 54 111 112 8 38 524 62 160 56 37 124 196 184 8 38 520 63 162 57 37 124 242 2 30 12 12 80 1 ,191 1.0 04 1.004 892 101 791 112 0 0 0 145 162 24 100 0 32 18 17 2 03 39 54 101 0 0 0 22 .......' l l ...... 79 1 ,1 7 7 9 89 9 89 880 99 781 109 0 0 0 164 24 0 129 34 19 18 2 15 41 57 1 17 8 60 5 30 64 167 0 1 50 40 23 21 2 42 48 66 1 28 9 32 577 66 199 13 83 181 65 42 125 2 83 267 16 84 1 ,2 3 8 1 .03 5 1.0 35 921 103 8 18 114 1 ,3 8 2 1.151 1.151 1,025 114 911 126 60 38 122 212 0 0 0 178 25 0 0 0 2 03 28 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 36 T a b le 2 . 4 . C u r r e n t- C o s t D e p r e c ia tio n o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla r s ] L in e 1938 1940 1939 1941 1942 1943 1944 1945 1946 1948 1947 1949 1950 2 1 ,6 7 8 1 7,821 7 ,7 1 7 8 ,0 5 8 9 ,0 2 2 1 0 ,1 2 6 1 0 ,1 2 2 1 0 ,4 0 4 1 0 ,7 2 8 1 2 ,6 5 0 1 5 ,5 20 1 8 ,3 50 2 0 ,0 45 2 3 ,9 3 6 3 ,8 3 9 4 ,041 4 ,6 0 6 5 ,2 4 4 4 ,891 4 ,9 3 6 4 ,9 7 2 6 ,1 7 3 7 ,5 2 0 9 ,2 2 7 1 0 ,6 23 1 1,8 51 3 4 5 3 ,8 8 6 2 87 3 ,7 8 8 2 86 3 ,9 8 9 306 4 ,5 4 6 3 50 5 ,1 7 3 475 4 ,8 2 0 354 4 ,8 6 7 3 54 4 ,8 9 7 395 6 ,0 8 7 5 12 7 ,4 1 2 7 66 9 ,0 9 5 9 56 10,481 1 1 ,6 9 3 0 0 0 0 0 0 0 6 0 0 0 0 0 0 0 0 0 0 0 0 0 C o m m u n ic a tio n e q u ip m e n t 7 99 38 99 37 110 9 11 12 2 14 71 24 204 1 ,6 8 8 4 35 4 29 1,9 58 195 105 42 62 401 517 2 49 129 48 81 4 73 6 33 2 82 13 14 15 16 17 43 13 140 1,023 76 56 29 28 187 345 169 49 15 162 1,391 115 71 33 38 3 69 368 381 169 60 138 955 83 51 28 23 153 327 149 44 13 148 1 ,29 0 98 62 31 30 348 358 3 43 142 51 139 9 59 92 53 28 24 151 3 27 141 45 13 155 1,240 91 58 30 28 3 18 360 2 99 105 36 10 140 48 14 2 73 1 ,239 114 58 32 26 286 370 4 24 198 P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t 128 47 14 161 1,136 82 57 30 27 2 40 3 65 18 2 63 2 62 275 301 3 08 3 09 3 17 3 49 411 5 26 119 1,7 94 5 28 7 36 25 157 2 ,28 8 7 04 9 52 120 213 2 ,586 9 19 954 56 188 4 69 2 ,103 374 44 331 258 215 43 329 217 213 371 113 E q u ip m e n t a n d s o ft w a r e N o n r e s id e n tia l e q u ip m e n t a n d s o ftw a r e In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re C o m p u te rs a n d p e rip h e ra l e q u ip m e n t 8 11 F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu r b in e s S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o r k in g m a c h in e ry G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a n d in d u s tria l a p p a ra tu s 12 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 10 11 84 3 32 9 24 204 23 181 145 116 29 172 52 93 115 30 14 15 113 83 3 29 9 20 197 23 175 146 118 28 174 53 89 110 83 1,702 429 846 14 83 330 9 59 199 23 176 153 125 28 177 57 95 125 34 18 16 118 41 50 51 52 42 3 ,8 8 5 3 ,8 7 8 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 2 ,4 4 8 1,047 3 69 2 ,4 1 3 1 ,019 351 193 151 19 20 T ru c k s , b u s e s , a n d tr u c k t r a ile r s A u to s S h ip s a n d b o a ts F u rn itu re a n d fix tu re s C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s M in in g a n d o ilfie ld m a c h in e ry E le c tric a l e q u ip m e n t, n .e .c . H o u s e h o ld a p p lia n c e s O th e r n o n re s id e n tia l e q u ip m e n t N o n re s id e n tia l b u ild in g s , e x c lu d in g fa rm In d u s tr ia l b u ild in g s C o m m e rc ia l b u ild in g s R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa r m b u ild in g s 4 U tilitie s T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n tia l s tr u c tu r e s H o u s in g u n its T - to - 4 - u n Ît M a n u fa c tu re d h o m e s Im p r o v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n ’ F o o tn o te s t o th e T a ble s." 21 22 78 1 ,628 4 03 802 74 1,716 4 14 8 76 120 31 15 16 20 2 151 92 1,991 4 83 1,0 50 17 96 3 46 1 ,068 2 19 26 192 174 142 32 188 65 113 135 41 107 2 ,00 4 432 1 ,04 4 18 104 2,054 4 42 1,079 25 113 395 1,172 236 29 207 182 150 32 1 03 2 ,286 5 24 1,261 18 105 378 1,174 2 37 30 207 191 157 34 2 08 73 127 147 45 24 121 86 3 84 1 ,318 2 39 28 165 38 238 95 151 181 54 30 24 158 1 57 4 38 1 ,59 9 2 74 33 241 232 190 42 269 145 181 2 42 71 39 32 185 6 24 703 737 251 3 ,08 5 1,163 1,133 2 78 315 1,3 46 1,4 55 1 ,434 578 3 ,1 3 6 646 3 ,51 0 5 13 65 448 475 4 20 55 202 5 23 2 ,695 4 53 53 401 3 29 278 51 133 146 150 60 70 71 69 74 86 1 08 132 1 42 158 4 ,0 1 7 4 ,4 1 6 4 ,8 8 3 5,231 5 ,4 6 8 5 ,75 7 6 ,4 7 7 8 ,0 0 0 9 ,1 2 4 9 ,4 2 2 9 ,8 2 7 2 ,471 1,0 49 376 188 154 2 ,7 0 0 1 ,17 9 422 2 39 164 3 ,0 2 5 1,320 493 260 181 3,221 1 ,355 526 228 192 3 ,2 8 7 1,3 58 496 250 198 3 ,4 3 4 1 ,394 5 19 2 55 198 3 ,9 0 9 1 ,658 649 2 68 234 4 ,7 7 6 5 ,4 5 3 2 ,415 5 ,5 2 4 2 ,4 0 0 5 ,6 3 4 2 ,1 2 0 802 344 3 19 383 362 388 3 62 335 234 65 319 360 88 100 0 0 0 0 154 41 25 164 45 27 24 2 58 53 75 130 1,015 6 16 75 2 04 72 48 119 3 00 281 19 181 50 30 27 279 59 82 138 198 55 34 30 296 64 89 143 1,166 7 15 89 226 81 55 193 476 4 49 28 94 198 56 35 31 3 00 65 90 144 1 ,23 0 767 94 2 29 84 56 2 ,3 2 3 1 ,9 1 0 ... 1,9 10 1,7 03 177 1 ,526 2 07 67 86 123 915 5 58 65 184 65 42 115 281 2 65 16 82 88 92 68 1 ,4 3 7 1 ,4 6 5 1 ,5 4 6 1 ,7 1 7 1 ,8 5 8 2 ,0 0 9 ..... 7 0 ..... 71 72 73 74 75 76 77 78 79 1,190 1,060 117 9 43 130 1 ,2 1 2 1 ,276 1 ,137 1,015 139 1 ,415 1,262 133 1,1 29 152 1,525 1 ,362 142 1,219 164 1,647 1 ,468 153 1,315 179 2,1 81 1,789 1 ,789 1 ,590 166 1,424 199 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 218 29 225 29 241 30 269 33 2 98 35 326 37 3 53 39 21 21 22 241 48 67 126 9 15 558 64 184 239 48 243 50 70 124 952 583 69 190 66 44 105 281 264 17 84 122 1 ,1 2 2 689 84 220 77 52 146 344 322 22 47 227 304 242 515 143 80 62 272 66 57 425 4 06 350 56 5 34 3 62 155 95 3 05 345 0 0 1 ,079 1 17 9 62 132 555 21 151 40 24 42 124 2 78 262 16 511 21 75 128 147 44 24 202 0 66 59 20 21 211 21 0 151 40 23 68 52 390 1,2 19 234 29 205 181 150 31 217 81 134 156 64 25 39 152 192 53 32 29 294 63 87 143 1 ,172 721 89 227 80 54 172 427 402 25 95 66 133 124 38 20 2 5 09 481 29 99 37 364 76 105 183 1,398 867 107 236 112 76 237 5 08 4 73 34 109 2 ,5 6 7 2,096 2 ,094 1 ,8 6 6 1 93 1,673 228 0 2 0 0 0 0 0 2 371 41 426 45 57 51 459 102 140 217 1,669 58 531 113 156 101 521 506 110 110 155 i5 r 1,900 1 ,0 2 1 139 284 .....137 87 298 564 521 43 125 157 323 170 105 343 655 606 3 ,2 2 3 2 ,599 2 ,592 2,311 233 2 ,078 280 7 3,6 71 2 ,91 9 2 ,904 2 ,594 253 7 5 70 54 15 6 93 59 139 3 09 16 3 59 654 48 137 3 ,8 9 8 3 ,0 6 1 .. 3 ,0 3 9 2 ,71 9 321 22 21 7 77 59 125 4 ,1 9 3 3,271 3,2 44 2,907 3 37 27 26 861 61 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 37 T a b le 2 . 4 . C u rr e n t- C o s t D e p r e c ia t io n o t P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ] L in e P riv a te fix e d a s s e t s E q u ip m e n t a n d s o f tw a r e 1 1951 1952 24,973 1953 26,591 1954 28,050 1955 29,283 1956 30,963 1957 34,412 1958 37,336 1959 38,758 I9 6 0 1961 1962 1963 40,232 41,775 42 ,80 4 44,325 45,969 2 13,801 14,693 15,628 16,527 17,499 19,609 21,556 22,519 23,399 24,360 24,861 2 5 ,70 4 26,755 3 13,614 14,491 15,412 16,301 17,264 19,367 21,298 22,248 23,108 24,050 24,539 25,371 26,407 4 5 1,398 1,512 1,656 1,796 1,950 2 ,179 2,521 2 ,77 4 3 ,034 3 ,24 8 C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t 0 0 0 0 0 0 0 0 1 10 S o ftw a re 1 6 0 0 0 0 0 0 0 0 C o m m u n ic a t io n e q u ip m e n t 7 In s tru m e n ts 8 5 19 280 85 628 3 ,565 399 169 83 631 340 881 482 157 715 4 ,16 7 487 185 109 76 882 1,093 6 82 3 73 124 771 4,5 65 534 719 990 566 316 97 677 3 ,866 447 172 97 75 797 1,041 314 197 117 1,339 1 ,467 9 67 530 169 1 ,10 8 6 ,343 731 3 58 2 24 134 1 ,378 1 ,53 0 3 1,038 6 53 179 1 ,160 6,744 767 381 245 136 1,415 1,581 3 ,4 4 9 30 57 1 ,275 6 85 7 ,04 7 8 07 3 89 254 134 1 ,487 1 ,656 1 ,183 7 ,15 5 7 96 384 253 1 30 1,521 1,6 99 3 ,67 0 47 91 1 ,440 697 248 1 ,148 7,351 7 99 3 66 241 125 1 ,58 2 1,761 3 ,94 7 85 149 1,616 706 2 94 1,0 97 7 ,55 6 8 09 365 242 123 1 ,615 1 ,840 N o n r e s id e n tia l e q u i p m e n t a n d s o f tw a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e 22 F a b r ic a te d m e ta l p r o d u c t s 12 E n g in e s a n d t u r b in e s S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 13 14 15 16 17 481 251 77 588 3 ,35 7 358 163 71 92 652 947 1,1 77 7 59 4 25 136 860 5 ,305 6 20 261 157 104 1,182 1 ,317 G e n e r a l in d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 849 860 916 966 1,045 1 ,198 1 ,350 1 ,427 1,617 1 ,678 1 ,716 1 ,753 1,824 E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 19 388 4 ,74 7 1 ,675 2,061 87 218 706 4,111 618 76 542 550 481 69 713 462 337 819 215 428 5,0 59 1,831 2,159 93 235 740 4 ,356 656 78 578 627 533 94 778 496 352 829 215 554 5 ,510 1,799 2 ,535 117 274 785 4 ,828 726 87 639 6 97 5 68 129 842 544 404 941 223 113 726 6,3 03 2,1 35 2,8 58 150 3 03 857 5,5 80 9 19 103 816 762 580 183 902 6 37 4 80 1 ,127 242 114 128 510 845 6 ,72 6 2,2 93 2,9 82 187 332 932 6,0 50 1 ,03 0 7 ,09 8 2 ,33 0 3 ,09 2 321 3 83 9 72 6 ,65 7 1 ,108 1 ,03 9 7 ,21 3 2 ,37 8 3 ,11 4 3 62 3 84 9 75 6,721 1 ,132 125 1 ,008 8 94 1 ,089 7 ,49 5 2 ,48 6 3 ,2 4 7 4 10 3 88 964 6 ,85 6 1 ,162 125 1 ,037 901 680 929 703 538 1 ,250 258 119 139 555 9 20 6 ,83 9 2 ,37 2 2 ,92 8 214 354 971 6 ,29 2 1 ,040 116 923 836 613 223 983 751 548 1 ,295 262 119 144 576 984 6 ,879 2 ,319 2 ,975 265 362 958 6 ,450 1 ,068 1,103 7 ,834 2 ,653 3 ,38 0 445 3 93 963 7 ,06 9 1,197 127 1 ,070 9 29 701 2 28 1 ,157 896 506 1,251 2 68 80 188 451 597 5 ,71 4 1 ,895 2 ,615 127 2 80 797 5 ,035 787 92 695 7 14 5 67 146 867 571 429 965 229 115 114 4 74 P h o t o c o p y a n d r e la te d e q u i p m e n t 9 O ffic e a n d a c c o u n t in g e q u i p m e n t 10 I n d u s t r ia l e q u ip m e n t S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y 11 86 111 212 125 87 1 ,0 0 0 1 ,0 0 0 6 ,0 0 2 688 111 110 104 3 97 105 402 493 5 ,244 1 ,818 2,281 106 259 780 4,6 47 700 84 616 678 563 115 820 529 383 891 223 116 107 422 41 187 202 215 226 235 242 258 42 11,172 11,898 12,423 12,756 13,464 14,802 43 6,454 6,850 7,1 2 8 7,223 7 ,55 4 8,450 3 ,49 9 1 ,346 4 90 592 8 10 12 202 112 122 6 46 146 67 4 98 157 113 98 5 88 131 182 2 75 2,751 1 ,413 2 59 6 18 3 12 150 451 1 ,12 6 1 ,06 4 61 136 582 182 131 90 597 129 182 287 2 ,564 1,369 228 539 285 144 441 989 929 60 145 2 ,98 0 1,144 4 43 4 68 7 461 145 104 92 584 127 178 2 79 2 ,63 6 1 ,373 241 5 79 2 97 147 4 37 1,031 971 60 140 3 ,09 0 1 ,194 4 33 506 66 464 449 5 444 135 94 85 596 127 183 286 2,4 28 1,335 215 486 259 133 429 921 862 58 147 2 ,988 1 ,144 455 460 O th e r m in in g 2 ,740 1 ,039 405 431 4 4 27 126 87 76 5 76 124 179 273 2 ,313 1,285 203 4 60 2 38 127 4 09 850 789 61 142 2 ,925 P e t r o le u m a n d n a tu r a l g a s 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 68 4,718 5,047 5,295 5,533 5,9 1 0 69 70 71 72 73 74 75 76 77 78 79 3 ,654 3 ,622 3 ,255 283 2,971 3 67 33 3 ,883 3 ,844 3 ,465 291 3 ,175 3 79 39 4 ,03 9 3 ,992 3 ,610 291 3 ,319 382 47 4,191 4 ,13 8 3,7 52 291 3,461 385 53 4 ,45 2 4 ,38 9 3 ,993 2 96 3 ,69 7 3 96 62 T r a n s p o r t a t io n e q u ip m e n t 20 T r u c k s , b u s e s , a n d t r u c k t r a ile r s 21 A u to s 22 A ir c r a f t 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 S h ip s a n d b o a t s R a il r o a d e q u i p m e n t O t h e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r fu r n it u r e T r a c to r s F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u i p m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c tu r e s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g fa r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c i a l 3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r H o te ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l ig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a r m r e la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f ts , a n d w e lls O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n tia l s tr u c t u r e s H o u s in g u n it s P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n "F o o tn o te s to th e T a b le s ." 1 ,1 0 2 6 454 142 100 110 1 1 2 2 2 31 999 65 38 1 ,097 67 45 1,188 51 1,2 73 69 60 1 ,387 72 68 1 ,0 1 0 112 898 807 595 212 1 ,135 6 73 197 1 ,2 1 2 120 122 948 656 2 32 1 ,038 7 97 540 1,307 985 899 6 67 231 1,0 77 8 38 5 47 1,305 888 220 66 8 200 212 2 26 1 ,098 8 52 527 1 ,260 227 55 • 145 612 63 150 6 72 159 7 30 856 5 12 1,271 242 73 170 791 271 292 310 323 334 348 15,779 16,239 16,833 17 ,41 5 17,943 18,621 19,214 9,147 9,369 9,661 9,8 7 7 10,091 10,438 10,743 3,821 1 ,464 555 655 3 ,88 7 1,480 605 697 15 682 194 135 680 156 3 ,86 5 1,4 68 573 669 13 656 2 08 147 127 673 158 658 164 4 ,00 6 1 ,508 611 739 17 7 22 2 06 141 1 27 6 75 175 4 ,19 0 1 ,542 6 65 7 82 18 7 65 2 18 1 48 1 36 700 189 20 0 211 210 200 211 222 300 2 ,998 1,489 2 90 6 97 3 59 163 496 1,3 06 1 ,23 9 67 1 50 314 3,211 1,555 310 767 404 175 523 1,432 1,361 71 159 305 3 ,2 9 9 1 ,566 3 25 8 15 421 172 589 1 ,45 2 1 ,38 2 70 162 294 3 ,40 3 1,575 347 859 447 175 593 1 ,560 1 ,488 71 2 18 2 88 3 ,46 3 1 ,572 3 72 881 4 64 174 6 06 1 ,589 1 ,516 73 214 2 88 3 ,476 1,541 3 96 4 80 173 6 18 1 ,590 1 ,514 76 2 16 4 ,42 8 1 ,600 7 10 843 17 825 2 33 157 149 735 206 236 293 3 ,48 4 1 ,522 3 96 908 488 170 640 1 ,664 1 ,585 79 2 23 4,691 1,6 67 7 49 911 18 893 2 50 169 166 7 79 2 27 2 52 2 99 3 ,513 1 ,502 4 22 9 33 4 88 168 6 67 1,642 1 ,558 84 229 6,352 6,632 6,871 7,172 8,183 8,472 4 ,92 9 4 ,832 4 ,41 8 301 4 ,11 7 4 14 98 3 94 1,626 77 5 ,05 3 4 ,9 3 9 4 ,5 1 2 2 99 4 ,21 3 4 27 114 4 5 ,224 5 ,096 4 ,64 2 2 97 4 ,34 6 4 54 128 4 124 1,870 78 7,5 3 8 5,4 44 7,852 4 ,75 9 4 ,68 0 4,271 3 02 3 ,96 9 4 09 79 3 77 1,518 75 2 ,0 1 2 5 ,61 3 5 ,45 8 4 ,9 4 2 2 95 4 ,6 4 7 515 155 5 150 2 ,15 3 5,961 5 ,80 6 5 ,18 7 291 4 ,89 5 6 20 154 5 149 2 ,40 9 82 86 5 ,80 8 5 ,65 6 5,0 94 2 95 4 ,79 8 562 152 5 147 2 ,28 0 94 643 144 110 1 ,743 74 120 5 ,30 2 4 ,81 7 2 97 4 ,52 0 485 142 5 137 68 886 222 1 ,1 2 1 86 6 102 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 38 T a b le 2 . 4 . C u r r e n t- C o s t D e p r e c ia t io n o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu re s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ] L in e P r iv a t e f i x e d a s s e t s E q u ip m e n t a n d s o ftw a r e N o n r e s id e n tia l e q u ip m e n t a n d s o ftw a r e R e s id e n tia l e q u ip m e n t N o n r e s id e n tia l s tr u c tu r e s N o n re s id e n tia l b u ild in g s , e x c lu d in g fa rm In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l i " R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo ra tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n tia l s tr u c tu r e s H o u s in g u n its P e rm a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p r o v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n "F o o tn o te s to t h e T a b le s ." 1965 1966 1967 1969 1968 1971 1970 1972 1974 1973 1975 1976 .... 1.... ’ 4 8 ,3 5 7 5 1 ,7 3 6 5 6 ,3 14 6 1 ,4 02 6 7,4 30 7 4 ,5 2 5 8 1,800 8 9 ,7 39 9 9 ,4 04 1 0 9,1 5 7 1 26 ,9 43 1 49 ,1 77 1 6 4 ,5 9 9 2 2 8 ,2 83 3 0 ,3 5 5 3 3 ,3 18 3 6 ,8 10 4 0 ,6 47 4 4 ,9 6 2 4 9 ,6 56 5 4 ,1 52 5 8 ,5 7 8 6 4 ,6 12 7 5 ,4 1 2 9 0 ,4 96 1 0 0 ,9 6 9 3 4 5 2 7 ,9 17 4 ,36 0 156 2 33 1,790 7 17 381 1 ,082 7,931 818 374 246 128 1,726 1,931 2 9 ,9 7 2 4,831 2 38 321 1 ,944 7 44 506 1 ,079 8 ,449 8 45 3 85 2 50 135 1,861 2 ,05 3 3 2 ,9 1 4 5 ,507 319 446 2.161 808 647 1 ,127 9 ,24 9 894 4 00 254 146 2 ,079 2 ,260 3 6 ,3 80 6 ,372 4 47 6 05 2 ,415 891 787 1 ,226 10,306 9 66 4 36 2 78 158 2 ,366 2 ,519 4 0 ,1 92 7 ,17 7 5 70 7 73 2 ,758 981 849 1,246 11,362 1,058 486 315 171 2 ,71 7 2 ,73 3 4 4 ,4 6 6 8,2 03 7 32 992 3 ,17 7 1,081 9 29 1 ,293 12,391 1 ,192 5 44 3 56 189 3 ,024 2 ,96 0 4 9 ,1 12 9 ,547 921 1,322 3,661 1,208 1,051 1,385 13,665 1,399 626 419 207 3 ,376 3 ,197 5 3 ,5 55 10,739 960 1,631 4 ,22 9 1 ,346 1 ,198 1 ,375 14,884 1,6 39 713 493 3 ,64 0 3 ,43 7 5 7 ,9 2 4 11,992 1,0 74 1,9 50 4 ,69 6 1,4 79 1,371 1,4 22 15,868 1,848 7 83 553 2 30 3 ,82 8 3 ,60 8 6 3 ,8 7 5 13,712 1 ,370 2 ,377 5 ,124 1,660 1,624 1,557 16,891 2 ,05 9 865 6 18 2 47 4 ,07 0 3 ,83 0 7 4 ,5 4 2 16,218 1,528 2 ,948 5,961 1,973 1,954 1,853 19,465 2 ,462 979 6 90 2 90 4 ,708 4 ,523 8 9 ,4 54 19,303 1 ,827 3 ,60 0 6,921 2 ,465 2 ,352 2 ,138 24,214 3 ,193 1,2 26 856 370 5 ,79 9 5 ,47 7 9 9 ,7 96 2 1,6 87 1,954 4 ,162 7,6 97 2,8 29 2,7 72 2,2 73 26,951 3,6 08 1,461 1 ,040 420 6 ,33 4 5 ,98 6 1,930 2 ,08 5 2 ,312 2 ,524 2 ,71 8 2 ,91 3 3 ,176 3 ,42 0 3 ,69 7 3 ,828 4,271 5,3 64 6 ,04 6 1,151 8,1 23 2,8 29 3,4 64 4 54 399 9 77 7 ,503 1,272 130 1,142 996 748 248 1,197 9 89 5 25 1 ,272 3 04 91 1 ,219 8 ,63 5 3 ,02 2 3 ,682 5 17 4 06 1 ,008 8 ,05 7 1 ,348 1 33 1 ,215 1 ,07 6 801 2 74 1 ,279 1 ,094 547 1 ,336 341 1,304 9 ,33 4 3 ,33 3 3 ,92 3 614 4 23 1,042 8 ,823 1,460 140 1,3 20 1,650 11,167 4 ,10 0 4,4 54 1 ,016 4 72 1 ,126 10,485 1 ,752 164 1,588 1 ,457 1,095 362 1 ,592 1 ,525 6 36 1,790 4 27 1 ,757 12,484 4,601 4 ,90 3 1,263 5 16 1,890 1 3,5 18 5 ,122 5 ,047 1,475 569 1,304 12,383 2 ,10 9 2 ,03 4 14,531 5,6 14 5,3 67 1 ,590 614 1 ,345 13,401 2 ,25 2 263 1,989 1,763 1,334 429 2,521 1 9,9 52 2 40 1 ,03 6 2 ,104 15,655 6 ,084 5 ,766 1,662 672 1 ,472 14,408 2 ,38 7 3 09 2 ,078 1,883 1,423 460 2,311 2 ,19 3 839 2 ,30 0 617 175 443 1 ,877 2 ,23 8 1 7,3 78 6 ,87 8 6 ,30 6 1 ,856 7 73 1 ,565 15,894 2 ,692 367 2 ,324 2 ,09 4 1 ,579 515 2 ,596 2 ,420 212 1,494 10,027 3,6 90 4,0 39 7 78 4 39 1,080 9,6 75 1,611 148 1,462 1,331 9 93 3 38 1,493 1,371 621 1 ,630 403 119 2 84 1,216 3,1 55 2 2,6 03 9 ,22 7 7 ,49 0 2 ,41 9 1 ,119 2 ,34 7 2 3 ,3 34 3 ,612 493 3 ,119 3 ,345 2,431 914 3 ,868 3 ,727 1,507 3 ,222 1,074 287 787 2 ,979 3 ,516 2 5,115 10,068 8 ,435 2 ,757 1,262 2 ,59 3 2 6,0 44 3 ,822 521 3,301 3 ,816 2 ,787 1,029 4 ,392 4 ,132 1 ,873 3 ,45 3 1,238 3 10 927 3 ,318 In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re C o m p u te rs a n d p e rip h e ra l e q u ip m e n t S o ftw a re 1 6 C o m m u n ic a tio n e q u ip m e n t 7 8 In s tru m e n ts 9 P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t 10 In d u s tr ia l e q u ip m e n t "" 11...... 12 F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu rb in e s 13 14 S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s 15 M e ta lw o r k in g m a c h in e ry 16 S p e c ia l in d u s t r y m a c h in e ry , n .e .c . 17 G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , 18 e q u ip m e n t E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a nd in d u s tria l a p p a ra tu s 19 T r a n s p o r ta tio n e q u ip m e n t 20 T r u c k s , b u s e s , a n d tr u c k t r a ile r s 21 22 A u to s A ir c r a ft 23 S h ip s a n d b o a ts 24 R a ilro a d e q u ip m e n t 25 O th e r e q u ip m e n t 26 F u rn itu re a n d fix tu re s 27 H o u s e h o ld f u r n it u r e 28 29 O th e r fu r n it u re T ra c to rs 30 F a rm tr a c to r s 31 32 C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s 33 C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s 34 M in in g a n d o ilfie ld m a c h in e ry 35 S e rv ic e in d u s try m a c h in e ry 36 E le c tric a l e q u ip m e n t, n .e .c . 37 H o u s e h o ld a p p lia n c e s 38 O th e r 39 O th e r n o n r e s id e n tia l e q u ip m e n t 40 S tru c tu re s 1964 948 101 1 ,2 0 0 891 309 1,3 76 1,232 583 1,430 391 114 2 77 1 ,150 121 3 06 1 ,306 1 ,2 0 0 1 1,3 87 1,931 189 1 ,743 1 ,560 1 ,183 377 1 ,739 1 ,690 6 63 1 ,914 4 65 136 3 29 1 ,424 222 1,8 87 1,6 60 1,257 403 1,902 1,858 721 2,0 60 514 150 365 1,559 220 2 ,1 0 0 2 ,0 2 2 794 2 ,21 9 5 60 159 401 1,689 886 2 ,429 6 99 2 03 4 97 2 ,07 7 8 ,1 2 2 6 ,923 2 ,193 9 40 1,773 1 8 ,9 07 3,2 20 441 2,7 79 2,6 19 1,936 684 3,1 12 2,8 62 1,061 2 ,68 0 854 2 43 611 2 ,500 41 366 3 84 404 4 30 4 56 495 544 598 655 7 37 869 1 ,04 2 1 ,1 7 3 42 2 0 ,0 7 3 2 1 ,3 8 0 2 2 ,9 96 2 4 ,5 9 2 2 6 ,7 8 2 2 9 ,5 63 3 2 ,1 4 3 3 5 ,5 8 7 4 0 ,8 2 5 4 4 ,5 4 5 5 1,5 31 58,681 6 3 ,6 30 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 1 1 ,1 4 6 4 ,98 0 1 ,749 788 981 1 1,8 01 5 ,40 5 1,8 84 8 45 1 ,07 9 23 1 ,055 2 89 196 1 2 ,6 77 5 ,948 2 ,076 917 1,205 24 1,181 314 214 239 982 303 304 375 3 ,79 4 1 ,502 530 1,058 537 167 780 1 ,899 1 ,797 1 3 ,5 32 6 ,485 2 ,27 2 1 ,003 1 ,317 27 1,291 336 234 265 1,057 327 3 20 4 10 3 ,95 7 1 ,515 581 1,132 561 168 824 1,995 1,8 87 108 272 1 4 ,7 17 7 ,12 3 2 ,506 1 ,096 1,461 29 1 ,432 3 64 2 59 298 1 ,13 9 3 57 3 39 4 43 4 ,30 5 1,641 621 1,2 58 608 178 885 2,1 14 1 ,997 117 290 1 6 ,1 88 8 ,02 8 2 ,81 7 1,2 23 1,6 99 33 1 7 ,8 10 8 ,945 3,121 1,392 1,921 35 2 2 ,4 7 2 2 4 ,3 9 9 13,121 4 ,36 0 1 ,6 6 6 1 ,8 8 6 402 293 3 47 1 ,246 4 00 369 4 7 7... 4 ,632 1 ,726 6 80 1,355 6 79 192 9 70 2 ,24 0 2 ,10 9 131 3 17 436 322 403 1 ,350 444 397 509 5 ,059 1,807 800 1,500 746 206 1 ,050 2 ,39 9 2 ,253 146 357 1 9 ,7 37 10,124 3,491 1 ,563 2 ,266 36 2,231 479 360 478 1,486 504 436 546 5 ,57 6 1,9 57 851 1,7 08 832 227 1,158 2,4 83 2 ,31 6 167 396 2 15 4 76 2 8 ,4 8 6 1 4,7 48 4 ,88 0 2 ,467 3,431 43 3 ,388 636 496 784 2 ,05 5 773 590 692 7 ,790 2 ,454 1 ,318 2 ,584 1 ,133 301 1 ,582 3,781 3 ,526 255 584 3 2 ,9 6 8 16,639 5 ,502 2 ,802 3 ,89 7 49 3 ,849 701 548 912 2 ,278 870 653 754 9,0 09 2,7 88 1,442 3,091 1,316 371 1 ,780 4 ,86 8 4 ,565 303 6 72 3 5 ,5 3 5 17,643 5 ,87 8 2,971 4 ,15 4 55 4 ,099 728 567 994 2 ,35 2 906 682 765 9,721 2,9 09 1,562 3,3 82 1 ,419 448 1 ,896 5 ,572 5 ,227 345 703 1 1 ,0 60 7 ,73 4 7,461 6 ,49 0 324 6 ,166 971 274 1 2 ,0 65 8 ,424 8 ,094 7 ,01 0 342 6 ,667 1,084 3 30 9 321 3 ,46 9 172 1 3 ,3 7 6 9 ,29 8 1 4,3 33 9 ,877 9,341 7,9 74 371 7,6 03 1,366 536 14 522 4,261 195 1 5 ,8 50 10,926 10,290 8 ,719 393 8 ,326 1,571 636 17 619 4 ,71 8 206 1 8 ,3 54 13,014 12,259 10,410 420 9 ,99 0 1 ,849 755 2 0 ,1 45 14,197 13,247 11,013 4 60 10,553 2 ,234 950 27 9 22 5 ,71 0 238 2 3 ,0 4 5 16,170 14,988 12,359 507 11,852 2 ,62 9 1,181 38 1,143 6 ,615 260 2 5 ,7 13 17,972 16,572 13,615 556 13,059 2 ,957 1 ,400 51 1,349 7 ,460 280 2 8 ,0 95 19,644 18,096 14,907 591 14,317 3 ,18 8 1 ,548 60 1,488 8 ,159 293 66 67 68 69 70 71 72 73 74 75 76 77 78 79 20 961 2 67 181 186 829 250 267 311 3 ,555 1,493 4 46 9 73 481 162 697 1,680 1,591 89 2 34 8 ,9 2 7 6 ,256 6 ,078 5 ,37 8 292 5 ,08 5 700 178 5 173 2 ,55 9 112 211 902 2 77 2 86 3 39 3 ,664 1 ,49 5 4 80 1 ,030 4 98 162 7 35 1 ,753 1 ,65 8 95 243 9 ,5 7 9 6 ,73 6 6 ,5 2 6 5 ,72 8 302 5 ,42 7 797 210 6 204 2 ,71 7 127 102 256 1 0 ,3 20 7 ,25 6 7 ,01 9 6,1 30 314 5,8 16 889 237 7 230 2,921 143 8 266 3 ,16 8 157 8 ,8 6 6 7 ,625 363 7,261 1 ,242 4 32 12 420 3 ,889 188 1 2 ,2 1 0 4 ,34 2 1,869 2 ,87 9 35 2 ,843 523 400 565 1,633 575 478 581 5,8 63 1,901 939 1 ,882 899 243 1 ,283 2 ,68 2 2 ,493 189 433 21 735 5 ,120 219 2 ,1 2 2 3 ,16 5 38 3 ,12 8 569 441 660 1,803 665 523 6 15 6,431 2 ,009 1 ,074 2 ,123 968 2 56 1 ,470 2,901 2 ,6 8 6 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 39 T a b le 2 , 4 . C u rr e n t- C o s t D e p r e c ia t io n o t P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ] L in e P riv a te fix e d a s s e ts E q u ip m e n t a n d s o ft w a r e N o n r e s id e n tia l e q u ip m e n t a n d s o ft w a r e 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 ..... 1....... 1 84 ,40 1 2 1 0 ,7 2 7 2 4 4,9 3 0 2 8 2 ,5 6 0 3 2 3 ,8 6 4 357 ,47 1 3 7 2 ,7 4 4 3 9 3,5 4 1 4 2 2 ,5 2 8 4 5 0 ,7 5 0 4 7 8 ,2 3 4 5 1 2 ,3 5 2 554 ,02 1 2 1 1 2 ,6 2 8 128,71 1 1 4 8,9 5 7 1 7 3 ,7 4 9 198 ,92 1 2 1 8,2 0 7 2 3 0 ,7 6 6 2 46 ,74 1 2 6 5 ,8 1 7 2 8 7 ,8 5 7 3 0 9 ,0 2 9 3 2 9 ,9 5 9 3 5 5 ,0 4 2 3 4 5 127,25 1 2 7,0 64 2 ,454 5 ,247 9 ,217 3 ,899 3 ,428 2 ,820 33,736 5 ,032 1 ,856 1 ,310 5 46 7,961 7 ,23 7 1 4 7,2 8 8 3 1,4 97 2 ,823 6,402 10,528 4 ,529 3,891 3 ,324 3 8,9 09 6 ,04 7 1 ,967 1,340 627 9 ,319 8 ,19 6 1 7 1 ,8 2 8 3 8,408 3 ,75 6 7 ,96 6 5,3 13 4,691 3 ,99 4 4 5,7 97 7,301 2 ,42 8 1,695 733 11,119 9 ,40 3 1 96 ,72 1 4 7,0 22 5 ,805 9,851 15,318 6 ,225 5 ,205 4 ,618 51,691 8 ,186 2,641 1 ,812 829 12,625 10,597 2 1 5 ,7 4 8 55,729 8 ,379 11,874 17,744 7 ,17 0 5,601 4 ,960 55,172 9 ,013 2 ,62 8 1,748 880 13,569 11 ,2 1 1 2 28 ,1 32 63,581 10,740 13,807 19,667 8 ,00 4 6 ,00 9 5 ,354 5 6,5 36 9,211 2 ,63 2 1 ,762 869 13,575 11,733 2 4 3 ,9 3 4 7 2,824 1 3,1 20 16,347 2 1,987 8 ,76 6 6 ,46 3 6 ,1 4 0 5 7,5 35 9 ,15 5 2 ,60 3 1 ,75 6 8 47 13,586 12,259 2 6 2 ,8 3 7 8 3,2 76 16,420 19,327 24,211 9 ,542 7 ,037 6 ,738 5 9,4 75 9 ,142 2 ,60 4 1 ,756 8 48 13,983 12,867 2 8 4 ,6 6 7 9 4,1 75 19,396 21,973 26,768 10,562 7 ,73 7 7 ,73 9 6 3,2 47 8 ,907 2 ,64 2 1 ,763 8 79 15,079 14,117 3 0 5 ,6 0 4 1 06 ,83 9 2 4 ,5 17 2 4 ,9 80 2 9 ,2 24 11,654 8 ,33 0 8 ,13 4 6 6 ,7 75 8 ,60 8 2 ,69 0 1,795 895 1 5,8 98 15,394 3 2 6 ,2 8 3 1 17 ,62 7 28,701 2 8 ,8 27 30,921 12,638 8 ,92 7 7 .613 70,832 8 ,99 4 2,761 1 ,842 9 19 1 6,5 77 1 6,7 10 3 5 1 ,1 0 9 129 ,33 6 3 2,5 28 3 3,2 42 3 3 ,0 27 1 3,8 40 9 ,600 7 ,099 7 4,899 9 ,37 7 3 ,01 8 2,0 40 9 77 17,235 17,871 7 ,59 6 8 ,88 9 10,370 11,785 12,401 12,704 1 2,9 64 13,518 14,726 15,931 17,131 18,053 4 ,490 38,492 15,812 13,384 3 ,96 9 1,854 3,4 74 3 8,390 5,581 710 4,871 5 ,81 6 4 ,084 1 ,732 6 ,195 6 ,36 7 3,091 4 ,39 0 2,181 424 1,757 4 ,76 9 5 ,17 6 4 2,8 58 17,987 13,948 4,801 2 ,12 7 3 ,99 6 4 4,7 65 6 ,30 4 8 04 5 ,50 0 6 ,775 4 ,85 3 1 ,923 7 ,238 7 ,43 6 3 ,64 3 5 ,02 9 2 ,59 7 4 74 2 ,12 4 5,741 5 ,85 7 4 7 ,2 10 20,108 14,661 5 ,586 2 ,449 4 ,40 6 5 0,7 98 7 ,126 876 6 ,250 7 ,536 5 ,43 4 2 ,10 3 8 ,06 8 8 ,295 4 ,36 2 5 ,610 3 ,05 0 5 13 2 ,53 7 6,751 6 ,34 9 49,894 20,817 15,389 6 ,37 4 2 ,82 9 4 ,485 54,954 7 ,874 926 6 ,949 8,013 5 ,84 9 2 ,163 8 ,650 8 ,534 4 ,924 5 ,980 3 ,38 8 5 38 2 ,85 0 7,591 6,681 5 1,9 09 2 1,1 03 16,809 6 ,67 0 2 ,90 0 4 ,42 8 56,106 8 ,556 942 7 ,61 3 7 ,90 0 5 ,89 0 6 ,96 9 5 6,3 82 2 2,5 52 19,698 6 ,87 0 2 ,95 6 4 ,3 0 7 5 7,1 93 9 ,3 7 8 980 8 ,39 8 7,731 5 ,83 5 1 ,89 7 8 ,42 0 8 ,255 4 ,59 5 6 ,44 5 3 ,99 0 522 3 ,4 6 7 8 ,37 9 7,361 6 1,3 07 2 4,5 14 22,512 7 ,08 7 2 ,95 7 4 ,23 7 5 8,7 79 10,405 1 ,024 9,381 7 ,56 0 5 ,702 1,859 8 ,057 8 ,479 4 ,30 0 6 ,86 3 4 ,35 6 5 22 3 ,83 4 8 ,759 7 ,77 7 6 6,0 34 26,794 24,768 7 ,426 2 ,96 7 4 ,07 9 61,211 11,469 1,072 10,397 7,5 82 5 ,78 8 1,7 94 7 ,76 7 8 ,95 6 4,011 7 ,334 4 ,77 7 5 27 4 ,25 0 9 ,313 8 ,25 4 6 8,1 89 2 7 ,6 39 2 5,9 22 7 ,793 2 ,92 4 3,911 63,801 12,562 1 ,128 11,435 7 ,558 5,741 1 ,817 7 ,49 8 9 ,513 3 ,699 7 ,896 5 ,18 8 533 4,6 55 9 ,88 7 8 ,6 5 9 7 0,6 50 2 8,8 28 2 6,784 9 ,344 7 4,2 67 3 0,3 40 28,139 8 ,753 2 ,935 4,101 7 2,6 06 15,254 1,236 14,017 F a b r ic a te d m e ta l p r o d u c t s 12 E n g in e s a n d t u r b in e s S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 13 14 15 16 17 1 1 1 ,3 3 2 2 3,8 20 2 ,17 2 4 ,68 7 8 ,060 3 ,316 3 ,04 2 2 ,54 3 2 9,857 4,0 88 1,646 1,174 4 72 7 ,07 2 6 ,562 G e n e r a l in d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 6 ,87 0 E le c t r ic a l t r a n s m is s io n , d is t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 19 3 ,61 9 28,515 11,265 9 ,94 8 3 ,01 7 1,429 2 ,856 2 9,1 40 4 ,25 8 571 3 ,68 7 4 ,335 3 ,119 1,216 4 ,92 5 4,681 2 ,294 3 ,713 1,426 3 53 1 ,073 3 ,50 7 I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e C o m p u t e r s a n d p e r ip h e r a l e q u i p m e n t S o ftw a re 1 6 C o m m u n ic a t io n e q u ip m e n t 7 In s t r u m e n t s 8 P h o t o c o p y a n d re la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u ip m e n t I n d u s t r ia l e q u ip m e n t S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O th e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O th e r f u r n it u r e T r a c to r s F a rm t r a c t o r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O t h e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tr u c tu r e s N o n r e s id e n tia l s tru c tu r e s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g fa r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c i a l 3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r H o te ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic lig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls P e tr o le u m a n d n a tu r a l g a s O th e r m in in g O th e r n o n fa rm s t r u c t u r e s 5 R e s id e n tia l s tru c tu r e s H o u s in g u n it s P e r m a n e n t s it e l- t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s i d e n t i a l 6 S ee th e s e c tio n "F o o tn o te s to th e T a b le s .’ 10 11 20 21 22 23 24 25 26 27 28 29 30 31 ...32....... 33 34 35 36 37 38 39 40 4 ,05 4 3 3,3 59 13,340 11,940 3 ,36 0 1,618 3 ,100 3 3,0 92 4 ,89 5 636 4 ,25 8 4 ,9 5 7 3 ,490 1 ,46 7.... 5 ,399 5 ,375 2 ,70 8 3,991 1,738 3 87 1,351 4 ,02 9 1 2 ,6 8 8 2 ,0 1 1 8 ,602 8 ,347 4 ,83 0 6 ,20 4 3 ,65 4 531 3 ,1 2 3 8 ,0 1 2 8 ,2 2 2 2 ,8 9 8 3 ,91 8 6 7,173 13,975 1 ,194 12,781 7 ,6 7 5 5 ,80 5 1,8 69 7 ,4 3 3 9 ,95 8 3 ,4 7 7 8 ,4 1 8 5 ,5 5 6 5 45 5,011 10,683 1989 7 ,958 6,031 1 ,927 7 ,67 8 10,352 3,291 10,556 5 ,92 3 5 57 5 ,36 6 11,595 41 1 ,2 9 6 1 ,46 0 1 ,6 6 9 1 ,921 2 ,2 0 0 2 ,4 5 9 2 ,6 3 4 2 ,8 0 6 2,9 81 3 ,1 9 0 3 ,4 2 5 3 ,6 7 6 3 ,9 3 4 42 7 1 ,7 7 3 8 2 ,0 16 9 5,9 73 1 08 ,81 1 1 2 4 ,9 4 4 1 3 9 ,2 6 4 1 4 1 ,9 7 8 1 46 ,80 1 1 56 ,71 1 1 6 2 ,8 9 3 1 6 9 ,2 0 5 1 8 2 ,3 9 3 1 9 8 ,9 7 9 3 9 ,8 3 6 19,283 6,4 18 3,241 4 ,62 4 62 4 ,562 7 80 6 08 4 5 ,0 0 3 2 1,492 7 ,170 3 ,64 3 5,161 70 5,091 8 59 5 2,9 40 2 5,4 16 8 ,603 4 ,196 6 ,409 85 6 ,32 4 962 1,268 2 ,72 4 1,062 817 8 44 11,573 3 ,28 0 1 ,976 4 ,046 1,685 5 87 2 ,337 8 ,794 8 ,30 2 491 8 07 .......746 1,460 3 ,040 8 1,463 3 8,8 05 1 2,4 76 7,331 9 ,828 160 9 ,66 8 1 ,336 1 ,050 2,3 55 4,431 1 ,91 9 1 ,27 9 1,2 33 1 8,0 43 4 ,8 7 6 3 ,449 6 ,33 2 2 ,56 2 823 3 ,69 8 19,495 18,483 8 3 ,6 43 4 0,9 63 13,075 8 ,18 5 9 ,8 3 7 175 9 ,66 2 1 ,409 1,11 1 7 0 ,9 3 3 3 2 ,2 15 1 0,705 5,731 7,8 92 124 7,7 67 1,1 93 9 26 1,913 3 ,855 1 ,587 1 ,148 81,151 3 6,2 26 11,767 6,591 9 ,247 144 9 ,102 1,281 668 5 9 ,8 90 2 8,9 66 9 ,50 3 4 ,92 2 7 ,48 7 105 7 ,382 1 ,083 838 9 1 ,9 12 4 7,7 15 14,462 10,244 1 1,6 53 219 11,434 1,568 1 ,248 3 ,035 5 ,504 2 ,599 1,490 1,414 19,329 4 ,93 9 3,971 7,0 44 2,5 89 7 87 4 ,01 8 1 9,1 32 17,942 1,189 1,719 9 3 ,3 55 5 1,3 27 15,167 1 1,2 64 12,685 2 42 12,443 1 ,664 1 ,345 3 ,27 0 5,931 2 ,859 1 ,582 1,491 19,898 4 ,935 4 ,190 7,291 2 ,68 2 8 00 4 ,12 3 16,131 1 4,9 10 1 0 1 ,2 7 3 5 5,1 14 15,921 1 2,2 85 1 3,7 83 273 13,510 1 ,76 6 1 ,450 3 ,5 3 3 6 ,37 5 3 ,1 1 5 1 ,694 1 ,565 2 1 ,1 60 5 ,13 4 4 ,43 5 7 ,89 7 2,8 57 837 4 ,2 3 4 1 8,7 66 1 7,5 20 1 ,24 6 1 ,99 9 1 0 8 ,8 7 6 6 0,7 87 16,789 13,325 16,611 304 16,307 1 ,873 1 ,550 3 ,81 3 6 ,825 3 ,376 1 ,819 1 ,630 2 2,3 73 5 ,19 8 5 ,048 8 ,246 3 ,01 7 864 4 ,33 9 1 9,2 54 1 7,9 79 1 ,274 1 ,423 2 ,597 4 ,74 8 2 ,12 4 1 ,344 1 ,280 1 8,5 73 5 ,02 0 3 ,5 0 6 6 ,56 9 2 ,64 2 8 37 3 ,82 8 1 8,817 1 7,739 1 ,078 1 ,462 8 8 ,6 30 4 4 ,2 78 13,744 9 ,173 10,786 196 10,590 1 ,482 1,1 74 2,8 15 5 ,10 4 2,351 1,4 12 1,341 1 9,1 13 5,061 3 ,78 6 6 ,79 0 2 ,65 2 8 24 3 ,94 9 19,720 18,579 1 ,140 1,571 6 0 ,5 15 4 1,8 12 3 8,5 92 3 1,8 28 1 ,004 3 0,8 24 6 ,76 4 3 ,22 0 150 3 ,07 0 18,230 4 74 6 3 ,1 5 8 4 3 ,3 08 3 9 ,9 50 3 2 ,7 96 1,0 24 3 1,7 72 7 ,15 3 3 ,3 5 8 161 3 ,19 7 1 9,3 67 4 83 68,081 4 7 ,1 07 43,591 3 5,9 33 1 ,037 34,896 7 ,658 3 ,516 178 3 ,33 8 20,482 491 7 0 ,9 80 48,631 4 4 ,9 80 3 6,6 42 1,073 3 5,5 69 8 ,33 8 3,651 1 94 3 ,45 7 2 1,8 40 5 09 7 5 ,8 5 0 5 1,964 4 8,1 82 3 9,2 95 8 1 ,1 2 0 5 5 ,5 39 5 1,5 24 4 1 ,9 29 1 ,14 9 4 0 ,7 80 9 ,59 5 4 ,01 5 225 3 ,79 0 2 5,0 29 5 52 9 0 ,1 03 6 2 ,6 98 5 8,4 73 4 8,6 83 1,1 88 4 7,4 94 9 ,79 0 4 ,22 4 2 37 3 ,987 2 6,8 32 5 73 43 44 45 46 47 48 49 50 .. 51....... 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 2 ,502 966 736 800 10,737 3 ,19 5 1,753 3 ,736 1,526 5 28 2 ,07 4 6,981 6 ,572 4 09 761 3 1 ,9 3 7 22,341 2 0 ,5 69 17,037 6 52 16,385 3,531 1,7 72 72 1 ,700 9 ,27 2 3 24 3 7 ,0 13 2 6,0 68 2 4,0 28 19,938 7 39 19,199 4 ,09 0 2 ,04 0 1 ,2 0 2 921 9 17 13,039 3,6 00 2,3 88 4 ,59 3 1,8 29 629 2 ,683 10,897 10,312 585 904 4 3 ,0 33 3 0,4 44 2 8,0 84 2 3,5 39 826 22,713 4 ,544 2 ,360 86 100 1 ,954 10,584 361 2 ,260 12,193 397 1 ,6 8 6 3 ,44 7 1,388 1,039 1,019 14,621 3 ,95 0 2 ,83 3 5 ,14 8 2 ,009 6 82 3 ,10 8 12,132 11,436 696 1,064 48,921 3 4,3 73 3 1,6 93 2 6,5 89 9 14 2 5,6 75 5 ,10 4 2 ,68 0 1 17 2 ,563 14,115 4 33 1 ,0 0 0 16,073 4 ,280 3 ,070 5 ,684 2 ,27 8 761 3 ,360 18,044 17,219 825 1,241 2,1 43 4,1 98 1,770 1,231 1,1 97 17,253 4 ,53 4 3 ,33 6 6,071 2 ,496 8 16 3 ,66 5 2 2,6 27 21,684 9 43 1,379 5 4 ,0 1 0 3 7,574 3 4,677 2 9 ,0 15 978 2 8,0 37 5,6 63 2 ,89 7 131 2 ,76 6 15,976 461 5 8 ,1 13 40,311 37,231 3 0,9 42 1 ,006 2 9,9 36 6 ,289 3 ,080 143 2 ,937 17,329 474 1 ,1 2 0 1 ,0 1 2 1 ,1 1 2 1 ,2 2 1 1 ,876 1 ,1 1 1 3 8,1 84 8 ,88 7 3,781 211 3 ,5 7 0 2 3,3 56 5 30 2 ,1 2 2 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 40 T a b le 2 . 4 . C u r r e n t- C o s t D e p r e c ia t io n o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ] 1994 1995 1996 1997 1 5 79 ,5 26 6 0 8,0 5 7 642 ,21 1 6 60 ,1 49 7 14 ,61 1 7 43 ,61 1 7 8 1,9 3 0 832 ,43 1 2 3 75 ,7 32 3 9 6,3 7 7 4 1 3 ,9 0 9 4 3 2 ,7 8 5 4 6 0 ,1 3 2 4 9 1 ,8 6 7 5 21 ,36 0 5 55 ,8 57 3 7 1 ,5 7 2 140 ,13 5 34,304 38,958 34,847 15,376 10,131 6 ,520 7 9,9 59 9 ,629 3 ,353 2 ,334 1,019 18,214 19,404 3 9 2 ,0 6 9 149 ,26 8 3 4,0 45 4 5,1 39 3 6,6 94 16,852 10,590 5 ,94 8 8 3 ,6 37 9 ,84 6 3 ,50 7 2 ,445 1 ,062 19,012 2 0 ,5 77 4 0 9,4 5 3 155,90 4 33,632 4 8,7 67 3 8,1 29 18,455 5 ,71 0 8 5,9 80 9 ,996 3 ,573 2 ,489 1,083 19,516 2 1,3 63 4 2 8 ,1 5 7 165,785 3 3,3 89 5 5,8 25 38,791 2 0,0 66 11,851 5,863 8 8,0 70 9 ,992 3 ,563 2 ,472 1,090 2 0,1 58 2 1,9 88 4 5 5 ,3 0 6 177,401 3 5,8 00 6 1,8 02 3 9,5 25 2 1,5 63 12,624 6 ,08 7 9 1,6 23 10,142 3,6 90 2 ,55 9 1,131 2 1,2 35 22,902 4 8 6 ,7 5 2 190 ,55 0 38,321 6 9 ,5 22 3 9 ,9 10 2 3,078 13,423 6 ,29 5 9 7,449 10,748 3 ,82 9 2 ,62 3 1 ,206 2 2 ,8 55 2 4,4 33 5 15 ,98 2 202,40 8 38,877 76,984 41,475 24,625 14,042 6 ,405 102,779 11,325 3 ,936 2 ,645 1 ,290 24,322 25,944 5 50 ,2 72 2 21 ,15 8 4 1,7 34 8 8,1 92 4 4,4 83 2 6,1 02 14,559 6 ,08 8 106 ,52 8 11,807 4 ,0 8 4 2 ,70 2 1,3 83 2 5 ,6 57 2 7 ,3 90 L in e P riv a te f ix e d a s s e ts E q u ip m e n t a n d s o f tw a r e C o m p u t e r s a n d p e r ip h e r a l e q u i p m e n t 3 4 5 S o ftw a re 1 6 C o m m u n ic a t io n e q u ip m e n t 7 N o n r e s id e n tia l e q u i p m e n t a n d s o f tw a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e In s tr u m e n ts 8 P h o t o c o p y a n d re la te d e q u i p m e n t 9 O ffic e a n d a c c o u n t in g e q u i p m e n t I n d u s t r ia l e q u ip m e n t 10 11 F a b r ic a te d m e ta l p r o d u c t s 12 E n g in e s a n d tu r b in e s 1990 1991 1992 1 1 ,2 1 2 1993 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 13 14 15 16 17 G e n e r a l in d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 19,278 2 0 ,0 83 2 0,6 02 2 1 ,1 2 2 21,981 2 3,1 99 2 4,3 44 2 5,0 75 E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 19 10,081 75,931 30,510 28,811 9 ,474 2 ,954 4,181 75,547 16,550 1,256 15,294 8 ,314 6 ,289 2 ,025 8,015 11,024 3 ,166 9 ,643 6 ,378 556 5,822 12,458 10,611 8 0,7 52 3 0 ,9 29 3 2 ,2 79 1 0,3 88 2 ,94 2 4 ,21 5 7 8,4 13 1 7,3 10 1,251 1 6,0 59 8 ,61 5 6 ,58 9 2 ,02 6 8 ,294 11,180 3 ,02 3 10,930 8 5,2 05 3 2,2 67 3 4,6 54 11,227 2 ,90 2 4 ,15 6 8 2,3 65 17,819 1,2 35 16,584 8,7 17 6,7 69 1,9 48 8,5 46 10,989 2 ,78 9 12,491 7 ,387 524 6 ,863 1 3,6 27 11,248 9 1,1 72 3 5,2 65 3 7 ,0 54 1 1,813 2 ,916 4 ,123 83,131 18,547 1,234 1 7,3 13 8 ,622 6 ,756 11,674 100,31 7 3 9,815 41,091 12,246 2 ,92 2 4 ,24 3 8 5,9 65 20,567 1 ,254 19,313 8 ,874 7 ,01 8 1,856 8 ,592 1 1,3 58 2 ,63 6 10,515 8 ,204 510 7 ,694 15,218 1 2,3 86 1 09 ,69 0 4 5 ,1 66 4 4 ,3 83 12,721 2 ,89 4 4 ,52 4 8 9,0 63 2 0,6 84 1 ,285 19,400 9 ,12 7 7 ,29 2 1 ,835 8 ,88 7 12,014 2 ,65 8 12,908 117,451 50,521 4 6,2 06 13,146 2 ,908 4 ,670 9 3,3 44 21,855 1,3 14 20,541 9,3 96 7,5 43 1,853 9 ,23 8 12,797 2 ,674 1 0 ,8 6 6 11,231 8 ,848 517 8,331 1 7,3 06 12,514 124 ,28 9 5 5,9 78 4 7 ,3 30 13,389 2 ,94 2 4,651 9 8,296 2 3 ,1 78 1 ,338 2 1,8 39 9 ,87 2 7 ,88 5 1 ,98 7 9 ,55 5 13,630 2,801 1 1,8 09 9,211 5 10 8,701 18,241 S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y T r a n s p o r t a t io n e q u ip m e n t 20 T r u c k s , b u s e s , a n d t r u c k t r a ile r s 21 A u to s 22 A ir c r a f t 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O t h e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r f u r n it u r e T ra c to rs F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O t h e r n o n r e s id e n t ia l e q u ip m e n t 1 0 ,0 0 0 6 ,86 5 5 43 6 ,32 2 1 3,126 1 ,8 6 6 8 ,565 11,028 2 ,65 4 11,489 7,861 5 14 7 ,346 14,365 8,5 70 513 8 ,05 8 1 6,256 41 4 ,16 0 4 ,3 0 8 4 ,4 5 6 4 ,6 2 8 4 ,8 2 6 5 ,1 1 5 5 ,3 7 8 5 ,5 8 5 42 2 0 3 ,7 9 4 2 1 1 ,6 8 0 2 28 ,3 02 2 2 7 ,3 6 5 2 5 4,4 8 0 2 5 1 ,7 4 4 2 60 ,5 70 2 7 6 ,5 7 3 1 1 3 ,1 4 8 63,030 17,766 14,302 15,952 O th e r m in in g 66 1 1 6 ,5 5 9 6 5,736 18,479 1 4,9 29 16,641 357 16,284 2,041 1 ,740 4 ,31 6 7 ,5 9 0 3,871 2 ,00 9 1 ,710 2 3,7 73 5 ,29 3 5,581 8 ,77 9 3 ,23 6 884 4 ,45 7 2 0,1 29 18,810 1,3 19 2 ,46 3 1 1 8 ,8 2 0 6 8,8 46 18,950 15,279 18,503 369 18,135 2 ,082 1,813 4 ,496 7 ,72 3 3,954 2 ,056 1,712 2 4,2 69 5 ,290 5 ,685 9 ,035 3,361 897 4,8 89 18,214 16,890 1 ,324 2 ,603 1 2 2 ,9 6 2 7 1,2 57 19,850 15,997 18,441 3 92 18,049 2 ,18 0 1,9 36 4,8 15 8 ,03 7 4 ,11 8 2 ,16 6 1 ,754 25,388 5 ,627 5 ,885 9 ,42 2 3 ,53 0 924 4 ,82 8 18,726 17,359 1 ,367 2 ,76 3 1 3 2 ,9 7 8 7 9,0 29 2 0,8 32 18,529 21,695 4 26 2 1,269 2 ,293 2 ,074 5 ,168 8 ,43 8 4 ,31 7 2 ,308 1,812 2 7,3 20 5,751 6 ,413 10,406 3 ,77 2 979 4 ,669 19,013 17,582 1,431 2 ,947 1 3 5 ,1 7 8 7 9,538 2 1,969 1 7,7 09 2 0 ,7 62 4 59 2 0,3 03 2 ,416 2 ,230 5 ,525 8 ,927 4,571 2 ,48 9 P e t r o le u m a n d n a t u r a l g a s 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 27,481 5,851 6 ,463 10,292 3 ,87 9 996 4 ,814 20,176 18,679 1,4 97 3,1 69 1 40 ,3 42 82,430 22,783 18,429 21,151 480 20,671 2 ,506 2 ,369 5 ,78 8 9 ,40 5 4 ,85 8 2 ,653 1,894 28,535 6 ,06 9 6 ,94 6 10,530 3 ,98 6 1,004 4,8 86 2 1,138 19,605 1 ,533 3 ,35 2 1 4 9 ,4 2 2 8 7,0 86 2 3,8 20 19,454 2 2,4 96 500 2 1,9 96 2 ,63 0 2 ,56 4 6 ,12 6 9 ,99 7 5 ,29 4 2 ,86 9 1 ,834 29,377 6 ,265 7 ,27 9 10,637 4 ,16 6 1 ,030 5 ,01 3 24,429 22,841 1 ,588 3 ,518 95,121 6 4,3 05 59,800 49,601 1 ,228 4 8,374 10,199 4 ,505 280 4 ,22 6 3 0,2 23 5 92 1 09 ,4 82 7 7,4 84 7 2,9 09 62,505 1,238 6 1,2 67 10,404 4 ,57 5 294 4,281 3 1,4 06 592 1 0 4 ,4 0 2 70,469 65,595 5 4,9 74 1 ,298 53,676 10,622 4 ,874 3 19 4 ,55 5 3 3,3 16 617 1 2 1 ,5 0 2 86,189 8 0,8 17 6 3,0 90 1,358 61,732 17,726 5,373 393 4 ,979 34,671 642 1 1 6 ,5 6 6 79,131 73,191 6 2,259 1,413 6 0,8 46 10,933 5 ,939 517 5 ,422 3 6,7 72 6 63 1 20 ,2 29 80,815 7 4,4 26 63,118 1,437 61,681 11,308 6 ,38 9 607 5,781 38,743 671 1 27 ,15 1 85,391 7 8,5 90 6 6,6 70 1,478 65,192 11,919 6,801 6 70 6,131 41,069 691 R e s id e n tia l e q u i p m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c t u r e s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b i le s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a t io n a l b u ild in g s H o s p it a l a n d i n s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o te ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l ig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a rm r e la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls O th e r n o n fa rm s t r u c t u r e s 5 R e s id e n tia l s tr u c tu r e s H o u s in g u n it s P e r m a n e n t s ite l- t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n "F o o tn o te s t o th e T a b le s ." 67 68 69 70 71 72 73 74 75 76 77 78 79 333 15,618 1,976 1,656 4,096 7 ,282 3 ,665 1,935 1,683 23,267 5 ,256 5 ,389 8 ,612 3 ,135 876 4 ,434 20,116 18,812 1,304 2,301 9 0,6 46 61,371 56,982 46,885 1 ,2 2 1 45,665 10,097 4,3 88 2 59 4 ,12 9 2 8,683 592 1 ,8 6 8 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 41 T a b le 2 . 5 . C h a in -T y p e Q u a n tity In d e x e s fo r D e p r e c ia t io n o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c t u r e s ; b y T y p e [In d e x n u m b e rs , 1 9 9 6 = 1 0 0 ] L in e P r iv a te f ix e d a s s e t s 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1 8 .1 0 8 .6 5 8 .8 2 9 .1 7 9 .4 9 9 .7 4 9 .6 6 9 .4 5 8 .9 9 8 .8 4 8.71 8 .7 9 9 .0 4 2 4 .3 9 4 .8 3 4 .8 6 5 .0 8 5 .2 9 5 .4 5 5 .3 2 5 .11 4 .6 8 4 .5 6 4 .4 4 4 .5 3 4 .7 8 3 4 5 4 .4 5 4 .8 9 4 .9 2 5.51 0.25 5 .3 8 0.25 5 .1 7 0 .2 3 0 .2 0 4 .6 0 0 .19 4 .4 8 0 .1 9 4 .8 2 0 .2 2 5 .3 6 0.25 4 .5 7 0.21 5 .1 5 0 .23 4 .7 2 0 .2 0 0 .2 0 0 .2 2 C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 S o ftw a re ' 6 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 C o m m u n ic a t io n e q u i p m e n t 7 0.77 1.04 1 .12 1 .1 0 1.11 0 .7 2 1 .16 0.21 0 .2 2 10 2 0.78 2 6.66 7 .4 8 2 1.57 0.24 3.93 11.32 8.13 2 0.75 19.85 2 2.99 6.96 2 0.59 0 .2 2 O ffic e a n d a c c o u n t in g e q u ip m e n t 0 .80 1 .15 0 .2 5 4 .6 0 0.71 9 0.83 1.17 0.25 5.26 1 2.30 8.63 2 4.26 2 1.59 2 9.67 7.89 2 2.46 0 .72 8 0 .72 0 .95 P h o t o c o p y a n d re la te d e q u ip m e n t 0 .6 9 0.89 0.18 5.31 0.76 In s tru m e n ts 0.65 0.80 0.16 5.06 1 0.65 7.57 2 6.46 2 4.16 3 1.34 3.62 1 0.90 7.87 1 9.25 1 8.99 20.31 6.60 19.81 3 .6 8 10.71 7.71 18.34 18.31 18.98 6 .56 19.30 3 .8 9 1 0.87 7.68 1 8.28 1 7.89 1 9.54 6 .9 2 1 9.22 0.77 1.27 0.24 4 .35 11.31 7 .75 19.20 17.76 2 2.29 7 .60 19.49 E q u ip m e n t a n d s o f tw a r e N o n r e s id e n tia l e q u ip m e n t a n d s o f tw a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e F a b r ic a te d m e ta l p r o d u c t s 12 E n g in e s a n d t u r b in e s S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 13 14 15 16 17 0.60 0.72 0 .1 5 4 .7 6 10.14 7 .2 6 2 6.69 2 4.70 3 1.03 5 .6 2 2 0.99 G e n e r a l in d u s t r ia l, i n c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 1 0.76 1 1.64 12.47 13.19 14.15 14.89 1 5.00 1 4.63 14.03 1 3.58 13.47 1 3.85 14.57 E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 19 2.85 13.01 4 .9 9 12.91 0 .13 5 2.89 126 .47 8 .95 3.07 12.36 5.12 11.54 0.23 5 5.45 125.73 9.63 8.71 12.56 8.51 11.31 10.89 12.55 24.02 8 .50 68.55 7 .67 1.25 2 .74 1.31 3 .79 3.30 1 2.89 5.19 1 2.56 0.46 5 3.97 123 .48 10.23 9 .3 4 1 3.47 9.13 1 2.08 1 1.18 16.39 2 4.85 9 .2 6 7 0.07 7 .9 4 1.26 2 .2 9 1.37 4 .3 7 3 .56 1 3.23 5 .60 3.81 1 3.53 6 .0 9 1 3.02 1.05 52.45 121 .23 11.32 10.47 15.00 10.24 13.40 11.81 3 .9 6 12.99 3 .9 8 1 2.60 5 .9 8 1 1.84 1.09 5 1.03 112 .45 3 .90 11.27 5.61 10.04 3.84 1 1.37 5.56 1 0.55 1.05 4 5.9 6 1 01 .40 9 .1 9 9.14 1 2.55 9.00 1 0.50 8.60 2 1.63 2 0.95 7 .2 0 5 4 .0 0 7 .2 6 1.55 7.91 1 .13 4 .3 4 3 .84 3.91 1 1 .0 1 1 1 .2 2 4.11 1 1.83 I n d u s t r ia l e q u ip m e n t S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y 11 0 .2 0 0 .2 2 1 1 .1 0 5 .5 9 1 1.50 1 2 .0 0 2 1.70 7.83 2 5.89 2 3.53 30.83 6.41 2 2.23 2 5.23 2 2.93 3 0.04 6 .9 0 2 2.57 8 .27 25.09 22.53 3 0.35 7 .52 2 2.92 0.82 1.13 0.24 5.75 12.36 8.55 2 5.00 2 2.14 3 0.78 7 .9 3 2 2.96 6 .0 0 8 .0 2 5.84 1 1 .8 8 8 .46 2 2 .6 6 T r u c k s , b u s e s , a n d t r u c k t r a ile r s 21 2 .64 1 1.43 4 .7 5 A u to s 22 1 0 .2 2 A ir c r a f t 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 0 .0 9 5 1.43 1 26 .70 8 .2 8 7 .2 5 1 0.35 7 .0 9 9 .6 4 9 .8 3 7 .0 3 22.71 6.61 6 5.19 7.01 1.27 3 .9 3 41 1 .5 2 1 .6 4 1 .7 6 1 .8 6 1 .9 6 2 .0 6 2 .1 2 2 .1 5 2 .1 4 2 .1 8 2 .2 5 2 .3 7 2 .5 1 42 1 8.8 3 1 9.5 0 2 0.19 2 0 .8 4 2 1 .4 5 2 1.9 2 2 2 .1 2 2 2 .0 9 21.91 2 1 .7 4 2 1.6 3 2 1.61 2 1.71 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 2 3 .0 3 1 6.70 2 3.60 2 3.7 2 1 7.43 2 4.19 1 1.60 1 0.14 2 4.48 18.29 2 4.96 12.26 10.83 2 5.2 0 19.13 25.80 12.99 11.48 2 5 .9 5 1 9.98 26.91 1 3.77 1 2.06 2 6.6 2 20.71 2 7.76 14.49 12.51 2 6.91 2 1.06 2 7.85 14.85 1 2.74 2 6 .8 6 2 6.5 9 2 0.87 2 6.94 14.75 1 2.60 2 6.3 2 2 0.6 3 2 6.62 1 4.58 1 2.44 26.11 2 0.40 2 6.24 1 4.43 1 2.35 2 6.01 2 0.25 2 5.94 14.35 1 2.30 2 6 .0 8 2 0.26 2 5.99 14.37 1 2.30 T r a n s p o r t a t io n e q u ip m e n t S h ip s a n d b o a t s R a ilr o a d e q u i p m e n t O th e r e q u i p m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O th e r f u r n it u r e T ra c to rs F a rm tra c to rs C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t tr a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u i p m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c tu r e s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U tilitie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic lig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls P e t r o le u m a n d n a tu r a l g a s O th e r m in in g O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n tia l s tr u c tu r e s H o u s in g u n it s P e r m a n e n t s it e 1 - to - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n "F o o tn o te s t o th e T a b le s ." 20 66 67 68 69 70 71 72 73 74 75 76 77 78 79 1 .2 0 2 .3 9 1 1 .0 0 9 .5 9 8 .0 0 11.48 7 .8 2 10.43 10.35 9 .47 2 3.24 7 .58 6 6.55 7 .3 3 1.25 3 .2 8 1.25 3 .1 2 1 2 .8 8 0 .83 5 2.73 121 .75 10.85 9 .9 7 1 4.36 9.74 1 2.76 1 1.50 1 9.33 25.91 1 0 .0 0 7 3.33 8 .2 8 1.45 3 .6 9 1.46 4 .7 6 2 2 .1 0 2 6.92 10.47 74.61 8 .58 1 .73 6 .3 6 1 .53 4 .9 0 6 .2 1 1 2.07 1.11 5 2.46 118.21 1 1.26 1 0.54 14.95 10.32 13.49 11.40 2 5.52 2 6.60 10.29 7 0.34 8 .62 1.85 7.91 1.51 4 .87 1 0 .6 6 1 0.17 1 4.25 9 .9 9 1 2.78 10.35 27.11 2 4.84 9 .3 9 63.81 8 .2 6 1.80 8 .3 7 1.41 4 .7 0 2 1 .1 0 27.41 1 4.87 1 2.75 1 .0 2 4 8.43 106.47 9 .84 9 .6 0 13.27 9 .45 11.51 9 .23 2 5.06 2 2.76 8 .17 5 7.92 7.69 1 .6 6 8.19 1.25 4.48 5 .90 9 .89 1.08 4 3.59 9 7.28 8 .92 8.84 12.23 8.70 1 0.40 6 .3 9 6 .8 6 1 0 .1 2 10.94 1.05 4 1.96 9 4.13 9 .1 0 8.71 1 2 .2 0 8 .5 6 1 1.37 8 .8 6 1 0 .0 1 1 9.14 2 0 .1 1 1 8.76 2 0.24 6.67 5 3.26 7 .0 0 1.53 8.07 1.08 4.27 5 6.47 7.11 1 .5 9 8 .7 3 1 .08 4.31 6 .6 8 1.11 4 1.27 9 3.29 9.62 8 .7 9 12.36 8.63 13.24 1 1.87 2 0.44 2 1.03 7.12 6 1.00 7.62 1.78 1 0.19 1.18 4 .3 6 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 1 0.07 1 9.03 7 .9 6 3 .6 4 3 7.38 10.45 29.24 1 16 .99 43.91 157 .25 5 .3 7 2 3.15 16.08 56.81 62.01 1 1.55 1 1.48 13.02 3 2.89 1 0.64 2 0.59 9.15 3 .9 7 3 9.02 1 2.32 3 2.22 1 16 .27 4 4.74 158 .28 5.75 2 4.03 1 7.43 5 6.94 6 1.73 1 2.23 12.16 13.62 3 3.02 11.37 1 2 .6 6 10.32 4.36 40.78 14.06 35.58 1 15 .78 4 5.63 159 .50 6.13 2 4.77 19.17 57.57 61.55 12.84 12.78 14.19 3 3.17 12.05 2 3.79 11.47 4 .7 9 4 2.13 1 5.35 38.61 114 .78 4 6.45 160 .49 6 .5 4 2 5.45 2 0.79 5 8.53 6 1.44 1 3.34 1 3.28 14.72 3 3.34 13.13 2 6.39 13.96 5.67 4 3.94 17.26 4 2.59 112 .93 4 8.29 162 .37 7.85 2 6.78 2 3.35 6 3.84 6 0.67 14.42 14.36 15.72 33.43 13.38 2 7.37 1 5.25 6 .0 8 4 4.63 17.66 4 4.05 113 .28 4 8.86 162 .65 8.36 2 7.29 2 4.28 6 4.47 59.71 14.47 1 4.42 1 5.83 3 3.30 1 3.38 2 7.87 1 6.20 6.31 4 5.35 17.58 4 4.85 115 .88 4 8.8 6 161 .77 8 .55 2 7.32 2 4.68 6 5.35 5 8.50 1 4.36 1 4.30 1 5.68 3 3.02 13.23 2 7.93 16.52 6 .3 6 44.91 17.42 4 4.74 114 .32 4 8.45 160 .16 8.58 2 7.04 2 4.68 6 4.80 5 7.27 14.26 14.21 15.52 3 2.73 1 3.06 2 7.77 1 6.48 6.31 4 4.38 1 7.27 4 4.26 112 .82 4 7.94 1 58 .60 8.53 2 6.65 2 4.52 6 3.6 7 5 6.13 1 4.24 1 4.19 1 5.50 3 2.40 1 2.97 2 7.65 1 6.43 6 .2 6 4 3.92 1 7.17 4 3.75 111 .52 47.51 1 57 .23 8 .48 2 6.32 2 4.40 62.81 5 5.23 1 4.44 1 4.40 1 5.60 3 1.96 12.91 27.61 1 6.59 6 .2 3 4 3.5 8 1 7.12 4 3.4 6 110.41 47.21 1 56 .07 8 .4 7 2 6.12 2 4.44 6 2.52 5 4.60 1 4.84 1 4.80 1 5.92 3 1.4 7 1 2.92 2 7.64 1 6.89 6 .26 4 3.33 17.12 4 3.48 109 .19 4 7.10 155 .16 8 .5 3 2 6.13 2 4.59 6 3.02 5 4.13 1 5.52 1 5.48 16.45 3 0.98 1 4 .1 8 1 7.35 1 9.72 2 1.29 125 .93 18.86 10.94 1 4.8 3 18.15 2 0.63 1 5 .4 6 18.92 21.49 22.84 124 .94 20.46 13.99 1 6.03 19.61 2 2.28 2 3.49 124.55 2 1.14 15.53 1 6.4 8 2 0.13 2 2.87 2 3.99 124 .12 1 6.7 4 20.39 2 3.16 2 4.23 123 .47 2 1.93 17.21 1 6 .8 4 20.47 23.26 24.33 122.91 2 2.04 17.33 1 6 .8 4 2 0.46 2 3.25 2 4.32 122 .03 2 2.0 5 1 7.27 1 6.7 6 2 0.35 2 3.12 2 4.20 1 6 .7 0 2 0.23 2 2.98 2 4.07 1 20 .03 2 1.84 16.91 1 6.71 2 0.16 22.91 24.01 119 .20 2 1.80 1 6.75 1 6 .7 9 2 0.17 2 2.92 2 4.04 118 .56 2 1.84 1 6.69 1 6.91 2 0.23 2 2.98 24.11 118 .09 2 1.92 16.71 0 .0 0 0 .0 0 2 2 .1 0 125 .56 1 9.70 1 2.39 0 .0 0 2 2 .2 2 2 5.16 1 2 .6 8 5.21 43.05 16.38 4 0.90 113 .27 4 7.34 1 61 .43 7 .1 2 2 6.08 2 2 .1 2 6 1.40 6 1.22 1 3.93 1 3.87 1 5.30 3 3.43 2 1 .6 6 16.68 1 2 1 .0 2 2 1.95 1 7.09 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 6 .3 3 4 0.77 6 .5 6 4 5.82 6.80 5 0.58 7.04 54.07 7.28 5 6.72 7.51 5 8.80 7 .64 5 9.59 7 .6 6 5 9.25 7.69 5 8.68 7 .78 5 8.14 7 .9 6 5 7.75 8 .2 2 8.50 5 7.38 5 7.47 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 42 T a b le 2 . 5 . C h a in - T y p e Q u a n tity In d e x e s fo r D e p r e c ia t io n o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [In d e x n u m b e rs , 1 9 96 = 1 0 0 ] L in e P r iv a t e f i x e d a s s e t s E q u ip m e n t a n d s o ftw a r e N o n r e s id e n t ia l e q u i p m e n t a n d s o f t w a r e In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re C o m p u te rs a n d p e rip h e ra l e q u ip m e n t S o ftw a re 1 C o m m u n ic a tio n e q u ip m e n t In s tru m e n ts P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t In d u s tr ia l e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu r b in e s S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o r k in g m a c h in e ry S p e c ia l in d u s tr y m a c h in e ry , n .e .c . G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a n d in d u s tria l a p p a ra tu s T ra n s p o rta tio n e q u ip m e n t T ru c k s , b u s e s , a n d tr u c k tra ile rs A u to s A ir c r a ft S h ip s a n d b o a ts R a ilro a d e q u ip m e n t O th e r e q u ip m e n t F u rn itu re a n d fix tu re s H o u s e h o ld fu r n it u re O th e r f u r n it u re T r a c to rs F a rm tr a c to r s C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s M in in g a n d o ilf ie ld m a c h in e ry S e rv ic e in d u s tr y m a c h in e ry E le c tric a l e q u ip m e n t, n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n re s id e n tia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tru c tu re s N o n r e s id e n t ia l s t r u c t u r e s N o n re s id e n tia l b u ild in g s , e x c lu d in g f a r m In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa r m b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo r a tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n tia l s tr u c tu r e s H o u s in g u n its P e r m a n e n t s ite 1 - t o - 4 - u n it Fa rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p r o v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n " F o o tn o te s t o th e T a b le s ." 1938 1939 1941 1940 1942 1944 1943 1945 1946 1947 1948 1949 1950 1 9 .2 6 9 .2 2 9 .4 2 9 .8 4 9 .9 8 9 .6 4 9 .4 9 9 .6 6 1 0.2 5 1 0 .8 6 1 1.74 1 2.5 4 1 3.30 2 4 .9 9 4 .9 4 5 .1 0 5.51 5 .6 4 5 .2 8 5 .1 5 5 .3 6 5 .9 9 6 .5 5 7 .4 3 8 .2 0 8 .9 0 3 4 5 5 .0 3 0.23 4 .9 7 0 .24 5 .1 4 0.25 5 .5 5 0.28 5 .6 7 0 .2 8 5.31 0 .2 7 5 .1 8 0.27 5 .4 0 6 .0 4 0 .38 6.61 0 .4 9 7 .4 9 0.59 8 .2 7 0.67 8 .9 7 0 .73 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 6 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 1.32 1.72 0 .3 3 5.50 14.80 9 .7 2 1 .49 2 .2 6 0 .4 6 7 .28 16.27 10.92 2 7.86 17.77 4 5.46 17.86 2.23 4.57 2 0 .1 1 1.73 3.02 0.64 9.85 17.95 12.81 27.31 17.89 4 3.89 19.55 2 2.54 200 19.84 14.74 2 9.16 18.91 4 7.18 2 0.93 2 5.56 7 8 9 10 11 12 13 14 15 16 17 18 1 .1 0 1 .1 0 1 9.28 1.48 0 .27 5 .49 13.13 8 .14 2 0.19 16.86 2 6.47 12.92 19.13 1.44 0.26 4.99 13.35 8.40 1 9.39 1 6.42 2 5.00 14.37 1 8.64 1.17 1.47 0.27 4.96 13.82 8.98 2 0.04 1 6.40 2 6.80 1 5.56 18.35 2 4.12 1 7.23 3 6.67 16.53 18.82 2 7.66 2.42 5.22 1.14 14.62 2 1.77 16.95 32.29 22.62 49.52 21.15 29.30 1 5.90 15.93 15.71 16.14 17.68 19.52 2 1.33 2 3.12 2 4.09 24.47 6 .36 10.36 6 .40 8 .6 9 2 .1 4 5 2.36 85.07 1 2.99 9 .75 1 3.60 9 .58 2 2.34 2 0.52 31.25 2 9.12 1 0.18 8 0.53 8.43 9.19 8.42 4.00 56.41 8 4.86 1 6.53 11.59 16.52 11.35 2 5.89 2 4.40 3 2.15 3370 18.35 89.61 17.68 4.76 3 0.45 1.94 4.58 9.54 12.83 10.72 9.14 4 .2 9 5 6.36 8 8.63 19.37 12.58 18.44 12.29 30.51 2 9.45 3 3.42 38.81 22.67 93.41 23.60 5.58 34.84 3.47 6.30 10.42 14.27 11.82 10.72 4 .44 54.48 94.24 21.80 13.26 20.06 1 2.89 35.86 3 5.60 3 3.40 44.21 2 5.58 9 6.23 2 8.29 6.18 3 8.34 3.87 7.02 11.32 16.03 6.31 1 1.18 1.70 4 9.4 6 8 6.85 1 1.76 9.83 1 3.99 9.63 19.51 1 8.19 2 5.53 2 5.97 8 .49 7 2.47 9 .38 2 .90 1 8.04 1.75 4 .59 5.81 10.56 5.83 9.60 1.56 51.21 85.71 1 1.98 9 .67 13.64 9 .49 19.72 18.44 2 5.40 2 6.75 8 .90 7 3.06 10.24 2 .99 19.48 1.74 4 .53 7 .4 7 1 1.52 7 .9 0 9.52 3.08 5 3.19 8 4.30 14.47 10.43 1 4.59 1 0.25 2 3.74 2 1.99 3 2.08 31.01 14.11 8 7.65 1 3.88 3 .9 8 2 6.18 2.31 4.92 0.93 1.52 0.28 5.00 1 1.97 7.68 2 0.38 17.34 2 6.19 9.14 19.27 1 .04 1 .53 0 .2 8 5 .5 0 12.63 7 .9 5 2 0.73 1 7.24 2 7.28 19.54 0.85 1.44 0.27 4.76 11.61 7 .6 0 19.90 17.39 24.81 8.19 19.35 14.99 1 5.16 15.49 0 .82 1.37 0 .26 4 .66 1 1.56 7.71 19.78 1 7.59 2 4.15 8.01 11 .0 1 8 .8 8 8 .0 0 8 .2 0 1.97 1 1.60 1.27 4.29 2 .08 1 2.49 1.31 4 .23 41 2 .6 3 2 .7 4 2 .8 8 3 .0 9 3 .2 3 3 .1 8 3 .0 3 2 .9 0 2 .9 8 3 .3 8 3 .8 9 4 .3 5 4 .8 5 42 2 1.81 2 1.8 9 2 2.0 6 2 2 .2 9 22.41 2 2.31 2 2 .1 8 2 2.13 2 2.41 2 3.0 3 2 3 .7 5 2 4.49 2 5.30 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 2 6.1 6 2 0.24 2 5.97 1 4.36 1 2.30 2 6.1 5 2 0.14 2 5.70 14.30 12.24 2 6.2 2 2 6 .3 7 2 0 .1 0 2 0 .2 1 25.66 1 4.29 1 2.19 2 6.10 1 4.32 1 2.17 2 6.42 2 0.18 2 6.35 14.21 1 2.07 2 6 .2 2 19.87 2 5.94 13.95 11.82 26.01 1 9.46 25.41 1 3.66 1 1.54 2 5.96 19.21 2 5.27 13.45 1 1.30 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 12.91 2 7.74 1 7.14 6.33 4 3.18 1 7.15 4 3.84 Ï 0 7.95 4 7.02 154 .06 8.63 2 6.34 2 4.66 6 3.09 5 3.69 16.22 16.21 16.78 30.53 12.85 2 7.86 17.36 6.39 43.05 17.21 44.44 106 .39 4 6.92 152.84 8.71 2 6.56 2 4.64 6 3.48 5 3.25 1 6.73 1 6.73 1 7.02 3 0.07 12.80 2 8.03 1 7.64 6.45 4 2.76 1 7.30 4 4.72 104 .40 4 6.98 151 .82 8.84 2 6.97 2 4.73 6 4.90 5 2.79 1 7.27 1 7.27 17.58 2 9.64 12.78 2 8.24 18.01 6.54 4 2.39 1 7.38 4 4.68 102 .50 4 7.03 150.98 907 2 7.09 2 5.00 6 6.24 5 2.33 1 7.90 17.90 18.37 2 9.23 12.67 2 8.25 1 8.17 6 .60 4 1.85 17.31 4 4.23 100 .67 4 7.14 150 .37 9.31 2 7.30 2 5.20 67.38 5 1.92 18.29 18.25 19.26 2 8.76 12.41 27.91 18.00 6.57 4 1.39 1 6.99 43.21 100 .64 4 7.10 150.06 9.37 2 7.23 2 5.18 6 8.16 5 1.55 1 8.36 1 8.28 2 0.08 28.21 1 2.1 1 1 1 .8 6 2 7.47 1 7.74 6.52 4 0.50 16.61 4 2.09 9 8.79 4 7.10 150.30 9.33 2 7.02 2 5.36 6 8.74 5 1.27 1 8.55 18.44 2 0.73 2 7.64 2 7.12 17.61 6.53 3 9.77 1 6.29 4 1.14 97733 4 7.24 150 .76 9.35 2 6.95 2 5.82 6 8.77 5 0.96 18.96 18.85 2 1.17 27.11 2 7 .2 7 2 0.23 2 7.90 14.21 11.82 0.63 12.33 2 7.68 19.52 6.93 3 8.55 16.14 4 0.84 9 2.09 4 8.53 149 .78 10.91 2 8.60 2 8.39 6 9.76 5 5.89 2 0.96 2 0.94 2 1.98 2 6.12 2 8.3 9 20.81 2 8.29 14.70 12.44 0 .0 0 2 6.7 3 19.90 2 7.18 13.97 11.60 0.31 12.13 27.18 18.64 6.77 38.77 16.22 4 0.76 93.11 4 7.76 150.33 27.81 20.51 2 8.17 14.42 0 .0 0 2 6.2 3 1 9.47 2 6.03 1 3.62 1 1.37 0 .08 1 1.92 2 7.02 1 7.94 6.62 3 9.48 16.21 4 0.82 9 6.55 4 7.29 150 .77 9 .58 26.66 2 6.27 6 8.42 5 1.90 1 9.46 1 9.37 2 1.40 2 6.70 1 7.0 4 20.31 2 3.07 24.21 117 .60 2 2.04 16.74 1 7.2 3 2 0.48 2 3.27 2 4.42 117 .14 2 2.26 1 6.84 1 7.5 0 2 0.76 2 3.59 2 4.77 117.01 2 2.63 16.98 1 7.81 21.09 23.96 25.20 117 .18 23.06 17.05 18.01 2 1.30 2 4.20 2 5.47 117 .25 2 3.33 1 7.18 1 8.0 2 2 1.32 2 4.22 2 5.46 117.01 2 3.33 1 7.33 1 7.9 8 2 1.28 2 4.18 2 5.36 116 .60 2 3.24 17.60 1 7.9 3 2 1.19 2 4.07 2 5.25 116.01 2 3.14 1 7.53 1 8.95 2 1.97 2 4.88 2 6.14 116.14 2 4.05 17.83 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 odd 8 .98 5 7.34 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 9 .24 57.46 9.51 57.52 9.69 57.21 9.70 5 6.33 9.67 5 5.28 974 5 4.38 1 8.21 2 1.37 2 4.26 2 5.47 116 .18 2 3.36 1 7.50 0.06 0.03 0.06 1 0.30 5 4.05 66 67 68 69 70 71 72 73 74 75 76 .... 7 7 .... 78 79 1 .2 2 4 1.53 91.94 1 0.0 1 8.75 5 7.32 6 9.02 9.01 2.72 1 6.79 1.67 4.51 21 .1 1 12.55 8.71 1 5.66 1 4.32 2 2.35 2 2.58 7.57 6 1.48 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 9.91 ....... 1 4.16 9.70 2 0.38 18.93 2 7.14 2 5.65 8.51 7 3.65 9.25 2.91 18.02 1.78 4.65 5.50 1 .0 0 13.58 20.97 16.01 3 0.74 2 0.44 4 8.95 8 .8 6 22 8 .2 2 5 .39 13.50 7 .25 13.88 1.87 4 6.57 8 7.58 1 2 .1 0 1 2.52 8.69 1 4.82 1 3.45 2 1.83 2 2.04 7.46 6 2.15 21 4 .30 12.46 6 .92 12.13 5 .1 2 1 3.46 7 .4 6 1 3.74 1 .85 4 4.0 3 8 7.00 11.30 9 .5 7 13.62 9.38 18.96 17.54 25.71 24.13 3.86 0.84 4.72 1 2.30 7.01 1 1.97 1.58 4 1.97 8 6.65 10.52 9.08 12.81 8.91 1 6.77 1 5.43 2 3.30 22.91 7 .79 6 2.74 8.54 2 .35 14.34 1.46 4 .30 19 20 4 .4 4 1 1.94 6.82 1 1.34 1.33 4 1.64 8 9.04 10.18 0.31 1 1 .8 6 1 1 .6 6 1 1 .6 6 3.40 2 2 .6 6 1 1 .6 6 2 .8 6 5.55 1 0 .1 2 2 7.42 2 7.12 6 8.60 5 4.02 2 0.08 2 0 .0 2 2 1.64 26.41 0 .2 2 0 .1 0 0.23 11.40 54.02 1 9.8 6 2 2.73 2 5.67 2 7.02 116 .40 24.95 18.10 0.45 0.19 0.48 12.72 5 3.85 1 2.1 1 0.89 12.62 2 8.78 20.61 7 .1 7 3 8.54 16.14 4 1.55 9 1.10 4 9.40 149.15 1 2 .6 8 13.14 4.62 5 3.50 9 8.18 2 3.52 13.88 2 1.84 13.42 4 0.74 4 1.48 3 1.84 4 8.84 2 6.88 9 7.35 3 0.55 6.84 4 2.55 4.27 7.60 1 .1 2 22.05 22.26 25.83 12.94 3 0.30 21.82 7.67 3 8.62 16.17 4 2.36 9 0.30 5 0.25 148.34 12.16 31.55 31.96 72.31 59.18 23.22 23.33 22.61 2 5.67 20.81 2 3.53 2 6.52 2 7.96 116.80 2 5.89 1 8.53 0.63 0.27 0.67 14.03 5 3.86 2 1 .8 5 2 4.50 2 7.59 29.14 116 .98 2 7.09 18.99 0.75 0.31 0.80 15.25 53.91 1 1 .6 6 3 0.04 29.91 7 1.09 57.57 2 2 .0 1 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 43 T a b le 2 . 5 . C h a in - T y p e Q u a n tity In d e x e s fo r D e p r e c ia t io n o f P r iv a t e F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [In d e x n u m b e rs , 1 9 96 = 1 0 0 ] L in e P riv a te fix e d a s s e ts E q u ip m e n t a n d s o ftw a re 1 1951 1 4.02 1952 1 4.53 1953 1 5.11 1954 1 5 .7 2 1955 1 6 .4 4 1956 1 7.1 5 1957 1 7.7 8 1958 1 8 .2 0 1959 1 8.5 6 I9 6 0 1 9.1 6 1961 1962 1963 1 9.6 8 2 0.3 0 2 1 .0 7 2 9 .5 3 9.91 1 0.3 6 1 0.8 3 11.41 1 1.9 4 1 2.3 8 1 2 .6 0 1 2 .7 6 1 3 .1 7 1 3.4 8 1 3.9 0 9 .6 0 0.80 1 4 .4 8 9 .9 7 1 0.8 9 1.04 1 1.4 7 1 2 .0 0 1 .2 0 1 .43 12.81 1.52 1 3.21 1 61 0 .0 0 1 3.51 1.73 1 3 .9 3 1 84 1 4.51 1.11 1 2.4 4 1.32 1 2 .6 6 0 .8 8 1 0.4 3 0.97 C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t 3 4 5 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 S o ftw a re 1 0 .0 0 0 .0 0 0 .0 0 0 .0 0 6 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 1 7 3.71 7 .8 5 1 .83 18.88 2 6.87 2 3.27 3 6.30 3 3.05 4 3.00 2 7.68 3 4.35 4.01 8.25 2.04 19.82 28.34 24.80 39.48 36.50 4 5.76 2 9.73 35.21 4.41 5 .3 4 9 .9 0 2 .54 26.11 3 2.5 0 2 9.00 4 7.99 4 4.55 5 5.15 3 4.00 3 8.36 2 7.68 3 3.68 2 9.94 4 9.79 47.11 5 5.36 3 3.93 38.81 7 .16 10.16 3 .1 7 2 8.62 3 5.23 3 0.83 5 1.20 5 0.60 5 2.43 3 4.65 4 0.59 0 .1 7 8 .1 5 2.23 21.31 2 9.88 2 6.08 4 2.29 3 8.86 4 9.48 3 1.49 36.54 4.90 9.48 2.42 2 3.69 3 1.46 2 7.57 4 5.26 4 1.39 5 3.37 33.35 37.74 5.74 1 0.04 1.42 16.86 2 4.06 1 9.77 33.28 27.04 4 5.18 2 3.37 3 2.54 3 .3 5 7 .3 9 1.61 17.92 2 5.36 21.51 3 3.98 2 9.83 42.31 2 5.17 33.56 0 .04 6.34 10.08 2.90 2 8.59 3 4.47 3 0.49 5 0.88 4 9.03 5 4.69 3 4.27 3 9.64 0 .1 1 2.95 3 .5 0 2 7.69 35.91 3 0.9 4 51.11 5 1.6 9 5 0.05 3 4.9 6 4 1.5 3 0.29 9 .0 9 1 0.28 4 .16 2 6.89 3 6.83 3 1.05 5 1.37 52.41 4 9.47 4 2.55 P r e s i d e n t i a l e q u ip m e n t an d s o ftw a re I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e F a b r ic a te d m e ta l p r o d u c t s 12 E n g in e s a n d t u r b in e s S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 13 14 15 16 17 2.64 5.93 1.28 15.79 2 2.89 18.18 3 3.17 2 4.72 4 8.55 2 2.05 3 1.13 G e n e ra l in d u s t r ia l, i n c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 2 4.94 2 5.36 25.92 2 6.74 27.81 29.15 3 0.42 3 1.25 3 4.14 3 4.93 3 5.73 3 6.48 3 7.59 19 1 2.47 1 7.29 13.75 1 4.50 4.63 53.41 13.89 1 7.34 14.26 13.89 4.96 5 5.17 105 .60 2 6.38 15.55 2 4.86 15.00 4 9.13 4 8.40 4 7.42 56.21 3 0.19 106.42 3 2.47 7.79 4 6.74 5.05 8 .32 15.44 17.84 14.23 14.57 5 .55 5 8.13 108.16 27.43 16.16 2 6.19 15.56 5 1.68 49.84 55.85 58.47 3 1.56 1 6.98 1 8.57 1 4.12 15.92 6 .0 5 5 9.73 108 .30 28.11 1 6.78 27.57 16.13 5 2.55 5 0.04 6 0.18 59.71 3 1.97 111 .49 3 4.80 18.49 19.84 14.35 1 8.20 6.29 5 9.70 107.02 2 8.96 17.70 29.32 17.00 5 3.53 5 0.20 65.31 6 0.76 32.51 114.41 36.02 8.18 50.54 5.15 9.34 2 0.08 2 0.46 14.93 18.84 6 .82 5 9.92 106 .90 3 0.15 1 8.77 3 1.36 1 8.00 5 5.25 5 0.40 7 4.28 6 1.34 3 4.07 119 .99 3 7.59 8 .5 8 5 2.56 5.44 9.84 2 1.80 20.61 15.19 18.59 8 .08 6 1.52 108.42 3 1.03 19.64 3 3.04 18.81 5 5.69 4 9.65 8 0.17 6 1.16 3 5.32 124 .49 3 8.93 8.96 5 4.37 5.74 1 0.34 2 3.2 7 2 0.15 1 4.97 1 7.63 9.12 6 3.9 9 108 .25 3 1.60 2 0.33 34.21 1 9.48 5 5.74 4 9.74 8 0.03 6 1.96 3 5.9 7 123 .95 3 9.52 9 .0 7 5 4.83 5.82 1 0.90 2 4.43 1 9.60 14.21 1 7.13 1 0.89 6 5.96 104 .19 3 1.94 2 6.90 2 0.58 14.77 1 8.15 1 4.70 6 7.73 101 .56 3 2.92 2 2.32 3 5.59 2 1.53 5 5.07 5 0.10 74.85 64.66 3 8.29 115 .74 3 9.60 7.91 3 3.19 6 .35 1 3.82 2 8.10 2 1.40 1 5.50 19.01 16.09 16.65 1 9.90 1 6.73 6 8 .0 1 6 8 .0 0 100 .34 3 3.4 2 2 2.9 0 3 5.49 2 2.17 5 4.5 7 4 9.93 7 2.94 6 4.73 3 8.43 112 .35 3 9.92 8 .5 6 3 5.66 6.89 1 5.00 100 .32 3 4.44 2 3.72 35.61 23.05 55.33 50.79 73.22 3 9.50 6.87 25.71 5 .7 7 11.72 25.64 2 0.30 14.47 18.03 13.14 6 7.17 102.94 3 2.56 21.71 3 5.55 2 0.87 5 6.60 5 1.26 7 7.94 6 4.55 3 8.12 118 .92 3 9.50 7.34 3 0.05 5.95 1 2.74 3 9.72 111 .38 4 0.4 4 9.56 3 9.54 7 72 1 6.36 1 2 .0 0 In s tru m e n ts 8 P h o t o c o p y a n d r e la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u ip m e n t 10 I n d u s t r ia l e q u ip m e n t S te a m e n g in e s In te r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y t i e c t n c a i t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k tr a ile r s 11 20 21 A u to s 22 A ir c r a f t 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O t h e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r f u r n it u r e T r a c to r s F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n t ia l e q u ip m e n t 1 0 1 .6 8 2 5.07 1 4.70 23.51 1 4.18 4 5.29 45.91 36.53 52.88 2 8.47 1 0 1 .2 1 3 1.79 7 .46 4 5.80 4 .73 8.01 6 .6 8 1 10 .1 1 3 3.64 7.95 4 8.02 5.12 8.64 8 .0 1 4 9.3 3 5 .05 8 .9 5 8 .8 6 2 .6 6 2 1 .0 2 3 5.07 2 0.16 5 6.84 5 1.18 79.61 6 3.68 3 7.10 1 2 1 .0 0 1 0 .2 0 41 5 .3 6 5 .8 0 6 .2 2 6 .6 4 7 .1 0 7 .6 6 8 .2 2 8 .7 8 9 .4 5 1 0 .1 5 1 0.7 5 1 1 .3 4 42 2 6 .1 8 2 7.03 2 7 .9 0 2 8.8 4 2 9.8 9 3 1 .0 4 3 2 .1 6 3 3 .1 8 3 4.1 9 3 5.31 3 6.4 4 3 7 .6 0 3 8.8 4 3 0 .5 9 22.29 30.80 15.40 13.29 2 .23 13.73 3 4.68 2 5.85 9 .57 38.81 16.23 4 2.14 9 1.39 52.71 146 .00 1 3.59 3 5.76 3 8.22 7 6.64 63.51 2 7.94 2 8.33 2 4.04 2 5.02 3 1.4 5 22.91 3 1.64 1 5.73 1 3.85 2.64 1 4.29 3 6.52 2 7.72 1 0.05 3 9.02 1 6.43 42.25 9 1.77 53.53 145 .09 14.16 3 7.36 3 9.77 7 8.33 6 4.63 2 9.94 3 0.45 24.51 2 4.93 3 2.40 2 3.69 3 2.50 16.27 14.75 3.18 15.18 3 8.86 29.67 10.54 3 9.26 16.72 4 2.59 9 1.70 5 4.20 143 .99 14.79 3 8.67 41.34 78.66 65.60 32.17 32.83 24.88 2 4.93 3 4 .5 8 2 5.79 3 5.25 17.92 17.00 4.85 17.41 44.21 3 3.36 1 1.58 3 9.78 17.64 4 3.65 9 0.45 5 5.79 1 41 .66 1 6.69 4 1.28 4 5.28 7 8.02 6 7.37 3 6.20 3 7.14 2 5.38 2 4.95 3 5.5 3 2 6.7 5 3 6.4 0 18.81 1 7.89 5 .8 0 1 8.29 4 6.9 9 3 5.1 7 1 2.38 3 9.95 1 8.32 4 4.66 8 8.15 5 6 .5 7 140 .20 17.55 4 2.84 4 7.0 7 7 7.8 2 6 8.0 9 3 7.7 3 3 8.76 2 5.75 2 5.0 6 3 7 .2 6 2 8.14 3 7.75 2 0.62 3 8.2 3 2 9.34 3 8.74 2 1.64 2 1.28 8.64 2 1.64 4 9.79 3 5.66 1 3.40 4 2.50 2 2.24 4 7.93 66 2 9.82 2 1.79 2 9.83 15.22 13.01 1.81 1 3.47 3 3.30 24.41 9.03 3 8.80 1 6.16 42.41 9 1.13 5 1.84 146 .73 1 3.05 3 4.15 3 6.60 7 4.55 6 2.15 2 6.18 2 6.46 23.51 25.19 3 6.3 4 2 7.10 3 7.00 19.70 1 8.85 6 .77 19.23 4 4.03 32.41 1 1.77 3 9.65 19.18 4 2.99 O th e r m in in g 2 9.0 8 2 1.28 2 8.84 1 5.03 12.81 1.44 1 3.29 31.91 23.11 8.36 3 8.68 1 6.18 4 2.67 9 0.14 5 1.06 147 .48 1 2.59 32.85 34.50 73.34 6 0.69 2 4.63 2 4.82 2 3.07 2 5.47 3 3.4 7 24.69 33.72 17.05 15.93 3 .93 16.36 4 1.47 3 1.54 P e t r o le u m a n d n a tu r a l g a s 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 3 9.2 2 30.61 3 9.67 22.71 2 2.74 9 .6 8 2 3.10 5 2.66 3 7.5 4 1 4.59 44.01 2 4.00 5 0.32 8 5.9 2 5 8.66 132 .93 2 0.64 4 7.32 5 4.19 7 6.2 9 7 4.02 4 2.43 4 3.57 2 9.28 3 5.1 9 4 0 .2 3 3 1.90 4 0.59 2 3.78 2 4.20 1 1.26 2 4.54 5 5.42 3 9.48 1 5.94 4 5.69 2591 5 2.76 8595 5 9.07 131 .09 2 1.44 48.21 5 5.50 7 7.04 75.81 4 3.43 4 4.55 30.41 3 5.43 2 2.9 3 2 5.55 2 8.74 3 0.44 1 16 .88 2 8.43 19.26 2 3.8 9 2 6.43 2 9.68 3 1.54 116 .58 2 9.56 1 9.33 1 .06 0.43 1.13 17.66 5 3.92 2 4 .8 7 2 7.29 3 0.60 32.61 116 .09 3 0.67 19.41 1.29 0.51 1.37 18.92 5 4.14 2 5 .8 9 2 8.23 3 1.60 3 3.76 115 .53 3 1.86 1 9.50 1.53 0 .6 0 1.63 2 0.19 5 4.70 2 7.0 5 2 9.34 3 2.77 3 5.13 114.73 3 3.28 19.58 2 9.41 31.48 34.91 3 7.62 1 13 .05 3 5.86 19.80 3 .0 7 3 0.51 3 2.42 3 5.83 3 8.58 3 5.8 0 3 7.07 4 0.53 4 3 .0 2 109 .63 4 1 .4 7 2 6.65 6 .3 4 3 7.31 3 8.52 42.01 4 4.22 109 .14 42.71 2 9.67 7 .2 7 2.35 7.79 3 3.98 8 2.74 S tru ctu res N o n r e s id e n t ia l s tru c tu re s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c i a l 3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s t it u t io n a l b u ild in g s O th e r H o te ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic lig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls O th e r n o n fa rm s t r u c t u r e s 5 R e s id e n t ia l s tru c tu re s H o u s in g u n it s P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O t h e r r e s id e n t ia l6 S ee th e s e c tio n "F o o tn o te s to th e T a b le s ." 67 68 69 70 71 72 73 74 75 76 77 78 79 0 .8 8 0.37 0 .9 3 16.45 5 3.93 1 .8 6 0.72 1.98 2 1.50 5 5.44 1 1 .0 0 3 9.47 17.12 4 3.04 9 1.07 5 4.94 142 .87 15.67 3 9.87 4 3.28 7 8.30 6 6.52 3 4.34 3 5.15 2 5.19 24.92 2 8.2 7 30.48 33.94 36.49 113.85 3 4.69 19.65 2 .40 0 .90 2 .56 2 2.90 5 6.57 1 .1 0 3 .27 2 4.38 5 8.12 1 1 2 .2 1 3 6.8 7 2 0.45 3.71 1 .3 0 3 .9 7 2 5.83 6 0.3 7 2 0 .0 1 5 7.20 138 .48 18.31 4 4.22 4 8.94 7 7.47 6 9.18 3 9.09 4 0.17 26.44 34.75 7.77 2 0.37 4 6.88 3 3.96 12.51 4 0.95 2 0.55 4 5.40 8 6.44 5 7.77 1 36 .70 1 9.13 4 5.36 5 0.87 77.01 7 0.75 4 0.29 41.41 2 7.27 3 4.85 5 8.26 134 .84 19.92 4 6.39 5 2.63 7 6.45 7 2.35 4 1.34 4 2.47 2 8.22 3 5.04 3 1 .7 6 3 3.55 3 6.96 3 9.69 111 .49 3 8.02 2 1.72 4 .3 6 1 .53 4.66 2 7.34 6 3.25 3 3 .1 3 3 4.77 3 8.19 4 0.90 1 10 .82 3 9.27 2 3.09 5 .0 2 1.76 5 .37 29.04 66.14 3 4.4 4 3 5.86 39.31 4 1.95 110 .19 4 0.36 2 4.54 5.64 1.92 6.03 3 0.80 6 9.65 8 6 .8 6 8 6 .2 0 2 .1 0 6 .7 9 3 2.4 4 7 5.6 7 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 44 T a b le 2 . 5 . C h a in - T y p e Q u a n tity In d e x e s t o r D e p r e c ia t io n o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu re s ; b y T y p e — C o n tin u e d [In d e x n u m b e rs , 1 9 9 6 = 1 0 0 ] L ine 1964 1965 196 6 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1 2 22.00 2 3.26 24.81 2 6.2 7 2 7 .7 2 2 9 .3 4 3 0 .8 4 3 2 .3 0 3 4.51 3 6.22 3 8 .2 4 3 9.8 5 4 1.40 15.21 16.31 1 7.7 5 1 9.0 9 2 0.4 4 2 1 .9 7 2 3.3 6 2 4.6 3 2 6.21 2 8.29 3 0.5 2 3 2.1 8 3 3 .6 6 1 5.2 5 1 6 .3 4 2.46 1 7 .7 9 2.82 1 9 .1 4 3 .22 C o m m u n ic a t io n e q u ip m e n t 7 In s tr u m e n ts 8 P h o t o c o p y a n d r e la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u ip m e n t 10 11 12 S p e c ia l i n d u s t r y m a c h in e r y , n .e .c . 13 14 15 16 17 0.61 10.77 10.85 7.10 26.61 4 0.07 3 2.58 5 2.99 5 3.30 5 2.42 3 9.48 4 6 .10 0.84 11.83 11.36 9 .10 2 7.74 4 2.75 3 4.20 5 4.74 5 4.00 5 6.07 4 2.89 4 9.27 1.13 12.98 12.09 10.81 2 9.37 4 5.58 3 5.93 5 7.53 56.01 6 0.32 4 7.46 5 2.00 3 1.56 5 7.24 5 6.29 7 8.29 8 1.38 7 1.46 6 1.12 6 0.75 28.31 6.47 0.15 4.23 2 0.98 18.96 2 3.63 3 3.09 5 9.37 6 0.60 83.78 8 7.76 7 5.03 63.41 6 2.74 3 2.1 8 0 .44 9.89 1 0.49 5.42 26.61 3 8.13 3 1.54 5 2.04 5 2.90 5 0.48 3 7.29 4 3.79 2 4.6 7 5 .17 0 .08 2 .94 1 8.47 1 6.08 1 7.24 3 2.00 5 5.14 5 1.97 7 3.65 7 5.00 7 0.49 6 0.09 5 9.39 3 0.5 3 7.36 6 2 3.4 0 4.60 0.06 2.34 16.98 14.95 15.14 3 2.40 5 3.08 46.71 6 9.62 6 9.30 6 9.96 5 8.37 5 7.90 2 6 .2 4 5.75 S o ftw a re 1 2 0.4 9 3.59 0.03 1.42 14.11 12.96 12.04 3 0.20 4 8.07 3 8.13 6 1.08 5 9.60 6 3.75 5 1.85 54.01 22.02 C o m p u t e r s a n d p e r ip h e r a l e q u i p m e n t 3 4 5 3 2.16 41.18 64.61 69.81 93.81 9 8.56 8 3.43 6 9.58 6 5.85 3 3 .6 4 9.03 0.32 6.50 2 5.08 2 4.63 3 6.44 4 4.02 6 6.17 7 4.73 96.24 1 0 1 .43 84.95 7 0.90 6 5.84 G e n e r a l in d u s t r ia l, i n c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 3 9.23 4 1.33 4 3.84 4 6.06 4 7.56 49.11 50.82 5 2.13 5 4.78 5 5.35 57.52 5 9.27 6 0.67 3 8.66 31.61 2 5.86 26.41 3 5.24 4 0.46 3 4.59 28.61 28.62 42.31 75.83 114 .77 4 7.57 3 2.28 4 5.47 3 1.60 7 7.29 7 1.95 98.01 82.22 6 1.07 122 .13 5 3.65 1 6.47 7 4.38 1 2.83 2 5.33 42.30 36.05 3 0.89 2 8.57 46.51 7 9.05 116 .97 4 9.73 3 3.74 5 1.80 32.71 7 8.90 7 3.34 100.51 86.81 63.91 124 .89 5 6.13 1 7.34 7 9.26 1 3.43 2 6.99 43.91 3 7.30 3 2.55 2 9.20 4 8.03 8 1.82 118 .07 5 1.74 3 4.78 5 9.78 3 3.24 7 9.97 7 4.53 1 01 .07 9 1.55 6 5.99 131.41 58.31 1 8.30 8 3.65 1 4.18 2 8.76 4 5.43 3 9.96 3 5.57 3 1.64 4 9.16 85.28 118 .97 54.06 36.16 69.03 34.05 8 2.48 7 6.93 104.01 96.51 6 8.52 135 .78 6 0.36 19.81 8 9.86 1 5.40 3 0.70 4 7.42 43.82 40.21 34.59 52.92 91.44 119 .84 5 7.66 3 8.22 7 8.63 3 5.58 89.51 83.41 113 .19 104 .87 7 2.89 139.43 6 2.55 2 1.99 99.01 17.14 3 3.16 4 9.94 4 6.93 4 4.85 3 5.89 5 6.40 9 7.89 1 21 .73 61.51 3 9.89 85.91 3 6.87 9 7.93 9 0.53 1 26 .76 1 10 .82 7 8.60 149.31 64.51 2 4.49 1 07 .52 19.29 3 6.20 5 2.10 4 8.12 4 6.95 3 5.76 5 8.06 104 .19 123 .75 6 4.62 4 0.54 88.41 3 7.39 104 .72 9 6.18 137.99 118.02 82.39 166.01 64.71 2 6.98 1 11 .89 21.71 3 8.54 53.65 4 9.78 4 8.08 3 7.87 58.82 111 .09 124.21 66.90 40.88 89.52 3 7.69 110 .08 101 .46 143.71 123 .96 83.49 184 .35 6 4.10 2 9.34 116 .64 2 3.97 4 0.43 P riv a te fix ed a s s e t s E q u ip m e n t a n d s o f tw a r e N o n r e s id e n tia l e q u i p m e n t a n d s o f tw a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a t u s T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a il r o a d e q u i p m e n t O th e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O th e r f u r n it u r e T ra c to rs F a rm t r a c t o r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O t h e r n o n r e s id e n t ia l e q u i p m e n t R e s id e n tia l e q u ip m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c tu r e s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m O t h e r c o m m e r c ia l 3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l i g h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a rm r e la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls O th e r n o n fa rm s t r u c t u r e s s R e s id e n tia l s tr u c t u r e s H o u s in g u n it s P e r m a n e n t s it e 1 - to - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s i d e n t i a l 6 S ee th e s e c tio n "F o o tn o te s to th e T a b le s ." 3 6.75 2 9.19 2 3.95 2 4.62 2 7.79 7 0.64 110 .56 4 3.59 2 9.42 3 8.77 2 8.99 7 1.94 6 5.66 9 6.79 7 5.59 54.55 124 .43 48.75 15.00 64.39 11.92 5595 0.11 3.55 1 9.66 1 7.36 20.01 0.20 4.95 2 2.53 2 0.96 2 7.82 3 7.44 6 2.35 6 5.33 8 9.54 9 3.73 8 0.33 6 6.99 6 4.87 0.25 5.73 23.85 22.86 8.79 17.84 21.22 22.68 1 3.62 1 4.5 3 15.41 1 6.4 8 1 7.9 3 1 9.6 3 2 1 .5 9 2 4.0 4 2 7.0 2 3 0.1 2 3 2 .8 2 3 5.2 4 42 4 0 .1 8 4 1 .6 6 4 3 .2 0 4 4 .6 8 4 6.1 5 4 7.71 4 9.2 7 5 1.0 4 5 4.8 7 5 5.32 5 6.5 9 5 7 .9 5 5 9.5 8 43 44 4 1 .3 2 3 3.30 4 1.69 2 4.90 25.61 1 3.17 2 5.92 5 7.98 4 1.46 17.47 47.81 2 8.04 5 4.89 4 2.6 6 3 5.08 4 3.50 2 6.09 2 7.39 1 5.00 2 7.68 6 0.74 4 3.55 19.21 50.35 30.00 56.73 9 3.00 6 0.28 127 .77 2 3.48 5 0.18 5 9.03 7 7.44 4 4.2 3 37.20 46.24 2 7.26 2 9.44 16.80 2 9.73 6 3.59 45.91 2 0.94 5 2.93 3 1.69 5 8.24 9 9.32 6 1.14 126 .36 2 4.65 5 1.34 6 1.54 7 7.07 8 1.00 46.21 47.31 3 3.70 3 6.86 4 5 .7 7 39.24 4 9.07 2 8.35 3 1.36 18.61 31.64 66.03 4 8.59 2 2.53 5 5.12 3 3.13 5 9.28 105 .02 6 2.20 125 .05 2 5.80 52.88 64.21 77.73 82.96 46.86 47.93 3 4.67 3 7.50 4 7 .2 4 4 1.08 5 1.48 29.51 3 3.29 20.18 3 3.57 6 8.17 5 1.34 2 4.12 5 6.60 3 4.42 59.90 108 .14 63.51 123 .85 26.92 5 4.88 6 7.27 7 9.49 8 4.85 47.41 4 8.43 3 5.82 38.21 4 8 .7 5 4 2.96 5 3.84 3 0.88 35.41 2 1.28 3 5.72 69.98 53.89 26.09 5 7.58 3 5.86 6 0.52 108 .44 6 4.90 122 .79 2 8.23 5 6.97 7 0.43 8 0.65 8 6.46 48.01 4 8.96 3 7.33 39.21 5 0.2 9 44.86 56.15 3 2.30 3 7.59 2 1.98 3 7.93 7 1.35 5 5.84 28.51 5 8.58 3 7.47 6 1.30 1 08 .20 6 6.34 121 .67 2 9.94 5 9.13 7 2.84 8 1.22 8 8.07 4 8.53 4 9.38 3 9.12 4 0.55 5 1.8 8 4 6.89 5 7.97 3 3.75 4 0.90 2 2.38 4 1.32 7 2.30 5 7.43 3 1.1 9 5 9.43 3 9.08 6 1.99 1 07 .38 6 7.80 120.51 3 1.85 6 1.37 7 4.73 8 2.46 89.61 4 8.8 0 49.51 4 1.08 42.01 55.11 51.71 6 6.55 3 5.40 4 7.49 2 2.56 4 8.08 72.96 58.97 34.05 60.51 41.28 62.74 106 .03 6 9.35 119 .42 33.81 6 3.80 7 6.52 8 3.50 9 1.64 4 9.05 4 9.60 43.11 4 3.27 5 5.6 3 5 1.42 6 1.73 3 7.20 4 8.34 22.76 48.95 73.47 60.27 3 6.86 62.01 4 4.24 6 3.78 104.45 7 1.07 118 .40 3 5.96 6 6.46 7 8.44 83.88 97.05 4 9.98 50.42 45.31 4 4.32 5 6.4 7 5 2.00 6 2.19 3 8.97 4 7.22 2 3.43 4 7.78 7 3.87 6 1.02 3 9.43 6 3.13 4 6.55 6 4.74 1 02 .83 7 2.68 1 17 .43 38.11 6 8.76 8 0.07 8 5.74 9 4.07 5 1.80 5 2.13 4 8.34 4 5.26 5 8.0 2 5 3.43 6 4.00 4 0.32 4 8.86 2 4.43 4 9.4 3 7 4.17 6 1.27 4 1.74 6 3.4 0 4 7.5 0 6 5.26 1 01 .07 7 4.02 116 .37 3 9 .9 0 7 0.63 8 0.97 9 2.09 9 6.55 5 4.2 3 5 4.45 5 2.38 4 6.12 5 9.60 54.75 6 6.14 4 1.28 5 0.29 2 5.65 5 0.87 7 4.39 61.42 43.95 63.28 47.70 6 5.78 99.31 7 5.35 115.41 41.41 7 2.43 8 1.29 103 .54 9 9.40 5 7.07 5 7.14 5 7.55 4 6.97 4 2 .1 2 4 3.38 4 6.74 4 3 .5 2 4 4.73 4 7.97 4 9.19 107.99 4 7.82 4 1.20 1 4.34 4 .2 4 1 5.40 3 9.78 113 .08 4 4.9 9 4 6.22 4 9.29 5 0.32 107.89 4 8.98 4 3.60 17.18 4 .97 18.46 4 1.16 117 .66 4 6.61 4 7.99 5 0.80 5 1.50 107.75 5 0.19 4 6.94 4 8.2 0 4 9.73 52.24 52.55 107 .48 5 1.27 5 0.62 2 5.12 7.04 2 7.02 4 3.72 122 .16 50.21 5 2.06 5 4.29 54.21 107 .22 5 2.9 8 5 4.80 29.81 8 .37 3 2.0 6 4 5.0 9 122.15 5 4.7 6 58.21 6 0.40 6 0.44 107.16 5 9.35 6 0.24 36.10 10.37 38.81 4 6.52 121 .16 5 5.1 4 5 8.14 5 9.60 58.40 107.18 57.27 66.39 43.30 13.15 46.47 47.81 119.85 5 6 .9 4 6 0.24 6 1.33 5 9.58 107 .45 5 8.46 7 1.2 7 4 9.03 1 6.72 5 2.43 4 9.07 118 .50 5 8.0 5 6 1.18 6 2.06 6 0.05 107.71 5 8.94 7 3.4 3 5 2.10 19.91 5 5.48 5 0.55 117.41 5 9.7 5 6 2.89 63.71 6 1.87 107 .70 60.81 7 4.14 5 4.46 66 M o b ile s t r u c t u r e s 34.52 27.51 21.83 24.14 2 2.77 6 9.46 108.01 4 1.08 2 7.75 3 7.75 2 7.26 6 6.92 60.61 9 2.05 7 2.18 5 0.76 1 22 .85 4 6.00 13.84 5 9.14 1 1.03 0.02 1 2 .7 6 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 P e t r o le u m a n d n a t u r a l g a s C o m m e r c ia l b u ild in g s 0.01 8.22 41 20 21 22 O t h e r m in in g O ffic e b u i l d i n g s 2 0.01 4.04 0.04 1.79 15.41 13.88 13.44 3 1.43 5 0.52 4 1.72 65.31 6 4.13 6 7.39 5 5.33 3 2.40 2 5.15 19.42 2 2.24 19.42 68.51 104 .96 38.33 26.13 36.91 25.57 6 1.66 56.23 8 3.15 6 9.24 4 6.49 117.71 4 3.13 1 2.35 5 2.30 9.87 19.44 19 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 I n d u s t r ia l b u ild in g s 2.20 0.00 67 68 69 70 71 72 73 74 75 76 77 78 79 3 0.70 2 3.30 1 7.80 2 0.45 17.44 6 7.96 101 .73 3 6.13 2 4.82 3 6.10 2 4.20 5 7.95 5 3.17 7 6.78 67.13 4 2.62 113.59 4 1.32 10.91 4 5.44 88.02 5 9.59 129.36 2 2.39 49.11 57.02 77.64 77.57 44.37 4 5.48 3 1.56 3 5.74 3 8 .9 5 4 0.17 4 3.67 4 5.54 108.81 4 4.07 3 3.24 8.56 2.71 9 .18 3 5.50 8 9.94 7 9.27 4 5.37 4 6.48 3 2.66 36.21 4 0.6 0 4 1.87 45.31 4 6.89 108 .49 4 5.46 3 6.53 10.25 3 .19 10.99 3 6.95 98.34 48.11 108 .13 46.72 39.12 12.19 3.70 13.08 3 8.36 106.55 7 2.73 112 .49 4 5.54 3 0.83 4 1.13 30.35 75.07 69.66 96.15 78.85 5 7.79 122 .80 5 1.07 15.74 6 9.06 12.41 2 3.83 21.02 5.96 22.61 42.45 120 .73 22.22 57.84 52.26 116 .30 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 45 T a b le 2 . 5 . C h a in -T y p e Q u a n tity In d e x e s t o r D e p r e c ia t io n o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [In d e x n u m b e rs, 1 9 96 = 1 0 0 ] L in e P riv a te fix e d a s s e ts 1 E q u ip m e n t a n d s o ftw a r e 1977 4 3.3 5 1978 4 5.80 1979 1980 1981 1982 1983 1984 1985 1986 1987 5 1.2 5 5 3.5 5 5 5 .8 8 5 7.9 8 6 0.6 4 6 4.3 5 6 7.2 4 6 9.96 7 2 .6 6 66.21 2 3 5.61 3 8.2 2 4 1.1 3 4 3.6 8 4 6.0 3 4 8.0 3 5 0.05 5 3 .1 4 5 6.8 9 6 0 .3 4 6 7 8 13 14 15 16 17 66.68 4 3.6 5 1 5.06 1.16 1 0.69 3 7.80 3 5.88 5 1.04 7 6.68 7 6.92 9 8.37 101.75 102 .64 99.60 82.37 6 9.80 8 5.45 70.92 G e n e r a l in d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 4 7.9 8 20.42 3 .17 14.36 4 6.45 4 2.13 5 8.14 9 1.30 8 0.67 1 03 .84 100 .82 101.41 9 9.37 8 6.78 7 1.79 5 0 .0 0 2 3.57 4.84 16.52 50.31 4 5.28 6 1.17 97.71 8 1.05 1 04 .05 9 8.62 100 .76 9 4.23 85.71 72.61 5 3 .0 9 27.61 7.41 1 9.38 5 4.26 4 8.5 6 6 4.9 8 1 11 .78 8 1.59 103 .57 9 7.23 1 00 .27 9 1.12 8 4.77 73.91 6 0 .2 8 3 6.82 14.73 2 6.34 62.98 55.37 7 2.25 1 34 .95 8 4.48 100 .78 9 6.92 9 9.74 9 1.22 8 6.25 7 8.10 6 3.2 0 4 1.34 19.51 2 9.77 In s t r u m e n t s 4 1.10 12.83 0.69 9.09 33.51 32.93 47.76 64.86 74.03 9 2.46 101.45 103 .13 9 7.60 7 8.69 68.32 5 6.8 4 3 2.20 10.78 C o m m u n ic a t io n e q u ip m e n t 3 8.1 9 11.18 0 .52 7 .8 8 2 9.87 2 9.90 4 3.93 5 3.70 7 0.54 8 5.99 100 .13 103.15 9 3.47 7 5.06 4 5.9 9 17.71 S o ftw a re ' 3 5 .5 9 9 .9 6 0.40 7.13 2 7.00 2 6.97 4 0.19 4 7.33 6 7.99 8 0.38 9 8.27 102 .84 8 8.29 7 2.49 65.82 6 3.2 7 C o m p u t e r s a n d p e r ip h e r a l e q u i p m e n t 3 4 5 18 6 2.43 6 5.24 6 9.79 7 2.43 E le c t r ic a l t r a n s m is s io n , d is t r ib u t io n , a n d in d u s t r ia l a p p a r a t u s 75.03 7 6.88 7 7.90 78.91 81.24 8 4.06 19 55.61 5 3.27 5 1.18 4 2.42 5 9.75 117 .23 123 .99 6 9.67 4 2.03 9 2.08 3 8.75 115 .80 106.54 151 .87 128.15 85.78 2 01 .25 64.34 3 2.18 123.16 2 6.62 4 2.96 5 7.97 57.92 56.32 4 7.34 61.96 122 .79 125 .07 73.61 4 4.05 95.21 4 0.69 1 23 .06 6 0.40 61.55 6 1.56 4 9.23 6 5.80 128 .56 128 .62 78.09 46.49 98.39 4 3.07 130 .12 118 .26 175 .86 137 .88 9 8.98 2 23 .80 6 7.88 4 0.45 135 .33 3 4.77 50.41 6 2.80 6 2.53 6 3.64 4 7.57 7 1.03 134 .69 132 .79 8 1.37 4 9.13 100.31 4 5.76 132 .79 121.92 175.09 140 .93 102 .99 2 30 .77 7 0.12 4 3.65 139 .39 3 7.92 5 4.33 65.05 6 2.58 6 2.69 4 7.19 7 5.35 141.50 133.61 8 3.47 5 1.80 101.35 4 8.54 131.81 121 .97 170.33 140.04 103 .86 2 47 .98 71.62 46.25 140.20 4 0.63 5 7.35 6 7.09 6 2.35 6 1.10 47.75 77.60 146.01 130 .82 8 4.55 5 4.55 101 .47 5 1.47 127 .60 119.11 161 .14 137 .38 101 .72 263 .43 7 2.63 4 8.77 136.01 4 3.54 60.22 6 8.90 6 3.12 6 0.14 50.92 7 8.80 145 .16 126 .30 8 4.06 5 7.58 101 .39 5 4.72 1 20 .70 114 .12 147 .03 130 .69 9 7.73 2 57 .15 7 3.54 51.21 130.11 4 6.4 9 6 2.65 71.21 6 6.55 6 1.90 5 8.07 7 9.46 141 .99 1 22 .03 8 4.22 6 1.37 102 .44 5 8.69 1 16 .27 110 .83 138 .23 124 .25 9 6.26 2 41 .03 7 5.7 0 5 4.73 1 26 .26 5 0.47 6 4.6 5 73.96 70.72 6 6.17 6 4.39 7 9.92 137 .93 118.41 8 5.28 6 5.74 104 .06 6 3.25 112.81 107 .90 132 .72 118.10 9 7.73 2 24 .22 79.25 58.85 124.63 54.94 66.81 7 6.39 7 3.58 6 9.6 9 6 7.97 81.51 1 33 .54 1 14 .57 N o n r e s id e n tia l e q u ip m e n t a n d s o ftw a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e P h o t o c o p y a n d re la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u i p m e n t 10 11 12 I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s S te a m e n g in e s I n te r n a l c o m b u s t io n e n g in e s T r a n s p o r t a t io n e q u ip m e n t A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O th e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O th e r f u r n it u r e F a rm t r a c t o r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s H o u s e h o ld a p p lia n c e s R e s id e n tia l e q u ip m e n t S tr u c tu re s N o n r e s id e n tia l s tru c tu r e s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in y s C o m m e r c ia l b u ild in g s M o b i le s t r u c t u r e s O th e r c o m m e r c i a l 3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 T e le c o m m u n ic a t io n s E le c t r ic l ig h t a n d p o w e r P e t r o le u m p ip e lin e s F a rm r e la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f ts , a n d w e lls O t h e r m in in g O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n tia l s tru c tu r e s H o u s in g u n it s 1 - t o - 4 - u n it F a rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm Im p ro v e m e n ts O th e r r e s id e n tia l6 See th e s e c tio n "F o o tn o te s to th e T a b le s ." 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 112.01 165 .76 132 .59 9 1.78 214 .88 6 5.59 3 6.15 129 .39 30.52 46.26 1988 4 8.8 2 2.02 1 2.47 4 2.24 3 8.92 5 4.48 8 6.96 7 9.25 101 .99 101 .72 101.92 101.11 22.86 5 8.62 5 2.05 6 9.22 124 .10 8 2.97 102.48 97.01 100.12 9 0.79 8 5.34 7 5.93 86.11 7 0.02 106 .05 6 7.69 108 .34 103 .60 1 27 .55 111 .64 9 9.33 2 04 .09 8 2.80 6 2.2 9 123 .74 5 8.63 69.21 66.86 58.61 7 4.76 135 .18 8 5.66 9 8.20 9 6.36 99.31 90.42 86.57 8 0.37 1989 7 6.6 2 2 4.5 6 2 9.28 7 0.76 6 1 .9 3 7 7.39 1 23 .70 8 6.76 9 5.8 0 9 6.15 7 4.76 9 4.68 9 6.99 9 0.30 8 6.54 8 2.94 92.30 87.49 86.06 8 1.19 7 5.58 7 2.95 6 9.40 8 6.92 124 .85 106 .82 8 3.79 76.80 7 3.76 71.55 88.60 7 8.72 7 4.50 7 1.47 6 8.40 8 4.08 129 .02 110 .42 8 6.89 7 4.38 1 08 .26 7 2.19 104 .73 9 9.88 1 24 .34 106 .04 99.35 182 .02 8 6.55 6 5.30 122 .63 6 1.88 7 1.83 102 .27 9 8.39 163.52 9 0.73 68722 121 .49 6 5.02 7 4.86 101 .37 98.76 149 .39 108 .79 7 1.69 119 .79 6 8.80 7 8.34 7 8 .3 0 104 .77 88.00 1 09 .69 7 6.39 102.51 9 7.94 109 .78 8 0.67 101.68 121.00 41 3 7.8 6 4 0 .7 9 4 4 .0 3 4 7 .2 8 5 0.2 2 5 2.7 5 5 5 .3 2 5 8 .4 8 6 2.06 6 5 .9 8 42 7 0 .1 4 6 1.3 6 7 4.3 2 6 3.2 5 6 6.41 6 8 .4 7 7 0.5 5 7 3.6 2 7 5 .9 0 7 7 .4 2 8 0.92 8 2.40 8 4 .5 6 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 8 6.64 6 1.2 3 56.04 6 7.60 4 2.20 5 2.37 2 6.68 5 2.97 7 4.68 61.61 46.06 63.14 4 7.73 6 6.56 9 7.55 76.69 114 .70 4 2.96 7 4.37 8 1.59 9 1.30 6 2.9 3 5 7.09 6 8.96 4 3.32 5 3.38 2 8.12 5 3.97 7 5.12 6 1.82 4 8.00 6 3.17 4 7.92 6 7.52 9 5.90 7 8.22 114 .17 45.49 76.51 8 2.14 113 .58 104 .82 6 4.10 6 3.84 7 0.28 4 9.23 6 6 .2 7 60.85 74.56 44.96 59.74 3 1.13 60.41 7 5.82 6 2.14 4 9.82 6 3.68 4 8.86 6 8.54 9 4.64 7 9.98 113.74 4 8.99 7 8.44 8 3.05 113 .38 108.45 6 8.46 68.17 7 5.32 5 0.85 6 8.7 2 6 2.27 7 3.97 4 7.37 6 2.70 3 5.10 6 3.34 76.65 62.76 51.66 6 4.72 5 0.68 6 9.50 9 3.77 8 1.70 113.23 5 2.43 8 0.13 8 4.32 113.55 112.81 7 4.53 7 4.30 80.51 52.51 7 1.3 8 6 3.47 7 6.39 5 0.56 6 0.63 3 9.96 6 1.09 77.41 6 3.58 5 3.74 6 6.08 53.12 70.35 93.17 83.30 112.61 5 5.72 8 1.66 85.81 113 .77 111.81 82.91 8 2.76 8 7.50 5 3.99 7 5.4 9 6 7.14 7 8.99 5 4.70 6 6.85 4 5.00 6 7.34 7 8.15 6 4.54 5 6.64 6 7.59 55.71 7 0.97 9 3.18 8 4.80 111 .87 5 9.40 8 2.93 87.11 113.01 114 .74 9 1.12 9 1.03 9 4.16 5 5.47 7 8.31 6 9.79 8 1.24 59.01 6 8.95 4 9.28 6 9.39 7 9.06 6 5.76 6 0.36 6 9.38 5 8.60 71.51 9 3.97 8 0.1 5 7 0.9 7 8 1.9 7 6 3.43 6 6.48 5 4.0 3 6 6.7 6 8 0.30 6 7 .0 5 6 4 .0 8 7 1.88 6 2.45 7 2.3 4 9 5.3 9 8 7.1 0 110 .32 6 6.8 4 84.91 8 7.5 8 8 5.60 77.41 84.87 7 4.32 7 3.79 6 6.40 7 3.96 8 3.66 7 0.43 70.11 7 8.14 7 1.53 7 5.10 9 9.33 9 0.39 109 .28 7 4.95 89TÖ3 8 8.48 106 .74 109 .93 108.11 108 .45 1 03 .78 6 7.10 8 7.51 8 0.33 8 5.85 7 8.82 77.51 7 2.20 7 7.63 8 5.62 7 3.23 7 2.86 8 1.22 75 89 7 6.88 1 00 .98 9 2.00 108 .34 7 9.09 9 1.14 88.91 105.25 108 .82 106 .98 107 .32 102.71 70.61 8 9.3 2 83.19 86.90 8 2.90 8 1.20 7 7.78 8 1.28 8 7.65 9 2.5 3 88.61 8 8.50 86.84 75.91 8 4.26 7 9.14 8 7.18 111.91 1 02 .07 102 .24 100 .47 5 9.53 8 3.2 5 74.34 8 3.47 6 8.87 7 0.66 60.12 7 0.89 8 1.85 6 8.54 67.31 7 4.96 6 6.96 7 3.63 97.34 88.63 109 .86 70.74 86.78 8 7.94 108 .43 111 .84 106 .77 107 .08 102 .94 6 3.20 6 3.8 7 6 7.16 6 7.73 6 6.19 107 .82 6 5.22 7 6.50 6 1.27 2 7.13 6 4.86 56.18 1 12 .46 6 6.8 2 7 0.47 7 1.02 6 9.74 107 .55 6 8 .4 0 71.73 72.13 70.72 106.81 69.87 8 0.17 6 7.74 31.05 7 1.59 6 0.76 108 .46 6 9.7 6 72.76 7 3.05 7 1.50 105.85 7 0.70 81.86 70.02 33.23 73.88 6 2.88 106.81 7 1.5 0 .74 .5 4 7 4.80 73.31 104.71 7 2.58 8 3.27 72.11 3 5.17 7 5.99 6 4.59 1 05 .59 7 4 .2 2 7 6.9 6 7 6.94 7 5.10 103 .03 7 4.45 8 7.26 7 7.95 3 9.3 7 82.01 6 7.93 104.11 7 8.2 2 8 1.92 8 2.06 8 0.69 102 .35 8 0.18 9 0.00 8 0.96 43.21 84.92 70.11 103 .60 7 8.6 4 8 1.20 8 1.10 79.01 101 .62 7 8.48 9 2.77 8 3.23 4 6.53 8 7.08 7 2.79 1 03 .10 66 67 68 69 70 71 72 73 74 75 76 77 78 79 112.00 101.86 6 0.25 6 0.13 6 4.03 4 7.96 6 1 .7 5 6 4.99 6 5.70 64.05 107 .75 63.03 75.10 5 7.64 2 4.76 6 1.09 5 4.10 114 .45 68.86 7 8.28 6 4.85 2 8.98 6 8.62 5 8.48 110 .48 86.00 111 .04 6 3.20 8 3.85 8 7.57 1 11 .69 112 .27 97.02 9 7.05 97.91 5 7.16 7 3.0 8 7 6.15 7 6.34 7 4.84 1 03 .73 7 4.16 8 4.88 7 4.70 3 6.70 7 8.69 66.12 104 .68 110.20 94.74 102.66 ..... 103 .54 9 3 . 2 1 ..... ...... 94.21 107 .26 106.21 8 2.88 8 6.62 92.51 9 3.19 8 9.38 9 0.13 1 03 .89 ..... 102 .46 107 .77 106 .66 105.94 104 .73 106.32 105 .12 101 .17 99.91 7 3.77 7 6.58 8 1 .1 0 8 3.48 ......8 3 .4 6 ....... 8 5.62 83.41 8 5.65 81.31 ..... 8 3.66 100 .99 100.73 80.85 8 3.27 95.13 9 6.79 8 4.89 8 6.04 4 9.87 5 0.69 8 8.57 8 9.75 7 5.69 7 8.55 1 03 .12 103 .47 8 9 .8 4 93.65 94.25 9 3.70 1 00 .49 9 3.54 86.81 51.31 9 0.54 1 03 .74 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 46 T a b le 2 . 5 . C h a in - T y p e Q u a n tity In d e x e s fo r D e p r e c ia t io n o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [In d e x n u m b e rs , 1 9 9 6 = 1 0 0 ] L in e 1990 1991 1992 1993 1994 1995 9 7.02 100.00 100 .98 9 6.90 9 4.72 89.95 97.58 99.93 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 103.75 105.83 111 .28 102 .34 100 .45 9 8.78 101 .16 104 .07 104 .13 100 .46 104 .37 104 .02 103 .70 1 05 .30 101 .79 104 .77 102 .62 103.85 105.35 9 9.67 105 .70 104 .45 8 0.9 8 8 5 .4 2 8 6.6 7 9 2.63 9 4.9 7 7 2 .5 9 7 5 .3 4 7 8 .5 6 8 2.1 2 8 7.1 2 9 2.9 7 C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t 3 4 5 S o ftw a re 1 6 C o m m u n ic a t io n e q u ip m e n t 7 In s tr u m e n ts 8 7 5.2 5 59.88 35.76 53.95 8 1.09 7 5.19 8 5.32 9 6.19 90.91 9 4.54 9 8.00 100.13 9 3.64 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 13 14 15 16 17 7 2 .5 0 5 5.63 3 2.94 4 6.93 7 8.27 7 0.40 83.24 105 .55 9 0.06 9 4.40 9 7.57 9 9.67 9 3.27 8 8.65 8 8.85 7 8 .4 7 6 4.85 3 9.96 6 1.56 8 3.47 8 0.07 87.41 9 1.77 9 1.40 9 4.99 9 8.15 100.71 9 2.84 8 9.05 9 0.88 8 2.0 4 7 1.24 4 7.09 7 0.15 8 5.89 8 5.24 9 0.57 9 2.88 9 2.34 9 5.53 9 7.82 100 .79 9 1.68 90.15 91.91 8 7.0 6 7 8.94 5 7.63 7 9.28 89.30 90.22 95.07 9 5.00 9 4.13 9 6.43 9 8.26 100.94 9 2.72 9 2.46 9 3.69 9 2 .9 4 8 8.27 7 4.17 8 8.77 9 3.85 9 5.02 98.51 9 7.25 9 6.79 9 7.85 9 9.00 100 .53 9 5.82 9 6.00 9 6.48 G e n e r a l in d u s t r ia l, i n c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 9 1.59 9 2.24 9 2.26 9 2.89 9 4.55 E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 19 8 6.27 7 6.95 7 3.30 7 2.32 90.31 117 .49 103 .57 9 1.85 8 6.23 108.41 8 4.80 90.01 80.69 71.78 82.15 96.97 110.17 100 .57 9 5.55 9 0.04 102 .67 89.22 9 8.79 9 5.47 112 .24 102 .50 9 4.96 114 .80 118 .24 8 4.70 106.91 83.36 85.40 9 1.87 8 3.68 7 4.96 8 5.83 9 9.67 107.08 99.11 9 4.83 9 2.23 100.75 9 1.68 96.41 9 4.14 105 .60 100 .18 9 2.90 107 .73 107 .85 89.42 103.45 8 8.57 8 8.15 9 4.13 8 8.94 8 1.32 9 2.20 97.16 122 .06 102 .40 100 .37 137 .68 9 4.85 7 5.92 116 .70 7 3.46 8 1.39 8 8.30 7 8.96 7 1.87 7 8.27 9 3.60 113 .99 102 .23 92.72 88.38 105.63 8 7.26 101.57 97.13 119.55 102.41 9 8.99 126.18 9 5.64 8 0.22 111.80 7 8.32 83.51 41 8 1.7 7 8 4.5 6 87.01 89.71 9 2.8 8 9 6.39 42 9 0.6 2 9 2.96 1 0 0 .15 9 6.16 1 0 4 .17 9 9.07 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 9 2.9 0 8 9.08 9 0.80 9 0.36 8 7.98 88.35 87.98 9 1.79 81.37 82.41 9 0.16 8 7.83 8 4.92 1 03 .49 9 5.30 1 0 5 .20 90.01 9 4.18 9 1.16 101 .07 1 05 .66 103.71 1 04 .08 9 9.08 7 9.99 9 4.5 4 91.57 93.10 9 2.98 9 0.46 9 2.27 9 0.42 9 3.48 8 4.30 8 5.59 9 2.59 9 1.46 8 6.93 103 .44 9 6.32 104 .12 92.41 95.51 92.51 100.25 104 .70 103 .24 103 .60 9 8.74 83.61 92.86 88.45 102.93 97.21 103 .13 94.12 96.61 94.45 9 7.2 4 9 5.46 9 6.17 9 5.82 9 6.36 9 5.58 9 6.38 9 6.03 90.21 9 1.83 9 4.36 93.55 90.11 102 .40 9 8.00 102 .24 9 5.53 9 7.63 9 6.28 1 0 1 .5 8 101 .99 9 7.25 1 06 .93 109 .15 9 6.82 1 09 .43 9 7.30 93.11 9 4.96 9 5.48 9 4.49 9 2.55 102 .16 1 01 .47 1 01 .37 9 9.0 4 9 8.67 9 8.59 9 8.25 100 .38 98.21 100 .43 9 8.58 9 6.24 9 7.62 97.11 9 6.20 95.91 100.00 100.02 100.12 114.17 102.30 102 .60 9 8.59 8 7.62 109 .06 101 .44 1 01 .69 9 8.49 9 1.78 101 .64 1 0 1 .09 1 01 .24 9 9.26 9 5 .1 2 9 8.98 100 .58 9 8.18 9 8.78 98.19 100 .07 100 .76 100 .38 100.42 9 9.89 9 7.87 8 7.9 2 89.32 8 9.53 8 7.86 100 .49 8 7.56 9 9.24 8 7.46 54.41 9 0.93 8 4.53 104 .22 9 1 .0 9 93.01 9 3.50 9 2.48 100.57 9 2.29 9 9.84 8 7.65 57.21 9 0.84 8 6.70 103.88 1 0 3.5 5 110.81 112.71 115.37 100.41 115.72 9 4.93 9 6.43 9 7.05 9 6.73 100 .33 96.64 99.91 8 9.40 6 1.64 92.31 91.51 102 .08 1 0 7 .1 6 1 13 .23 115 .02 1 06 .06 1 00 .29 106 .19 165.11 9 1.94 7 0.82 9 4.16 9 4.5 9 1 01 .34 9 9.10 99.91 100 .28 100.45 100 .15 100 .46 9 9.33 9 5.62 8 7.62 9 6.45 9 7.39 100 .47 N o n r e s id e n tia l e q u i p m e n t a n d s o f tw a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e P h o t o c o p y a n d r e la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u ip m e n t 10 11 12 I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O th e r e q u i p m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r f u r n it u r e T ra c to rs F a rm tra c to rs C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u i p m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c t u r e s N o n r e s id e n t ia l b u d d in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l! b u ild in g s M o b i le s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a t io n a l b u ild in g s H o s p it a l a n d i n s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l ig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls P e t r o le u m a n d n a t u r a l g a s O th e r m in in g O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n tia l s tr u c tu r e s H o u s in g u n it s P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rrn 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s i d e n t i a l 6 S ee th e s e c tio n “F o o tn o te s t o th e T a b le s ." 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 66 67 68 69 70 71 72 73 74 75 76 77 78 79 102.10 88.88 9 0.24 97.21 9 5.33 9 4.90 9 4.60 99.97 9 4.32 100.10 94.80 8 7.29 8 8.63 9 3.64 100.01 8 8.03 59.56 91.02 88.76 102.72 100.22 104 .78 98.71 9 6.03 9 9.06 9 9.93 99.00 96.60 9 5.36 101.61 9 7.85 9 3.57 104 .75 9 7.45 93.41 101.41 9 2.92 9 1.85 101.11 103.51 9 7.22 1997 1 0 6 .3 8 7 8.3 5 E q u ip m e n t a n d s o f tw a r e 1996 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 1 2 P r iv a te fix ed a s s e t s 102.11 9 9.28 9 7.07 96.81 9 9.76 9 6.63 9 8.22 97.91 9 9.46 9 8.66 9 6.00 102 .04 97.71 9 6.52 100 .44 9 6.27 9 5.80 101.12 1 0 8 .5 7 1 0 8 .6 3 115 .57 139.24 116.64 107 .54 104 .62 100 .06 104.16 102.66 101 .38 101 .55 9 9 .7 0 105.37 103.77 103 .39 103 .71 102.10 1 0 1 .6 7 102.36 101 .29 102 .27 103 .07 102 .35 1 03 .09 101.66 104 .82 1 02 .54 102 .97 105 .56 104 .78 9 3.78 100 .54 9 9.88 103.01 9 8.90 101 .78 9 9.94 99.41 101 .08 101 .13 100 .36 101 .46 1 0 2 .6 0 102.55 102 .36 102 .63 9 9.96 102.70 100.86 104.72 108.57 104.31 102.75 100.00 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 47 T a b le 2 . 6 . H is t o r ic a l- C o s t D e p r e c ia t io n o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c t u r e s ; b y T y p e [M illio n s o f d o lla rs ] L in e 1 2 P riv a te fix e d a s s e ts E q u ip m e n t a n d s o ftw a re N o n r e s id e n t ia l e q u ip m e n t and s o ftw a re In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re C o m p u te rs a n d p e r ip h e ra l e q u ip m e n t S o ftw a re 1 C o m m u n ic a tio n e q u ip m e n t In s tru m e n ts P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t In d u s tr ia l e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu r b in e s S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o rk in g m a c h in e ry S p e c ia l in d u s try m a c h in e ry , n .e .c . G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a n d in d u s tria l a p p a ra tu s T ra n s p o rta tio n e q u ip m e n t T ru c k s , b u s e s , a n d tr u c k tr a ile rs A u to s A ir c r a ft S h ip s a n d b o a ts R a ilro a d e q u ip m e n t O th e r e q u ip m e n t F u rn itu re a n d fix tu re s H o u s e h o ld fu r n it u re O th e r fu r n itu re T ra c to rs F a rm tr a c to r s C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s M in in g a n d o ilf ie ld m a c h in e ry S e rv ic e in d u s try m a c h in e ry E le c tric a l e q u ip m e n t, n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n re s id e n tia l e q u ip m e n t R e s id e n t ia l e q u ip m e n t S tru ctu res N o n r e s id e n t ia l s tru c tu re s N o n re s id e n tia l b u ild in g s , e x c lu d in g fa rm In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu re s O th e r c o m m e r c ia l 3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa r m b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu re s M in in g e x p lo ra tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n tia l s tru c tu res H o u s in g u n its P e rm a n e n t s ite 1 - to - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p r o v e m e n ts O th e r r e s id e n tia l 6 See th e s e c tio n "F o o tn o te s t o th e T a b le s ." 3 4 5 1925 1926 1927 1928 1929 5 ,7 5 5 6 ,1 4 4 6 ,4 9 8 6 ,7 8 0 3 ,6 0 5 3 ,8 3 8 4 ,031 3 ,5 7 5 268 3 ,8 0 4 288 3 ,9 9 4 306 0 0 6 7 0 0 0 0 4 ,1 6 3 4 ,3 6 5 4 ,4 6 5 4 ,3 5 3 4 ,1 1 8 4 ,1 2 4 3 23 4 ,3 2 3 341 4 ,42 1 346 4 ,3 0 6 331 4 ,0 7 2 3 03 0 0 8 9 10 11 11 12 13 14 15 16 17...... 22 24 .......9 8 ..... 278 18 168 19 51 1 ,757 301 1,0 36 ....... 1.... 53 366 843 151 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 20 131 79 72 7 161 40 75 114 1 8 ..... ....... 5 13 2 04 22 24 ...... 106 293 182 8 49 79 45 21 21 0 0 105 35 13 189 8 99 82 46 0 0 111 0 0 111 37 13 184 931 38 14 168 925 87 45 86 46 21 21 24 .......115..... 24 124 306 3 16 ...... 1 3 6 ..... 325 187 206 221 2 40 254 55 1 ,863 330 1,109 60 1,934 346 1,161 70 2,031 3 80 1,224 7 57 3 63 1,053 2 25 29 196 114 91 24 190 62 96 1 3 9 ...... ...... 23 ......... 5 .......Ï 8 .... 2 04 75 2 ,053 4 09 1 ,21 3 9 59 3 63 1,091 2 38 30 2 07 124 96 28 198 65 99 143 28 ...... 9...... 19 196 1 54 3 69 892 171 23 1 48 86 76 To 1 67 46 80 120 18 4 14 204 2 56 370 947 189 25 164 95 81 14 174 ..... 5 2 ..... 86 127 ......19 ...... 3....... 15 205 1934 6 ,6 9 4 97 33 173 807 76 45 1933 7 ,0 4 7 91 31 163 760 72 46 1932 7 ,2 7 8 85 29 153 707 67 46 1931 7 ,3 3 7 78 27 10 11 12 1930 7 ,1 2 4 65 1,956 3 52 1 ,178 4 56 3 65 997 206 27 179 104 85 19 181 ...... 57...... 90 132 .......1 9 ...... ...... 3...... ...... 1 7 ...... 2 07 24 25 ...... 142 328 821 255 78 1 ,976 406 1 ,144 9 61 355 1,075 2 39 30 209 128 94 33 196 .......6 4...... 94 .......141 ...... 2 9 ....... 11...... 19 184 1937 6 ,3 4 9 6 ,6 1 2 3 ,7 8 7 3 ,5 6 5 3 ,4 6 4 3 ,4 6 5 3 ,6 9 7 3,7 41 272 3 ,5 1 9 252 3 ,4 1 8 2 46 3 ,4 1 7 2 53 3 ,6 4 6 274 0 0 0 0 0 0 99 35 93 34 12 91 34 11 10 111 126 842 81 38 19 ......18 114 808 78 35 19 16 ....... 115 ...... 2 8 0 ..... 0 0 0 0 92 34 98 37 10 11 274 117 8 08 76 34 18 16 119 274 247 235 226 225 232 246 77 1,8 72 380 1 ,084 9 60 3 38 1 ,009 230 29 75 1 ,703 345 9 73 9 58 3 20 924 215 26 189 74 1 ,602 3 23 911 9 55 3 05 857 204 25 179 110 74 1 ,550 3 19 877 9 52 2 93 826 197 24 173 101 75 1,521 332 846 9 51 284 834 193 24 170 100 110 78 1,6 45 352 950 9 52 283 8 78 196 24 172 129 77 33 168 51 77 72 28 156 44 72 75 25 150 41 71 108 23 '""... To .......13...... 85 25 150 41 75 1 0 8 ..... ....... 2 3...... ...... TT...... 13 133 27 156 45 81 115 26 13 14 130 21 24 140 1936 6 ,341 0 0 107 37 13 146 889 85 42 1935 6 ,4 5 2 20 21 132 3 07 201 122 86 36 184 58 85 ...... 1 3 3 ..... .......2 8 ...... .......TT...... ..... 1 7 ........ 170 122 291 121 ...... 2 5 ... To 15 1 56 112 ......2 3 ....... .. .... To ...... ...... 1 3 ...... 145 7 95 77 33 18 15 114 137 128 849 77 37 18 19 131 2 80 102 41 30 33 37 40 42 45 46 42 46 2 ,1 4 9 46 2 ,30 6 46 2 ,4 6 7 2 ,6 1 7 48 2 ,7 5 9 50 2 ,871 2 ,9 2 6 2 ,9 2 9 2 ,9 0 7 1 ,4 4 0 569 2 19 104 82 2 ,8 8 7 1 ,53 3 6 20 232 114 91 2 ,8 7 8 1 ,6 3 3 678 247 126 2 ,8 8 4 1 ,7 2 7 7 33 263 139 2 ,9 1 5 1 ,8 2 3 ....... 788 282 152 1 ,9 0 5 ...... 833 297 163 1 28 1 ,9 4 5 854 299 169 132 1 ,9 4 5 853 2 94 169 132 1 ,9 2 7 8 43 2 89 168 130 1 ,9 0 9 8 33 2 86 166 128 1 ,8 9 7 825 282 164 127 1 ,8 9 5 820 280 164 127 1 ,9 1 2 8 25 2 83 165 1 27 43 44 45 46 47 48 49 50 51 52 53 54 55 56 .. 57....... 58 .. 5 9 ....... 60 61 62 63 64 65 0 82 18 10 .......3 2 ....... ....... 22....... .. .... 9 3 ...... 1 72 156 16 64 68 7 10 69 70 71 72 73 74 75 76 77 78 79 21 12 10 9 1 27 140 32 38 35 41 60 ..... 61 ....... .......5 4 2 ....... .......5 68....... 3 72 382 39 .......4 3 ....... 78 .......... 86....... 67 66 0 91 36 22....... 94 185 .. .... 169 16 65 773 595 648 ... 595 648 5 36 577 .......6 1....... 62 474 .......5 1 5....... 59 71 0 0 0 100 14 0 0 0 108 17 102 0 102 112 0 112 24 13 27 15 12 14 154 164 44 48 47 53 63 63 .......596 621 392 4 02 47 ....... 51....... ....... 92 ....... 9 8 ....... .......4 1....... 46 ....... 2 3 ....... ...... 2 4 ....... 96 97 198 208 181 ....... 191 17 17 67 68 834 6 99 ...... 699 615 62 553 84 0 0 0 115 20 8 89 745 7 45 6 48 62 586 97 0 0 0 123 22 121 0 121 0 128 29 31 17 19 15 17 172 1 79 51 54 57 61 63 64 .... 6 48....... ...... 6 7 5 ....... 411 4 20 6 4 ...... 104 110 4 9 .. .... 52 .......2 6 ....... 28 .......9 8 98 220 2 30 57 202 211 18 69 18 69 936 782 7 82 6 76 62 6 13 107 9 66 804 8 04 6 92 62 6 30 0 0 0 130 23 111 0 0 0 138 24 0 132 33 21 18 183 55 63 66 6 92 425 0 132 33 22 19 184 54 64 66 115 6 96 425 70 116 29 97 232 2 14 18 69 .......95 232 '""'""2 1 4 18 69 68 II 55 981 813 813 701 62 638 113 0 0 0 142 25 IIIM II 30 0 130 33 22 19 182 53 63 66 691 4 22 70 if 5 55 29 93 231 2 14 17 68 .....II46 0 1 28 33 22 0 127 33 22 19 180 52 62 65 19 178 52 61 65 686 681 419 4 16 ...... 6 9 ....... .......6 9 ....... 1 14 1 13 ....... 5 5 ....... .........5 5 ....... ....... 2 9 ....... 29 92 90 231 233 2 14 216 17 17 68 67 984 8 16 816 703 62 641 980 8 12 812 700 62 6 39 112 0 0 0 978 8 08 8 08 6 98 61 6 36 111 0 0 0 110 0 0 0 143 25 144 25 146 24 981 807 8 0 7 .... 698 .......61....... 6 37 109 0 0 0 150 24 0 127 33 22 19 177 51 61 64 679 4 14 68 113 ...... 55"....... ...... 2 9 ....... 90 2 39 222 17 66 989 809 809 701 61 6 40 109 0 0 0 156 24 0 127 33 22 19 176 51 61 64 6 82 414 69 115 ......55 29 90 250 2 33 17 65 1 ,0 0 3 8 16 816 7 07 61 646 1 09 0 0 0 163 24 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 C o n tin u e d T a b le 2 . 6 . H is t o r ic a l- C o s t D e p r e c ia t io n o f P r iv a t e F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu re s ; b y T y p e [M illio n s o f d o lla rs ] Line P riv a te f ix e d a s s e t s E q u ip m e n t a n d s o f tw a r e N o n r e s id e n tia l e q u i p m e n t a n d s o f tw a r e In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re C o m p u te rs a n d p e rip h e ra l e q u ip m e n t S o ftw a re 1 C o m m u n ic a tio n e q u ip m e n t In s tru m e n ts P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t In d u s tr ia l e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu rb in e s S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o r k in g m a c h in e r y S p e c ia l in d u s try m a c h in e ry , n .e .c . G e n e ra l in d u s tria r, in c lu d in g m a te r ia ls h a n d lin g , e q u ip m e n t E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a nd in d u s tria l a p p a ra tu s T ra n s p o rta tio n e q u ip m e n t T ru c k s , b u s e s , a n d tr u c k tr a ile r s A u to s A ir c r a ft S h ip s a n d b o a ts R a ilr o a d e q u ip m e n t O th e r e q u ip m e n t F u rn itu re a n d fix tu re s H o u s e h o ld f u r n it u r e O th e r fu r n it u re T ra c to rs F a rm tr a c to r s C o n s tr u c tio n t r a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s M in in g a n d o ilf ie ld m a c h in e ry S e rv ic e in d u s try m a c h in e r y E le c tric a l e q u ip m e n t, n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n re s id e n tia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c tu r e s N o n re s id e n tia l b u ild in g s , e x c lu d in g fa rm In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l 3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo ra tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g as O th e r m in in g O th e r n o n fa r m s tru c tu r e s 3 R e s id e n tia l s tr u c tu r e s H o u s in g u n its P e rm a n e n t s ite 1- to - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p r o v e m e n ts O th e r r e s id e n tia l 6 S ee th e s e c tio n "F o o tn o te s to th e T a b le s .” 1950 1949 1948 1947 1946 1945 1944 1943 1942 1941 1940 1939 1938 7 ,7 9 0 8 ,71 5 9 ,67 4 1 1 ,3 8 6 1 3 ,0 8 0 1 4 ,7 2 3 1 6 ,7 8 6 6 ,8 4 4 6 ,9 9 2 7 ,31 1 7 ,5 2 7 7 ,5 1 8 7 ,4 7 4 2 3 ,8 3 3 3 ,8 5 8 3 ,9 5 9 4 ,2 0 9 4 ,371 4 ,3 4 7 4 ,2 8 6 4,5 61 5 ,341 6 ,01 6 7 ,3 6 0 8 ,66 2 9 ,88 7 3 4 5 3,781 290 3 ,8 0 4 2 98 3 ,9 0 3 314 4 ,1 4 9 3 42 4 ,3 0 8 3 59 4 ,2 8 4 3 53 4 ,2 2 6 3 60 4 ,5 0 3 401 5 ,2 7 8 4 95 5 ,940 656 7 ,2 6 4 842 8 ,5 4 8 986 9 ,7 5 4 137 41 146 43 13 1 59 1 ,157 95 47 165 50 15 171 1 ,263 104 60 1 90 67 288 125 45 384 1,886 38 24 44 234 93 32 297 1,627 149 72 25 47 3 32 153 56 445 2 ,07 8 213 ........... 97...... ...... 3 3...... 63 451 3 12 345 4 09 493 IZMl .II 3 72 180 65 4 86 2 ,240 236 107 40 67 461 6 19 3 33 3 76 429 4 93 542 1 18 1 ,600 3 93 811 15 92 2 89 1,238 2 28 27 131 1.9 54 506 1,034 25 96 293 1 ,417 248 29 2 19 2 19 182 37 246 119 149 215 188 2 ,37 6 8 77 1,016 45 2 15 2 ,90 0 1,0 56 1,3 10 50 0 0 6 9 12 12 10 137 879 77 40 19 140 893 77 41 19 21 22 11 12 13 14 15 16 17 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 140 285 144 2 86 165 289 2 57 2 62 271 81 1,696 ...... 3 57... 994 83 1.681 3 58 9 82 11 10 54 281 916 199 24 176 145 116 29 165 48 84 56 2 74 9 32 120 122 201 24 1 77 1 52 123 29 170 49 84 31 .......29 16 15 ....... 1 5 ....... .......1 5 ....... ...... 123 126 4 l'Z Z Z 42 ...... 52 2 ,9 5 2 54 2 ,9 8 6 43 .. 4 4 ........ 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 1 ,9 3 4 830 286 165 128 1 ,9 4 6 8 30 2 84 165 128 61....... 62 63 64 65 66 67 0 Z 0 128 34 23 22 19 19 177 178 51 51 63 62 64 64 6 89 686 411 413 ...... 70 69 ■ IMI 0 Q...... ......... 122...... 128 33 56 ....... 30 89 264 247 17 64 56 30 89 ......... 2 73...... ....... 2 5 6 ..... 18 64 0 0 12 12 Z'MZ 1,691 376 975 13 58 2 69 964 206 24 182 161 131 30 173 .......51... 87 127 .......3 5... 18 17 123 0 0 135 42 127 43 13 159 1,005 81 45 19 26 207 114 42 13 145 9 34 78 43 19 24 106 40 103 39 7 0 0 0 0 1 63 1 ,104 169 1 ,066 84 45 19 25 253 2 99 88 43 19 24 281 2 85 95 1.763 4 09 102 100 1 ,0 0 0 16 64 274 1,040 218 26 193 180 148 33 183 56 99 134 40 .. 21. 19 129 298 2 28 27 1,723 ..... 3 5 5 ...... 9 88 ....... 1 5 ...... 81 2 85 1 ,103 2 28 27 202 201 193 158 34 196 60 109 138 ...... 4 3 ..... ...... 2 3 ...... 1 84 152 32 200 62 1 ,7 8 1 404 1,0 07 16 ...... 72...... 282 1 ,1 0 2 ....... 21 110 141 43 23 108 1,581 3 36 8 59 13 87 2 86 1,128 225 26 198 185 154 32 208 ....... 61...... 114 152 ....... 4 7 ..... .......2 5 ...... ... 20.. ... 2 2 ... 135 ...... 135 120 68 22 20 27 313 .... 2 9 7 .. 288 22 2 16 1 ,413 201 2 05 170 35 2 28 76 131 175 .......2 9 ....... 26 140 185 85 28 57 156 1,947 663 840 39 99 305 1,709 289 35 254 242 205 38 2 76 171 160 2 99 ........8 5 ....... ...... 45....... 35 31 156 101 0 0 5 75 100 338 2 ,16 0 3 36 42 294 295 254 41 340 236 179 439 111 59 3 83 2 ,58 4 375 48 327 360 3 17 43 416 ...... 2 87.... 197 554 131 70 .......61...... 263 4U 186 1 ,1 0 2 225 115 2 42 3,4 92 1,205 1 ,708 55 103 4 20 2 ,920 4 10 54 3 56 424 382 42 4 87 318 213 619 153 81 .......71 296 1 33 56 60 63 63 60 58 62 77 97 3 ,0 3 3 3 ,1 0 2 3 ,1 5 6 3,1 71 3 ,1 8 8 3 ,2 2 9 3 ,3 7 5 3 ,65 8 4 ,0 2 6 4 ,4 1 8 4 ,8 3 6 1 ,9 6 3 ....... 834 286 166 128 1 ,99 6 8 48 2 97 1 67 128 2,021 8 56 305 2 ,0 2 5 846 3 04 165 125 2 ,0 3 3 832 300 162 2 ,0 6 4 8 30 304 160 2 ,15 2 871 331 166 124 2 ,2 9 7 943 3 74 177 133 2 ,4 7 3 2 ,6 6 0 1 ,086 435 198 159 2 ,85 0 1,155 4 53 209 ...... 174 3 0 128 34 23 19 178 51 63 63 696 411 .......71...... 126 57 .......31...... 89 283 2 64 18 63 0 1 28 34 24 20 177 52 64 62 7 05 411 73 130 58 ....... 3 3.. 88 2 93 2 74 19 62 1 ,1 0 6 1 ,0 7 0 1 ,0 4 0 1 ,0 1 9_ 68 ......... OQQ...... ......... 861...... ......... 8 87 oov 69 887 861 8 39 ...........825...... .... 70 774 7 48 7 28 71 ...... 7 1 5 ..... 63 62 ....... 61...... 61 72 711 6 67 686 654 .... 7 3 ...... 113 112 111 110 74 0 0 0 0 75 0 0 0 0 76 0 0 0 0 77 194 185 177 170 78 25 24 24 24 79 167 128 0 ... 1 2 2 ... 0 125 34 24 128 35 24 122 20 134 59 34 88 301 281 173 51 62 61 723 418 76 ...... 1 3 5 .... .......5 9 .... ....... 3 5 ... 89 3 07 2 86 20 21 61 60 1 ,1 3 5 9 09 9 09 7 93 ....... 6 4 ... 7 30 1 15 0 0 0 201 25 1 ,1 4 6 9 18 918 800 65 736 118 0 0 0 204 24 120 0 120 170 50 60 60 .......7 32.... 424 76 136 60 3 6 ... 90 320 2 98 22 59 1 ,1 5 6 925 .......9 25... 802 65 7 37 122 0 0 0 2 07 24 0 1 20 21 168 49 59 60 7 45 4 33 76 170 49 60 61 7 62 4 40 79 132 35 27 23 174 50 61 63 7 94 4 47 87 62 36 92 340 317 23 58 .......6 5 ...... 37 99 3 62 3 39 24 58 152 ....... 7 0 ...... 38 113 3 88 364 25 58 1 ,1 6 5 927 1 ,2 2 3 958 ....... 9 56..... 8 32 67 7 65 124 34 24 34 24 20 20 176 52 63 61 7 15 4 13 ...... 75.... 0 411 188 145 805 65 7 39 123 0 0 0 2 14 24 124 34 25 2 0 2 241 24 1,361 1,039 1,032 901 69 833 131 8 0 7 297 24 2 143 38 30 24 180 51 64 64 843 455 100 2 157 43 35 27 189 53 70 66 .......901.... 464 112 171 49 39 32 198 55 75 68 9 59 472 121 168 ...... 79 41 129 426 4 00 26 58 189 ...... 91... ....... 4 5 ... 144 471 .......4 4 3 ... 28 58 21 2 1 ,55 3 1,153 1 ,138 1 ,7 5 8 1 ,278 1 ,256 1,109 74 ..... 1 ,035... 1 47 1 ,98 6 1,428 1,402 1,244 1,001 71 9 30 137 15 1 15 3 74 25 22 1 21 4 55 26 106 48 159 518 4 89 30 59 ...... 7 6 1,168 158 26 1 25 531 27 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 49 T a b le 2 . 6 . H is t o r ic a l- C o s t D e p r e c ia t io n o f P r iv a t e F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu re s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ] L in e 1951 1952 1953 1 2 1 6 ,3 9 4 1 7 ,8 6 2 1 1 ,0 82 1 0 ,9 2 9 1,241 C o m p u t e r s a n d p e r ip h e r a l e q u i p m e n t 3 4 5 S o ftw a re 1 6 C o m m u n ic a t io n e q u ip m e n t 7 In s t r u m e n t s 8 P riv a te fix ed a s s e t s E q u ip m e n t a n d s o f tw a r e N o n r e s id e n tia l e q u i p m e n t a n d s o f tw a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e P h o t o c o p y a n d re la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u ip m e n t 10 11 12 I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s S te a m e n g in e s In te r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 13 14 15 .... 1 6...... Î7 1954 1955 1956 1957 1958 1959 I9 6 0 1961 2 2 ,7 7 5 2 4 ,5 9 4 2 6 ,5 5 3 2 8 ,1 4 7 2 9 ,7 7 2 3 1 ,6 9 2 3 3 ,3 5 7 1 2 ,0 53 3 5 ,1 9 3 1 3 ,1 38 3 7 ,3 1 6 1 4 ,1 90 1 5 ,3 03 1 6 ,4 5 4 1 7 ,7 1 8 1 8 ,6 5 6 1 9 ,6 6 0 2 0 ,8 75 2 1 ,8 3 9 1 1 ,8 82 1,399 2 2 ,9 5 5 1 2 ,9 50 1 ,570 2 4 ,3 2 6 1 3 ,9 85 1 ,717 15,081 1,853 1 6 ,2 1 4 2,041 1 7 ,4 6 0 2 ,30 3 18,381 2 ,5 5 3 1 9 ,3 6 5 2 ,76 0 2 0 ,5 5 8 2 ,997 2 2 ,6 0 5 3 ,5 1 7 2 3 ,9 5 8 3 ,84 3 126 148 1 ,60 0 5 77 2 82 ....... 1 1 2 .... 0 0 0 0 4 18 2 13 73 536 2 ,473 2 67 116 47 69 4 78 2 49 83 5 89 2 ,73 9 3 07 692 7 58 0 0 68 0 0 551 284 95 640 3 ,02 6 352 6 13 3 08 108 687 3 ,346 3 98 7 32 3 ,665 4 39 65 65 78 69 ....... 7 6 812 861 122 55 0 0 667 3 32 0 0 737 3 67 133 804 4 ,039 4 79 0 0 8 29 4 07 147 9 20 4 ,47 5 5 30 9 1 3 ..... 87 9 02 9 88 117 99 1 ,008 1,068 9 13 441 156 1 ,043 4 ,83 2 581 2 45 137 108 1 .06 9 1,131 121 91 102 9 92 468 167 1,130 5 ,136 6 19 269 155 114 1,104 4 97 186 1,1 79 5 ,448 6 48 2 86 169 117 2 1 ,5 0 5 3 ,2 6 0 32 55 1 ,254 5 27 2 07 1 ,185 5 ,747 671 2 96 181 115 1,197 1,271 1,3 48 1 ,42 3 8 79 6 ,48 8 9 34 6 ,8 5 8 2 ,3 6 0 3 ,20 4 3 67 2 84 6 42 0 0 1 2 10 21 18 6 18 6 65 716 773 840 E le c t r ic a l t r a n s m is s io n , d is t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 9 27 1 ,02 7 1,111 1,185 1,265 19 281 3 ,947 329 4,1 43 4 39 4 ,80 4 1,592 2 ,413 94 158 548 4 ,118 601 79 522 6 17 5 08 4 93 5 ,195 5 54 5 ,43 9 6 27 5 ,67 7 6 95 5 ,72 4 760 5,9 03 8 20 6 ,293 A u to s 23 24 25 26 27 28 29 30 31 32 33 34 35 36 1,943 58 109 4 58 3 ,268 4 59 61 398 4 88 4 34 54 556 3 57 2 40 6 69 1,951 67 123 4 99 3 ,602 513 4 45 5 47 469 78 6 20 402 271 7 10 383 4 ,46 4 1,559 2 ,148 81 143 532 3,891 557 73 483 593 495 98 671 440 297 762 R a ilr o a d e q u ip m e n t O t h e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O th e r f u r n it u r e T r a c to r s F a rm t r a c t o r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s 38 39 40 92 84 3 24 .......9 7 ..... 94 3 48 103 97 372 7 06 461 3 16 8 15 2 06 107 98 3 96 S e r v ic e in d u s t r y m a c h in e r y 41 153 171 188 2 04 22 68 E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s R e s id e n tia l e q u i p m e n t S tr u c tu re s N o n r e s id e n tia l s tr u c tu r e s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c i a l 3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p it a l a n d i n s t it u t io n a l b u ild in g s O th e r A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 G as P e t r o le u m p ip e lin e s 110 N o n fa rm Im p ro v e m e n ts O t h e r r e s id e n t ia l6 S e e th e s e c tio n "F o o tn o te s t o th e T a b le s ." 693 7 00 5 28 1 72 7 76 5 72 4 15 1 ,015 242 119 212 6 18 5 ,27 2 854 106 7 47 719 541 179 8 08 608 4 32 1,0 74 120 2 ,782 226 252 6 17 5,566 915 111 804 7 57 571 186 8 62 6 56 437 ..... 1,109 317 334 3 50 368 1 0 ,8 17 1 1 ,5 1 8 1 2 ,2 3 8 1 2 ,9 9 0 6 ,7 3 7 3 ,1 0 8 7 ,1 1 0 3 ,342 1,155 545 9 ,491 10,112 5 ,3 4 5 2 ,30 5 9 07 3 68 4 19 15 4 04 130 98 83 3 00 86 5 ,6 4 5 2 ,473 946 3 99 462 17 445 145 107 92 3 22 99 91 94 1,295 519 174 3 46 ...... 61....... 204 .......6 7....... 2 17 .......5 4 5....... 32 60 613 34 60 67 689 37 61 7 70 39 62 2 ,7 1 3 1,899 1,853 1,679 80 1,599 174 46 2 ,9 6 8 68 2 ,2 3 3 2 ,4 7 0 70 1 ,564 1,399 78 1,321 165 31 1 ,709 1 ,539 79 1,460 170 37 71 72 73 74 75 76 77 78 79 1 29 611 27 1 36 695 28 2 44 784 29 2 ,00 8 1 ,830 81 1,749 179 54 2 52 875 31 1 ,19 2 2 76 982 794 4 47 1 ,218 299 114 185 8 43 2 96 8 ,8 3 5 481 129 234 126 ...... 5 2....... 173 9 46 7 48 441 995 8 14 128 5 29 4 ,9 7 5 2 ,11 3 8 40 3 34 3 78 13 366 116 90 74 281 80 1,021 116 9 43 7 82 2 75 122 8 ,1 4 0 90 1.231 5 12 161 3 19 6 ,51 0 1 ,113 491 4 ,5 7 6 1,907 7 57 303 331 215 71 57 51 228 61 83 84 1 ,159 502 149 288 1 ,016 115 901 7 70 5 83 187 9 22 7 26 4 44 1,1 66 258 112 7 ,4 7 2 64 50 45 2 18 58 81 78 1,087 491 138 259 143 .......5 6 ...... 189 6,010 4 57 4 ,2 1 6 1 ,729 693 277 282 9 274 90 73 61 253 200 3 ,04 0 3 28 276 6 34 9 87 7 ,275 2 ,56 9 3 ,36 6 3 89 240 6 ,8 7 8 221 6 114 1 ,334 1,501 222 3 ,91 0 1 ,590 646 258 2 46 7 2 39 79 65 56 240 64 191 4 187 57 45 38 208 57 79 72 1,111 6 ,3 3 0 6 99 3 09 103 424 6 ,3 3 0 221 2 ,994 2 85 265 6 26 5,821 9 69 114 855 7 74 5 85 189 898 701 4 44 1,141 255 118 137 6 40 89 1 ,432 551 2 33 1 ,14 6 6 ,0 1 7 685 3 02 190 119 130 581 3 ,6 1 7 1,468 598 243 H o u s in g u n it s F a rm I ll 101 2 ,76 8 177 5 ,8 0 9 66 5 - o r - m o r e - u n it 571 6 43 5 18 125 7 37 484 341 8 67 ......... 2 1 4..... 2 ,83 5 149 190 5 99 5 ,00 5 7 94 3 ,34 0 1,3 56 5 43 2 32 205 5 6 5 ....... M a n u fa c tu re d h o m e s 86 2,7 82 116 174 568 4 ,695 726 93 633 679 528 151 761 529 378 9 37 2 28 .......1 16 5 ,3 1 3 P e t r o le u m a n d n a t u r a l g a s P e r m a n e n t s it e 165 553 4 ,368 6 57 3 ,08 0 1 ,249 4 89 O th e r m in in g R e s id e n tia l s tr u c tu r e s 101 66 1,501 2,210 42 M in in g e x p lo r a t io n , s h a f t s , a n d w e lls O th e r n o n f a r m s t r u c t u r e s 5 ..... 1,666 2,711 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 1963 2 1 ,0 6 7 G e n e ra l in d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 20 1962 1 9 ,4 69 68 10 3 20 102 81 67 2 66 74 96 97 1,368 527 192 3 73 102 99 1 ,454 5 35 2 13 4 07 66 2 63 969 33 3 ,5 6 5 2 ,45 7 2 ,37 4 2 ,18 6 81 2 ,105 188 83 3 80 1 ,072 35 121 102 993 431 511 19 4 92 160 115 101 3 54 6 ,3 6 6 2,881 1 ,049 4 67 .......5 6 4 ...... 143 4 63 151 109 1,7 24 5 40 2 84 511 1 13 1 ,785 5 38 301 5 38 118 1,8 46 5 37 3 19 5 63 80 .......8 4 3 70 1,461 1 ,397 64 90 112 136 105 1,656 5 40 2 66 482 290 .......7 7 ...... 3 05 1 ,183 49 74 1,245 53 77 3 ,8 6 0 2 ,640 2 ,53 6 2 ,342 81 2 ,26 0 194 105 4 4 ,1 4 6 4 ,4 6 7 4 ,8 1 5 5 ,1 5 2 2 ,68 9 2 ,47 8 81 2 ,39 7 120 3 ,068 2 ,796 82 2 ,714 2 72 162 .......5 ...... 156 1 ,535 50 3 ,24 9 2 ,94 3 83 2,861 3 05 1 78 101 2 .872 2,631 82 2 ,55 0 240 143 5 138 1,406 46 1,291 42 5 06 6 23 127 424 1 ,11 7 46 71 1 ,182 38 1,102 1 13 3 89 78 3 26 1 ,353 1 ,29 7 56 82 124 4 164 7 68 601 1,582 5 39 248 451 2 68 7 6 ..." 285 211 ....... 1 1 2 ...... 5 43 176 103 1,5 38 541 231 4 45 2 47 74 2 68 ...... 6 9 ...... 70 72 229 2 42 255 ....... 8 9 9 ...... .......9 9 4 ....... 1,085 858 .......951....... ..... 1,041....... 41 43 44 64 66 68 3 ,2 5 6 2 ,255 2 ,18 9 2 ,00 6 81 1,925 183 88 110 6,002 2,666 ....... Ï 1 5 ... 149 701 I 348 ......1 ,3 5 0 ....... 60 86 5 ,501 3 ,6 3 9 3 ,4 4 5 3 ,09 2 84 3 ,0 0 9 3 53 194 5 ,8 8 0 3 ,88 8 3 ,675 3 ,256 85 3 ,17 2 419 213 188 1 ,79 8 64 2 06 1,9 19 73 6 172 1 ,670 56 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 50 T a b le 2 . 6 . H is t o r ic a l- C o s t D e p r e c ia t io n o t P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu re s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ] 1975 1976 1 39,748 42,918 46,778 50,596 54,714 59,584 64,528 69,720 76,686 83,488 91,856 100,416 1 1 0,016 2 25,952 28,224 31,119 33,965 37,057 40,760 44,447 48,177 52,593 58,124 64,634 71,145 78,355 3 25,564 27,814 30,686 33,509 36,574 40,239 43,881 47,559 51,910 57,362 63,786 70,209 77,330 4 ,273 C o m p u t e r s a n d p e r ip h e r a l e q u i p m e n t 4 5 S o ftw a re 1 6 C o m m u n ic a t io n e q u i p m e n t 7 In s tr u m e n ts 8 229 1 ,747 6 08 3 73 1,095 6 ,718 721 3 19 4 ,80 0 343 3 15 1,909 648 494 5,5 16 502 437 2 ,10 8 698 638 1,134 7 ,938 808 348 13,328 2,1 39 2,2 64 4,3 80 1,466 1,639 1,441 14,242 2 ,286 674 454 17,564 2 ,76 6 3 ,27 5 5 ,39 6 1 ,933 2 ,25 5 1 ,940 16,843 2 ,71 7 831 5 57 274 4 ,01 9 3 ,53 7 19,826 3 ,05 8 3,861 5 ,95 5 2 ,21 4 2 ,6 0 0 2 ,1 3 9 18,303 3 ,06 3 909 603 306 4 ,3 5 5 3 ,75 5 L in e P riv a te f ix e d a s s e t s E q u ip m e n t a n d s o f tw a r e N o n r e s id e n tia l e q u i p m e n t a n d s o f tw a r e 1964 1972 1971 1970 1969 1968 1967 1966 1965 1974 1973 9,2 52 1,341 1,231 3 ,22 8 1 ,048 1 ,063 1,340 11,391 1,496 494 308 186 2 ,763 2 ,54 8 10,464 1 ,588 1 ,548 3 ,61 9 1 ,16 6 1 ,20 7 1 ,336 12,362 1,841 544 351 193 2 ,93 9 2 ,70 4 11,733 1 ,849 1 ,876 3 ,975 1 ,30 0 1,395 1,3 37 13,308 2,0 89 604 4 02 3 ,08 6 2 ,860 3,317 3 ,059 15,382 2,4 78 2,7 14 4 ,88 0 1 ,683 1,931 1,696 15,503 2 ,487 753 506 2 47 3 ,662 3,301 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 17 118 1,431 1 ,590 2,222 8 ,072 1,099 936 2,854 942 949 1,293 10,364 1,179 448 273 174 2 ,529 2 ,37 9 G e n e r a l in d u s t r ia l, i n c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 1,612 1,749 1,915 2,0 76 2 ,208 2,351 2 ,516 2 ,67 0 2 ,91 6 3 ,04 0 3 ,289 3 ,5 7 2 3,901 E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 19 1,045 7 ,633 2 ,770 3,461 413 2 97 692 6 ,940 1,180 1,114 8,288 3 ,032 3 ,740 4 70 306 7 40 7 ,483 1,2 59 125 1,134 9 60 721 239 1,092 986 495 1,310 367 128 2 38 1,014 1,200 1,294 9 ,64 6 3 ,718 4,061 710 3 32 8 26 8 ,816 1,461 135 1 ,326 1,186 8 89 2 98 1,265 1 ,223 546 1,505 4 33 143 290 1 ,197 1,385 10,564 4 ,026 4 ,394 9 30 3 53 860 9,401 1 ,562 147 1,415 1,273 9 69 3 04 1,359 1,334 550 1,611 4 48 147 3 02 1 ,265 1,477 11,743 4 ,489 4 ,824 1,147 381 901 10,060 1,675 167 1,508 1,348 1 ,027 321 1,461 1,457 562 1,733 4 67 152 314 1,357 1,573 12,434 4 ,897 4 ,889 1,290 413 944 10,804 1,800 197 1 ,603 1,418 1,077 341 1 ,596 1,579 596 1,856 494 159 335 1,464 1 ,664 13,164 5 ,245 5 ,13 7 1 ,359 4 44 9 79 11,569 1 ,907 2 36 1,671 1 ,483 1 ,128 3 56 1 ,744 1,6 90 656 1,9 77 5 28 166 362 1 ,584 1 ,753 14,407 5,821 5 ,66 9 1,421 482 1 ,014 12,461 2,041 281 1,7 60 1,5 87 1,2 05 382 1,9 06 1 ,826 7 05 2 ,094 582 177 1,865 16,052 6,646 6,229 1 ,576 546 1,055 13,740 2,2 33 330 1,904 1,798 1,361 437 2,156 2,030 750 2,214 658 196 4 63 1,900 2,011 17,600 7 ,523 6,601 1,738 621 1,117 15,300 2,4 36 373 2 ,063 2 ,076 1,550 526 2 ,398 2 ,305 8 46 2,341 756 2 17 5 39 2 ,142 2 ,16 6 18,741 8 ,06 4 6,911 1 ,85 4 7 08 1 ,20 4 17,061 2 ,60 3 3 98 2 ,20 6 2 ,395 1 ,764 631 2 ,73 3 2 ,5 8 4 1,0 40 2 ,44 2 8 77 2 34 6 43 2 ,38 6 2 ,32 0 20,388 8 ,55 7 7,781 1,952 8 12 1 ,287 18,812 2 ,76 7 4 19 2 ,34 8 2 ,73 8 2 ,0 1 6 7 22 2 ,97 0 2 ,82 9 1,3 00 2 ,55 6 1 ,015 256 759 2 ,63 8 I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e 222 P h o t o c o p y a n d re la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u ip m e n t 10 11 12 I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k tr a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a il r o a d e q u ip m e n t O th e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O th e r f u r n it u r e T ra c to rs F a rm t r a c t o r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e i n d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u i p m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c tu r e s N o n re s id e n tia l b u ild in g s , e x c lu d in g fa rm In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l 3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo r a tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n tia l s tr u c tu r e s H o u s in g u n its P e rm a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p r o v e m e n ts O th e r r e s id e n tia l 6 S ee th e s e c tio n "F o o tn o te s t o th e T a b le s ." 13 14 15 16 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 200 121 1,059 877 665 212 1,031 878 467 1,249 331 120 212 9 26 1,091 7,2 43 757 330 205 125 1,566 1,727 137 1 ,763 1,905 6 ,343 6 93 588 2 ,32 7 7 68 7 64 1,203 8 ,705 863 3 73 2 23 150 2 ,024 2 ,074 7 ,129 884 7 39 2 ,559 851 854 1,242 9,4 80 967 406 245 161 2.291 210 9 ,073 3 ,399 4 ,006 565 318 785 8 ,158 1,355 129 1,226 1,074 799 275 1,171 1,107 528 1,404 405 137 268 1,114 202 4 05 1,721 220 41 388 410 433 456 483 521 566 618 683 762 849 936 1 ,026 42 13,796 14,694 15,658 16,631 17,657 18,824 20,081 21,543 24,092 25,363 27,221 29,271 31,661 43 7,505 7,981 8,537 9,113 9,698 11,839 13,100 13,792 14,766 16 ,07 4 17,500 3 ,596 1,218 585 743 27 7 16 2 23 155 163 509 185 195 130 1 ,913 536 3 40 5 90 360 87 393 1 ,506 1 ,439 3 ,91 7 1,313 6 29 819 30 7 90 2 39 166 185 5 65 2 04 2 08 153 1,991 537 365 621 3 80 4 ,30 4 1,453 674 909 32 877 257 180 208 624 223 4 ,69 4 1 ,603 7 18 997 34 9 63 2 72 196 2 30 6 79 239 2 29 5 ,070 1,740 768 1 ,089 36 1 ,053 288 213 2 53 720 255 2 36 2 28 2,311 549 451 751 461 98 4 97 1,694 1,608 10,346 5 ,484 11,059 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 68 67 96 68 69 70 71 72 73 74 75 76 77 78 79 6,292 4 ,167 3,9 30 3,4 34 86 3 ,34 8 4 97 237 7 2 30 2,041 83 88 4 16 1,555 1,483 72 102 6 ,714 4,4 59 4 ,19 0 3 ,620 87 3 ,53 2 5 70 2 69 8 261 2,161 94 220 182 2 ,080 540 392 654 404 89 441 1,6 03 1 ,52 6 76 110 7 ,122 4 ,73 3 4 ,428 3 ,797 89 3 ,70 8 631 305 9 296 2 ,283 106 191 7,694 2 ,498 1,204 1,930 39 1,891 344 286 483 949 4 06 293 250 3 ,189 592 722 1,143 609 123 695 2 ,006 1,870 136 208 7,5 1 8 7,959 8,478 9,022 9,7 0 4 10,992 11,571 4 ,99 0 4 ,64 7 3 ,96 4 91 3 ,87 3 6 83 3 43 5,2 88 4,8 94 4,1 48 94 4 ,05 5 7 46 394 5 ,659 5,191 4 ,354 96 4 ,25 7 837 4 69 13 4 56 2 ,69 0 129 6,043 5 ,490 4 ,548 98 4 ,450 941 553 15 538 2,847 133 6 ,54 2 5 ,89 0 4 ,82 5 7,6 28 6,8 44 5 ,609 104 5 ,505 1 ,235 7 84 211 2 ,18 5 5 44 421 6 96 431 93 468 1 ,648 1 ,567 81 118 10 3 33 2 ,41 2 1 16 86 127 11 3 83 2 ,548 123 1,886 831 1,1 99 37 1,161 302 2 30 283 754 274 245 2 36 2 ,453 557 4 86 812 495 103 5 24 1,747 1,655 92 139 5,9 39 2,0 43 901 1,322 38 1,283 314 244 323 792 296 255 241 2 ,608 564 535 878 524 107 554 1,803 1,702 6 ,44 8 2 ,18 5 980 1 ,499 39 1 ,460 3 25 258 371 831 321 2 66 2 44 2 ,78 0 572 5 93 9 54 550 113 5 86 1 ,852 1,741 101 111 155 173 101 4 ,72 5 1 ,065 6 52 18 6 35 3 ,02 8 134 7 ,410 2 ,59 7 1 ,080 1 ,816 39 1,777 3 34 2 72 4 25 885 3 57 2 78 250 2,971 581 6 52 1,041 577 118 6 23 1,905 1 ,783 122 22 762 3 ,230 134 8,002 7 ,064 5,622 108 5 ,514 1,442 9 38 27 911 3,435 134 451 3 10 249 3 ,430 6 07 802 1,248 6 40 133 7 05 2,1 98 2,0 43 155 226 8 ,85 0 2 ,88 0 1 ,45 8 2,191 42 2 ,1 4 9 3 65 3 05 6 02 1 ,05 0 477 324 2 48 3 ,6 9 0 6 25 8 78 1 ,358 6 67 1 62 772 2 ,5 1 4 2 ,332 1 83 247 9 ,47 6 3 ,12 9 1 ,560 2 ,353 45 2 ,30 8 3 76 312 665 1,0 80 4 92 341 2 47 3 ,97 9 6 47 9 48 1 ,479 6 89 215 8 48 2 ,92 9 2 ,71 0 219 2 70 12,455 13,197 14,161 8,653 7 ,582 5 ,957 113 5 ,843 1,625 1,071 35 1,036 3 ,66 9 134 9 ,09 6 7 ,9 4 0 6 ,2 1 8 119 6 ,09 9 1 ,72 2 1 ,156 43 1 ,11 3 3 ,96 7 1 34 9 ,69 8 8 ,46 4 6,6 94 124 6 ,57 0 1,770 1,234 50 1 ,185 4 ,3 2 7 1 35 8,206 2,6 47 1,337 2,0 18 40 1,978 354 2 97 542 1,010 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 51 T a b le 2 . 6 . H is t o r ic a l- C o s t D e p r e c ia t io n o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu re s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ] L in e 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1 2 1 2 2 ,5 5 0 1 38 ,4 86 1 58 ,0 95 178 ,18 1 2 00 ,62 1 2 2 4 ,1 8 8 2 46 ,6 16 2 7 2 ,8 7 5 3 0 3,0 3 8 3 3 0 ,1 8 4 3 5 5 ,0 4 0 8 8 ,0 52 3 8 0 ,4 6 3 1 0 0 ,4 7 3 1 1 5 ,2 0 3 4 1 1 ,7 1 9 1 3 0 ,3 9 4 1 4 6 ,9 8 5 1 6 3 ,6 3 0 179,901 2 00 ,46 1 2 23 ,42 1 2 44 ,59 1 2 6 3 ,4 8 6 6 7 128 ,85 1 35,833 5 ,849 7 ,228 10,660 4 ,176 3 ,97 3 3 ,94 7 2 8,766 5,3 18 1,269 745 524 6 ,972 5,465 1 7 7,8 6 2 6 0,773 14,679 12,887 16,300 6 ,356 5 ,360 5,191 3 7,0 72 6 ,428 1,502 864 6 37 9 ,070 7 ,28 3 1 98 ,22 1 71,661 18,786 15,540 18,289 7 ,17 7 5,861 6 ,0 0 9 3 9,249 6 ,59 2 1 ,559 902 6 57 9 ,42 6 7 ,95 7 2 20 ,9 63 8 3,3 55 2 3,0 34 18,665 20,504 8 ,036 6,408 6 ,708 4 1,9 30 6 ,704 1 ,637 944 693 9 ,989 8,7 37 2 4 1 ,9 0 0 9 4,327 2 6,777 2 1,6 34 22,781 8 ,88 7 6,871 7 ,377 4 4,7 60 6 ,75 6 1,711 9 79 7 32 1 0,6 30 9,571 1 0,4 89 2 7 9 ,7 2 2 115,32 3 3 4,607 2 8,028 2 7,1 15 10,719 7 ,83 6 7 ,01 8 5 0,3 03 6 ,7 0 3 1 ,837 1 ,050 787 11,754 11,523 3 0 2 ,2 8 9 1 26 ,81 9 37,821 3 2,8 48 29,311 1 1,8 07 8,431 6,601 5 3 ,7 25 6 ,833 1 ,939 G e n e r a l in d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 12,493 4 ,82 9 4 ,44 2 4,511 3 2,0 40 5 ,814 1 ,372 785 587 7,9 28 6 ,07 0 1 6 1 ,7 6 4 5 1 ,7 40 11,264 10,760 14,419 5 ,5 7 6 4 ,93 5 4 ,78 6 3 4,9 25 6 ,190 1 ,456 8 28 6 28 8 ,689 6 ,68 0 2 6 0 ,5 4 9 1 04 ,75 9 3 0,6 90 24,501 2 4 ,9 36 9 ,775 7 ,32 9 7 ,52 7 4 7 ,4 83 6 ,719 1 ,770 1 ,013 7 57 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 13 14 15 16 17 1 1 3 ,8 1 5 29,934 4,461 5,8 90 9,0 60 3 ,60 6 3 ,588 3 ,330 25,545 4 ,684 1,179 711 468 6 ,072 4 ,896 3 0 5 ,7 1 5 S o ftw a re 1 9 9 ,2 26 2 5,6 12 3 ,86 6 4 ,94 7 7,751 3 ,07 4 3 ,235 2 ,740 2 2,4 95 4,061 1 ,087 678 4 09 5 ,31 5 4 ,384 2 8 2 ,9 0 6 C o m m u n ic a t io n e q u ip m e n t 8 6 ,9 24 2 2,3 80 3 ,43 0 4 ,36 9 6 ,71 3 2 ,590 2 ,915 2 ,36 3 2 0,1 35 3 ,542 994 644 3 50 4 ,75 8 4 ,00 6 1 4 5 ,2 8 0 4 3,3 54 C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t 3 4 5 18 4 ,32 7 4 ,91 9 5 ,737 6 ,490 E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 7 ,302 8 ,04 4 8 ,62 3 9 ,19 5 9,9 47 10,805 1 1,6 36 12,432 1 3,2 80 19 2 ,50 7 2 3,1 99 9 ,603 9 ,232 2 ,08 2 9 14 1 ,367 2 ,72 9 2 6,917 11,173 10,943 2 ,29 3 2 ,977 3 0,5 62 12,973 12,133 2,631 1,141 1,685 27,774 3 ,89 9 536 3 ,363 4 ,16 4 2 ,95 3 3 ,253 32,978 14,179 12,488 3 ,109 1,282 1 ,919 3 1,274 4 ,453 580 3,8 74 4,5 93 3,291 1,302 4 ,665 5 ,070 2 ,414 3 ,672 2 ,003 376 1,626 4 ,403 3 ,55 5 3 5,1 36 14,814 13,209 3 ,584 1 ,454 2 ,076 34,751 5 ,059 624 4 ,435 4 ,92 9 3,561 1 ,368 4,9 82 5,531 2,9 27 4 ,03 7 2,300 398 1 ,902 4 ,98 6 3 ,86 6 3 7,195 15,381 14,126 3,961 1,6 03 2 ,12 3 3 7,9 03 5 ,71 7 6 63 5 ,05 4 5 ,115 3 ,73 4 1,381 5 ,21 2 5 ,77 7 3 ,43 8 4 ,39 2 2 ,62 0 4 04 2 ,216 5 ,63 2 4 ,16 7 3 9,929 16,117 15,755 4 ,28 5 1,6 63 2 ,10 9 4 0 ,0 89 6 ,435 699 5 ,73 6 5 ,132 3,811 1,321 5,221 5 ,846 3 ,544 4 ,73 4 4 ,5 2 0 4 4,7 97 17,756 18,709 4 ,55 9 1 ,67 8 2 ,09 6 42,514 7 ,27 6 745 6 ,53 2 5 ,26 4 3,951 1 ,31 4 5 ,20 5 6 ,08 0 3 ,43 7 5 ,15 6 5 ,28 8 5 4,893 2 2,447 2 3,535 5 ,16 6 1,659 2 ,08 7 4 7,9 19 9 ,20 3 848 8 ,355 5 ,44 6 4 ,09 7 1 ,349 5 ,074 6 ,96 7 3 ,05 9 6 ,18 8 5 ,65 8 57,826 2 3,9 53 2 4,5 70 5 ,607 1 ,639 2 ,05 7 5 0,4 80 410 2 ,92 0 6 ,765 6 ,05 4 6 0,7 48 25,267 2 5,743 6 ,07 3 1 ,624 2,041 5 3,3 48 11,242 953 1 0,2 89 5 ,6 8 7 4 ,2 7 7 1 ,410 5 ,04 3 7 ,55 6 2 ,53 8 7 ,30 7 4 ,87 5 4 57 4 ,41 8 9 ,10 0 6 ,47 7 6 3,6 34 2 6 ,3 56 2 7,1 36 6 ,43 9 1 ,620 2 ,08 2 5 8,1 12 12,334 9 90 1 1,3 44 5 ,9 4 8 4 ,47 0 1 ,478 5 ,27 9 404 2 ,535 6 ,237 4 ,91 6 50,336 20,251 2 1,5 02 4,811 1,673 2 ,099 4 5,3 42 8 ,23 0 795 7 ,435 5 ,406 4,071 1,335 5 ,166 6 ,524 3,2 92 5,6 76 3 ,7 b / 422 3 ,335 7,291 P riv a te fix e d a s s e ts E q u ip m e n t a n d s o ftw a r e N o n r e s id e n tia l e q u ip m e n t a n d s o ft w a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e In s tru m e n ts 8 P h o t o c o p y a n d re la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u ip m e n t 10 11 12 I n d u s t r ia l e q u i p m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s T r a n s p o r t a t io n e q u ip m e n t A u to s A ir c r a f t R a il r o a d e q u i p m e n t O th e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r f u r n it u r e T ra c to rs F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 21,211 3 ,02 7 451 2 ,57 6 3 ,13 2 2 ,28 6 846 3,431 3,1 74 1,5 86 2 ,73 4 E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tr u c tu re s N o n r e s id e n tia l s tru c tu r e s I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 38 39 40 O th e r c o m m e r c ia l3 R e lig i o u s b u ild in g s E d u c a t io n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o te ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 R a ilr o a d T e le c o m m u n ic a t io n s G as P e t r o le u m p ip e lin e s M in in g e x p lo r a t io n , s h a f ts , a n d w e lls O th e r m in in g O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n tia l s tru c tu r e s 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s i d e n t i a l 6 S ee th e s e c tio n "F o o tn o te s t o th e T a b les ." 1,212 4,241 4 ,475 2,135 3 ,308 1,718 ....... 347..... 1,371 3 ,833 4 35 3 ,70 3 7 ,844 11,211 10,222 904 9 ,318 5 ,52 6 4 ,14 4 1 ,382 5 ,00 7 7,2 92 2,771 6 ,72 6 4 ,50 5 447' 4 ,05 8 8 ,43 3 1,101 8 38 12,491 12,705 2 ,38 3 9 ,03 9 5,291 466 4 ,82 6 9 ,86 9 41 1 ,1 2 8 1 ,2 4 7 1 ,38 7 1 ,5 4 3 1 ,7 0 5 2 ,0 3 9 2 ,2 3 9 2 ,4 5 8 42 2 ,69 1 3 4 ,4 98 2 ,9 3 6 3 8 ,0 13 3 ,1 8 4 4 2,8 92 3 ,4 2 6 4 7 ,7 8 7 5 3 ,6 36 6 0 ,5 59 6 6,7 15 7 2 ,4 1 4 7 9 ,6 17 8 5,5 93 43 44 45 46 9 1 ,5 5 4 19,091 9 7 ,5 57 2 1 ,0 62 10,858 3 ,62 8 1 ,802 2 ,74 6 53 2 ,69 3 404 329 793 1 ,155 524 386 2 46 4,661 715 1,151 1 ,77 7 1 0 6 ,0 0 4 23,991 12,231 4,1 62 3,211 62 3 ,149 426 341 862 1,227 563 414 250 5 ,100 758 1,336 1,938 2 7 ,2 33 13,481 4 ,489 2 ,303 3,601 75 3,5 27 4 52 3 60 940 1,335 631 446 258 5 ,583 803 1 ,542 2 ,104 3 1 ,4 0 6 14,928 4 ,988 2 ,724 3,841 91 3 ,74 9 481 384 1,035 1,475 725 4 79 2 70 3 6 ,6 7 7 16,935 5 ,55 4 3 ,29 0 4 ,37 3 109 4 ,26 4 509 411 1 ,165 1,634 830 511 2 92 4 1 ,0 79 18,816 6 ,04 9 3,901 4,741 125 4 ,61 6 5 39 442 1 ,327 1 ,818 951 543 324 5 2 ,7 8 7 2 5,5 94 7,3 35 6 ,19 3 6 ,41 4 186 6 ,22 8 6 70 5 58 1,791 2 ,63 3 1 ,488 682 4 64 8,771 1 ,105 2 ,942 3 ,24 6 5 5 ,8 1 9 2 8,0 37 7 ,73 8 6 ,929 7 ,15 2 208 6 ,944 725 622 1 ,937 2,9 35 1,681 743 511 9 ,350 1,141 3 ,18 5 3 ,49 7 58,851 3 0,540 8 ,16 9 7 ,63 4 7 ,91 5 2 29 7 ,68 6 7 83 6 90 2 ,10 3 3 ,2 4 6 1 ,864 8 22 560 9 ,85 7 1 ,172 3 ,4 1 1 ..... 3 ,69 5 280 1,126 5,1 67 4,8 07 361 366 290 1,252 6 ,506 6,091 415 411 937 2 ,23 8 2 ,59 3 1,032 3 10 1,4 39 13,139 12,510 6 29 4 9 ,0 8 4 23,090 6 ,878 5 ,357 5 ,73 7 164 5 ,573 6 20 512 1,649 2 ,336 1 ,294 6 29 413 8,1 5b 1,0 50 2 ,692 2 ,986 ........ 2 7 3 ...... 1,019 4 ,19 8 3 ,88 3 314 3 27 893 1 ,995 2 ,44 5 982 307 1,4 10 11,196 10,623 5 73 5 14 4 4 ,7 5 7 2 0,6 02 6 ,4 1 9 4 ,55 0 5 ,03 4 142 4 ,89 2 5 76 474 1,4 95 2 ,05 4 1,1 08 581 3 65 7 ,58 5 987 2 ,46 0 2 ,757 3 10 1,521 15,554 14,835 7 19 762 3 10 1 ,529 16,013 15,265 7 49 8 79 310 1 ,550 15.893 15,136 7 57 990 311 1 ,572 15,786 15,026 7 60 1,0 95 18,901 12,899 11,259 9 ,192 143 9 ,050 2 ,066 1,640 73 1 ,567 5,871 132 6 3 ,2 2 3 3 4,1 72 8,721 8 ,34 9 9,661 251 9 ,41 0 846 7 53 2 ,28 4 3 ,5 5 9 2 ,04 8 9 13 5 98 10,351 1 ,20 3 3 ,65 5 3 ,84 8 1,331 3 13 1 ,755 15,753 14,986 7 67 1 ,193 2 0 ,5 53 13,858 12,072 9 ,853 145 9 ,708 2 ,21 9 1,786 82 1 ,704 6 ,565 131 2 3 ,8 8 2 15,756 13,700 11,174 144 11,030 2 ,52 5 2 ,05 6 2 5 ,6 36 16,829 14,615 11,909 145 11,764 2 ,70 6 2 ,21 4 109 2 ,105 8 ,669 137 3 0 ,5 3 3 20,032 17,457 14,211 151 14,059 3 ,24 7 2,5 75 140 2 ,43 5 10,354 148 3 2 ,8 0 5 3 5 ,7 3 5 22,971 2 0,137 16,297 158 16,139 3 ,83 9 2 ,835 171 2 ,66 3 12,602 162 3 8 ,7 06 2 4,7 32 2 1,7 99 1 7,7 27 166 17,560 4 ,07 2 2 ,93 4 177 2 ,7 5 7 13,801 172 4 2,7 81 2 7,496 2 4 ,4 73 2 0 ,1 89 175 2 0,0 14 4 ,28 4 3 ,02 3 182 2,841 15,102 183 C o m m e r c ia l b u ild in g s M o b i le s t r u c t u r e s 285 898 2 ,94 4 1,020 1,488 2 4,2 02 3 ,415 491 2 ,925 3 ,62 2 2 ,58 7 1,035 3,801 3 ,76 2 1,873 2 ,982 1 ,423 3 16 1 ,107 3,3 25 8,210 8,868 1989 48 49 50 51 52 53 54 55 56 58 59 60 61....... 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 10,120 3 ,36 0 1 ,667 2 ,54 4 48 2 ,496 388 320 729 1,112 505 361 2 46 4 ,29 2 678 1 ,025 1 ,618 ....... 7 13...... 259 926 3 ,457 3,191 265 296 1 5 ,4 08 10,529 9 ,18 3 7 ,34 7 130 7 ,21 6 1,8 36 1 ,34 6 57 1 ,289 4 ,7 4 5 134 1 6 ,9 50 11,562 10,076 8 ,14 3 137 8 ,00 6 1,934 1 ,485 65 1 ,420 5 ,25 6 133 2,002 849 1 ,755 2 ,27 7 .......9 1 2 ...... .......301...... 1 ,319 8 ,605 8 ,113 4 93 4 60 2 2 ,2 30 14,798 12,877 10,503 145 10,357 2 ,37 4 1,922 92 1 ,830 7,301 131 1,866 101 1 ,955 7 ,99 3 133 575 ....... 311....... 1,483 14,435 13,761 674 6 53 2 7 ,6 5 7 18,068 15,668 12,711 148 12,563 2 ,95 7 2 ,400 122 2 ,27 8 9 ,446 142 21,222 1 8,5 04 14,950 154 14,797 3 ,55 4 2 ,7 1 7 155 2 ,56 2 1 1,4 30 153 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 52 T a b le 2 . 6 . H is t o r ic a l- C o s t D e p r e c ia t io n o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ] 1992 1993 1996 1997 4 3 5 ,1 9 2 4 60 ,6 93 4 90 ,8 83 5 1 4 ,7 3 9 5 58 ,6 43 5 90 ,0 99 6 33 ,65 0 6 83 ,46 1 3 2 4 ,8 7 7 344,05 1 3 6 4,5 5 8 3 8 6 ,7 4 5 4 1 6 ,4 2 2 4 4 9 ,7 1 9 4 8 6,8 4 6 5 2 8 ,6 3 4 3 40 ,22 1 146 ,90 6 3 9,9 63 4 4,2 86 3 2 ,9 85 14,501 9,4 63 5,7 08 6 0 ,2 39 7 ,34 6 2 ,15 5 1,239 9 16 13,902 14,760 3 6 0,5 6 3 156 ,50 6 4 0,7 99 49,784 3 4,495 15,962 9,961 5 ,505 6 2,9 33 7 ,648 2,255 1 ,316 939 14,517 15,519 3 82 ,57 1 168,331 4 2 ,8 06 5 5,7 60 3 5,9 73 17,531 10,618 5 ,64 3 6 6,0 09 7 ,9 3 6 2 ,33 5 1 ,378 9 57 15,322 16,364 4 1 2 ,0 4 5 182 ,40 8 4 5,9 84 6 2 ,2 90 3 7 ,7 59 1 9,0 75 11,450 5 ,850 6 9,8 65 8 ,255 2 ,439 1,440 9 99 16,397 1 7,3 79 4 4 5 ,1 1 6 1 98 ,38 4 5 0,6 33 6 9,1 05 3 9,8 34 20,591 1 2,1 52 6,0 68 7 4,6 65 8 ,63 8 2 ,55 7 1 ,489 1,067 17,789 18,666 4 8 2,0 0 3 2 16 ,58 9 5 5,8 64 77,271 4 2,3 66 2 2,168 12,623 6 ,298 8 0,108 9,101 13 14 15 16 17 3 2 1 ,2 3 2 1 37 ,70 5 39,571 38,551 3 1,2 95 13,109 8 ,982 6 ,197 5 7,2 46 7 ,06 3 2 ,04 5 1 ,165 8 80 1 3,2 79 13,856 1,535 1,151 19,322 2 0,1 74 5 2 3 ,5 4 9 2 38 ,7 39 61,281 88,981 4 5,3 80 2 3,6 65 12,931 6,501 8 5,1 75 9 ,47 4 2 ,83 6 1 ,586 1 ,250 2 0,8 05 2 1,6 64 18 14,088 14,757 15,299 1 5,9 68 16,869 1 7,9 74 19,214 2 0 ,1 76 19 6 ,91 5 6 5,537 2 6,935 2 7,989 6 ,845 1,611 2 ,157 6 0,7 44 13,431 7 ,32 0 6 9 ,4 04 2 7,0 83 3 1,0 33 7 ,457 1 ,607 2 ,224 6 3,6 72 1 4,2 38 1,0 14 13,225 6,5 86 4,9 65 1,621 5 ,950 8,751 2 ,140 8 ,51 8 6 ,25 3 4 59 5 ,794 1 1,2 36 7 ,695 7 3,2 98 2 7,8 98 33,420 8 ,116 1,590 2 ,27 3 67,825 14,944 8 ,08 5 7 8,7 05 3 0,3 25 3 5,747 8 ,71 7 1,591 2 ,32 4 6 9,5 27 15,742 8 ,526 8 7,054 3 4,447 3 9,510 9 ,06 8 1,611 2 ,418 7 2,7 18 1 7,3 96 1 ,042 16,354 7 ,083 5 ,57 8 1 ,505 6 ,427 9 ,210 1,985 9 ,41 7 7 ,74 7 4 47 7 ,30 0 1 3,452 9,041 9 6,2 35 3 9 ,8 22 4 2 ,9 02 9 ,334 1 ,617 2 ,55 9 7 5 ,8 32 1 7 ,4 79 1,0 72 1 6,4 07 7 ,50 7 5,9 82 1,525 6 ,76 7 9 ,85 0 9 ,61 0 104 ,80 7 4 5,9 04 4 4,8 98 9 ,658 1,637 2,711 8 0,4 99 18,578 1 ,106 17,472 7 ,922 6 ,336 1,586 7,151 10,694 2 ,067 10,166 8 ,500 461 8 ,039 15,420 113,471 5 2,4 23 4 6,4 65 10,032 1,681 2 ,87 0 8 6,1 64 19,907 1 ,14 2 18,765 8 ,52 9 6 ,796 1 ,73 2 7 ,57 3 11,633 2 ,23 4 10,778 9 ,02 6 4 68 8 ,55 8 16,483 L in e P riv a te fix e d a s s e ts E q u ip m e n t a n d s o ftw a re N o n r e s id e n t ia l e q u ip m e n t an d s o ftw a re In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re C o m p u te r s a n d p e rip h e ra l e q u ip m e n t S o ftw a re 1 C o m m u n ic a tio n e q u ip m e n t In s tru m e n ts P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t In d u s tr ia l e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu r b in e s S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o r k in g m a c h in e ry S p e c ia l in d u s t r y m a c h in e ry , n .e .c . G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t E le c tric a l t r a n s m is s io n , d is tr ib u tio n , a nd in d u s tria l a p p a ra tu s T ra n s p o rta tio n e q u ip m e n t T ru c k s , b u s e s , a n d tr u c k t r a ile r s A u to s A ir c r a ft S h ip s a n d b o a ts R a ilro a d e q u ip m e n t O th e r e q u ip m e n t F u rn itu re a n d fix tu re s H o u s e h o ld fu r n it u re O th e r fu r n it u r e T ra c to rs F a rm tr a c to r s C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s M in in g a n d o ilf ie ld m a c h in e ry S e rv ic e in d u s tr y m a c h in e ry E le c tric a l e q u ip m e n t, n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n re s id e n tia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tru ctu res N o n r e s id e n t ia l s tru c tu re s N o n re s id e n tia l b u ild in g s , e x c lu d in g fa rm In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l 3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa r m b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo r a tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa rm s t r u c t u r e s 5 R e s id e n tia l s tru c tu res H o u s in g u n its P e rm a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p r o v e m e n ts O th e r r e s id e n tia l 6 See th e s e c tio n "F o o tn o te s to th e T a ble s." 1 2 3 4 5 6 7 8 9 10 11 12 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 1990 1,011 12,420 6 ,306 4 ,71 7 1 ,589 5 ,65 7 8 ,523 2 ,266 8 ,18 5 5 ,76 7 467 5 ,29 9 10,610 1991 1994 1,012 1,021 13,932 6 ,670 5 ,105 1,565 6 ,218 8 ,664 14,721 6 ,77 3 5 ,25 8 1 ,514 6 ,3 1 7 8 ,78 4 1 ,950 10,106 7 ,29 5 4 45 6 ,85 0 12,561 2,001 10,736 6 ,764 449 6 ,314 11,829 1995 2,020 9 ,69 4 8 ,11 3 4 53 7 ,65 9 1 4,4 03 2,686 10,220 41 3 ,6 4 5 3 ,8 3 0 3 ,9 9 6 4 ,1 7 4 4 ,3 7 7 4 ,6 0 3 4 ,8 4 3 5 ,0 8 5 42 1 1 0 ,3 1 5 1 1 6 ,6 4 2 1 2 6 ,3 2 4 1 2 7 ,9 9 5 1 4 2 ,2 2 0 1 40 ,3 80 1 4 6,8 0 4 1 5 4 ,8 2 8 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 8 7 ,1 8 7 52,051 1 3,6 27 12,142 13,850 371 1 3,4 79 1 ,298 1 ,473 3 ,80 8 5 ,85 3 3 ,40 4 1 ,71 9 730 14,122 1,5 59 5 ,13 6 4 ,90 3 65,611 3 5,9 92 9 ,42 6 9 ,025 9 ,44 7 2 74 9 ,17 3 908 8 24 2 ,47 4 3 ,88 8 2 ,267 9 99 6 22 10,894 1,2 36 3,901 4 ,03 6 1 ,408 314 1,615 15,798 15,018 7 80 1,311 6 8 ,9 8 2 3 8,4 99 1 0,1 46 9 ,576 10,069 292 9 ,77 7 965 9 00 2 ,66 4 4 ,17 9 2 ,459 1,074 6 47 11,431 1 ,266 4 ,093 4 ,25 6 1 ,496 3 20 1,643 1 5,9 70 15,170 8 00 1,4 40 7 2 ,9 22 4 1,5 37 10,768 9,9 69 11,599 304 11,296 1,014 978 2 ,849 4 ,35 9 2 ,559 1,137 663 11,937 1 ,298 4 ,243 4 ,458 1 ,606 332 1,880 15,987 15,166 821 1,582 7 4 ,6 5 6 4 2,690 1 1,2 92 10,307 11,412 3 13 1 1,0 99 1 ,06 3 1 ,055 3 ,0 4 7 4 ,51 5 2 ,63 0 1 ,205 6 80 1 2,4 30 1,3 37 4 ,37 6 4 ,6 5 7 1 ,71 5 3 46 1 ,836 15,971 1 5,1 28 8 44 1 ,72 9 8 0 ,6 92 4 7 ,5 37 11,799 11,908 1 3,6 18 3 23 13,295 1,114 1,136 3 ,249 4 ,713 2 ,716 1,2 95 7 02 13,505 1 ,378 4 ,74 8 5 ,222 1,796 361 1,725 16,070 15,191 8 79 1,856 8 0,091 4 6,8 85 1 2,3 85 1 1,0 50 1 2,6 56 336 1 2,3 20 1,1 68 1 ,226 3 ,43 4 4 ,96 7 2 ,844 1,413 7 10 1 3,3 34 1 ,425 4 ,65 5 4 ,99 8 1,881 3 75 1,758 1 6,1 45 1 5,2 30 9 14 1,9 69 83,221 4 9,0 33 13,010 11,539 12,966 352 12,615 1,227 1,333 3,611 5 ,347 3 ,077 1,553 7 17 13,972 1,484 4 ,848 5 ,250 389 1,796 16,353 15,410 943 2,067 404 1 ,842 17,026 16,049 9 76 2 ,147 4 4 ,7 0 5 2 8,1 00 2 4,9 87 2 0,5 13 187 20,327 4 ,47 4 3 ,11 3 199 2 ,91 4 16,411 194 4 7 ,6 5 9 2 9,9 60 2 6,777 2 2,164 199 2 1,964 4 ,61 4 3 ,18 3 216 2 ,96 7 17,498 5 3,4 02 34,621 3 1,3 57 2 6,6 47 209 2 6,4 37 4 ,71 0 3 ,264 230 3 ,03 4 18,578 204 5 3 ,3 3 8 3 3,2 02 2 9,8 00 2 5 ,0 19 6 1 ,5 2 8 3 9 ,8 97 3 6,2 75 2 8,0 16 232 2 7,7 84 8,2 58 3,6 23 2 99 3 ,324 2 1,417 214 6 0 ,2 8 9 3 7,2 44 3 3 ,3 12 2 8 ,3 75 244 28,131 4 ,93 7 3 ,932 400 3 ,53 2 2 2 ,8 27 2 18 6 3 ,5 83 3 9,142 3 4,8 38 29,741 255 29,486 5 ,098 4 ,304 4 79 3 ,825 2 4,2 15 226 6 7 ,6 4 0 4 1,6 96 36,991 3 1,7 03 268 3 1,4 35 5 ,28 8 4 ,70 5 538 4 ,16 7 25,708 2 36 201 220 2 4,7 98 4,781 3 ,40 2 2 44 3 ,1 5 8 19,927 2 09 2,001 2,121 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 53 T a b le 2 . 7 . H is t o r ic a l- C o s t In v e s t m e n t in P r iv a t e F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c t u r e s ; b y T y p e [M illio n s o f d o lla rs ] L in e P riv a te fix e d a s s e ts E q u ip m e n t a n d s o ft w a r e N o n r e s id e n tia l e q u ip m e n t a n d s o ftw a r e 1 2 C o m p u t e r s a n d p e r ip h e r a l e q u i p m e n t 3 4 5 S o ftw a re 1 6 C o m m u n ic a t io n e q u ip m e n t 7 In s t r u m e n t s 8 I n f o r m a t io n p r o c e s s in g e q u ip m e n t a n d s o f t w a r e P h o t o c o p y a n d re la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u ip m e n t 10 11 12 I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s 1901 1902 1903 1904 1905 1907 1906 1908 1909 1910 1911 1912 1913 2 ,7 9 4 3 ,241 3 ,4 8 8 3 ,3 2 4 3 ,9 4 9 4 ,5 1 9 4 ,7 9 7 4,0 11 4 ,731 4 ,9 8 5 4 ,7 6 2 5 ,3 6 3 5 ,5 3 9 681 7 89 855 770 9 29 1 ,2 1 7 1 ,4 7 2 919 1 ,1 2 6 1 ,3 2 7 1 ,2 4 2 1 ,6 0 2 1 ,8 2 4 681 7 89 855 770 9 29 27 1 ,2 1 7 43 1 ,4 7 2 41 908 27 1 ,11 3 83 1 ,3 1 3 103 1 ,2 2 6 95 1 ,5 8 3 1 ,8 0 6 0 0 0 0 0 0 0 324 28 33 33 0 0 0 0 0 0 0 361 30 36 36 0 0 0 0 0 0 0 395 33 38 38 0 0 0 0 0 0 0 315 26 29 29 0 0 27 0 0 0 3 57 33 35 35 0 0 38 5 0 0 4 45 41 43 43 0 0 35 6 0 0 443 42 41 41 0 0 23 3 1 0 284 27 25 25 0 0 30 5 1 47 380 36 33 33 0 0 40 5 1 57 4 35 39 37 37 0 0 37 5 2 51 4 00 37 31 31 110 0 0 122 0 0 44 5 48 7 2 59 4 36 43 33 33 2 65 4 59 46 33 33 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 13 14 15 16 17 G e n e r a l in d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 77 84 94 73 92 112 113 70 96 108 100 105 111 E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 19 43 231 50 2 66 57 316 47 266 26 3 35 37 4 46 34 525 22 30 204 39 3 06 36 2 80 26 43 5 48 56 51 47 713 52 61 S te a m e n g in e s In te r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O th e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O th e r f u r n it u r e T ra c to rs F a rm tr a c to rs C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O t h e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u ip m e n t 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 0 0 0 29 114 34 127 35 138 0 0 0 64 167 126 47 0 47 0 0 0 79 0 0 0 0 0 0 0 0 0 0 0 60 206 162 52 0 0 0 0 61 255 144 58 0 52 58 0 0 0 110 0 0 0 0 0 0 0 0 0 0 0 86 0 0 0 0 0 0 0 0 0 29 111 0 0 0 53 2 13 189 59 0 59 0 0 0 90 0 0 40 0 0 0 0 0 0 0 0 35 136 44 168 44 169 0 0 0 55 280 210 66 8 58 0 0 0 94 0 0 50 0 0 0 0 0 0 0 0 54 392 283 78 9 69 0 0 0 116 0 28 61 0 0 0 0 0 0 0 0 66 459 463 76 9 67 0 0 0 117 0 29 62 10 6 4 169 0 0 31 109 2 13 0 0 0 34 179 3 84 62 7 55 0 0 0 0 45 167 43 153 47 165 49 173 0 0 0 38 166 446 75 9 0 0 0 100 0 66 0 0 0 121 0 19 40 7 4 3 156 26 54 9 5 4 161 11 0 39 146 0 0 0 40 2 66 4 69 77 9 68 0 0 0 125 0 0 0 42 212 451 75 9 66 0 0 0 124 0 29 63 27 58 11 6 10 6 5 164 4 157 0 44 3 97 4 89 84 0 47 5 53 5 12 84 10 10 74 74 0 0 0 140 0 30 62 14 7 7 159 0 0 0 152 0 32 66 15 8 7 163 13 14 16 19 18 42 2 ,1 1 3 2 ,4 5 2 2 ,6 3 3 2 ,5 5 4 3 ,0 2 0 3 ,3 0 2 3 ,3 2 5 3 ,0 9 2 3 ,60 5 3 ,6 5 8 3 ,5 2 0 3 ,761 3 ,7 1 5 1 ,2 7 6 4 70 136 99 50 1 ,6 4 4 678 209 126 107 1 ,7 9 0 690 1 ,6 0 8 546 151 103 62 1 ,5 9 5 5 67 162 1 ,84 2 7 10 204 2,010 1 ,7 8 0 669 2 08 119 94 2 ,03 8 785 239 118 2 ,3 3 9 7 70 253 134 132 2 ,2 3 2 8 33 2 77 196 103 2 ,3 4 5 977 345 216 147 2 ,3 1 3 9 25 311 2 09 125 P e t r o le u m a n d n a tu r a l g a s 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 O t h e r m in in g 66 S tr u c tu r e s N o n r e s id e n tia l s tru c tu r e s N o n r e s id e n tia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p it a l a n d i n s t it u t io n a l b u ild in g s O th e r H o te ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic lig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a r m r e la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n tia l s tru c tu r e s H o u s in g u n its P e r m a n e n t s ite 1 - to - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n "F o o tn o te s to th e T a b le s ." 67 68 69 70 71 72 73 74 75 76 77 78 79 0 50 12 8 6 159 25 18 116 585 4 38 32 50 13 52 102 58 49 9 61 837 736 7 36 6 87 106 581 49 0 0 0 88 13 0 107 19 12 10 195 33 25 137 7 00 535 36 61 15 53 105 63 55 8 210 126 107 0 107 19 12 10 206 23 25 158 822 653 44 62 13 50 0 62 14 8 7 201 23 15 163 8 16 631 44 68 16 57 102 101 78 67 81 70 11 11 102 61 0 61 14 8 7 2 13 25 18 1 70 8 00 5 87 55 74 24 60 97 75 63 12 98 98 64 56 808 700 700 654 108 5 46 46 843 731 731 676 104 572 55 946 813 813 751 103 6 48 62 1 ,4 2 5 1 ,27 8 1 ,27 8 1 ,17 4 99 1 ,075 104 0 0 0 90 18 0 0 0 99 13 0 0 0 115 18 0 0 0 137 10 121 97 0 97 18 11 9 250 30 751 216 127 106 0 106 19 12 10 198 860 6 18 73 83 26 60 261 29 25 207 965 711 61 93 33 67 102 101 95 81 14 75 107 90 17 1 ,46 0 1 ,300 1,300 1,206 104 1 ,3 1 5 1 ,163 1,163 1,080 22 1,102 94 0 0 0 139 21 86 0 94 18 11 10 209 29 23 157 8 49 6 07 38 115 45 44 98 82 68 14 82 1 ,3 1 2 1 ,158 1 ,158 1,0 75 102 100 978 83 9 75 83 0 0 0 136 16 0 0 0 139 15 120 0 120 21 13 10 264 29 25 0 132 22 14 11 941 682 40 134 53 32 103 90 76 14 119 204 26 28 150 1,3 04 9 94 55 149 70 36 109 80 65 15 76 1 ,56 7 1 ,403 1,403 1 ,289 104 1,185 114 1 ,3 1 9 1 ,168 1 ,168 1,065 114 951 103 210 0 0 0 148 16 0 0 0 137 14 0 103 24 15 13 2 05 38 31 136 1 ,108 770 57 171 78 32 105 74 61 13 112 1 ,2 8 8 1 ,135 1 ,135 1,035 110 9 25 0 147 30 19 15 205 41 65 99 9 60 5 92 69 192 85 22 113 0 125 27 17 14 222 30 30 162 9 38 695 59 111 53 20 83 17 195 113 151 134 17 186 1 ,4 1 6 1 ,259 1 ,259 1 ,14 8 119 1 ,02 9 1 ,4 0 2 1 ,254 1 ,254 1 ,143 119 1 ,024 100 100 0 0 0 111 0 0 0 111 0 0 0 133 135 132 16 20 22 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 54 T a b le 2 . 7 . H is t o r ic a l- C o s t In v e s tm e n t in P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ] L in e P riv a te fix e d a s s e ts E q u ip m e n t a n d s o ftw a re N o n r e s id e n t ia l e q u ip m e n t and s o f tw a re In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re C o m p u te rs a n d p e r ip h e ra l e q u ip m e n t S o ftw a re 1 C o m m u n ic a tio n e q u ip m e n t In s tru m e n ts P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t In d u s tr ia l e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu r b in e s S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o r k in g m a c h in e ry S p e c ia l in d u s tr y m a c h in e ry , n .e .c . G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a n d in d u s tria l a p p a ra tu s T ra n s p o rta tio n e q u ip m e n t T ru c k s , b u s e s , a n d tr u c k tr a ile r s A u to s A ir c r a ft S h ip s a n d b o a ts R a ilro a d e q u ip m e n t O th e r e q u ip m e n t F u rn itu re a n d fix tu re s H o u s e h o ld fu r n it u re O th e r fu r n it u re T ra c to rs F a rm tr a c to r s C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s M in in g a n d o ilf ie ld m a c h in e ry S e rv ic e in d u s try m a c h in e ry E le c tric a l e q u ip m e n t, n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n re s id e n tia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tru c tu re s N o n r e s id e n t ia l s tru c tu re s N o n re s id e n tia l b u ild in g s , e x c lu d in g fa r m In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l J R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo ra tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa rm s t r u c t u r e s 5 R e s id e n tia l s tru c tu res H o u s in g u n its P e rm a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 -o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S e e th e s e c tio n "F o o tn o te s to th e T a b le s ." 1914 1916 1915 1917 1918 1919 1920 1922 1921 1923 1924 1925 1926 1 4 ,6 3 0 4 ,4 8 3 6 ,0 3 3 6 ,9 4 9 7 ,4 5 2 8 ,62 7 1 0 ,0 46 8 ,3 1 6 1 0 ,0 69 13,341 1 3 ,2 62 1 4 ,6 40 1 5 ,5 33 2 1,431 1 ,5 0 3 2 ,3 6 7 3 ,4 7 6 4 ,4 2 0 4 ,0 6 9 4 ,2 7 3 3 ,18 1 3 ,3 3 3 4 ,7 2 4 3 ,8 3 9 4 ,5 0 7 4 ,5 8 8 3 4 5 1 ,41 5 116 1 ,4 8 5 137 2 ,3 4 4 208 3 ,4 4 4 293 4 ,3 8 4 358 4 ,0 2 8 292 4 ,21 1 332 3 ,1 4 0 207 3 ,2 9 0 264 4 ,6 6 8 330 3 ,7 7 9 340 4 ,4 4 0 3 72 4 ,5 1 5 404 6 0 0 7 40 8 12 13 14 15 16 17 4 60 3 82 39 26 26 b 42 145 18 19 9 10 11 12 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 0 0 44 15 4 74 436 37 29 29 0 0 0 70 16 5 117 718 51 46 20 53 168 26 94 281 91 106 178 39 4 13 41 63 43 413 77 84 0 43 266 504 78 9 69 23 23 0 142 0 0 66 186 499 67 8 59 32 32 0 154 0 68 7 70 125 102 0 68 4 75 648 79 9 70 36 36 0 177 0 0 0 89 28 9 167 1,010 63 66 29 37 139 3 96 0 0 91 60 18 189 1 ,036 65 71 31 40 166 4 18 259 227 87 1 ,255 2 33 153 89 1,863 510 3 08 0 70 7 99 886 94 11 83 61 61 0 185 39 81 139 26 14 0 72 9 73 1,127 101 12 89 147 147 0 222 0 0 92 38 0 0 0 0 66 0 0 100 151 881 81 59 26 33 170 380 116 44 13 159 664 50 54 24 30 119 316 26 135 3 45 26 95 360 101 62 1 79 198 63 2,0 97 409 671 65 1 ,34 7 2 26 4 60 96 1 ,359 3 14 4 29 11 90 1,715 4 22 535 0 132 626 1,140 133 16 117 165 165 0 0 3 79 638 1 ,118 79 21 58 182 182 0 28 9 104 8 47 85 38 12 1 3 24 3 36 739 143 18 125 52 52 0 31 10 123 8 78 91 38 12 2 3 28 286 789 181 22 159 68 57 11..... 106 34 94 105 13 0 0 114 34 0 0 0 0 122 1,201 120 207 497 44 19 25 96 4 17 45 19 26 145 4 26 154 40 14 196 1 ,293 123 45 19 26 174 427 284 266 3 34 373 126 1,341 4 28 2 54 131 1 ,728 520 552 151 1 ,537 501 296 12 170 1,260 123 38 17 21 111 1,957 427 549 2 296 683 1,121 270 33 237 93 79 14 188 61 116 131 16 128 31 11 170 1,071 2 141 516 1,027 299 ...... 3 7 .... 2 62 89 74 15 158 60 133 39 13 .......1 8 7.... 2 2 76 3 78 1 ,13 9 3 08 37 271 114 91 23 187 76 94 147 18 1 62 36 60 96 9 3 00 2 32 52 99 139 34 18 16 301 9 181 13 188 16 246 17 178 18 195 2 52 53 0 0 6 305 4 29 1,281 318 39 2 79 129 104 25 2 28 88 167 142 9 184 261 52 94 151 27 14 13 333 41 16 18 23 32 36 41 62 41 43 56 60 67 73 42 3 ,1 9 9 2 ,9 8 0 3 ,6 6 6 3 ,4 7 3 3 ,0 3 2 4 ,5 5 8 5 ,7 7 3 5 ,1 3 5 6 ,7 3 6 8 ,61 7 9 ,42 3 1 0 ,1 33 1 0 ,9 4 5 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 1 ,8 2 4 1 ,501 616 197 117 85 2 ,051 889 2 59 236 117 2 ,31 2 9 62 3 24 2 03 2 ,2 8 5 810 342 171 84 O 84 16 2 ,7 6 9 1 ,085 544 196 4 ,1 6 8 2 ,18 3 2 ,9 1 3 1 ,51 9 5 72 287 224 3 ,2 6 9 1,695 489 366 2 46 4 ,0 6 7 1 ,972 603 421 294 4 ,221 1,966 5 12 4 26 3 32 4 ,5 1 9 2,2 42 5 13 4 69 3 69 5 ,28 5 2 ,833 7 27 6 00 511 27 55 12 6 6 686 224 127 107 0 107 19 12 10 187 31.... 42 114 801 5 70 54 111 46 20 113 136 122 66 14 67 88 68 69 70 71 72 73 74 75 76 77 78 79 1 ,3 7 5 1,226 1,226 1,097 119 9 78 129 0 0 0 132 17 31 60 13 7 6 0 85 16 10 9 182 26 35 121 613 417 43 92 41 20 53 99 20 11 0 117 26 16 14 221 39 57 125 736 4 68 61 117 70 111 0 111 1,161 1,008 1 ,008 9 23 205 7 18 85 7 47 629 629 602 208 394 27 1 ,7 8 9 1,591 1,591 1 ,465 284 1,181 126 20 221 2 59 82 19 67 182 29 220 1 ,4 7 9 1,3 29 1,3 29 1,1 74 1 ,6 1 5 1,446 1 ,446 1 ,296 158 1 ,138 150 0 0 0 136 14 0 0 0 148 21 102 0 102 39 62 147 211 111 12 26 24 245 305 264 41 59 104 68 124 27 15 27 17 13 186 49 58 79 9 34 6 20 76 156 56 26 340 349 3 22 27 61 25 16 13 2 70 42 54 174 808 5 35 85 123 45 101 1,063 155 20 12 86 0 0 0 1 30 23 10 9 178 29 35 114 866 641 73 102 0 0 0 102 16 0 0 0 172 26 1,101 396 280 0 2 80 55 22 30 299 84 104 111 1,1 50 645 124 2 62 78 41 261 493 4 56 37 81 1 ,6 0 5 1,390 1,390 1 ,283 2 72 1,011 107 0 0 0 169 46 0 0 2 24 71 32 44 2 89 81 1 19 89 927 5 66 102 163 66 30 111 282 266 16 74 2 ,2 2 2 1 ,949 1 ,949 1 ,77 0 1 19 1,651 179 0 0 0 229 44 0 0 0 0 140 17 0 0 112 120 1,040 5 14 117 2 29 139 41 133 3 09 2 87 92 1,486 730 158 412 133 53 154 349 3 17 32 106 3 32 130 91 63 4 12 166 1 30 116 1,669 7 34 196 4 63 206 70 145 324 2 98 26 117 3 ,4 6 7 3 ,12 6 3 ,12 6 2,7 72 123 2,6 49 354 4 ,5 5 0 4,1 68 4,1 68 3 ,61 3 147 3 ,466 555 5 ,20 2 4 ,779 4 ,779 4 ,139 138 4,001 640 2 46 103 61 53 377 133 132 22 0 0 0 2 69 72 294 117 83 57 397 149 128 86 0 0 0 301 81 0 0 0 3 34 89 0 0 3 69 165 108 79 5 39 231 125 158 21 0 21 2 14 0 421 171 55 149 390 3 62 28 113 511 177 108 83 6 27 2 66 2 55 106 1,765 892 2 27 3 62 2 48 36 140 4 33 4 03 30 114 5 ,6 1 4 5 ,12 7 5 ,12 7 4 ,29 2 146 4 ,14 6 835 5 ,66 0 5,1 32 5,1 32 4,1 48 1 40 4 ,00 8 9 84 200 1 08 1 ,625 7 68 210 0 0 0 3 63 124 0 0 0 3 84 144 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 55 T a b le 2 . 7 . H is to r ic a l- C o s t In v e s t m e n t in P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f tw a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ] L in e P riv a te fix e d a s s e ts 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1 1 4 ,7 0 2 1 4 ,3 9 9 1 4 ,3 37 1 0 ,5 46 6 ,73 2 3 ,501 2 ,8 9 2 3 ,9 2 8 5 ,0 3 0 6 ,7 5 4 8 ,7 5 7 2 7 ,2 5 7 8 ,6 2 3 4 ,1 4 0 4 ,3 1 4 4 ,9 8 3 3 ,8 0 0 2 ,3 7 6 1 ,3 6 5 1,211 1 ,7 9 3 2,3 3 4 3 ,1 9 7 4 ,0 7 6 3 ,0 3 5 3 ,3 6 0 4 ,0 6 6 3 82 4 ,2 4 6 4 ,9 0 5 459 3 ,7 3 3 349 2 ,3 1 9 2 48 1 ,3 2 9 147 1,171 134 1 ,7 4 2 186 2 ,2 7 4 245 3 ,1 2 5 310 3 ,9 9 6 4 26 2 ,9 6 5 3 16 C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t 3 4 5 3 ,2 8 3 367 0 S o ftw a re 1 6 0 C o m m u n ic a t io n e q u ip m e n t 0 0 7 In s t r u m e n t s 8 P h o t o c o p y a n d re la te d e q u ip m e n t 9 E q u ip m e n t a n d s o ftw a re N o n r e s id e n t ia l e q u ip m e n t a n d s o ftw a re I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e O ffic e a n d a c c o u n t in g e q u ip m e n t I n d u s t r ia l e q u ip m e n t 10 .... 11...... 345 3 54 19 144 1 ,174 399 2 56 169 1,213 4 22 270 31 229 261 1,3 18 3 22 38 284 150 G e n e r a l in d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t E le c t r ic a l t r a n s m is s io n , d is t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s T r u c k s , b u s e s , a n d t r u c k tr a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O th e r e q u ip m e n t F u r n it u r e a n d f i x t u r e s H o u s e h o ld f u r n it u r e O th e r f u r n it u r e T ra c to rs F a rm t r a c t o r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O t h e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u ip m e n t 201 18 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 13 14 15 16 17 T r a n s p o r t a t io n e q u i p m e n t 212 1 ,290 108 44 184 55 19 2 19 396 E n g in e s a n d t u r b in e s M e t a lw o r k in g m a c h in e r y 200 1,198 107 35 14 154 45 14 0 0 1 69 3 98 12 I n t e r n a l c o m b u s t io n e n g in e s 125 43 14 0 0 1,452 130 54 24 30 229 410 F a b r ic a te d m e ta l p r o d u c t s S te a m e n g in e s 425 0 0 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 21 12 166 341 1 ,312 332 40 2 92 162 1 19 43 231 88 1 09 1 59 20 0 20 211 20 24 101 49 2 43 87 118 159 24 0 24 2 15 68 0 0 0 0 139 50 16 144 1,048 113 45 20 94 38 0 0 41 25 11 69 185 14 127 227 24 1 92 308 132 128 174 2 40 3 34 399 46 3 45 33 276 186 51 7 55 467 280 55 13 18 83 5 16 3 47 58 101 97 7 47 158 104 741 450 36 5 55 195 1 ,01 7 184 73 4 03 49 11 86 210 4 7 32 133 442 310 2 24 187 1,526 680 230 39 204 373 1,468 376 43 333 186 142 44 265 91 143 186 59 32 27 162 147 1,113 501 118 13 109 372 1,223 309 35 274 174 115 59 252 72 136 99 591 363 51 13 83 81 755 198 24 174 114 53 61 1 14 43 41 118 30 16 14 97 78 67 57 88 148 44 24 20 60 27 7 92 558 59 16 221 60 1 18 45 4 34 119 14 105 56 ....... 22.... 34 .......6 2.... 6 10 22 3 70 104 ....... 12.... 92 30 25 .......5 ..... 49 6 10 531 144 17 127 69 63 85 34 8 118 766 64 25 11 6 8 20 20 22 170 9 44 4 67 44 19 63 351 1,264 2 43 26 2 17 2 69 226 43 2 29 71 76 7 5 75 89 96 1 62 207 174 33 1 76 54 117 1 33 30 16 14 116 36 40 51 60 72 80 10 30 66 15 9 6 6 33 61 12 6 71 16 51 75 16 8 8 138 131 1 09 43 14 144 1 ,057 75 44 0 0 32 151 8 25 146 2 87 15 35 23 5 71 391 38 9 3 0 0 174 60 17 175 1,3 62 94 64 28 36 2 66 3 69 12 104 7 25 80 26 0 0 120 ...... 11..... 136 30 78 94 24 14 10 120 168 51 28 23 113 0 0 0 0 117 43 12 144 945 70 43 19 24 153 2 78 143 58 16 1 50 1,0 97 79 54 25 29 208 2 96 2 89 3 19 112 141 781 4 63 70 23 55 1 70 1 ,038 226 6 72 3 36 60 14 120 142 1 ,032 203 24 179 2 04 171 33 2 29 60 80 127 35 19 16 94 22 2 04 188 1 57 31 1 83 55 90 143 43 23 20 110 41 74 70 77 42 1 0 ,5 6 2 1 0 ,0 8 5 9 ,3 5 4 6 ,7 4 6 4 ,3 5 6 2 ,1 3 6 1,681 2 ,1 3 5 2 ,6 9 6 3 ,5 5 7 4 ,681 4 ,2 2 2 5 ,2 6 3 5 ,2 7 5 2,8 28 6 99 607 5 39 5 ,1 5 9 2 ,83 6 801 6 44 4 82 5 ,4 8 7 2 ,937 949 4 ,4 5 9 2 ,6 3 3 2,221 1,210 221 1 ,4 0 5 5 53 74 135 85 1 ,1 0 5 447 176 82 46 1 ,2 4 7 512 191 1 ,4 4 7 542 158 105 104 1 ,8 8 9 7 92 266 1 80 105 2 ,6 7 9 1,1 79 4 92 206 184 2,1 41 851 232 1 70 113 2 ,2 6 6 8 93 2 54 1 59 1 29 P e t r o le u m a n d n a t u r a l g a s 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 O th e r m in in g 66 S tru ctu res N o n r e s id e n t ia l s tru c tu res N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c i a l 3 R e lig io u s b u ild in g s E d u c a t io n a l b u ild in g s H o s p it a l a n d i n s t it u t io n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U tilitie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic lig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n t ia l s tru c tu re s H o u s in g u n it s P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s i d e n t i a l 6 S ee th e s e c tio n "F o o tn o te s to th e T a b le s ." 67 68 69 70 71 72 73 74 75 76 77 78 79 0 539 179 106 1 06 5 92 2 14 ....... 2 5 2..... 126 1 ,772 861 212 3 62 2 57 80 171 377 350 27 127 5 ,2 8 7 4 ,77 5 4 ,77 5 3,731 164 3 ,56 7 1,044 0 0 0 396 116 0 668 469 0 482 168 107 469 147 100 104 480 5 3 4 ..... 169 224 141 1,666 8 17 2 46 3 38 212 53 152 3 94 3 65 29 111 4 ,9 2 6 4,421 4,421 3 ,498 1 60 3 ,33 8 9 23 0 0 0 4 14 91 120 159 .......1 73...... 148 1,859 883 354 350 185 87 139 450 420 30 102 3 ,8 6 7 3 ,340 3 ,340 2 ,67 7 131 2 ,546 663 0 0 0 441 86 532 551 346 0 346 135 118 109 430 130 148 152 1,745 824 333 377 181 30 70 336 315 21 2 56 196 0 196 87 100 71 279 ..... 45 123 ....... T T i ..... 1 ,108 5 23 166 225 117 77 30 2 23 210 0 85 45 53 34 127 26 ....... 6 0 ..... 41 585 286 87 109 66 37 10 2 17 210 87 13 62 7 40 2 ,2 8 7 1,808 1,808 1,574 94 1,480 2 34 1 ,7 2 3 1,465 1 ,465 1 ,300 55 1,245 165 731 5 77 5 77 5 50 25 5 25 27 0 0 0 4 09 70 0 0 0 233 25 0 0 0 140 14 0 101 70 0 46 70 22 21 15 10 96 23 34 39 377 231 45 59 35 7 15 220 210 10 46 576 371 371 345 26 319 26 0 0 0 193 12 14 9 106 29 33 44 451 283 47 66 43 12 25 222 210 12 37 888 603 6 03 5 77 30 547 26 0 0 0 2 69 16 0 104 28 17 10 120 32 34 54 4 90 283 52 87 48 20 57 3 30 3 15 15 28 1 ,2 4 9 8 79 8 79 831 48 7 83 48 0 0 0 3 52 18 0 105 34 40 ...... 1 7..... 1 50 39 53 58 667 343 67 1 39 77 41 72 336 315 0 184 44 42 31 180 52 73 55 8 29 411 102 169 80 67 88 5 53 525 28 30 21 22 1,668 2,002 1 ,228 1 ,228 1 ,11 4 60 1 ,05 4 114 1,507 1 ,507 1 ,354 83 1,271 153 0 0 0 419 21 0 0 0 467 28 0 113 51 40 35 0 76 442 4 25 17 30 1 29 48 39 31 2 33 58 99 76 8 47 3 43 93 265 61 85 82 417 3 92 25 27 2,081 1 ,630 1 ,630 1 ,492 64 1 ,428 138 2 ,9 9 7 2 ,49 0 2 ,4 9 0 2 ,25 4 90 2 ,16 4 236 210 49 96 65 7 42 2 97 92 267 65 21 0 0 0 4 25 26 0 0 0 475 32 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 56 T a b le 2 . 7 . H is t o r ic a l- C o s t In v e s tm e n t in P r iv a te F ix e d A s s e ts ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu re s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ] Line P r iv a te f ix e d a s s e t s E q u ip m e n t a n d s o f tw a r e N o n r e s id e n tia l e q u i p m e n t a n d s o f tw a r e In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re C o m p u te rs a n d p e r ip h e ra l e q u ip m e n t S o ftw a re 1 C o m m u n ic a tio n e q u ip m e n t In s tru m e n ts P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t In d u s tr ia l e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu r b in e s S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o r k in g m a c h in e ry S p e c ia l in d u s tr y m a c h in e ry , n .e .c . G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a n d in d u s tria l a p p a ra tu s T r a n s p o r ta tio n e q u ip m e n t T ru c k s , b u s e s , a n d tr u c k tra ile rs A u to s A ir c r a ft S h ip s a n d b o a ts R a ilr o a d e q u ip m e n t O th e r e q u ip m e n t F u rn itu re a n d fix tu re s H o u s e h o ld fu r n it u re O th e r fu r n itu r e T ra c to rs F a rm tr a c to r s C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s M in in g a n d o ilf ie ld m a c h in e ry S e rv ic e in d u s tr y m a c h in e ry E le c tric a l e q u ip m e n t, n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n re s id e n tia l e q u ip m e n t R e s id e n tia l e q u i p m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c t u r e s N o n re s id e n tia l b u ild in g s , e x c lu d in g fa rm In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l 3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa r m b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo r a tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g as O th e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n tia l s tr u c tu r e s H o u s in g u n its P e rm a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p r o v e m e n ts O th e r r e s id e n tia l 6 S ee th e s e c tio n "F o o tn o te s to th e T a b le s ." 1940 1942 1941 1944 1943 1947 1946 1945 1948 1949 1951 1950 1952 1 2 1 0 ,5 32 12,671 8 ,5 4 4 6 ,8 8 9 8 ,7 8 6 1 2 ,3 7 7 2 4 ,6 56 34,461 4 1 ,7 54 38,981 4 7 ,7 52 49,571 4 9 ,6 93 4 ,4 4 5 5 ,5 0 3 4 ,1 5 8 3 ,7 1 4 5 ,1 0 7 7 ,4 2 4 1 0,3 07 1 5 ,1 09 1 6 ,8 98 1 5,3 33 1 7,4 29 1 9 ,4 62 1 9 ,2 50 3 4 5 4 ,3 5 8 451 5 ,3 9 0 522 4 ,0 7 6 362 3 ,6 7 8 328 5 ,0 8 3 540 7 ,3 8 0 756 1 0,1 30 1,172 1 4 ,8 08 1 ,740 1 6 ,5 68 1 ,823 1 5 ,0 34 1,652 1 7,0 53 1,858 19,091 2 ,177 1 8,882 2 ,446 6 0 0 0 0 217 49 13 172 1,523 95 62 28 34 4 74 334 242 47 14 2 19 1,803 18 19 7 8 9 10 11 12 13 14 15 16 17 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 0 0 157 26 6 120 55 25 30 173 1,468 117 26 10 0 0 143 51 15 119 1,446 147 46 21 0 0 0 0 0 0 64 454 3,101 335 59 23 36 762 778 736 310 94 600 4 ,50 7 5 39 168 62 106 770 1 ,248 724 345 109 645 4 ,535 541 444 342 138 41 235 2 ,63 4 214 193 85 108 612 529 296 52 16 176 1,934 174 90 39 51 501 359 0 0 0 0 210 233 116 117 645 1 ,300 0 0 648 3 25 103 576 3 ,645 443 224 129 95 419 1,053 0 0 737 378 106 637 4,431 482 299 193 106 0 0 854 467 0 0 736 5 ,617 659 225 151 74 1,007 1,483 1 ,074 498 132 742 5 ,840 761 315 267 48 1,107 1,291 120 357 16 629 296 25 5 90 2 32 345 3 69 246 291 522 747 738 999 1,062 821 848 1,068 1,005 213 1 ,097 556 56 39 133 313 1,287 2 78 30 248 240 2 36 1,331 660 44 34 185 4 08 1,734 3 46 40 306 340 285 55 3 09 154 993 156 241 5 197 394 1 ,25 3 251 30 140 911 169 241 2 88 1 ,045 4 05 157 7 130 346 1,5 64 219 24 195 303 255 48 3 49 40 164 253 87 47 40 149 339 1,743 989 164 63 195 332 2 ,24 7 309 32 2 77 326 274 52 414 276 293 343 429 3 ,099 1 ,299 1 ,077 228 128 367 2 ,758 522 59 463 297 234 63 344 424 206 523 126 69 57 316 783 4 ,33 5 1 ,712 1 ,557 153 268 645 4 ,22 6 697 82 615 513 442 71 663 4 98 242 975 231 125 106 407 7 54 4 ,70 3 2 ,00 7 1,470 59 98 1,069 5 ,50 7 703 685 4,8 96 1,720 1,776 113 144 1 ,143 4,841 674 862 5 ,522 2 ,060 2 ,33 0 76 161 895 5 ,243 737 106 631 830 778 52 1 ,050 529 332 982 291 160 131 492 1,175 5 ,583 2 ,332 1,664 85 260 1,242 5,714 961 105 856 885 704 181 1,360 4 ,902 1 ,824 1 ,347 198 429 1 ,105 5 ,694 889 108 781 867 648 219 1,106 682 452 956 246 119 127 496 666 202 38 209 78 118 160 63 35 28 141 88 216 180 70 38 32 185 221 189 159 30 280 74 118 149 46 25 21 146 1 2 32 2 68 993 2 08 24 184 83 70 13 180 68 112 174 41 23 18 127 102 55 47 184 86 617 720 644 76 967 681 332 1 ,376 236 130 106 492 688 1,252 86 588 786 741 45 1 ,003 457 268 953 221 122 99 479 1,110 642 450 896 278 128 150 492 41 87 113 82 36 24 44 177 301 330 299 376 371 368 42 6 ,0 8 7 7 ,1 6 8 4 ,3 8 6 3 ,1 7 5 3 ,6 7 9 4 ,9 5 3 1 4,3 49 1 9 ,3 52 2 4 ,8 56 2 3 ,6 48 3 0,3 23 3 0 ,1 09 3 0,443 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 2 ,5 8 6 1 ,053 442 3 ,1 0 7 1 ,445 801 2 42 167 2 ,1 7 9 578 346 96 59 1 ,7 1 8 164 156 29 2 ,3 0 4 285 208 48 3 ,2 6 9 1 ,063 642 141 60 6 ,5 7 3 3 ,49 8 1,689 664 496 7 ,4 2 0 3 ,14 3 1 ,702 552 4 18 15 403 126 174 9 ,3 2 6 3 ,944 1,397 672 7 37 17 720 251 253 126 508 9 ,06 7 3 ,553 972 559 633 9 624 360 269 9 ,9 7 3 4 ,15 6 1,0 62 698 835 18 817 409 294 344 514 114 246 154 3 ,525 769 440 1,240 859 217 747 1,435 1 ,364 71 1 1,8 62 5 ,446 2 ,108 701 809 1 2,077 5 ,169 2 ,296 597 564 26 538 399 351 394 568 66 67 68 69 70 71 72 73 74 75 76 77 78 79 220 128 0 128 59 50 33 121 58 67 -4 983 379 122 311 91 80 60 4 57 425 32 33 3 ,501 2 ,94 9 2 ,949 2 ,756 126 2 ,63 0 193 0 0 0 5 20 32 0 167 62 58 46 69 62 73 -66 1 ,054 447 179 2 27 111 90 84 491 452 39 33 4,0 61 3 ,43 4 3 ,434 3 ,242 163 3 ,07 9 192 0 0 0 594 33 0 59 31 24 29 -7 32 30 -69 1 ,097 520 155 255 87 80 93 391 346 45 20 2 ,2 0 7 1 ,816 1 ,816 1,702 125 1,5 77 114 0 0 0 373 18 11 0 11 6 6 11 -5 5 10 8 -73 9 74 6 29 61 144 63 77 134 4 39 3 93 46 7 1 ,4 5 7 1,170 1 ,170 1,053 117 9 36 117 0 0 0 2 82 5 11 0 11 11 11 26 -30 16 17 -63 1,222 7 59 83 163 146 71 149 637 594 43 0 60 26 31 37 126 26 27 73 1 ,316 771 117 245 141 42 144 726 687 39 11 20 1 ,3 7 5 1,014 1 ,014 949 1 ,6 8 4 1 ,115 1 ,115 1 ,068 89 979 47 102 847 65 0 0 0 352 9 0 0 0 555 14 8 488 76 123 85 365 94 125 146 1 ,612 690 305 357 197 63 659 753 715 38 51 7 ,7 7 6 5 ,769 5 ,685 5,401 337 5 ,06 4 284 84 4 80 1 ,956 51 110 61 81 99 -119 2 ,55 0 764 5 10 761 394 101 558 120 755 902 844 58 70 786 1,232 1,167 65 65 262 176 3 ,47 7 817 533 1 ,313 637 177 7 43 1 ,216 1,158 58 78 1 1 ,9 32 8 ,980 8 ,814 8 ,360 443 7 ,91 7 454 166 1 5 ,5 30 11,817 11,617 10,843 553 10,290 774 14,581 11,208 11,107 10,209 544 9 ,665 898 121 6 160 2 ,90 8 44 223 184 3 ,299 861 7 13 1,0 16 499 202 210 200 8 192 3 ,659 54 101 4 97 3 ,30 8 65 20 789 452 345 419 612 123 164 3 25 3,851 872 487 1 ,309 1,010 173 798 1,705 1,6 19 86 110 62 2 0,3 50 16,745 16,619 15,706 490 15,216 913 126 5 1 8,2 47 14,500 14,361 13,870 510 13,361 491 139 5 134 3 ,68 0 67 121 3 ,544 61 120 125 323 4 ,016 946 570 1,523 710 267 866 1,9 40 1,857 83 86 1 8 ,3 66 14,261 14,039 13,595 452 13,143 444 222 7 215 4 ,040 65 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 57 T a b le 2 . 7 . H is t o r ic a l- C o s t In v e s tm e n t in P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ] L in e P riv a te fix e d a ss ets E q u ip m e n t a n d s o ftw a re N o n r e s id e n t ia l e q u ip m e n t a n d s o ftw a re 1953 1954 1955 1956 1957 1958 1959 I9 6 0 1961 1962 1963 1964 1965 1 2 5 3 ,2 80 5 4 ,2 3 4 6 2,0 40 6 6 ,0 1 9 6 7 ,8 95 6 2 ,7 48 7 2 ,5 29 7 3 ,4 7 5 7 2 ,9 73 7 9,6 21 8 5,301 9 4,7 61 1 0 6 ,0 9 6 2 0 ,7 52 1 9 ,6 80 2 2 ,3 9 4 2 4 ,8 3 0 27,351 2 3 ,4 97 2 6 ,9 42 2 8,3 31 2 7,501 3 0 ,6 2 9 3 2 ,9 1 4 3 7 ,7 5 0 4 4 ,7 9 2 3 4 5 2 0 ,3 66 1 9 ,2 89 2 ,438 2 1,9 62 2 4 ,3 72 3 ,36 8 2 6 ,8 95 3,998 23,021 3 ,662 2 6 ,3 72 4,021 2 6 ,9 8 0 5 ,217 261 137 2 ,684 720 311 1,104 8 ,726 861 4 74 3 76 98 1 ,560 2 ,008 3 0 ,0 8 9 5 ,63 9 3 47 180 3 ,03 7 7 00 3 92 9 83 9 ,184 7 92 4 24 3 18 106 1,761 2 ,206 3 2 ,3 2 2 6,401 735 3 47 2 ,87 0 7 76 6 22 1,051 9 ,937 8 77 421 291 130 2 ,12 4 4 4 ,1 0 5 8,361 1 ,164 541 3,451 962 1 ,139 1 ,104 13,591 1 ,206 4 48 285 163 3 ,02 0 3,331 1 ,378 1,542 1,438 6 36 195 1 ,099 8 ,825 9 39 4 44 299 145 1,923 1,8 19 1,703 691 2 18 1,386 9 ,580 1,126 632 484 148 1,931 1,828 1,484 623 184 1,371 8 ,139 1,041 6 58 522 136 1,315 1,651 1 ,766 661 247 1,316 8 ,410 950 579 441 138 1 ,440 1,794 2 7 ,8 0 2 4 ,85 4 192 104 2 ,25 2 7 10 295 1,301 9 ,29 0 9 25 5 53 4 35 118 1,7 18 2 ,08 9 S p e c ia l i n d u s t r y m a c h in e r y , n .e .c . 13 14 15 16 17 1,417 1,375 1,046 410 176 806 6 ,963 878 455 3 59 96 1,605 1,251 G e n e ra l in d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 2,220 3 7 ,1 2 2 7 ,20 3 9 28 4 33 2 ,99 5 842 949 1 ,056 1 1,3 35 1 ,018 4 25 282 143 2,341 2 ,59 8 18 1,210 1,244 1 ,507 1,7 70 1,903 1 ,642 1,771 1,9 64 1,871 2,010 2,2 96 2 ,66 0 3 ,01 8 E le c t r ic a l t r a n s m is s io n , d is t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 19 1,456 5,4 12 1,799 1,935 191 475 1,530 4 ,499 1,680 1 ,750 198 284 587 5,3 88 978 119 859 674 508 166 945 532 410 1,077 226 1,524 5 ,502 2 ,334 2 ,095 1,9 29 5 ,218 2 ,507 1,054 3 58 3 56 9 43 6 ,96 2 1 ,319 149 1,170 8 56 5 25 331 901 8 84 6 18 1 ,396 309 143 166 6 79 2,161 6,4 66 2,3 00 1,871 4 73 5 50 1,272 6,851 1,2 87 142 1,145 764 537 2 27 8 87 7 89 6 29 1 ,476 305 134 171 714 1 ,832 4,181 2 ,035 679 339 5 63 5 65 7 ,039 1 ,320 140 1 ,180 889 687 1,877 6 ,30 0 2 ,54 9 1 ,728 872 495 655 7,641 1,342 136 1 ,206 1,055 815 2 40 1 ,229 1 ,007 502 1,304 262 115 147 9 40 2,041 6 ,47 4 2 ,5 5 8 1 ,753 8 03 463 8 96 7 ,18 4 1 ,393 129 1 ,264 6 87 5 20 167 1 ,952 5 ,83 8 2,6 62 1,318 838 4 05 615 7,1 99 1,345 1,991 7 ,56 5 3 ,39 8 2 ,005 8 06 4 18 9 38 7,701 1,421 125 1 ,296 8 92 696 1 96 1 ,146 9 09 4 22 1 ,353 3 43 98 2 45 1 ,215 1,9 99 7 ,01 2 3 ,57 9 1,582 5 07 361 9 83 8 ,972 1 ,600 133 1 ,467 2 ,29 3 8 ,47 3 3 ,72 6 2 ,0 5 7 862 4 23 1 ,405 2 ,56 8 1 0,7 68 4 ,62 8 2,741 1,3 10 4 86 1,6 03 11,385 1 ,936 155 1,781 1,482 1 ,065 4 17 I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t S o ftw a re 1 6 C o m m u n ic a t io n e q u ip m e n t 7 In s t r u m e n t s 8 P h o t o c o p y a n d re la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u ip m e n t 10 11 12 I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s In te r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O th e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O th e r f u r n it u r e T r a c to r s F a rm t r a c t o r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t tr a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n t ia l e q u ip m e n t 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 2,688 0 0 1,192 5 16 165 815 6,595 825 311 245 66 1,012 5,671 869 111 758 832 652 180 996 646 436 1,126 241 142 99 525 2 ,805 0 0 122 104 546 0 0 1,160 553 184 908 7 ,192 818 422 311 111 122 264 687 6 ,463 1,168 135 1,033 887 650 2 37 1,001 721 558 1,223 278 136 142 627 0 0 0 0 0 0 202 1,230 838 4 25 1,298 245 115 130 794 20 11 1,112 8 97 468 1 ,313 296 104 192 1 ,018 120 1,2 25 808 621 187 1,094 834 4 26 1,282 3 15 99 216 1,095 1,101 8 37 2 64 1 ,37 0 1,226 541 1 ,337 457 141 3 16 1 ,340 10,111 1 ,755 147 1 ,60 8 1 ,37 7 1 ,03 8 3 39 1,421 1 ,492 6 15 1 ,484 502 162 340 1,4 65 1,668 1,703 692 1 ,759 554 181 3 73 1,591 41 386 391 432 4 58 4 56 4 76 570 5 29 521 540 5 92 628 687 42 3 2 ,5 2 8 3 4 ,5 54 3 9 ,6 46 4 1 ,1 8 9 4 0 ,5 4 4 39,251 4 5 ,5 87 4 5 ,1 4 4 4 5 ,4 7 2 4 8 ,9 9 2 5 2 ,3 8 7 57,011 6 1 ,3 0 4 1 5 ,0 4 4 7 ,535 2 ,286 1,148 1,967 38 1,929 6 96 466 334 638 1 8 ,0 5 6 9 ,533 3 ,194 1,513 2 ,314 48 2 ,266 8 06 562 3 45 7 99 2 90 2 88 1 8 ,8 1 9 9,911 3 ,53 8 1,617 1,987 54 1,933 1 7 ,3 7 9 8 ,978 2 ,368 1,711 1 ,919 48 1,871 8 63 5 74 6 00 9 43 409 4 24 121 2 0 ,5 5 5 12,143 2 ,77 4 2 ,07 8 3 ,05 7 57 3 ,00 0 1,0 33 6 80 9 85 1 ,536 7 04 6 70 162 4 ,40 0 4 26 9 93 1 ,770 1 ,008 2 03 1 ,283 2 ,45 2 2 ,30 8 144 2 77 6 78 1 ,030 1 ,935 898 6 79 3 58 4 ,5 5 0 4 66 1,1 23 1,7 50 9 39 272 1,321 2 ,20 9 2 ,055 154 311 2 3 ,3 6 5 1 4,3 08 3 ,47 7 2 ,28 0 3,101 72 3 ,0 2 9 992 751 1,291 2 ,41 6 907 613 896 5 ,01 4 514 1 ,308 1 ,908 1 ,118 166 1,331 2 ,3 7 4 2 ,2 1 6 158 3 38 2 7 ,7 7 4 17,919 5 ,02 3 2,421 4 ,27 8 71 4 ,20 7 121 1 9,591 11,442 2 ,722 1 ,979 2 ,71 7 47 2 ,67 0 1,003 609 771 1,641 745 615 281 4 ,447 4 37 977 1 ,783 1,141 109 1 ,156 2,2 95 2,1 60 135 251 2 0 ,8 42 12,451 2 ,81 8 2 ,09 6 2 ,89 3 71 2 ,822 66 1 8 ,0 49 9 ,392 2 ,073 1 ,669 2 ,30 0 56 2 ,24 4 9 47 525 570 1 ,308 527 551 2 30 4 ,832 558 950 1,964 1 ,229 131 1 ,115 2 ,50 3 2 ,38 7 116 207 1 9 ,3 8 8 10,735 2,801 1 ,77 4 2 ,40 9 51 2 ,35 8 1 ,013 5 66 605 1 ,56 7 6 34 O th e r m in in g 1 3 ,3 9 5 5,863 2 ,203 745 1,052 26 1,026 472 426 317 648 173 163 3 12 4,4 98 946 615 1,789 818 330 780 2,133 2,041 92 1 3 ,7 66 6 ,476 P e tr o le u m a n d n a tu r a l g a s 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 2 7 ,5 38 2 1,238 2 0,677 1 8,024 321 17,704 2,6 53 561 19 542 6 ,06 2 2 38 2 5 ,7 5 6 18,975 18,446 16,099 2 80 1 5,8 20 2 ,34 7 5 29 17 512 6 ,54 8 2 33 25,881 18,824 1 8,3 14 15,351 300 15,052 2 ,963 510 2 8 ,4 3 7 21,691 2 1,1 27 16,697 276 16,421 4 ,4 3 0 5 64 16 5 48 6 ,22 7 5 19 3 1 ,5 45 2 4,5 93 2 3,9 55 1 8,2 17 2 92 17,925 5 ,738 6 38 16 622 6 ,50 9 4 43 3 3 ,6 4 6 2 6,483 2 5,627 19,434 3 17 19,118 6 ,19 3 8 56 25 831 6 ,61 3 550 3 3 ,5 3 0 26,341 2 5,3 16 2 0 ,0 32 2 69 19,763 5 ,284 1 ,025 27 998 6 ,57 4 6 15 S tru c tu re s N o n r e s id e n t ia l s tru c tu res N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r H o te ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic lig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f ts , a n d w e lls O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n t ia l s tru c tu res H o u s in g u n it s P e r m a n e n t s ite l- t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s i d e n t i a l 6 See th e s e c tio n "F o o tn o te s t o th e T a ble s." 67 68 69 70 71 72 73 74 75 76 77 78 79 1 9 ,1 3 3 1 4,8 02 14,576 14,057 441 13,616 519 226 9 2 17 4 ,23 7 94 2,020 919 1 ,312 26 1,286 593 529 337 766 192 228 346 4 ,135 823 655 1,710 723 224 733 2,301 2,222 79 2 0 ,7 88 16,400 16,165 15,656 394 15,262 509 235 8 227 4 ,284 104 222 227 189 4 ,11 7 8 56 758 1,507 873 123 703 2 ,53 5 2 ,45 4 81 154 2 4 ,6 0 2 1 9,7 77 19,409 18,900 306 1 8,594 509 368 12 3 56 4 ,70 6 119 868 4 ,97 0 865 1,113 1,782 1,080 130 7 89 2 ,637 2 ,55 5 82 127 5 25 525 851 325 311 215 5 ,355 8 58 1,068 2 ,15 4 1 ,116 159 761 2,5 93 2,5 14 79 199 2 3 ,1 3 3 17,831 17,289 16,790 3 39 16,451 4 99 542 18 5 24 5 ,145 157 2 1 ,7 2 5 16,151 15,591 1 4,8 35 3 10 1 4,5 25 7 56 5 60 15 545 5 ,398 176 221 110 5 ,013 6 32 904 2,281 1 ,045 151 8 39 2 ,362 2 ,256 106 187 2 1 ,8 72 1 6,346 1 5,829 1 3 ,8 19 2 89 13,530 2,010 5 17 17 5 00 5 ,302 2 24 688 2 45 4 ,85 6 5 47 1,0 86 1,9 44 1 ,14 7 132 1,201 2 ,3 1 4 2 ,18 9 125 282 12 4 98 6 ,742 315 1,001 1,201 787 1 ,394 2 ,81 5 871 6 30 1 ,314 5 ,64 8 595 1 ,45 7 2 ,20 3 1,271 122 1,3 87 2 ,40 4 2,241 163 416 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 58 T a b le 2 . 7 . H is t o r ic a l- C o s t In v e s tm e n t in P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ] 1975 1976 1977 1978 ....1....... 1 1 3,4 7 0 1 14 ,7 97 1 28 ,9 83 1 4 3 ,7 6 0 1 45 ,9 55 1 65 ,3 49 1 94 ,6 92 2 24 ,9 01 2 32 ,0 17 2 3 3 ,0 3 3 2 6 9 ,9 5 0 3 3 3 ,5 2 4 4 0 3 ,8 1 4 2 5 1 ,5 7 6 5 2 ,5 56 5 8,5 33 6 5 ,4 08 6 6 ,7 35 6 9 ,5 87 8 0,6 97 9 7 ,9 55 1 0 9 ,2 4 4 1 12 ,5 47 1 26 ,6 22 1 5 4 ,3 5 7 1 87 ,7 22 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 5 0 ,8 8 4 10,408 1,698 813 3 ,975 1,082 1 ,448 1.392 16,038 1,411 5 44 3 43 201 3 ,769 3 ,708 5 1 ,8 45 10,998 1,868 953 4 ,21 3 1 ,354 1 ,226 1,384 16,835 1,405 761 561 200 4 ,72 9 3 ,522 5 7,6 67 11,699 1,924 1,094 4 ,65 8 1 ,412 1 ,304 1,307 17,198 1,716 9 40 731 209 4 ,44 7 3,661 6 4 ,3 98 14,376 2,441 1,505 5 ,789 1,627 1,461 1,553 18,935 2 ,143 1,105 867 2 38 4 ,58 7 3 ,968 6 5 ,6 1 4 16,347 2 ,72 2 2 ,00 4 6 ,69 6 1 ,840 1 ,708 1.377 20,196 2 ,610 1 ,264 1 ,043 221 4 ,66 8 4 ,16 0 6 8 ,3 09 17,095 2 ,77 4 2 ,19 9 6 ,82 9 1 ,998 2 ,02 0 1 ,275 19,294 2 ,71 2 1,451 1,231 2 20 3 ,88 7 4 ,01 4 79,161 19,246 3 ,435 2 ,77 8 6 ,83 3 2 ,31 7 2 ,47 8 1,405 21,284 2 ,972 1,685 1,427 258 4 ,36 9 4 ,44 6 9 6 ,2 16 22,945 3 ,50 4 3 ,22 0 8,421 2 ,74 2 3 ,0 2 8 2 ,03 0 25,905 3 ,6 7 8 1,731 1 ,410 321 5 ,76 6 5 ,13 4 1 07 ,3 63 2 6,7 30 3 ,83 6 3 ,91 2 9 ,36 7 3 ,400 3 ,496 2 ,719 30,575 4 ,47 0 1 ,896 1,521 375 7 ,03 5 5 ,71 4 1 10 ,6 28 28,156 3 ,563 4 ,780 9 ,716 3,675 3,961 2,461 31,245 5 ,328 1,843 1,458 385 6 ,996 5,584 1 24 ,5 00 32,330 4 ,3 7 4 5 ,20 4 11,136 4 ,34 7 4 ,38 8 2,881 3 4,0 52 6 ,097 1 ,91 0 1,441 469 7 ,55 0 5 ,94 0 1 5 1 ,9 6 0 38,491 5 ,62 4 5 ,476 14,394 5 ,658 4 ,30 3 3 ,036 39,395 6 ,226 1 ,909 1 ,334 5 75 8 ,68 7 6 ,60 7 1 84 ,9 88 47,805 7,291 6 ,570 17,708 6 ,699 5 ,082 4 ,455 47,509 7 ,057 1,982 1,280 702 10,940 8 ,914 18 3 ,526 3 ,31 0 3,3 04 3 ,818 4 ,00 8 3 ,93 9 4 ,22 7 5 ,2 0 9 6 ,27 4 6,431 7 ,13 4 9,281 11,412 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 3 ,08 0 11,338 5 ,370 2 ,19 6 1 ,838 523 1,411 13,100 2 ,20 8 159 2 ,04 9 1 ,942 1,442 500 1,869 1,913 736 2 ,02 8 6 07 181 4 26 1,7 97 3 ,108 11,361 4,851 1,852 2 ,56 0 570 1,529 12,651 2,2 84 182 2,1 02 1,726 1,400 326 2,055 1,899 5 58 2 ,053 5 17 163 354 1,559 3,1 30 15,323 5,9 05 3,6 02 3 ,74 9 765 1,302 13,447 2 ,312 256 2 ,056 1 ,824 1 ,476 348 2 ,070 2 ,084 597 2 ,290 521 170 351 1 ,749 3 ,314 16,246 7 ,14 6 3 ,50 4 2 ,91 6 8 78 1,802 14,841 2 ,686 3 37 2 ,34 9 1,737 1 ,265 472 2 ,376 2 ,294 659 2 ,476 582 192 3 90 2,031 3 ,48 6 13,017 6 ,244 1 ,816 2 ,56 0 9 24 1 ,473 16,054 2 ,71 2 4 36 2 ,27 6 1,8 93 1,4 76 4 17 2,8 47 2,3 44 921 2 ,53 9 6 57 194 4 63 2,141 3,291 15,343 7 ,32 6 3 ,95 3 1 ,57 6 9 04 1,5 84 16,576 2,6 12 5 19 2 ,09 3 1 ,819 1 ,378 441 2 ,84 9 2,421 1 ,07 0 2 ,682 715 2 07 508 2 ,40 8 3,5 85 19,264 9 ,39 0 4,4 32 2 ,63 3 1,231 1 ,578 19,367 3 ,369 611 2 ,75 8 2 ,53 7 1 ,943 594 3,281 3 ,005 890 2 ,723 943 260 683 2 ,619 4 ,3 8 7 23,681 11,179 5,011 3 ,83 7 1 ,826 1 ,82 8 23,686 3 ,85 5 660 3 ,19 5 3 ,46 2 2 ,61 5 847 4 ,2 8 6 3 ,6 8 0 1 ,12 0 2 ,95 2 1,0 74 321 753 3 ,2 5 7 5 ,185 2 3,3 39 11,603 4 ,49 8 3 ,13 9 1 ,710 2 ,388 2 6,7 19 3 ,95 0 6 25 3 ,32 5 3 ,82 5 2 ,71 2 1,1 13 4,7 26 4,3 45 1,665 3,0 45 1,331 3 26 1 ,005 3 ,832 5 ,062 22,158 9 ,238 4 ,502 3 ,196 2 ,406 2,8 15 29,070 3,6 98 482 3,2 16 4,5 62 3,3 39 1,223 5,753 4 ,26 9 2 ,606 2 ,892 1,524 317 1,207 3 ,766 5,421 2 6,3 23 12,204 6 ,39 6 2 ,94 6 2 ,38 9 2 ,38 8 3 1,795 4 ,22 7 620 3 ,60 7 4 ,80 6 3 ,65 0 1 ,156 5 ,666 4 ,55 4 2,941 3 ,410 1 ,762 4 20 1 ,342 4 ,42 9 6 ,685 35,408 16,276 9 ,49 8 4 ,11 9 2 ,59 3 2,921 3 8,6 66 5 ,64 5 680 4 ,96 5 5 ,90 8 4 ,10 0 1 ,808 6 ,16 5 6 ,428 3 ,47 2 3 ,90 6 2 ,14 2 4 43 1,6 99 5 ,00 0 7 ,203 43,252 20,008 11,539 5 ,112 2 ,685 3 ,907 46,423 6 ,89 9 803 6 ,09 6 6,818 4,6 23 2,1 95 6,9 69 8,6 15 3,5 25 4,6 63 2,874 501 2 ,373 6 ,060 L in e P riv a te fix e d a s s e ts E q u ip m e n t an d s o ftw a re N o n r e s id e n t ia l e q u ip m e n t an d s o ftw a re In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re C o m p u te rs a n d p e r ip h e ra l e q u ip m e n t S o ftw a re 1 C o m m u n ic a tio n e q u ip m e n t In s tru m e n ts P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t In d u s tr ia l e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu r b in e s S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o r k in g m a c h in e ry S p e c ia l in d u s tr y m a c h in e ry , n .e .c . G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a n d in d u s tria l a p p a ra tu s T ra n s p o rta tio n e q u ip m e n t T ru c k s , b u s e s , a n d tr u c k tr a ile r s A u to s A ir c r a ft S h ip s a n d b o a ts R a ilro a d e q u ip m e n t O th e r e q u ip m e n t F u rn itu re a n d fix tu re s H o u s e h o ld fu r n itu r e O th e r f u r n it u r e T ra c to rs F a rm tr a c to r s C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s M in in g a n d o ilf ie ld m a c h in e ry S e rv ic e in d u s tr y m a c h in e ry E le c tric a l e q u ip m e n t, n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n re s id e n tia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tru ctu res N o n r e s id e n t ia l s tru c tu re s N o n re s id e n tia l b u ild in g s , e x c lu d in g fa rm In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo r a tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n tia l s tru c tu re s H o u s in g u n its P e rm a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p r o v e m e n ts O th e r r e s id e n tia l6 See th e s e c tio n "F o o tn o te s to th e T a b le s ." 1967 1966 1968 1969 1970 197 1 1972 1973 1974 41 692 711 866 1 ,01 0 1 ,121 1 ,2 7 8 1 ,5 3 6 1 ,7 3 9 1 ,881 1 ,9 1 9 2 ,1 2 2 2 ,3 9 7 2 ,7 3 4 42 6 1 ,8 9 4 62,241 7 0 ,4 50 7 8 ,3 52 7 9 ,2 20 9 5 ,7 62 1 1 3 ,9 9 5 1 2 6 ,9 4 6 1 22 ,7 73 1 20 ,4 86 1 43 ,3 28 1 7 9 ,1 6 7 2 16 ,0 92 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 3 0 ,2 99 19,654 6 ,51 5 2 ,45 2 4 ,31 6 71 4 ,245 1 ,145 987 1 ,423 2 ,81 6 828 559 1,429 6 ,24 6 728 1,601 2 ,21 3 1 ,562 142 1,484 2,431 2 ,26 3 168 484 3 0 ,5 95 18,775 5 ,93 6 2 ,513 4 ,31 8 71 4 ,247 1,063 1,048 1,332 2 ,565 7 85 504 1,276 7 ,242 7 10 1,629 3 ,108 1,4 83 312 1,702 2,4 22 2,2 50 172 4 54 3 2 ,5 96 19,454 6,002 2 ,97 8 4 ,85 5 63 4 ,792 1 ,079 1,147 1,5 79 1,8 14 822 449 543 8,4 20 873 1 ,69 3 3 ,536 1,961 357 1 ,598 2,551 2 ,337 214 573 36,741 22,655 6 ,78 8 3 ,60 2 5 ,897 56 5,841 993 1,083 2 ,17 5 2 ,11 7 1,031 577 509 8 ,869 940 2 ,188 3 ,74 3 1 ,767 231 1,689 2 ,788 2 ,53 0 2 58 7 40 3 8 ,9 76 2 3,4 88 6 ,95 4 3 ,75 2 6 ,154 50 6 ,10 4 939 925 2 ,63 5 2 ,129 1 ,126 6Ö0 403 9 ,892 8 26 2 ,94 3 4 ,18 4 1,654 2 85 1,875 2 ,775 2 ,47 3 3 02 9 46 4 1 ,2 7 6 2 5,1 08 6 ,21 3 4 ,45 0 7,361 43 7 ,3 1 8 8 24 1 ,008 3 ,06 5 2 ,18 7 1 ,228 625 3 34 10,614 911 2 ,97 0 4 ,71 4 1,591 4 28 1,9 16 2 ,64 5 2 ,30 0 3 45 9 93 4 5 ,8 67 28,171 5 ,86 8 5 ,64 5 8 ,367 38 8 ,329 862 1,063 3,479 2 ,88 7 1,9 55 713 219 1 1,917 1 ,004 3 ,26 6 5 ,50 7 1,856 284 1,785 3 ,053 2 ,67 0 383 941 5 3 ,3 3 9 3 2,824 7 ,86 2 6 ,4 8 8 9 ,6 9 8 46 9 ,65 2 833 983 3 ,5 5 0 3 ,4 1 0 2 ,2 9 8 863 249 1 3,5 66 1 ,120 3 ,92 5 6 ,2 6 9 1 ,94 3 3 09 2 ,52 5 3 ,46 2 3 ,0 0 2 4 60 962 5 8,692 3 4,9 07 9 ,96 2 6 ,73 8 10,120 76 10,044 9 44 7 37 3,691 2 ,715 1,670 825 2 20 14,298 1 ,395 4 ,23 6 5 ,943 1 ,93 9 785 3 ,24 9 5 ,13 9 4 ,46 0 6 79 1 ,099 5 9 ,6 75 31,679 10,489 5 ,67 6 8 ,104 83 8,021 894 3,731 7,3 36 6 ,47 9 857 1,217 6 2 ,9 6 7 3 1,7 79 1 0,0 20 5 ,56 4 8 ,310 109 8,201 9 88 717 4,071 2 ,10 9 931 9 58 2 20 1 7,359 1 ,807 3 ,90 6 7 ,18 5 1,574 2 ,887 3,971 8 ,58 3 7 ,46 6 1 ,117 1 ,275 7 1 ,2 6 7 3 5,250 10,994 6 ,21 5 9 ,9 1 7 87 9 ,83 0 1 ,08 8 742 4 ,06 2 2 ,23 2 982 1 ,074 176 1 8,6 10 2 ,14 3 4 ,49 4 8,941 1 ,835 1 ,19 7 4,431 11,427 10,044 1 ,38 3 1 ,54 9 8 7,208 4 4,3 67 13,918 8 ,035 12,963 169 12,794 1 ,366 878 4 ,257 2 ,950 1,350 1,296 304 2 0,4 10 2 ,630 5 ,596 9,361 2 ,289 534 5,2 09 15,392 14,067 1,325 1,830 68 69 70 71 72 73 74 75 76 ..... 77.... 78 79 3 1 ,5 95 24,016 22,932 18,360 282 18,078 4,5 72 1,084 28 1 ,056 6 ,98 5 594 3 1 ,6 4 6 23,781 22,572 18,478 283 18,195 4 ,094 1,209 29 1 ,180 7,384 481 3 7 ,8 5 4 2 9,8 06 28,081 2 1,8 25 329 2 1,4 96 6 ,256 1,725 45 1 ,680 7 ,63 2 416 41,611 33,081 30,748 22,464 2 94 2 2,1 70 8,2 84 2,3 33 56 2 ,277 8 ,184 346 4 0 ,2 4 4 3 1,018 2 8,702 2 0,437 2 78 2 0,159 8 ,265 2 ,31 6 62 2 ,254 8 ,994 2 32 5 4 ,4 86 4 4,2 06 4 1,0 54 2 9,7 97 328 2 9,4 68 11,257 3 ,15 2 85 3 ,06 7 10,114 166 6 8 ,1 28 5 7 ,1 53 5 3,2 09 3 8,0 48 445 3 7,6 03 15,161 3 ,944 125 3 ,819 10,868 107 7 3 ,6 0 7 6 2 ,6 36 5 8,2 50 4 1,2 62 4 50 4 0 ,8 12 1 6,988 4 ,3 8 6 167 4 ,2 1 9 1 0,8 36 135 64,081 5 0,747 4 7,409 35,382 7 38 3 4,6 44 12,027 3 ,33 8 236 3 ,102 13,218 116 60,811 44,246 4 1,7 10 3 6,6 68 543 36,126 5 ,042 2 ,53 6 180 2 ,356 16,355 210 80,361 6 1 ,2 28 5 8,0 05 5 2,7 38 5 88 5 2 ,1 50 5 ,26 7 3 ,22 3 192 3,031 19,011 122 1 0 7 ,9 0 0 8 6,0 67 8 1,9 06 7 4,2 08 7 08 7 3 ,5 00 7 ,69 8 4,161 248 3 ,91 3 2 1,773 60 1 2 8 ,8 8 4 1 02 ,15 5 97,504 87,600 7 59 8 6,8 40 9 ,904 4,651 218 4 ,433 26,625 104 653 3 ,790 2 ,073 1,105 776 192 15,712 1,365 3,771 7 ,02 9 1,6 03 1,944 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 59 T a b le 2 . 7 . H is to r ic a l- C o s t In v e s t m e n t in P r iv a t e F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu re s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ] L in e P riv a te fix e d a s s e ts E q u ip m e n t a n d s o f tw a re N o n r e s id e n t ia l e q u ip m e n t an d s o ftw a re In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re C o m p u te rs a n d p e rip h e ra l e q u ip m e n t S o ftw a re 1 C o m m u n ic a tio n e q u ip m e n t In s tru m e n ts P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t In d u s tr ia l e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu rb in e s S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o r k in g m a c h in e ry S p e c ia l in d u s tr y m a c h in e ry , n .e .c . G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a nd in d u s tria l a p p a ra tu s T ra n s p o rta tio n e q u ip m e n t T ru c k s , b u s e s , a n d tr u c k tra ile rs A u to s A ir c r a ft S h ip s a n d b o a ts R a ilro a d e q u ip m e n t O th e r e q u ip m e n t F u rn itu re a n d fix tu re s H o u s e h o ld fu r n it u re O th e r fu r n it u re T ra c to rs Fa rm tr a c to r s C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s M in in g a n d o ilf ie ld m a c h in e ry S e rv ic e in d u s try m a c h in e ry E le c tric a l e q u ip m e n t, n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n re s id e n tia l e q u ip m e n t R e s id e n tia l e q u ip m e n t tru c tu re s N o n re s id e n t ia l s tru c tu re s N o n re s id e n tia l b u ild in g s , e x c lu d in g fa rm In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa r m b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo r a tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n t ia l s tru c tu res H o u s in g u n its P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 -o r - m o r e - u n it M a n u fa c tu re d h o m e s Fa rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n "F o o tn o te s t o th e T a b le s .“ 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 199 1 1 4 6 5 ,8 5 9 4 7 5 ,4 8 7 5 30 ,60 0 5 1 7 ,2 1 3 5 5 6 ,5 8 2 6 55 ,60 1 7 0 4 ,2 3 9 7 2 8 ,9 9 6 7 4 3 ,1 1 8 7 8 7 ,0 3 6 8 3 1 ,6 8 7 2 8 3 7 ,7 9 0 2 1 8 ,4 2 9 7 9 4 ,5 1 7 2 2 7,4 4 2 2 54 ,0 75 2 4 7 ,8 4 2 2 6 2 ,3 5 2 3 0 8 ,9 8 9 3 2 9 ,0 7 8 3 4 2 ,2 9 7 3 4 6 ,5 6 4 3 7 8 ,9 8 0 4 1 0 ,1 6 9 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 4 1 7 ,9 1 0 2 1 5 ,2 6 2 58,125 10,018 8 ,664 2 1,4 52 7 ,32 8 5 ,31 3 5 ,350 5 5,9 16 8 ,770 2 ,06 3 1 ,362 701 13,316 10,080 4 2 7 ,1 1 4 2 2 4 ,0 6 6 6 9,0 59 12,404 10,658 25,693 8 ,329 6 ,14 2 5 ,83 3 6 0,4 87 9,181 2 ,167 1,361 806 15,138 11,192 2 50 ,4 59 8 1,7 08 16,928 12,931 28,944 9,691 7,0 14 6,2 00 65,203 9,8 83 2,5 87 1,685 902 15,902 12,074 2 44 ,1 53 8 8,5 84 18,871 15,417 3 1,0 83 11,030 7 ,347 4 ,836 62,268 9 ,548 2 ,268 1,545 723 13,822 12,634 2 5 8 ,1 3 2 100 ,39 5 23,891 17,976 3 1,8 93 11,688 7,241 7 ,706 5 8,6 49 9 ,145 2 ,208 1 ,537 671 11,313 13,081 3 0 4 ,2 7 4 1 21 ,16 6 3 1,6 09 22,051 3 6,6 07 13,182 9 ,043 8 ,674 6 8,0 28 8 ,68 4 2 ,50 2 1,656 846 13,854 1 4,9 58 3 2 4 ,0 2 2 130,31 4 33,734 25,625 3 9,8 27 13,905 8 ,75 3 8 ,47 0 7 2 ,2 67 8 ,626 2 ,634 1 ,755 879 15,211 16,234 3 3 6 ,7 9 8 1 36 ,99 8 3 3,4 10 27,755 4 2,0 07 14,768 9,211 9 ,84 7 75,345 7 ,97 5 2 ,45 8 1 ,514 9 44 16,086 17,519 3 4 0 ,7 5 9 140 ,93 2 3 5,7 62 3 1,3 73 42,003 16,166 9 ,615 6 ,013 7 6,0 93 7 ,132 2 ,565 1,752 8 13 15,433 19,513 3 7 2 ,9 1 9 1 54 ,74 7 3 7,957 3 6 ,7 45 4 6,6 90 17,371 10,671 5 ,31 3 83,472 7 ,95 8 2 ,76 9 1 ,713 1 ,05 6 1 7,2 09 2 1,6 46 4 0 4 ,0 2 0 1 71 ,77 2 4 3,0 92 4 4,4 16 4 6 ,7 99 2 0 ,1 77 11,616 5 ,67 2 9 3,0 13 8,961 3 ,475 2 ,357 1 ,118 2 0,212 2 4 ,5 12 4 1 1 ,9 0 2 1 74 ,9 20 3 8,644 5 0,153 4 7 ,4 59 2 2 ,7 23 11,369 4 ,5 7 2 9 1,8 08 9 ,17 2 3,411 2 ,3 1 5 1 ,09 6 1 9,4 44 23,451 4 2 1 ,3 6 6 1 80 ,18 6 3 7,7 04 5 6.5 89 4 5.5 90 24,126 11,940 4 .237 8 9,0 37 9 ,373 4 ,082 2 ,889 1,193 18,974 22,171 18 13,485 14,045 1 4,9 24 14,290 12,800 15,703 17,004 19,170 18,179 2 0,0 33 2 0,6 72 2 1,0 32 19,720 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 8,2 02 4 8,6 12 2 1,8 82 1 0,0 47 7 ,602 3 ,326 5 ,754 5 2,6 08 8 ,03 2 841 7,191 7 ,627 5 ,586 2,041 8 ,09 7 8 ,97 8 3 ,717 5 ,433 3 ,23 0 5 12 2 ,71 8 7 ,494 8 ,76 4 4 2 ,2 77 1 7,0 47 7 ,21 6 8,841 3 ,58 5 5 ,58 8 52,243 9,061 8 67 8 ,19 4 6 ,46 6 4 ,9 8 3 1,483 7 ,26 8 8 ,069 4 ,28 8 5,841 3,341 5 32 2 ,80 9 7 ,90 9 9 ,833 4 4,2 16 18,052 9 ,990 8,031 4,591 3 ,553 5 9,3 32 10,005 930 9 ,075 7 ,255 5 ,319 1,936 7,756 7,960 7,3 86 6,2 35 3,9 29 483 3 ,446 8 ,806 9 ,706 3 9,3 99 17,661 8,875 7,431 3 ,208 2 ,225 5 3,9 02 11,187 8 84 10,303 5 ,13 7 4 ,180 9 57 5 ,858 5,865 5,280 6,471 4 ,167 3 86 3,781 9 ,93 7 1 0,102 4 6,4 63 2 1,0 94 14,089 7 ,796 1,967 1,517 5 2,6 24 12,337 975 11,362 5 ,424 4 ,355 1 ,069 4 ,97 5 6 ,03 6 3 ,023 6 ,738 4,541 4 20 4,121 9 ,55 0 1 2,3 27 5 3,8 12 2 8 ,9 25 1 3,6 60 7 ,124 1 ,835 2 ,26 8 6 1 ,2 67 14,695 1,0 82 13,613 6,671 5 ,18 7 1,4 84 5 ,19 0 8 ,245 2 ,642 8,141 5 ,59 5 4 58 5 ,13 7 10,088 1 2,5 58 58,543 3 3,5 12 13,909 7 ,74 6 1 ,348 2 ,028 6 2,898 15,900 1 ,134 14,766 5,7 83 4 ,37 2 1,411 4,4 63 9,291 2 ,295 8 ,852 5 ,724 511 5 ,21 3 1 0,5 90 1 2,1 37 6 0,6 49 3 0,6 09 16,902 9 ,828 1 ,539 1,771 6 3,8 06 16,936 1 ,232 15,704 5 ,55 3 4 ,12 6 1 ,427 4,411 9 ,200 1,191 9 ,07 2 5 ,95 0 4 96 5 ,454 1 1,493 13,272 55,642 30,614 11,936 10,591 1,134 1,3 66 68,092 18,617 1,274 17,343 6 ,389 4 ,719 1 ,670 4 ,590 8 ,705 1 ,095 10,185 6 ,31 9 511 5 ,808 12,192 1 3,8 58 6 1 ,1 63 3 1,6 08 14,151 11,546 1 ,65 8 2 ,1 9 9 7 3 ,5 37 1 9,0 17 1 ,253 17,764 6 ,83 8 5 ,3 9 4 1,4 44 6 ,05 2 9 ,11 5 1 ,36 6 10,702 6 ,7 1 7 511 6 ,20 6 13,730 1 5,1 82 5 4,4 92 3 0 ,6 39 9,841 9 ,273 1 ,447 3,291 8 4,7 43 2 1 ,9 00 1,189 20,711 8 ,027 5 ,82 2 2 ,205 8 ,033 11,242 1 ,654 11,392 7 ,57 0 504 7 ,066 14,925 1 5,2 98 5 9,0 37 2 8 ,0 22 13,032 13,045 1 ,519 3 ,4 1 9 8 6,1 37 2 1 ,3 20 1,091 2 0,229 8 ,63 2 6 ,5 2 7 2 ,1 0 5 8 ,9 3 7 11,840 1 ,56 7 1 0,7 43 8 ,19 9 446 7 ,7 5 3 14,899 14,716 7 4,8 40 2 7,1 65 2 8,2 86 14,653 1,554 3 ,182 7 7,3 03 19,232 9 74 18,258 7,784 6 ,318 1,466 7 ,365 8 ,133 1.299 10,014 8 ,627 3 90 8 .237 14,849 41 3 ,1 6 7 3 ,3 7 6 3 ,61 6 3 ,6 8 9 4 ,2 2 0 4 ,7 1 5 5 ,0 5 6 5 ,49 9 5 ,8 0 5 6 ,061 6 ,1 4 9 42 6 ,0 0 8 2 4 7 ,4 3 0 5 ,74 8 2 4 8 ,0 4 5 2 76 ,5 25 2 69 ,37 1 2 9 4 ,2 3 0 3 4 6 ,6 1 2 3 75 ,16 1 3 8 6 ,6 9 9 3 9 6 ,5 5 4 4 0 8 ,0 5 6 4 2 1 ,5 1 8 4 1 9 ,8 8 0 1 0 9 ,5 6 6 5 9 ,7 79 19,168 11,737 17,052 2 65 1 6,7 87 1 ,74 8 1,088 4 ,614 4 ,3 7 2 ..... 2,501 1,374 4 97 2 2,6 70 2 ,85 4 6 ,883 9 ,490 2 ,852 591 5 ,78 9 18,995 17,638 1 ,35 7 2 ,33 3 3 6 7 ,4 0 3 1 28 ,1 73 6 8,2 59 18,164 16,676 18,771 3 23 18,448 1 ,918 1 ,585 5 ,40 2 5,7 43 3 ,46 4 1,5 69 710 2 4,9 75 2,881 7 ,725 1 0,1 47 3 ,41 3 809 5 ,213 27,331 2 5,5 45 1 ,786 2 ,395 1 57 ,50 3 81,285 22,572 2 2,0 22 19,461 425 19,036 2 ,025 1,707 6,632 6,866 4 ,442 1,562 862 2 6,395 3,0 06 8,159 10,462 4 ,02 6 742 4 ,713 4 2,3 92 3 9,8 93 2 ,499 2 ,718 1 6 7,3 8 0 9 0,5 32 23,449 2 9,2 32 17,231 4 00 16,831 1,945 1,936 9 ,197 7 ,542 4 ,53 0 1 ,530 1,482 2 5,3 82 2 ,883 8 ,454 9 ,963 3 ,705 3 77 3 ,757 44,688 4 2,6 24 2,0 64 3,021 1 4 5,9 1 0 8 6,875 17,733 2 6,8 07 18,461 3 87 18,074 2 ,27 0 2 ,127 10,373 9 ,104 5 ,713 1 ,608 1,783 2 2,3 65 2 ,876 7 ,57 5 9,001 2 ,456 4 57 3 ,279 2 9,9 06 2 8 ,3 67 1,539 3 ,485 1 7 1 ,5 3 2 1 06 ,36 0 1 9,3 67 3 3,5 33 2 6,6 72 4 86 2 6,186 2 ,71 9 2 ,25 7 1 0,153 1 1,659 7,3 66 2,021 2 ,27 2 2 6 ,1 83 3 ,425 7 ,97 0 11,744 2 ,77 3 271 3 ,25 6 3 1,1 98 2 9,4 78 1 ,720 4 ,53 5 1 9 3 ,2 7 5 125 ,29 6 2 2,7 58 4 0,9 68 3 3,6 39 578 33,061 3 ,09 6 2 ,67 7 9 ,267 12,891 8 ,066 2,331 2,4 94 3 1,4 00 3,9 55 8 ,25 9 1 5,5 00 3 ,41 4 272 2 ,256 2 7,8 33 2 6,1 66 1 ,667 6 ,490 1 7 4 ,0 7 6 1 20 ,61 4 2 0,0 67 3 7,3 95 3 4,0 14 558 3 3,4 56 3,471 3 ,23 0 9 ,13 2 13,305 8 ,326 2 ,458 2,521 3 0,3 25 2 ,793 8 ,969 1 5,0 88 3 ,18 9 286 2 ,13 9 15,582 1 4,519 1 ,063 5 ,41 6 1 7 4 ,7 8 5 122,84 4 2 0,265 3 4,556 35,975 5 77 3 5,3 98 3,7 15 4 ,70 0 9 ,92 7 1 3,7 06 8 ,448 2 ,976 2 ,282 30,115 2 ,348 9 ,087 15,173 3 ,13 8 3 69 2 ,605 12,965 12,164 801 6 ,25 6 1 8 0 ,3 5 9 130,901 2 2,7 08 3 6 ,4 26 3 7 ,9 23 6 08 3 7,3 15 3 ,94 9 3 ,77 6 1 1,6 26 1 4,4 93 7.901 3 ,79 7 2 ,79 5 2 6,374 2 ,29 0 9 ,45 3 10,644 3 ,61 0 3 77 2 ,39 2 15,643 14,786 8 57 5 ,04 9 1 9 0,3 3 9 1 39 ,46 4 2 8,7 93 3 6,6 96 3 9 ,3 15 645 3 8 ,6 70 4 ,277 4 ,27 8 1 1,8 07 14,298 8 ,932 3 ,920 1.446 2 7,6 86 2 ,53 9 9 ,51 9 10,958 4 ,32 8 342 2 ,53 0 14,803 13,822 981 5 ,85 6 2 0 3 ,8 4 4 1 45 ,35 8 3 3,5 20 3 4 ,8 06 3 9 ,0 58 665 3 8,3 93 4 ,08 3 4 ,80 0 1 2,9 87 16,104 1 0,7 60 3 ,6 3 2 1 .712 3 0 ,8 59 2 ,4 5 7 9 ,7 1 6 1 3,5 12 4 ,76 3 411 2,801 17,786 16,656 1 ,13 0 7 ,04 0 1 7 9 ,5 0 5 1 20 ,55 9 3 1,2 12 2 7,7 92 2 8,3 05 546 2 7,7 59 ..... 3 ,77 6 4 ,934 12,202 12,338 7 ,444 3 ,35 5 1,539 3 0,7 77 2 ,269 8 ,890 13,378 5 ,490 7 50 2 ,753 18,410 17,110 1.300 7,006 1 1 9 ,8 7 2 8 5,6 28 8 1,0 24 6 8,043 2 35 6 7,809 12,981 4 ,60 4 3 09 4,2 95 3 4,1 45 99 1 19 ,02 2 84,214 79,278 6 5,6 60 159 65,501 13,618 4 ,936 299 4 ,637 34,606 202 101 ,99 1 7 0,1 07 6 5,2 97 5 2,5 99 -45 52,644 12,698 4 ,810 306 4 ,50 4 31,621 263 1 4 8,3 2 0 113 ,70 2 107 ,43 8 8 9,1 79 4 02 8 8,7 77 1 8,2 59 6 ,264 2 56 6 ,008 3 4,2 90 3 28 1 7 5 ,0 8 0 134 ,65 5 128 ,30 9 1 05 ,31 6 428 1 04 ,88 9 2 2,993 6 ,34 6 5 24 5 ,82 2 4 0 ,0 24 401 1 8 1 ,8 8 6 137 ,70 6 131 ,59 9 1 07 ,34 6 444 106 ,90 2 2 4 ,2 53 6 ,10 7 494 5 ,613 4 3,814 366 2 1 2 ,6 2 3 1 58 ,24 6 152 ,93 6 126 ,77 7 3 43 126 ,43 5 2 6,1 59 5 ,31 0 4 70 4 ,84 0 5 3,9 54 4 23 2 2 1 ,7 6 9 166,39 7 1 61 ,10 9 1 39 ,41 8 6 62 138 ,75 6 21,691 5,2 88 5 39 4 ,74 9 54,740 6 32 2 2 7 ,6 9 7 1 6 7,9 3 8 1 6 3,2 0 9 143,931 1 ,106 1 42 ,8 26 1 9,2 78 4 ,7 2 9 37 4 ,69 2 5 9 ,1 54 605 2 3 1 ,1 7 9 1 67 ,68 3 1 62 ,59 4 143 ,45 6 742 142 ,71 4 1 9,1 38 5 ,089 5 57 4 ,53 2 6 2 ,8 46 6 50 2 1 6 ,0 3 6 1 5 5,2 1 7 1 50 ,31 4 1 33 ,83 2 1 ,668 1 32 ,16 4 16,482 4 ,9 0 3 5 64 4 ,3 3 9 6 0 ,0 68 751 1 8 7 ,8 9 8 1 38 ,27 0 1 33 ,88 2 121,411 966 120 ,44 5 12,471 4 ,38 8 5 56 3 ,832 4 9,3 65 263 43 44 45 46 47 48 49 50 51 52 53 54 .. 55....... 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 1 3 7 ,8 6 4 107 ,56 4 102 ,46 0 8 9,5 17 4 46 89,071 12,943 5 ,104 231 4 ,87 3 3 0,2 34 66 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 60 T a b le 2 . 7 . H is t o r ic a l- C o s t In v e s t m e n t in P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [M illio n s o f d o lla rs ] 1994 1995 1996 1997 1992 1993 1 8 4 1 ,6 3 7 9 2 5,2 9 6 1 ,0 2 0 ,0 5 4 1 ,0 9 1 ,4 6 0 1 ,1 9 7 ,8 2 2 1 ,3 0 5 ,2 5 1 2 4 5 2 ,3 5 7 4 9 8 ,2 6 5 5 5 5,2 0 3 6 13 ,6 05 6 6 4 ,0 1 7 7 2 7 ,6 3 6 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 4 4 6 ,4 3 6 1 9 6,9 1 0 4 3 ,5 80 6 0,7 94 4 7 ,7 89 2 6,5 35 12,519 5 ,693 9 1 ,5 98 9 ,59 9 3 ,66 3 2 ,58 4 1,0 79 2 0,7 06 2 2,5 73 4 9 1,8 9 0 2 1 4,3 9 0 4 7,1 53 6 9,3 92 4 8,1 87 28,626 14,701 6,331 1 00 ,82 7 9,671 3 ,598 2 ,446 1,152 2 3,0 99 2 5,2 15 5 4 8,3 0 9 2 33 ,02 5 5 1,274 75,471 54,731 29,301 15,776 6 ,472 112 ,20 2 10,680 4 ,047 2 ,733 1,314 2 6,7 25 2 7,4 38 6 06 ,2 72 2 61 ,18 4 6 4,5 67 83,543 60,013 3 1,2 99 14,930 6 ,832 127 ,34 3 11,803 3,533 2,042 1,491 30,820 32,470 6 5 6 ,3 5 7 2 86 ,42 0 7 0,8 60 9 5 ,1 40 6 5,6 15 33,221 14,596 6 ,988 135 ,04 4 13,423 4 ,30 2 2,7 00 1,602 3 1,8 68 3 4,1 78 7 19 ,75 1 3 24 ,29 0 7 9,6 25 116 ,45 4 7 3 ,7 52 3 3,290 14,073 7 ,09 6 139,52 5 12,245 4 ,147 2 ,33 4 1,813 3 3,4 99 3 5,2 95 G e n e r a l i n d u s t r ia l, i n c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 2 0,138 2 3,1 75 25,569 28,804 3 0 ,3 49 3 1 ,4 98 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 14,919 7 8,955 35,532 23,775 1 5,5 85 1 ,134 2 ,92 8 78,973 2 1,2 23 1 ,035 2 0,1 88 6 ,64 3 5 ,54 8 1 ,095 6,531 8 ,22 0 1 ,127 10,081 9 ,43 8 4 12 9 ,02 6 15,710 1 6,0 70 86,481 4 6,2 73 2 0,0 42 14,732 2 ,084 3 ,34 9 90,191 2 2,1 85 1,119 21,066 8 ,187 6 ,774 1,4 13 7,8 49 10,680 2,1 95 11,275 9 ,878 437 9,441 17,942 17,744 104 ,60 9 59,125 28,266 10,981 1,750 4 ,487 98,474 23,717 1,232 22,485 9,6 50 8 ,14 6 1 ,504 8 ,936 12,493 2 ,184 12,518 9 ,64 8 474 9 ,174 19,328 19,913 111 ,35 8 68,162 22,739 13,647 1,687 5 ,123 106,38 6 26,001 1,279 24,722 10,322 8 ,577 1,745 9 ,695 14,334 2 ,257 13,423 9 ,836 494 9,342 20,518 2 0,924 120,88 4 7 6,984 2 3,622 1 2,9 42 2 ,17 7 5 ,159 1 14 ,00 9 2 7 ,5 20 1 ,362 2 6,1 58 10,313 8 ,256 2 ,057 1 0,3 90 16,478 2 ,415 14,154 10,627 511 1 0,1 16 2 2,1 12 22,841 1 28 ,29 2 8 5,0 74 1 9,2 97 15,644 2 ,55 6 5,721 1 27 ,64 4 3 2,1 45 1,372 30,773 13,672 10,763 2,9 09 1 1,109 1 7,366 3 ,95 9 13,969 12,182 495 11,687 2 3,2 42 L in e P riv a te f ix e d a s s e t s E q u ip m e n t a n d s o f tw a r e N o n r e s id e n tia l e q u i p m e n t a n d s o f tw a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t S o ftw a re 1 C o m m u n ic a t io n e q u ip m e n t In s tru m e n ts P h o t o c o p y a n d r e la te d e q u ip m e n t O ffic e a n d a c c o u n t in g e q u ip m e n t I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u i p m e n t O th e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r f u r n it u r e T ra c to rs F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u i p m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c tu r e s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a t io n a l b u ild in g s H o s p it a l a n d i n s t it u t io n a l b u ild in g s O th e r H o te ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n fa r m b u ild in g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l i g h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a r m r e la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls P e t r o le u m a n d n a t u r a l g a s O t h e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n tia l s tr u c tu r e s H o u s in g u n it s P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 See th e s e c tio n “F o o tn o te s t o th e T a b le s ." 41 5 ,921 6 ,37 5 6 ,8 9 4 7 ,33 3 7 ,6 6 0 7 ,8 8 5 42 3 8 9 ,2 8 0 4 27 ,03 1 464 ,85 1 4 77 ,8 55 5 3 3 ,8 0 5 5 7 7 ,6 1 4 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 1 6 5 ,2 2 4 1 09 ,69 0 2 8,692 2 3,239 27,727 4 58 2 7,2 69 3 ,39 2 5 ,13 4 12,803 8 ,70 3 4 ,55 7 3 ,04 0 1 ,106 30,574 2 ,77 6 8 ,92 9 11,193 6 ,82 7 8 49 2 ,3 9 8 14,063 12,808 1,2 55 8,4 99 1 7 6 ,4 3 5 114,921 26,184 24,039 3 0,8 74 480 3 0,3 94 3 ,783 5 ,114 13,923 11,004 5 ,643 3 ,806 1,555 32,721 2,9 76 9,551 13,625 5,5 83 986 3 ,39 2 17,590 16,211 1 ,379 7,811 1 81 ,4 90 124 ,96 6 28,684 2 5,5 30 3 5,7 75 521 35,254 3 ,765 5,591 13,673 11,948 5,7 46 4,6 30 1,572 2 9,069 3 ,220 10,050 10,171 4 ,63 0 998 3 ,226 17,349 15,448 1,901 6 ,880 2 02 ,6 20 140 ,43 7 32,234 29,519 40,658 585 40,073 4 ,210 6 ,219 12,536 15,061 8,788 5 ,830 443 35,141 3,391 11,024 13,589 6 ,208 929 3 ,014 17,141 15,724 1,417 6 ,887 2 2 6 ,4 4 7 1 56 ,97 5 3 2,342 3 2,118 4 5,912 652 4 5 ,2 60 4 ,41 2 7 ,667 13.129 21,395 1 3,4 90 6 ,375 1,530 3 9,0 54 4 ,26 3 11,697 14,440 7 ,63 9 1,015 3 ,65 8 2 0,9 73 19,285 1,688 5 ,78 7 2 5 7 ,2 4 4 178,451 3 2,9 99 3 9,7 85 4 9,6 26 727 4 8,8 99 5 ,62 3 9 ,82 5 15,097 2 5,4 96 15,966 7 ,77 0 1,7 60 39,531 4,8 68 12,302 14,916 6,481 964 3 ,802 3 0,0 04 2 8,3 29 1 ,675 5 ,456 68 69 70 71 72 73 74 75 76 77 78 79 2 2 4 ,0 5 6 1 60 ,96 0 155,41 8 144,831 1 ,14 0 143,691 10,587 5 ,54 2 5 14 5 ,02 8 62,751 345 2 5 0 ,5 9 6 178 ,48 7 171 ,41 5 1 62 ,47 8 1,220 161 ,25 8 8,937 7 ,07 2 552 6 ,52 0 71,574 535 283,361 2 07 ,84 4 198 ,43 3 186,391 1,358 185 ,03 3 12,042 9,411 2,3 34 7 ,07 7 7 5,193 3 24 2 7 5 ,2 3 5 206 ,02 9 194 ,58 9 179 ,25 8 1,077 178 ,18 2 15,331 11,440 2 ,716 8,724 68,716 490 3 0 7 ,3 5 8 2 28 ,02 3 2 15 ,25 8 197,761 1,391 1 96 ,37 0 17,497 12,765 1 ,575 11,190 78,761 574 3 2 0 ,3 7 0 2 38 ,7 56 2 2 5 ,2 7 8 205,451 1,421 2 0 4,0 3 0 19,827 13,478 1,9 60 11,518 80,824 790 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 61 T a b le 2 . 8 . C h a in - T y p e Q u a n t ity In d e x e s fo r In v e s t m e n t in P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e [In d e x n u m b e rs, 1 9 9 6 = 1 0 0 ] L in e P riv a te fix e d a s s e ts C o m m u n ic a tio n e q u ip m e n t In s tru m e n ts P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t In d u s tr ia l e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu ib iu e s M e ta lw o r k in g m a c h in e ry G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a nd in d u s tria l a p p a ra tu s T ra n s p o rta tio n e q u ip m e n t T ru c k s , b u s e s , a n d tr u c k tr a ile rs A u to s S h ip s a n d b o a ts O th e r e q u ip m e n t F u rn itu re a n d fix tu re s H o u s e h o ld fu r n itu re O th e r fu r n it u re T ra c to rs F a rm tia c to r s C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s M in in g a n d o ilfie ld m a c h in e ry S e rv ic e in d u s try m a c h in e ry E le c tric a l e q u ip m e n t, n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n re s id e n tia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tr u c tu r e s N o n r e s id e n tia l s tru c tu r e s N o n re s id e n tia l b u ild in g s , e x c lu d in g fa r m In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo ra tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa rm s t r u c t u r e s 5 R e s id e n tia l s tru c tu r e s H o u s in g u n its P e r m a n e n t s ite F a rm N o n fa rm 5 -o r - m o r e - u n it N o n fa rm Im p ro v e m e n ts See th e s e c tio n "F o o tn o te s to th e T a b le s ." 1902 1903 3 .8 2 2 0 .7 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 0 .7 4 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.78 4.35 2 8.20 44.75 0 .00 2 .32 1113 18 7 .02 7 .79 9.32 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 1 .77 2 .1 7 0.00 0 .0 0 0 .0 0 8 7.96 8 5.23 1.16 4.53 0 .0 0 5 .08 0 .00 0 .00 0 .0 0 9.81 2 .07 2 .45 0 .00 0.00 0.00 8 0.47 103 .56 1.46 4.81 0.00 5.40 0.00 0.00 0.00 13.57 2 .37 2 .92 0 .0 0 0 .00 0 .00 8 2.53 128 .19 1 .29 5.19 0.00 5.82 0.00 0.00 0.00 10.65 E q u ip m e n t a n d s o ftw a r e N o n r e s id e n tia l e q u ip m e n t a n d s o ftw a r e In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a r e C o m p u te rs a n d p e rip h e ra l e q u ip m e n t 1901 1 1904 1905 4 .3 3 4 .5 7 4.31 4 .9 2 0 .83 0 .9 2 0 .7 8 0 .9 4 0 .9 7 0.01 0 .8 5 0 .00 0 .00 0 .00 0.00 0.00 0.00 0.00 6.53 4.78 31.61 5 0.15 0.00 .......2 7 1 .... 12.60 0 .9 5 0 .00 0 .00 0 .0 0 0 .00 0 .00 0 .0 0 0.00 7.54 5.31 3 5.32 5 6.04 0 .0 0 2.92 1475 0 .8 0 0 .0 0 0.00 0.00 0 .0 0 0.00 0.00 0 .0 0 5 .6 7 4 .14 25.01 3 9.68 0 .0 0 ...... 2 .2 3 .... 11.01 1906 5.31 1907 1908 1909 1910 5 .4 6 4 .6 4 5 .3 5 5 .4 7 1 .2 4 1 .4 4 0 .9 0 1 .0 8 1 .2 5 1 .2 7 0 .02 1 .4 8 0 .02 0.91 1911 5 .2 6 1912 1913 5 .8 3 0 OC 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0.17 0 .0 0 0 .0 0 0 .22 0 .24 0.19 0.17 0.02 0.22 0 .1 7 0 .26 0 .18 0.28 0.25 0 .0 0 0.14 0.12 0 .03 0 .25 0 .1 7 0 .0 0 0 .24 0 .1 9 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 6.47 5.34 3 0.44 4 8.30 8.19 6 .6 0 38.11 6 0.47 7.81 6 .5 3 34.71 5 5.07 5 .33 4 .1 2 2 2.8 0 3 6.1 8 6.49 5.37 2 7.22 4 3.19 7 .45 5.79 3 0.5 0 4 8.4 0 6.20 5.01 22.95 3 6.42 7.16 6 .2 3 2 6.08 4 1.3 9 7.79 6 .6 7 0 .0 0 0 .0 0 0 .0 0 0 .0 0 2 .89 1 2.82 ......... 3 .3 6 1 4.83 1 6.26 9 .3 9 7.85 8 .7 9 9 .7 3 1.44 2.81 0.30 1 .67 1 .7 8 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 .......2 7 3 13.50 3 .4 8 1 7.08 3.40 16.25 2.56 1136 2 .88 13.62 6.71 8 .53 1 0.55 1 0.14 6 .8 2 8 .35 1.97 2.42 0 .0 0 0 .0 0 0 .0 0 7 0.53 1 05 .53 1 .4 7 5.31 0 .0 0 5 .9 6 0 .0 0 0 .0 0 0 .0 0 11.10 1 .09 2.99 1 .56 3 .8 9 1 .42 4 .52 0.91 1.81 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0.00 0 .0 0 0 .0 0 0 .64 0 .77 0.58 0 .0 0 1.60 2.51 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 7 2.06 135 .75 1.64 5.98 9.82 5 .9 0 0 .0 0 6 9.14 186 .04 2 .2 0 6 .6 7 1 0.47 6.62 8 3.19 2 14 .85 3 .3 9 5 .8 8 9.45 5.81 0 .0 0 4 2.23 8 2.64 2 .6 8 4 .9 3 7.51 4.91 4 7.9 3 118 .78 3.31 5 .7 5 9 .0 8 5 .7 0 4 8.92 101 .33 3 .1 6 4.91 7 .97 4 .8 5 184 .55 3 .4 2 5 .0 0 8 .0 6 4 .9 4 2 42 .15 3 .4 7 4 .5 0 7 .23 4 .4 6 1.24 .... 1 .7 3 ..... o .o o '.. ....... 3L36... 1 5.69 0 .0 0 0 .0 0 0 .0 0 0 .0 0 4 6.53 7 6.64 3 .2 0 6 .0 4 9.82 5.96 0.00 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 11.68 0 .0 0 0 .0 0 14.80 14.83 1 2.26 14.83 1 5.74 0 .00 1 9.13 0 .0 0 1 5.72 1 7.62 0 .0 0 0 .0 0 35 15 4 1.76 3 .5 9 375 0 .9 5 1.28 595 6 70 0.33 0 .5 6 ....... 1 .3 7 .... .......1 .4 5...... 0 .7 9 0 .9 8 0 .0 0 35 36 37 38 39 40 0 .0 0 0 .00 0 .0 0 0.00 0 .00 0.00.......................... 0 .00 0 .0 0 0 .00 o !o o 0.00 0 .00 0 .00 0.00 0.00 41 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .5 7 42 0 .5 6 1 2.82 1 4.4 4 0 .5 8 1 4.9 9 1 4.6 0 1 6.41 1 6.5 6 1 6.1 8 1 5.4 0 1 7.5 6 1 7.2 0 1 6 .5 7 1 7 .2 8 2 4 .9 4 15.70 24.03 2 2 .3 4 1 7 .1 6 2 1 .0 6 2 2.8 2 2 4.4 0 2 1 .9 2 2 4 .7 9 2 7 .5 7 2 6 .1 4 12733 17.22 2 6.7 6 1 6.60 2 0.33 2 1.63 2 1.08 2 4.43 2 5.17 27.11 8.27 0.00 8.74 18.41 5.21 2.89 13.42 5.11 14.14 3 18 .46 5 8.02 417.21 5.67 2 2.58 4 .74 4 .43 6.51 7.25 6 .6 2 8.28 8 .7 8 0 .0 0 3 3.0 0 1 7.89 9 .5 6 0 .0 0 2 6 .0 9 17.55 3 0.10 17.24 8 .1 7 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 5.01 1 3.29 3.41 1.98 1 3.02 5.20 8.31 3 26 .13 5 8.1 8 ...... 410.11 5.51 2 4.23 4 .6 7 12.41 3 .18 1.85 13.21 5.38 9.34 326.71 5 4.94 3 65 .94 6.79 2 5.82 6.88 15.26 4 .18 2.27 14.51 5.84 10.88 3 56 .97 5 4.86 354 .76 8.64 2 7.80 7.66 16.11 4 .56 2 .53 14.70 5.41 12.36 3 61 .58 5 9.05 3 91 .78 6.94 2 9.67 6.99 1 5.67 4 .2 9 2.60 11.95 5 .6 0 1 1.69 2 77 .18 “ '" 5 2 : 5 8 3 35 .93 4.41 38.91 8 .74 18.28 5 .0 8 2 .6 0 1 4.74 5.41 12.71 3 61 .50 5 6.50 369 .23 ... . 4.38 4 2.34 9 .2 7 1 8.65 5 .3 2 2 .7 8 11.01 4 .65 13.81 2 49 .86 7 5.59 5 17 .88 5 .87 46.21 158.95 113.94 181 .23 110 .54 184 .09 9 9 .1 3 172.11 9 9.56 184 74 ... 1 22 .21 ....... 98.31 882 1 2.88 986 15.68 1 2.9 2 '15.17 16.95 1 6.90 2 07 .36 ... 15.55 14.93 1 1 .1 4 13.00 14.52 1 4.49 194 .53 13.22 12.63 0.00 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 174.71 121 .44 6.71 6.62 10.26 68 69 70 71 72 73 74 75 76 77 78 79 9 .0 7 8 .4 6 8 .53 1 0.52.......................... " 9 ”6 6 ....... .... 9.75 11.75 1079 ... 10.89 11.79 10.84 10.83 258 .63.......................... 254 .36 237 .12 1 0.05 9.11 ......9 .23 9.53 8.64 9.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4 .06 4 .0 4 4 .2 7 7 7.18 103 .20 7 2.02 1 8 .8 8 2 3.6 8 11.29 15.92 16.01 2 4.35 10.20 4 .18 8.62 0 .00 0.00 4.41 9.10 12.41 19.19 3.71 5 .44 1.85 3.01 11.01 13.12 5.96 7 .59 10.84 1 4.76 247.82 284.51 43.81.......................... 5 1.16 _ 300 .15 3 56 .77 4.19 ...... 4 .6 4 18.00 2 1.97 173.15 122.34 6 99 7.12 8.74 boo ....... m .... .........o .o o .... 0 .0 0 ....... 0 .0 0 0 .0 0 44.06 43.01 3 0.70 3 7.93 0 .9 9 6 .25 035 .......1 .4 7 .... .......o j o ..... 0 .8 8 5 .0 6 0.35 1.34 0 .0 0 0 .0 0 0 00 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 4 .1 7 ..... 0 .2 6 1 .2 0 4 1.97 1 .0 6 ........ 6 . Ï 0 ..... 0 .4 2 1 .33.... IU .u j .... 8.39 1160 8 .55 11.31 ...... 7 .2 3....... 1 1.60 9 8.58 1 3 .9 4 -■ "1 6 4 9 0 .7 7 93.41 1 06.40 7 .30 2 0.34 5 .7 0 3.29 1 1.15 6.88 15 37 2 27 .87 " 6 3.80 4 01 .19 5.83 5 0 68 2 7.04 .... 84.29 102 .49 160 .92 ..... M i t ..... 3 0 3 .32 7J9 5 4.96 2 8.8 2 5 6.6 7 105 .54 2 60 .56 5 1.83 3 46 .33 5 .8 6 32.05 17.58 5 0.42 1 06 .4 7 " " 8 .4 7 1 3.17 7.Ö8 1 3.76 33.61 6 .5 7 1 1.83 49.31 8 7 0 ...... 1 5.04 8 1.93 1 4.03 1 5.04 7 3.63 1 3 .2 8 ... 1 5.68 1 7.52 1 7.30 198 .54 16 0 2...... 1 7.34 1 0 .7 2 1 3.99 13.71 2 08 .82 12.33 15.03 1 0.6 2 12 34 1 3.78 13.51 2 04 .26 .... 1 2.16 1 4.79 1 1 .4 4 13.41 1 4.98 14.68 2 1 6 .45 Ï3 .2 6 1 6.09 1 5.13 2 23 .96 13.65 1 6.65 0 .0 0 86:25..... 103.31 1 0.1 0 24.31 6 .9 0 3 .6 3 1 0.76 7 .2 8 8 .62 2 2.07 6.23 3.42 1 1.74 1 3 .5 5 ....... 7\67 1329 3 4.15 9 .7 3 1 1.03 1 2.32 12.23 2 38 .33 1 0.63 1 1.44 6.91 46.31 3 .8 8 ...... 1.35 7 .5 9 0.54 " 1 1 .5 2 13.41 1 4.98 1 4.95 197 .75 1 3.66 1 3.08 12:52...... 1 1.71 1 3.82 0 .0 0 18.42 1 8.19 218 .05 16.78 18.26 0.00 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 5 .0 5 101.41 5.72 5 3.62 0 .0 0 0 .0 0 5.22 101 .86 0 .0 0 4.90 7 4.26 5 .1 9 7 2.24 5.34 7 4.26 0 .00 4.74 6 2.37 4 .69 90.41 9 7.37 7 3.36 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 62 T a b le 2 . 8 . C h a in - T y p e Q u a n t ity In d e x e s fo r In v e s t m e n t in P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu re s ; b y T y p e — C o n tin u e d [In d e x n u m b e rs , 1 9 9 6 = 1 0 0 ] L in e 1926 1925 1924 1923 1922 1921 1920 1919 1918 1917 1916 1915 1914 5 .8 8 5 .7 5 5 .31 5 .6 6 6 .1 4 5 .5 9 7 .2 3 9 .0 4 9 .17 10.10 1 0.6 7 1 2 5 .1 7 4 .8 8 1 .4 7 1 .5 0 2.10 2 .6 5 2.88 2 .5 4 2 .5 7 2 .0 7 2 .3 9 3 .2 8 2 .8 2 3 .4 3 3.51 1 .4 9 0.06 1 .5 2 0 .06 2 .1 4 0 .09 2 .6 9 2 .9 3 2 .4 2 3 .3 4 0 .0 6 0.08 S o ftw a re ! 6 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.10 0.00 0.00 3 .5 6 0 .13 0.00 0.00 2.86 0.10 0.00 0.00 3 .4 8 0.11 0.00 0.00 2 .6 0 0 .0 9 2.10 0.10 0.00 0.00 2 .5 8 0 .08 C o m p u t e r s a n d p e r ip h e r a l e q u i p m e n t 3 4 5 0 .6 2 0 .7 2 0 .2 3 5 .24 P r iv a te fix e d a s s e t s E q u ip m e n t a n d s o f tw a r e N o n r e s id e n tia ! e q u ip m e n t a n d s o f tw a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e C o m m u n ic a t io n e q u i p m e n t 7 In s tr u m e n ts 8 0.23 0.42 P h o t o c o p y a n d re la te d e q u i p m e n t 9 0.11 O ffic e a n d a c c o u n t in g e q u ip m e n t 10 11 12 3 .06 I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s M e t a lw o r k in g m a c h in e r y E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a il r o a d e q u i p m e n t O th e r e q u i p m e n t F u r n it u r e a n d f i x t u r e s H o u s e h o ld f u r n it u r e O th e r f u r n it u r e T ra c to rs F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O t h e r n o n r e s id e n t ia l e q u i p m e n t R e s id e n tia l e q u i p m e n t S tr u c t u r e s N o n r e s id e n tia l s tr u c tu r e s .......N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b i le s t r u c t u r e s O th e r c o m m e r c i a l 3 R e lig io u s b u ild in g s E d u c a t io n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l ig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a r m r e la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls P e t r o le u m a n d n a t u r a l g a s O t h e r m in in g O th e r n o n fa rm s t r u c t u r e s 5 R e s id e n tia l s tr u c t u r e s H o u s in g u n it s P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n "F o o tn o te s t o th e T a b le s ." 0.43 1.09 0 .25 5 .0 9 9 .35 6 .07 30.01 0 .43 0 .67 0 .15 3.91 7.55 0.53 0 .7 3 0 .1 7 3 .9 5 5.43 3 .4 3 2 0.77 1 4.22 2 7.32 4.12 1 3.48 2 .7 3 7 .2 9 6 .0 6 15.71 7 .7 7 2 5.19 4 .92 1 5.47 0 .46 0 .6 0 0 .16 3 .69 8.41 7 .3 5 1 8.29 9.13 2 9.19 3 .9 9 1 7.57 0 .53 0 .6 7 0.18 4.83 1 1.33 9 .5 3 1 6.94 22.21 0.60 0 .5 6 0 .1 6 4 .7 6 9 .5 3 9 .2 2 1 9.89 1 3.83 2 6.04 3.71 1 8.57 0.31 0 .4 6 0.12 1 3.88 2 6.47 5 .7 8 2 0.5 9 0 .7 0 1 .29 0 .25 5 .46 1 1.90 9.14 19.88 13.88 2 5.96 6.97 20.63 3.29 13.11 18 7.46 7.73 1 1.77 14.01 9.87 4.22 2 .5 0 7.90 10.01 13.68 12.60 15.71 17.85 19 1.52 4.15 0.46 1.16 1.63 4.13 0 .85 1.67 2 .35 6 .19 1.35 2 .1 8 2.82 8.56 2.48 3 .1 8 2.77 10.32 5.21 5.13 2 .7 4 8.90 4 .18 8.65 1.91 10.28 3 .99 9 .6 0 1.94 7.75 2.17 7 .3 8 2.99 8.93 2.98 9 .13 0 .19 169.53 8 6.09 5 .37 5 .82 9.81 5.69 8.40 7.86 9.81 13.21 4.74 8718 3 .40 1 2.56 4 .00 13.37 0.25 159.35 159.56 7.61 8.30 14.38 8.09 11.49 10.90 12.45 2 3.28 8.15 104 .94 6.23 0.77 3 .8 5 9 .85 3 .96 9 .25 0.27 7 6.16 135.92 7.22 9.86 1 7.34 9.59 1 1.70 3 .9 2 1 1.55 4 .2 6 1 3.79 0.27 175 .84 1 04 .69 9 .95 1 0.50 1 7.44 10.29 13.47 1 1.97 1 9.79 2 1.98 9.47 7 0.5 7 6.83 0.87 4.58 10.32 4.22 7 .29 0 .76 197.77 117.45 11.06 10.76 18.38 10.51 1 3.96 12.52 19.73 2 6.38 10.81 9 3.84 7.43 G e n e r a l in d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t I n t e r n a l c o m b u s t io n e n g in e s 0.11 0.44 0 .6 4 0 .16 5 .57 10.99 5 .8 9 3 4.48 2 3.32 4 5.79 6 .5 4 22.85 2.92 1 2.67 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . S te a m e n g in e s 0.37 0.44 0.00 0.00 4 .8 3 9.44 5 .8 0 2 9.38 1 9.67 3 9.32 5.36 1 9.92 13 14 15 16 17 E n g in e s a n d t u r b in e s 0 .25 0 .45 0 .09 3 .3 2 6.29 4.62 19.91 3 1.60 0.11 0.00 0.00 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 6.10 5.22 2 0.19 32.04 0.00 0.00 4 6.80 127.14 4 .07 4 .17 6.49 4.14 2.48 2.75 0.00 17.94 0.00 3 6.73 3.32 1.11 5.80 0.48 1.49 0.00 0.00 6 5.89 87.66 4 .16 3.59 5.84 3.55 3.34 3.71 0.00 19.66 0.00 37.41 3.53 1.16 6 .55 0 .47 1.44 0.00 5 8.47 151 .90 5.09 4.08 6.30 4.06 3.65 4.05 0.00 2 2.67 0.00 5 8.84 5.31 1.63 9 .37 0.64 1.67 0.00 4 6.07 204 .42 6.31 4 .44 7 .04 4 .4 0 5 .95 6.61 0.00 23.94 6.05 8 8.80 6 .9 9 2.00 11.31 0 .8 0 1.83 20.21 4 0.00 6 .2 6 19.49 0.00 3 3.54 192 .06 7 .72 4.11 6 .58 4 .07 13.67 1 5.17 0.00 2 8.44 6.55 9 7.19 7.30 1.99 10.86 0.83 2.36 6.20 2 3.90 16.21 3 1.66 6 .1 3..... 17.02 0.00 6 3.29 109.87 7 .76 4.20 6.86 4.15 15.73 1 7.46 0.00 3 2.06 6.38 86.45 5.87 1.94 11.31 0.75 2.34 0.00 186 .88 105.64 7.64 2.35 8.43 1.94 1 9.23 2 1.34 0.00 29.31 6“00 9 6.82 6.53 2À4 0.12 163.84 8 5.96 4 .9 2 3 .95 7 .05 3 .83 6 .04 6 .70 0.00 2 0.33 4.77 57.11 4.44 0.43 13.54 0.00 Too 0.57 136 235 5.08 062 Ö.00 0.82 130 12.12 2 1.70 8.19 0.00 1.01 182 10.86 1 4.19 1 9.49 7 .89 7 5.86 6.64 0 .83 0.00 1.09 142 11.00 9.11 20.11 (TOO 1.00 0.00 1.31 1.14 5.45 6.01 2 .1 4 41 0 .7 7 0 .7 7 1 .1 5 1 .4 5 1 .4 4 1 .3 9 1 .9 4 1 .3 9 1 .5 4 1 .80 1 .9 0 1 .9 4 42 1 4.8 6 1 3 .5 4 1 4 .9 4 11.91 9 .0 3 1 1.9 6 1 3 .7 3 1 3.5 5 1 8.6 7 2 2.2 4 2 4 .3 9 2 5.7 3 2 7.5 9 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 20.86 1 6.8 6 11.62 1 9.00 9.62 5.44 1 9.7 7 1 4.14 2 0.60 16.05 6.42 2 6.0 4 19.96 3 0.84 18.20 2 6 .7 2 1 9.52 2 5.39 1 8.28 1 1.18 2 7.0 2 2 1.29 2 4.58 18.93 3 1.4 3 26.34 34.82 21.87 16.41 66 67 68 69 70 71 72 73 74 75 76 77 78 79 13.12 21.64 10.69 7 .05 1 8.6 0 12.71 2 1.48 11.55 4 .9 8 0.00 0.00 0.00 0.00 7.45 15.67 4.44 2.46 9.98 5 .6 6 19.91 187 .42 4 5.37 2 9 1 .87 5 .40 3 2.62 15.71 51.85 107 .37 1 2.34 1 2.92 1 2.47 3 4.27 5.74 1 2.95 3.63 2.17 9 .59 4 .62 1 6.62 196 .05 3 4.04 2 10 .14 4 .18 2 5.90 13.91 5 1.46 9 7.13 9.07 8.59 16.79 2 4.86 6 .78 1 7.60 4 .85 2.82 10.16 6 .53 22.61 175 .99 3 6.08 2 1 4.7 4 4 .9 8 2 6.48 2 0.58 4 4.69 1 14 .56 15.61 1 5.72 5 .25 14.17 4 .0 6 2 .1 9 10.28 1 1.41 1 3.42 1 4.99 1 4.42 2 22 .57 1 2.95 1 9.22 1 1.9 4 1 4.16 15.81 15.02 2 0 1 .89 13.69 22.47 1 2.3 0 14.52 1 6.23 1 5.63 2 7 1.1 6 13.83 2 0.50 0.00 0.00 0.00 4 .6 4 7 7.40 0.00 0.00 0.00 4.66 6 1.92 21.10 2 2.87 0.00 0.00 0.00 4 .8 0 8 7.72 6.01 18.01 200.10 3 3.19 2 08 .24 5 .7 8 2 2.76 1 0.72 3 6.22 144 .22 15.94 15.56 2 5.92 1 7.56 7 .5 5 8 .6 5 9 .6 6 9.51 3 00 .14 7 .4 5 9 .9 2 0.00 0.00 0.00 3 .6 0 82.11 1 6.1 5 9 .2 3 19.76 8 .32 3 .3 6 0.00 3.55 7 .9 0 2.22 1.33 5.69 3.48 1 0.15 108.92 3 1.10 2 17 .90 4 .65 16.34 5 .08 3 5.57 139 .68 18.05 1 7.95 2 6.27 1 4.06 4 .0 9 4.54 5.07 5.22 2 56 .69 3 .44 2 .65 0.00 0.00 0.00 2 .38 48.01 1 7.4 2 10.64 2 6.86 8.38 3.45 0.00 3.64 1 1.43 3.22 1.64 5.16 5 .08 14.16 6 6.47 3 0.47 188 .58 4 .62 23.97 9.81 3 4.66 1 65 .94 19.61 2 0.78 1 6.47 13.72 8 .4 4 9 .90 11.06 10.95 3 01 .90 8 .8 9 1 0.67 0.00 0.00 0.00 3 .4 6 67.31 2 5.7 2 21.81 5 6.22 17.25 9.68 0.00 10.22 2 4.04 4 .32 3.91 7 .97 6 .75 26.66 9 6.66 3 4.15 167 .86 7.44 3 9.89 14.27 5 6.93 131 .52 2 7.47 2 9.13 2 2.77 1 7.67 5 .8 7 6 .70 7 .4 9 7 .4 3 2 23 .97 5 .9 0 7 .0 2 0.00 0.00 0.00 2.64 92.21 1 8 .7 0 15.87 3 0.37 12.80 8 .09 0.00 8.54 3 2.08 6.49 5.93 8.42 8.12 3 1.54 8 0.86 2 9.20 161 .93 6 .16 2 4.60 12.62 43.51 57.83 15.35 16.61 9 .6 0 1 5.76 1 0.1 3 11.72 1 3.09 12.78 122 .18 12.00 14.65 0.00 0.00 0.00 4 .4 5 109 .93 2 1.4 0 17.58 2 5.34 1 6.15 8.67 0.00 10.21 0.00 9.15 4 5.67 1 2.13 7.01 1 1.44 1 4.47 3 4.26 109 .57 3 4.99 1 60 '0 2 7 .14 35.19 29.48 66.05 6 7.99 17.51 18.65 1 3.74 19.22 10.77 5 0.93 1 6.19 7 .40 11.41 14.43 3 2.60 115 .33 48.91 2 16 .33 9 .6 8 6 4.49 2 7.69 8 3.90 7 7.25 19.18 1 9.99 19.22 2 3.05 1 1.80 5 5.54 1 7.44 8 .04 11.78 16.32 3 2.75 108.41 5 4:69 2 18 .60 1 2.09 7 1.14 4 2.15 1 08 .79 7 1.42 17.58 1 8.54 15.55 2 6.48 2 0.0 5 2 4.23 2 7.07 2 5.22 145 .92 2 4.37 43.91 2 3.2 7 28.20 3 1.50 2 9.33 139 .03 2 8.55 5 1.38 1 7.1 7 2 0.42 22.81 2 1.74 137.21 2 0.93 31.46 0.00 0.00 0.00 5.67 195.41 0.00 0.00 0.00 5.62 195.64 0.00 0.00 0.00 0.00 6 .3 6 2 1 8 .30 11.86 0.00 0.00 1 2.52 5 6.15 17.33 60.21 22.12 22.11 9.02 1 5.44 2 5.70 4 7.08 9 0.70 48.71 2 4 2 .84 2 3.22 2 3.66 9.48 1 8.02 2 9.58 6 0.00 9 0.62 54.11 289 .95 13.38 40.42 45.84 50.10 6 5.06 2 4.25 2 5.25 2 4.87 2 1.54 2 5.4 2 3 0.65 3 4.24 30.81 1 49 .06 2 9.98 67.93 2 5.39 3 0.39 3 3.95 2 9.50 141 .55 28.71 79.30 1206 47.01 3 0.45 7 3.73 6 9.27 2 1.84 22.68 0.00 0.00 0.00 7 .0 5 2 86 .24 0.00 0.00 0.00 7.40 3 29 .40 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 63 T a b le 2 . 8 . C h a in - T y p e Q u a n tity In d e x e s f o r In v e s t m e n t in P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [In d e x n u m b e rs , 1 9 96 =1 0 0] Line P riv a te fix e d a s s e ts E q u ip m e n t an d s o ftw a re N o n r e s id e n t ia l e q u ip m e n t an d s o ftw a re 1927 1928 9 .9 9 9 .8 7 7.61 3 .1 4 3 .2 9 3 .8 4 3 .1 8 3 .9 0 0 .15 0.00 0.00 0 .1 2 C o m p u t e r s a n d p e r ip h e r a l e q u i p m e n t S o ftw a re 1 0 .0 0 0 .0 0 0 .0 0 0 .0 0 C o m m u n ic a t io n e q u ip m e n t 0.57 0.69 In s tru m e n ts P h o t o c o p y a n d r e la te d e q u ip m e n t 1930 1 0.1 4 3 .3 3 0.13 I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e 1929 0 .8 6 1.11 0.25 6 .05 1 1.80 8 .15 18.46 13.67 2 2.98 9 .05 18.66 0.81 1.31 0.35 5.90 13.41 10.38 2 1.89 1 5.80 27.83 9 .65 19.56 1931 1932 1933 1934 1935 1936 3 .3 3 4 .1 9 5 .5 9 6 .6 3 3 .0 7 2 .0 3 6.47 1 .2 3 1 .5 8 2 .0 4 2.81 3 .3 8 3 .1 0 2 .0 4 0.08 2 .4 5 1 .2 3 0.05 1.12 1.11 5 .41 2.7E 2 .0 4 0.09 0.00 0.00 0.00 0.00 3 .4 0 0.16 2 .4 6 0.00 0.00 1 .5 8 0.07 2 .8 2 0.00 0.00 2 .76 0.14 0.50 0.67 0.13 1.75 4.54 4 .0 3 4 .2 6 2 .28 6 .55 1 .83 8 .76 0.31 0 .7 8 0 .16 3 .3 9 5 .6 5 4 .9 9 6.65 4 .0 5 9.53 3 .1 7 9.42 0.45 1.04 0.17 3.63 7.62 5 .64 7 .15 1 2.85 5 .8 3 1 1.56 0.12 0.00 0.00 0 .6 9 1.23 0 .3 3 4.21 1 0.37 9 .0 4 1 9.20 13.85 2 4.43 6.80 14.62 0 .2 7 3 .03 7 .64 7 .1 4 12.45 8 .50 16.51 4.06 1 1.47 0.25 0.64 0 .1 9 2.18 4.51 4 .44 5 .28 3 .0 9 7 .74 1.59 7.71 0.88 0.05 0.00 0.00 0.21 0.11 0.00 0.00 0.57 1.09 0.31 4.55 1 0.64 7 .0 5 1 7.62 1 3.00 2 2.04 8 .89 6.21 1262 1 6.97 18.46 1 3.23 14.80 5.80 7 .9 0 5 .77 1 .24 2 .4 4 4 2.27 9 1.69 1 1.15 8.32 1 3.45 8 .1 8 2 5.07 2 3.45 29.51 2 6.69 3 .9 9 5.21 3 .6 9 1.63 1.73 79.11 3 5.59 9.10 6 .9 7 1 2.69 6 .7 4 1 9.29 18.05 2 2.67 2 6.07 6 .6 9 59.21 7 .0 3 1.89 1 5.42 4.94 6.08 5.15 1.94 2.71 3 6.76 4 1.63 9.35 8.04 1 1.83 7 .9 9 18.71 1 7.45 2 2.37 2 1.17 18 16.04 1 6.99 2 1.08 15.68 11.83 7.77 7 .4 7 9 .2 4 1 2.23 4.37 7.87 3.50 6 .18 1.43 109.39 8 8.87 11.26 11.24 18.95 4 .9 9 8.27 3.84 6.46 3 .7 0 152 .58 69.43 5.56 10.64 6.43 5.48 4.43 1 39 .49 4.91 8 .15 5 .10 2 .8 9 1.61 7 8.06 1 03 .17 1.69 2.75 2.49 1.64 0.06 14.72 13.28 4 .20 4 .8 8 7.32 4 .84 5.21 2 .29 2 3.03 7.41 1.43 2 6.28 3.76 0.91 1.98 4 .0 8 3 .4 9 1.58 1 .76 1 3.20 3 0.39 4 .8 7 5 .3 0 8.94 5.18 6 .4 2 6.53 4.09 7.95 2 .7 9 4.51 4.46 1.69 0 .8 5 5 .7 6 2 6.37 6 .9 0 5 .7 9 1 0.82 5 .5 8 1 2.19 12.46 7.46 1 6.52 3 .7 0 0.48 2.54 1.35 2 .4 3 2 .3 2 1.54 0 .8 7 8 .1 5 6.52 3.61 4 .4 2 6 .49 4.41 2 .6 2 2 .4 4 3 .1 9 5.32 0.83 2 7.97 3 .8 9 0 .7 5 6 .6 0 0 .4 0 2.54 1.41 1 .5 8 291 4 .9 0 1.38 11.37 0 .8 0 3.21 1 .9 6 2 .3 8 2 .7 8 T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O th e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O th e r fu r n it u r e T r a c to r s F a rm t r a c t o r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n t ia l e q u ip m e n t S tru ctu re s N o n r e s id e n t ia l s tru c tu re s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b i le s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o te ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic lig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a r m r e la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f ts , a n d w e lls P e t r o le u m a n d n a tu r a l g a s O t h e r m in in g O th e r n o n fa rm s t r u c t u r e s 5 R e s id e n t ia l s tru c tu re s H o u s in g u n its P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s i d e n t i a l 6 S ee th e s e c tio n "F o o tn o te s t o th e T a b le s ." 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 11.21 101.20 3 6.99 2 9.62 8.85 69.03 7 .6 7 2 .2 6 18.31 U35 4 .1 6 3 .6 0 4 .5 7 3.91 1.31 1.75 63.00 23.58 7.06 7 .67 11.72 7.60 10.39 5.38 4 0.54 13.40 5.52 3 3.15 6.65 1.71 13.54 1.05 3 .22 2 .0 4 1 .9 4 10.68 10.01 0.00 0.00 I 1569 19 I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 13 14 15 16 0.11 0.00 0.00 2 0.18 15.32 2 4.68 8.49 13.28 E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s S te a m e n g in e s 0.00 0.00 0.91 1.82 0 .39 5 .65 1 2.44 7 .44 2 3.96 1 6.96 3 0.98 1 1.08 1 6.96 17 F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s 1939 2 .5 7 G e n e ra l in d u s t r ia l, i n c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t I n d u s t r ia l e q u ip m e n t 10 11 12 1938 3 .0 9 0 .25 5.54 10.99 8 .78 14.93 9.69 20.51 6.82 18.99 O ffic e a n d a c c o u n t in g e q u ip m e n t 1937 5 .2 4 3 .7 3 6 .4 8 5 .7 9 1.03 0 .7 4 3 9.6 0 5 3.05 9 .5 6 7 .0 2 1 2.32 6 .8 3 1 9.50 1 8.26 2 2.82 2 1.19 677 9 9.17 7 .4 1 ...... 1 .6 2 ...... 13 06 0 .9 6 3.93 0.61 1.16 0 .2 7 4.43 8.50 5 .0 2 1 5.55 11.51 1 9.40 0 .77 1.68 0 .36 4 .74 9 .95 6.21 000 112 0.00 1.24 5 .99 1.47 6 .1 7 12.56 12.74 2 0.37 12.55 16.43 13.96 2 8.39 3 1.65 1 1.19 112 .17 8.57 2.72 2 1.90 1.63 4.80 41 2 .1 9 2 .0 4 2 .3 3 42 2 6.8 5 2 5.81 2 3 .5 4 2 .9 8 -17.80 2 .6 0 1 2.51 2 .9 2 7 .2 8 5 .6 6 43 44 6 .8 9 3 1.6 0 2 6.69 3 3.83 2 2.80 17.49 8.51 1 0 .9 9 3 1.3 3 27.26 3 9.16 2 5.28 15.80 3 3 .5 3 28.53 4 6.90 2 6.59 15.53 1 2.8 9 2 9 .0 9 23730 2 9.27 2 2.92 1 2.34 1 1 .5 4 1 4.41 1 8.55 14.18 14.05 1 1 .4 8 7.68 5.21 7 .27 4.12 8.81 6 .2 7 9 .8 9 6.36 1 1.34 4 .6 4 3 .2 9 1 0.9 4 1 4 .2 8 9 .2 5 14.64 8 .24 4 .5 4 1 7 .8 8 12.31 2 4.09 9.09 1 4.4 8 8 .78 11.51 6 .95 4 .1 7 1 5 .5 2 9.39 1 3.09 6.78 4 .7 6 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 7 0 ....... 71 72 7 3 ...... 74 75 76 77 78 79 11.00 16.12 13.15 3 1.39 26.72 10.81 8 3.02 7.48 0.94 0.00 10.77 18.09 10.54 14.00 1 0.47 3 3.56 2 8.56 10.69 9 1.20 7.28 0.00 0.00 1 0.67 16.41 1 0.56 1 4.96 11.01 0.00 11.02 8.05 0.00 8.11 0.00 12.21 4 .29 2 .33 0.00 18.47 6 1.53 21.92 12.23 17.23 2 4.04 59.91 110 .05 5 4.16 2 73 .86 1 2.7 5 ...... 4 0.42 4 8.9 8 ...... 114 .80 8 0.30 2 0.85 2 1.62 2 2.62 24.74 16.68 5 8.32 2 2.35 11.65 1 5.77 19.18 53.79 126.87 51.31 260 .25 1 5.00 16.40 5 1.55 2 4.26 12.25 14.40 1 8.23 4 1.96 137 .17 57.24 2 75 .60 22.03 13.03 5 1.32 2 5.83 13.93 1 3.87 1 6.17 3 8.95 148 .78 5 6.98 272 .88 22.81 6 .40 3 7.04 117.99 3 9.22 192.83 12.30 4.34 2 3.38 15.83 5.94 5.41 4.42 2 1.60 49.92 22.95 114 .57 7.41 4 2.12 7 9.29 7 2.09 2 1.80 22.54 2 4.54 2 2.59 3 8.33 135 .82 6 6.59 2 4.90 2 5.93 2 5.64 2 1.06 3 8.87 4 8.56 3 6.08 19.13 19.95 19.33 18.19 2 6.38 130.51 17.99 1 0.89 11.19 1 3.79 13.99 1 6.67 7 0.37 6.91 1 3.27 14.05 8.75 1 0.73 11.61 1 3.08 1 2.36 2 3.9 6 2 8.55 3 1.89 2 6.79 167 .43 2 5.79 8 4.94 2 2.31 26.43 29.53 25.11 163 .37 2 4.14 7 5.10 1 6.7 3 1 9.07 2 1.30 18.35 127 .78 17.58 51.52 1 0.0 8 10.51 1 1.74 1 0.99 9 3.07 10.41 18.54 8 .3 7 9 .38 10.48 9 .99 6 0.18 9.64 14.40 4 .3 9 4.57 5.11 5 .23 33.39 5.03 2 .95 3 .5 0 2.98 3.32 3 33 35760 ...... 3 1 0 2 .8 2 0.00 0.00 0.00 7.77 2 67 .90 0.00 0.00 0.00 8 .0 6 2 10 .15 8.50 3 7.86 2 5.09 1 0.38 10.10 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 8 .24 1 89 .72 7 .7 9 1 57 .19 4.93 61.71 3.63 4 2.74 2.46 11.91 4.66 1.81 4.20 4.05 12.66 4 8.17 14.91 9 3.47 3 .90 7 93 8 .84 1 3.27 11.22 11.22 0.00 0.00 0.00 5 .0 8 37.11 2.00 4 2 .5 4 4 .1 9 ...... 0 '9 2 .... . .......6 .6 1...... 0 .63 0.00 3 .4 8 1 0.44 3 .9 9 1 .49 4 .2 5 4 .6 8 1 1.27 4 9.6 8 1 7.29 114 .77 3 .8 6 8703 9 .8 3 2 0.70 1 5.17 1 5.72 1 6.46 1 4.57 8 .7 2 66.12 6.68 9 .1 7 5.02 4.75 0.00 6 .3 9 44.41 6.86 0.00 5.02 13.69 4.78 1.65 4.76 5.14 11.55 59.85 18.60 114 .76 4 .17 4 .80 1 5.59 1 0.54 2.62 5 .5 9 5.86 1 6.84 6 0.99 2 4.59 136 .02 5.24 15 33 10.71 3 3.57 3 3.93 19.11 16.48 6 6.04 4 2.89 2 2.89 2 3.84 2 3.46 4.84 1 5.79 9 9.64 5 0.97 2 9 .4 7 ...... 3 0.89....... 2 6.96 6 .38 8 .8 2 8 .5 5 .... 9.55 9 .3 2 7 1.32 9 .5 5 9 .46 1 0.56 10 33 20.01 1 7.69 6.59 4 .8 6 6 .9 2 4 .3 4 6.40 4 .8 5 7 .1 5 4 .9 9 7 .27 3 6.4 6 5 9.83 ...... 4 7 7 ....... .......6 .9 0 2 .5 3 4 .75 0.00 0.00 0.00 0.00 8.12 9 2.74 8 .9 0 2.8Ò 2 2.47 1 .67 3 .3 0 0.00 0.00 0.00 8.47 5 0.66 ..... 8.88 1 0.76 0.00 0.00 0.00 9 .60 5 6.50 7.25 17.35 9 .55 4.11 5 .8 6 6 .70 19.91 5 2.18 2 8.12 147.62 7 79 10.20 8 8.64 ...... 9 Ü 5 ....... 13.08 0.00 0.00 0.00 9.69 6 7.76 1.10 2 .7 8 0.00 4 .4 0 20.10 9 .0 6 4.64 6.84 6 .3 2 2 6.19 6 1.72 2 5.53 1 09 .57 7 .37 07 QC ¿ /. o b 12.72 3 1.06 4 4.05 2 5.1 2 2 6.7 7 1 6.19 6 .1 9 9 .61 9 .9 3 11.10 1 0.92 6 6.65 1 0.52 1 1.46 0.00 0.00 0.00 8 .4 5 6 1.08 6.11 68.55 7 .7 7 2 .35 19.00 1.38 3 .30 0.00 5.03 18.84 8 .84 4.11 7.61 7 .48 2 7.00 7 2.57 2 9.10 125 .03 7 .4 1 2 7.84 1 2.08 1 26 .60 5 0.54 2 4.13 25.16 23.81 5 .7 3 1 3.7 3 1 5.03 1 6.79 1 6.34 9 2.63 1 5.80 19.37 0.00 0.00 0.00 9.41 7 4.64 F ix e d A sse ts a n d C o n s u m e r D u r a b l e G o o d s in t h e U n it e d S ta te s , 1 9 2 5 - 9 7 T a b le 2 . 8 . C h a in - T y p e Q u a n t ity In d e x e s fo r In v e s t m e n t in P r iv a t e F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e C o n tin u e d [ In d e x n u m b e r s , 1 9 9 6 = 1 0 0 ] L in e P r iv a te f ix e d a s s e t s E q u ip m e n t a n d s o f tw a r e N o n r e s id e n tia l e q u i p m e n t a n d s o f tw a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e C o m p u t e r s a n d p e r ip h e r a l e q u i p m e n t 8.64 5.36 4 .1 9 5.18 7.13 12.89 15.4 2 17.1 7 3.56 4.20 2.94 2.66 3.61 5.22 6.59 8.61 8.92 7.78 8.61 8.82 8.58 3 3.58 4.22 2.95 2.71 3.69 5.33 6.65 8.67 8.98 7.83 8.63 8.87 8.62 4 5 0 .17 0.19 0 .1 0 0 .1 1 0 .19 0.26 0.39 0 .4 9 0.50 0.45 0 .5 0 0 .55 0.63 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 1.96 4.94 6.98 1.72 1 7.00 2 8.24 2 7.50 5 1.46 4 5.14 5 4.76 2 1.77..... 39.84 2.39 6.49 1.65 15.35 2 1.70 21.58 52.61 4 9.84 5 1.20 13.20 30.77 2 .6 6 3 4.96 2 .9 6 8 .19 1.91 18.11 2 8.58 2 8.72 4 4.64 5 1.2 8 3 1.49 2 6.00 3 7.03 3 .8 6 8.82 15.32 23.90 2 7.66 2 .6 9 6 .6 3 1.61 16.61 3 0.46 3 0.40 4 2.47 2 5.62 6 0.1 4 2 8.63 4 1.26 2 .6 8 5 9.63 8 5.24 J2Ò.43 2 7.45 3 2.23 2 8.15 3 2.52 31.59 22.57 2 2.59 2 5.14 2 3.77 1 9.07 2 0.35 11.24 2 6.89 11.03 107.28 105.65 2 7.06 1 7.04 2 9.80 1 6.59 47.71 4 5.86 4 8.18 6 0.39 3 2.66 112 .55 3 6.84 8.05 58.40 5 .34 7 .7 9 1 7.67 2 0.36 12.14 2 3.20 3.96 3 6.56 164.07 3 2.32 1 5.42 2 9.03 14.85 61.91 62.31 4 4.75 76.59 39.40 141.85 5 0 03 7.61 5 7.05 4.85 8.91 15.84 19.97 9.91 25.61 7.31 52.21 168.72 2 7.47 14.67 2 9.24 14.02 64.63 68.84 24.21 73.82 2 5.10 106.70 34.20 7.28 56.41 4.45 8.64 19.11 2 2.1 8 1 1.96 3 3.40 4.67 5 6.75 123.21 2 8.69 1 5.75 3 4.44 14.83 6 6.28 7 0.19 2 7.20 7 4.64 2 8.16 122 .87 3 3.77 9.22 7 2.78 5.52 23.31 2 1.13 27.22 1 7.63 9.32 16.95 1 0.69 134.51 142 .75 2 8.17 1 6.65 3 3.17 15.93 6 3.28 5 3.78 9 9.80 7 1.00 32.25 151.30 2 9.69 7.34 5 1.02 5.03 8.03 0 .0 0 0 .0 0 7 8 1.24 1.13 0.28 6.84 1 4.92 0.78 0.59 0.71 In s tr u m e n ts 1.16 1.27 0.28 5.64 1 3.27 8.28 2 1.55 1 6.59 2 6.04 17.69 14.14 0 .11 0 .2 9 3.51 P h o t o c o p y a n d r e la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u ip m e n t 10 11 F a b r ic a te d m e ta l p r o d u c t s 12 E n g in e s a n d t u r b in e s 13 14 15 16 17 I n t e r n a l c o m b u s t io n e n g in e s S p e c ia l in d u s t r y m a c h in e r y , n .e .c . G e n e r a l i n d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t E le c t r ic a l t r a n s m is s io n , d is t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 17.59 7.70 2 0 .0 0 M e t a lw o r k in g m a c h in e r y 17.97 1 6 S te a m e n g in e s 18.85 15.71 S o ftw a re 1 C o m m u n ic a t io n e q u i p m e n t I n d u s t r ia l e q u i p m e n t 1952 1951 1950 1949 1948 1947 1946 1945 1944 1943 1942 1941 1940 18 15.57 1 0 .0 2 1 9.30 1 3.88 2 4.68 2 3.36 14.31 15.66 3 .19 11.61 7 .2 0 8.81 5 .23 12.94 21.70 1 1.62 1 0 .2 0 1 .2 0 1 1 .6 8 1 1 .6 8 14.85 11.31 18.20 2 0.34 9.11 11.87 1.47 1.28 0.32 5.41 1 5.56 1 3.68 28.01 19.99 3 6.17 .......17.11 13.95 1.69 3.59 0.84 7.34 2 1.03 15.58 6 3.29 4 3.58 84703 20.95 20.56 21.31 30.31 2 1 .8 8 4 .5 8 5 .7 5 1 .59 4 .88 0 .07 135.87 5 3.35 8.15 6 .8 5 1 1.09 6.73 8 .2 4 7.78 9 .2 6 3 0.68 6.73 7 5.63 7.43 2.41 1 8.97 1.47 3.64 5 .9 8 7 0.07 8 .8 3 217 17.74 1.26 3.05 9 .67 6.29 3.59 2.82 0.62 7 3.29 6 8.90 12.61 7 .1 5 1 0.98 7.08 3 0.55 2 8.68 3 5.30 3 8.24 3 .42 99.07 1 3.18 ...... 3.46 3 6.46 1.48 3.47 4.95 6.46 1.42 5.19 0.53 116 .24 8 2.69 1 0.35 8.31 13.73 8.14 1 1.15 10.32 1 .2 0 14.89 2 2.49 2 3.55 13.04 1 0 .6 6 1 2.60 1 6.28..... 7 .4 0 1 .76 1 6.97 2 5.32 2 3.52 6 7.12 7 2 .9 8 5 2.62 2 0 .0 0 2 .1 2 18.25 2 9.42 3237 S e r v ic e in d u s t r y m a c h in e r y 23 24 25 26 27 28 29 30 31 32 33 34 35 36 E le c t r ic a l e q u ip m e n t , n .e .c . ..... 3 7 ..... H o u s e h o ld a p p lia n c e s 38 39 40 3.55 28.92 2.08 4.02 8.06 9.52 6.69 1.13 3.75 112 .92 9 2.92 14.98 11.97 2 0.15 11.71 3 4.27 3 2.07 4 0.24 35.18 8 .63 145 .53 9.54 3.75 3 0.15 2.23 4 .9 2 849 7 .7 7 .... 41 3.39 4.09 2.65 1.13 0.74 1.20 4.32 6.61 6.84 6.43 8.09 7 .49 7.43 42 16.20 17.51 9.82 6.55 7.22 9.24 24.26 27.18 31.90 30.10 37.97 34.62 34.04 43 17.44 19.33 12.14 8.80 11.4 9 15.59 28.05 2 6.32 29.8 3 29.02 33.45 10.74 21.24 9 .59 4 .62 1 3.13 3 4.86 8 .32 5 .64 4.61 13.03 3.01 1.79 1 .2 2 2 .1 2 7 .54 2 2 .0 0 0.31 7.51 1.51 0 .2 9 1 5.3 0 ... 4 0.63 4 .27 1.56 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 2 .1 1 4 .8 7 22.70 1.89 9.98 4.45 3.14 0.23 3 .38 6 .70 5 8.10 3 1.70 1 56 .39 10.25 2 3 07 14.80 102 .58 4 4.12 67 4 .2 6 3.85 7 .2 9 1 7.82 3.79 3 2.80 132 .76 9.29 3 2.15 17.69 117.17 4 0.17 2 7.33 28.31 2 9.78 6.77 5 .9 6 2 2.26 11.97 5 .5 5 2.05 7 .2 8 1 8.14 5 8.35 334 1 148 .46 12.81 2 1.99 2 0.17 1 23 .40 49.41 28.51 29.31 34.01 6.38 1 .2 0 23.55 17.58 12.95 4.81 13.20 6 6.50 2 7.55 18.79 1 7.18 6 .06 2 7.66 7 1.12 59.36 134 .97 1 7.69 7 1.92 6 8.58 130 .60 167 .89 4 6.68 4 9.44 3 0.18 1 3.08 4 1.22 1 4.94 1 1.07 5 .2 8 20.31 4 3.77 11.25 7 .53 0 .0 0 17.38 2 9.97 14.32 11.09 4 .9 0 11.27 3 9.47 2 2.92 2 2 .2 2 5 .4 2 21.18 47.73 19.36 10.96 31.88 19.34 33.86 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 ...... 6 4.... 65 1 8.05 5 .7 7 1 6.28 132.31 5 9.9 0 143 .18 1 7.95 6 8.24 7 6.34 9 8.50 158 .29 4 8.7 4 5 1.80 2 9 .4 9 6 .4 3 7 .4 6 5 5.76 2 8.26 1 8.50 16.30 5 .4 8 1 2.08 127 .82 6 0.92 149.62 2 0.54 7 8.06 5 2.30 148 .05 167 .46 5 4.30 5 7.94 3 0.34 8.54 ~ 68 1 5.44 16.3 8 8.32 5.08 GO 1715 19.15 19.24 125.24 18.49 1 5.28 1 8.29 2 0.43 2 0.74 148 .50 1 9.83 13.87 9 .06 106 .17 9.52 5.41 6 .0 4 5.85 9 2.56 5.24 7.72 7 .3 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 1 .22 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 9.91 71.93 1 0.25 6 7.96 5.96 34.61 4 .1 3 8 .96 4.75 1 4.80 7.16 2 1.47 0.47 1.33 2 3.27 7 1.72 19 20 T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s 21 A u to s 22 A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u i p m e n t O t h e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O th e r f u r n it u r e T ra c to rs F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y O th e r O t h e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u i p m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c tu r e s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b i le s t r u c t u r e s O th e r c o m m e r c i a l 3 R e lig io u s b u ild in g s E d u c a t io n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l i g h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a r m re la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls P e t r o le u m a r id n a t u r a l g a s O t h e r m in in g 66 O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n tia l s tr u c t u r e s H o u s in g u n it s 70 P e r m a n e n t s it e 1 - to - 4 - u n it ...... F a r m .................................. N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n “F o o tn o te s t o th e T a b le s ." 71 72 73 74 75 76 77 78 79 7.45 8.33 5.96 1.55 4.58 8 9.72 7 4.46 1 1.52 10.03 16.05 9.87 2 4.26 22.72 2 8.35 2 3.99 8.27 86.13 8 .6 8 1 1.1 1 18.65 1 7.46 2 0 .2 2 19.96 3 5.20 3.61 1 0 .1 2 1 0 .2 0 1972 1 .0 2 0 .3 2 1 .78 1 .03 1 .1 0 2 .9 0 0 .9 7 1 .6 5 6 0.57 27.21 183.61 3 .8 0 1 2.60 1 0.36 9 5.55 5 3.65 1 8.48 1 8.18 3 3.12 ...... 7 .8 6 3.78 5.56 113 .78 6 6.52 18.17 9 .97 1 4.79 9.91 3 3.28 31.20 38.72 45.03 23.05 173.01 1 7.50 5 30 4 1.97 3.17 4.17 9 .5 7 .... 2 1.07 18.68 5 8.06 6 3.93 2 0.45 15.71 2 5.42 15.44 28.07 2 4.69 43.21 35.31 3 2.04 110 .47 2 3.83 5.81 4 7.00 3.39 6 .58 1 2 .5 6 ... 2 2 .9 0 4 .59 8 4.96 161 .93 28.51 1 8.06 3 1.14 1 7.60 6 7.80 6 1.43 8 6 .1 2 7 3.20 3 0.6 9 149 .68 2 7.58 796 5 3.25 5 .6 4 1.64 7.17 4 .8 8 3.41 6.80 2.33 5.12 5 9.26 3 5.77 218 .63 689 1 1.37 17.85 1 6.60 6.70 16.61 7.21 2 0.29 9 8.49 3 9.06 177 .30 16.21 1 .8 8 22.74 50.90 48.57 2 6.49 2 7.39 2 6.13 3.18 2 4.05 5 6.47 192 .89 2 8.36 2 9.75 2 1.63 7.21 4 0.67 9 3.97 182 .77 3 1.62 3 2.96 2 6.59 8 .5 6 4 3.53 138 .26 1 70 .99 3 8.82 4 0.98 2 6.64 7.06 16.00 21.42 11.91 9.75 2.73 9.99 58.19 2 5.04 10.96 18.46 6.34 2 9.28 79.73 61.29 153.02 21.43 80.28 53.12 111.35 165.95 3 9.33 41.73 2 4.45 8.55 4.41 5.08 21.57 27.48 32.96 30.52 41.56 3 4.76 34.09 4.31 4.81 4 .8 5 7 4.13 4 .3 6 3 .7 0 4.42 4.94 2 1 .0 2 2 7.20 2 9.70 3 0.2 9 228 .24 2 8.89 1 8.64 2.45 0 .72 2 .69 28.61 5 1.29 33.01 3 6.06 3 6.19 2 62 .39 3 4.59 2 9.26 2 .92 0.95 3.20 3 3.08 5 7.96 30.90 34.03 3 3.63 254 .84 32.06 33.54 1.47 0.47 1.61 29.42 6 8.80 4 4.99 4 9.62 50.42 223 .66 4 9.20 3 3.24 1.74 0.56 1.90 3 0.90 6 2.96 3 6.37 40.01 4 1.5 5 217 .06 40.31 1 6.67 1.87 0 .5 5 2 .06 2 9.84 6 4.63 3 4.82 3 8.06 3 9.63 187 .18 3 8.59 14.67 3.01 0.77 3.33 3 2.00 6 0.88 0.31 3 .1 0 1.78 2 .5 0 1.63 1.49 3 .3 6 5 2.25 3 4.67 2 27 .42 5 .1 5 1 4.23 2 3.95 8 7.75 52.98 2 4.33 2 4.83 2 9.42 5 .08 6 0.55 4 '6 9 2 .56 2 3.12 2 3.62 209 .37 2 2.30 1 4.09 1 2 .8 8 6.96 4 .1 3 7.01 2 2.06 1 7.53 6 .4 6 1.60 4 .6 3 1 1.98 6 6.73 5 1.89 1 64 .63 2 2.07 53 57 16.44 5.21 2 4.35 8 1.74 60.30 163.41 2 9.37 6 5.55 6 .6 8 1 1 .2 1 6 4.80 2 8 .4 9 2 0 .2 0 6 .6 8 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 65 T a b le 2 . 8 . C h a in -T y p e Q u a n tity In d e x e s fo r In v e s t m e n t in P r iv a t e F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [In d e x n u m b e rs , 1 9 96 = 1 0 0 ] Line P riv a te fix e d a s s e ts A ir c r a ft S h ip s a n d b o a ts R a ilro a d e q u ip m e n t O th e r e q u ip m e n t F u rn itu re a n d fix tu re s H o u s e h o ld fu r n it u re O th e r fu r n it u r e T ra c to rs F a rm tr a c to r s C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s S e rv ic e in d u s try m a c h in e ry H o u s e h o ld a p p lia n c e s O th e r O th e r n o n re s id e n tia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c tu r e s N o n re s id e n tia l b u ild in g s , e x c lu d in g fa rm In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r P e tro le u m p ip e lin e s M in in g e x p lo r a tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n tia l s tru c tu r e s H o u s in g u n its P e rm a n e n t s ite Fa rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s Fa rm N o n fa rm Im p r o v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n “ F o o tn o te s t o th e T a b le s ." 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1 8.8 9 2 1 .2 6 2 1.3 5 2 1 .1 7 1 9.4 4 2 22.22 2 2.41 2 2.3 0 2 4 .2 7 2 6 .0 8 9 .0 8 2 8 .7 6 3 1 .6 7 8 .51 9 .5 7 9 .8 8 1 0 .2 5 8 .6 0 9 .6 5 1 0 .0 7 9 .8 3 1 0.9 6 1 1 .8 4 3 4 5 9 .1 2 0 .70 1 3.5 3 1 6.0 7 8 .5 3 0.63 9.59 0.71 9 .8 9 0 .8 3 1 0.27 0.94 8 .5 8 0.85 9.61 0.90 1 0 .0 5 1 .09 9 .8 0 1.19 1 0 .9 4 1.32 1 1.8 2 1 3.5 2 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 0 .0 0 6 0 .0 0 0 .0 0 0 .0 1 0 .0 0 0 .0 0 0.01 0 .0 0 0 .0 0 0 .0 0 0 .0 2 7 3 .88 7.01 2 .80 19.52 3 3.47 36.01 8 2.39 106 .93 4 3.57 3 8.46 2 9.84 4.32 9.07 2.92 21.39 3 3.44 3 2.62 7 2.78 8 8.67 4 7.23 3 1.28 3 5.02 5 .18 8 .63 7 2.46 55.53 39.11 38.31 5 .99 10.06 3.23 3 0.09 3 7.49 3 8.76 8 2.89 9 9.63 5 4.58 36.71 3 5.69 29.61 3 1.12 3 5.49 80.74 101 .57 4 5.24 2 4.76 3 1.43 6.17 7 .53 3.52 28.78 3 1.36 3 1.85 6 9.03 83.01 4 5.28 2 6.36 33.43 0.17 7 .9 5 7 .8 9 4.18 2 8.1 3 3 4.02 3 0.02 6 6.08 8 2.15 3 8.67 30.21 3 7.96 0 .23 9 .53 7 .92 4.31 2 4.49 3 2.27 2 8.63 5 8.13 7 3.62 3 1.73 2 7.13 3 6.42 0 .3 0 10.87 7.60 5 .3 3 21.74 33.74 2 6.34 5 4.93 6 6.96 3 4.14 2 9.69 3 9.49 0 .5 7 5.28 9 .8 3 3 .0 9 2 4.96 3 7.13 33.91 13 14 15 16 17 4 .46 8.94 2.65 1 9.79 3 2.22 3 4.06 56.81 7 3.80 2 9.96 3 4.18 3 3.66 8 .38 8 .4 7 2 3.62 3 6.50 2 8.93 5 4.89 6 1.75 4 1.98 3 5.99 3 8.96 1 0.46 9.13 1 2.99 2 3.80 41.11 33.71 5 4.84 5 9.30 4 5.5 7 3 8.6 0 4 4.73 18 2 7.48 2 7.64 3 2.19 34.54 3 4.40 2 8.84 2 9.98 3 2 .7 9 3 1.25 3 3.55 3 7.96 43 37 19 2 8.94 1 5.87 8.65 2 1.50 10.41 82.83 73.30 25.63 17.85 36.31 17.03 4 7.15 4 0.89 6 9.76 59.61 2 4.28 125 .27 31.61 6.73 5 3.96 3.93 8.48 2 9.10 1 9.78 1 1.60 2 8.52 6.14 7 5.24 8 3.46 3 0.35 2 0.75 4 1.46 19.84 6 1.56 5 2.55 95.31 6 2.34 31.91 164 .75 3 6.24 8 .24 6 0.63 5 .2 7 9.68 3 2.92 17.47 11.51 1 3.59 16.56 9 3.84 106 .45 3 0.62 2 1.28 4 3.78 2 0.26 5 6.96 41.71 121.32 5 4.49 36.71 170 .94 3 6.96 9 .0 7 66.53 5.81 10.25 34.41 2 0.42 1 0 .0 0 2 8.59 1 2.70 8.43 3 1.36 1 9.14 1 0.43 22.81 2 0.75 136 .35 133.95 2 8.59 1 9.76 4 0.35 1 8.84 4 8.28 4 0.93 7 7.49 5 1.92 3 0.77 161 .25 3 6.47 8.80 6 1.96 5.83 10.41 1 4.67 136 .12 5 6.99 2 8.80 20.39 39.79 19.54 5 4.25 50.91 6 5.35 6 8.94 3 1.16 1 06 .36 3 1.44 7.01 5 3.73 4 .3 4 1 1.76 2 8.75 18.59 10.25 19.46 3 6.44 38.29 2 0.13 6 1.85 5 8.09 7 4.27 6 7.07 3 6.39 124 .59 3 1.26 7.48 5 4.64 4.81 1 4.09 3 1.54 8 .5 3 5 0.58 6 .2 8 15.11 3 1.16 17.21 10.85 15.03 34.52 9 5.32 5 7.98 2 8.79 2 0.96 3 3.08 2 0.55 4 5.57 4 2.58 5 5.68 5 7.26 2 9.09 103 .63 3 1.97 9.15 4 8.79 7.11 16.23 3 1.68 2 2.26 1 3.90 2 2.96 3 2.15 9 7.86 8 8.40 3 0.6 7 2 2.14 3 4.20 2 1.76 49.43 46.71 5 8.08 5 8.86 3 1.69 102 .58 3 3.72 3 2.77 2 0.64 14.74 18.22 19.35 8 3.53 9 2.66 35.71 2 5.08 36.01 2 4.82 6 0.04 5 5.38 7 6.49 6 9.03 4 2.22 1 31 .89 3 4.30 13.61 7 0.94 37.71 25.01 1 5.39 2 3.7 6 3 3.62 9 6.10 132 .44 3 9.76 2 7.0 8 3 9.54 2 6.75 7 3.36 6 7 .3 9 9 4 .7 0 7 0.86 4 9.92 147.42 3 8.2 4 1 5.04 8 1.46 1 1.60 2 1.57 8 9 10 11 12 6 6 .2 0 2 .6 6 10 .2 1 12.08 3 9.94 5 7.20 5 9.62 5 0.89 4 8.90 5 6.76 22 2 8.12 19.25 9 .24 2 4.17 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 142.35 127 .08 2 7.35 1 5.85 3 3.55 1 5.02 5 8.93 52.71 7 8.66 63.11 2 9.94 138 .87 3 3.74 7 .0 8 5 9.29 3.91 8.41 41 7 .8 2 8 .0 6 9 .1 8 1 0.1 7 1 0 .1 8 10.81 1 2.98 1 2 .1 7 1 2 .1 9 1 2 .8 8 42 1 4 .3 4 3 5.9 6 1 5.3 6 3 8 .3 3 1 7.1 2 4 3.1 7 4 2 .6 8 4 1 .1 0 3 9.9 4 4 6.1 9 4 5.6 3 4 5.9 5 4 9 .2 7 5 2 .7 7 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 5 6.8 5 3 6.4 8 2 3.03 4 1.77 14.48 14.01 6 .9 5 1 4.18 6 5.65 3 4.13 1 4.82 1 8.52 7 .8 7 1 5.69 1 23 .02 6 5.14 143 .47 2 1.77 8 6.65 5 7.28 174 .06 150.01 5 9.32 6 3.27 3 3.39 1 2.08 5 9 .3 9 38.01 2 6.20 3 9.37 18.74 17.91 7 .25 18.20 8 4.73 4 3.55 16.17 2 2.48 8.96 2 2.53 1 40 .16 5 8.79 121 .89 2 2.89 8 0.46 5 0.59 118 .29 144 .82 65.81 7 0.83 29.49 12.49 4 0 .9 8 3 0.33 4 3.83 2 4.76 2 6.44 4 5 .1 9 3 5.19 6 0.02 2 9.96 2 3.82 1 6.65 23.91 108.01 3 7.63 2 1.97 2 1.79 13.23 2 6.79 7 6.05 6 5.08 108 .96 3 4.13 8 4.59 6 5.27 70.03 130 .92 6 4.55 6 9.75 2 5.67 18.06 4 2 .1 3 3 2.75 4 1.36 3 2.23 2 3.70 15.48 23.83 110 .50 4 2.30 2 5.80 2 4.88 17.11 3 7.54 4 0.90 6 0.23 7 9.04 2 9.03 8 7.47 6 0.98 6 7.43 129 .50 6 0.40 6 4.30 35.45 16.74 4 3.4 5 3 4.47 36.51 3 1.17 2 8.74 1 8.79 2 8.90 122 .32 3 9.03 2 4.73 3 4.76 2 2.25 4 9.22 8 5.13 5 6.82 6 8.27 2 9.74 7 3.77 7 0.29 5 7.32 173 .64 6 1.75 6 5.50 3 9.12 1 9.13 4 6 .8 6 3 9.68 4 9.40 3 4.35 3 0.13 1 7.69 3 0.3 7 131.01 4 2.1 3 2 6.28 4 1.70 26.81 6 1.52 9 0.78 5 6.75 66.31 3 3 .1 7 7 3.03 6 5.59 5 7.85 187 .22 5 7.76 6 0.80 4 2.2 6 2 6.6 6 4 7 .4 4 42.15 48.16 3 6.96 3 4.12 16.80 3 4.52 130 .13 4 5.46 3 3.59 4 3.80 3 1.60 5 5.17 104 .45 5 2.12 5 3.49 2 9.22 6 8.09 6 5.27 4 7.77 180 .80 58.72 6 1.57 4 5.77 2 3.56 4 9 .3 7 4 4.19 4 8.47 3 8.13 3 8.07 2 3.44 3 8.35 132.41 5 0.16 4 2 .3 7 4 0.52 2 9.48 5 9.39 5 9.75 5 2.09 5 2.33 3 0.75 67.31 5 8.42 9 0.10 1 98 .26 6 1.54 64.51 4 8.22 2 5.36 4 9 .6 8 4 4.60 4 8.32 38.21 3 5.47 3 2.94 35.41 125 .98 4 9.08 4 3.53 5 0.09 3 6.90 5 9.04 1 29 .66 5 3.72 5 7.46 3 3.85 5 5.0 2 5 0.39 5 8.39 4 1.36 3 7.38 3 4.08 3 7.33 122 .32 6 3 .6 3 2 2.09 75.71 56.96 122.03 2 5.74 6 8.82 6 0.40 6 4.03 136.71 71.31 76.94 2 9.80 16.34 4 5 .3 4 3 5.36 5 6.34 3 0.23 2 8.70 1 3.59 2 9.08 104 .30 4 1.89 1 5.00 2 1.27 12.27 2 5.79 8 1.32 63.52 115 .82 35.68 7 4.34 5 5.73 1 23 .67 200.41 5 7.44 5 9.73 5 0.58 2 7.83 53.41 61.41 36 57 52 37 3 18 .83 5 9.09 6 2.94 39.01 7 0.24 6 9.20 7 8.69...... 1 97 .87 6 1.65 6 4.42 5 0.89 2 9.86 3 5.2 3 3 5.88 3 9.22 4 0.67 181 .28 3 9.67 1 7.03 3.11 3 8 .1 5 3 9.63 4 3.33 4 5.13 161.63 4 4.30 16.64 3.38 0.93 3.72 3 3.44 9 6.32 4 4 .1 8 46.78 50.87 53.27 122 .69 5 2.77 16.25 5 .52 1.46 6.09 3 5.90 107.78 3 7.8 2 3 7.06 3 9.55 4 0.46 120.08 3 9.90 2 3.39 8.81 1.91 9.78 3 9.85 154 .48 3 8.0 4 3 7.57 4 0.17 37.71 112 .08 3 7.18 6 2.18 8.46 2.26 9.34 3 8.68 212 .64 4 7 .7 9 48.87 52.48 4 9.19 124 .39 4 8.65 8 2.06 9 .55 2.62 10.53 4 3.66 2 25 .95 4 4 .3 8 4 3.43 4 6.5 0 4 3.62 107.75 4 3.17 7 2.26 9.36 2 .4 4 1 0.34 4 6 .5 6 219 .52 4 4.51 43.11 4 6.16 4 1.59 115 .40 4 1.07 9 1.20 9.28 1.77 10.34 4 7.52 296 .68 4 8 .8 0 4 9.62 5 2.99 45.01 105 .69 4 4.58 135 .80 11.77 2.71 1 3.04 4 3.65 4 86 .35 5 4 .5 7 5 6.96 6 0.65 4 9.57 112 .95 4 9.12 1 77 .57 1 5.07 3.06 1 6.76 4 5.25 4 19 .07 5 7.71 6 0.94 6 4.42 5 2.52 121 .67 52.03 1 90 .03 2 0.63 4 .88 2 2.85 45.21 5 16 .20 20 T ru c k s , b u s e s , a n d tr u c k tra ile rs 1954 1 8.6 0 1 E q u ip m e n t a n d s o ft w a r e N o n r e s id e n tia l e q u ip m e n t a n d s o ft w a r e In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ftw a r e C o m p u te rs a n d p e rip h e ra l e q u ip m e n t S o ftw a re 1 C o m m u n ic a tio n e q u ip m e n t In s tru m e n ts P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t In d u s tr ia l e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu rb in e s S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o r k in g m a c h in e ry S p e c ia l in d u s tr y m a c h in e ry , n .e .c . G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a nd in d u s tria l a p p a ra tu s 1953 21 66 67 68 69 70 71 72 73 74 75 76 77 78 79 1 0.1 1 1.01 3.41 3 3.23 8 7.56 11.01 2 6.87 97.83 37.74 15.79 18.47 10.21 6 8 .0 0 6 1.74 141 .19 6 8.24 7 3.69 2 7.86 1 2 .2 0 4 0.3 9 4 1.00 44.01 4 5.96 131.96 4 5.35 15.49 8 .2 0 2.21 9 .05 38.22 138 .22 8 .0 0 1 2 0 .6 6 6 4.46 30.85 2 0 .8 6 2 0 .0 0 3 3.40 1 08 .57 8 5.92 2 8.6 7 2 1.57 3 6.13 2 1.03 3 9.62 3 6.50 5 0.66 5 9.26 31.71 1 1 2 .6 6 1 0 .1 0 4 8.74 8 .1 9 1 8.04 1 0 .6 8 19.81 6 6 .0 1 4 2.09 3 2.17 19.52 3 2.39 4 9.98 109 62 1 51 .10 29 68 2 9.43 7 7.77 113 .93 80.31 5 6.18 164 .86 4 5.06 1 6.73 9 4.67 12.63 23.37 8 1.70 4 2.89 5 0.40 1 43 .36 5 5.93 6 9.12 4 51 .17 65.13 71 87 42.34 78.28 78.66 5 7.85 199 .70 6 1.16 6387 50.81 55.81 5 8.67 6 1.49 5 2.34 9 9.99 5 2.00 5.34 2 7.77 558.91 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 66 T a b le 2 . 8 . C h a in -T y p e Q u a n t ity in d e x e s to r In v e s tm e n t in P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c t u r e s ; b y T y p e — C o n tin u e d [In d e x n u m b e rs , 1 9 96 = 1 0 0 ] L in e P riv a te fix e d a s s e ts E q u ip m e n t a n d s o f tw a re N o n r e s id e n t ia l e q u ip m e n t an d s o ftw a re In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re C o m p u te r s a n d p e r ip h e ra l e q u ip m e n t S o ftw a re 1 C o m m u n ic a tio n e q u ip m e n t In s tru m e n ts P h o to c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n tin g e q u ip m e n t In d u s tr ia l e q u ip m e n t F a b ric a te d m e ta l p ro d u c ts E n g in e s a n d tu rb in e s S te a m e n g in e s In te rn a l c o m b u s tio n e n g in e s M e ta lw o r k in g m a c h in e ry S p e c ia l in d u s t r y m a c h in e ry , n .e .c . G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a nd in d u s tria l a p p a ra tu s T r a n s p o r ta tio n e q u ip m e n t T ru c k s , b u s e s , a n d tr u c k tr a ile r s A u to s A ir c r a ft S h ip s a n d b o a ts R a ilro a d e q u ip m e n t O th e r e q u ip m e n t F u rn itu re a n d fix tu re s H o u s e h o ld fu r n it u re O th e r f u r n it u re T ra c to rs F a rm tr a c to r s C o n s tr u c tio n tr a c to r s A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s M in in g a n d o ilf ie ld m a c h in e ry S e rv ic e in d u s tr y m a c h in e ry E le c tric a l e q u ip m e n t, n .e .c . H o u s e h o ld a p p lia n c e s O th e r O th e r n o n re s id e n tia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tru c tu re s N o n r e s id e n t ia l s tru c tu re s N o n re s id e n tia l b u ild in g s , e x c lu d in g fa rm In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa r m b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo r a tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa r m s t r u c t u r e s 5 R e s id e n t ia l s tru c tu re s H o u s in g u n its P e rm a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p r o v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n "F o o tn o te s to th e T a b le s .” 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1 3 3 .1 7 3 2.61 3 5.1 8 3 7.36 3 6.3 5 3 9 .2 5 4 4.2 3 48.31 4 5 .3 2 40.61 4 4.4 3 5 1. iS 56.91 2 1 8.4 9 1 8 .4 3 1 9.9 4 2 1.69 2 1.3 6 2 1 .6 8 2 4.8 7 2 9.5 5 3 0.5 8 2 7 .6 9 2 9.3 3 3 4.1 3 3 9.1 4 3 4 5 1 8.45 2.94 0.04 1.49 14.31 13.62 16.19 3 0.39 5 6.20 4 4.88 92.85 110 .74 6 1.40 7 2.38 5 5.19 1 9.9 4 3.15 0.05 1.67 15.06 13.82 1 7.79 2 9.03 54.71 5 1.57 108 .70 135.51 62.59 64.76 54.91 2 1 .6 6 3 .8 4 0 .07 2 .24 17.75 15.48 20.34 34.59 5 8.09 6 2.50 121 .95 153 .07 68.50 64.05 56.95 2 1.2 9 4.31 0.08 2.89 19.63 16.88 2 3.67 2 9.53 5 9.04 7 2.62 128.68 168.84 6 0.16 6 1.58 5 7.19 2 1 .5 7 4.58 3.17 18.85 1 7.69 2 7.97 2 7.19 5 3.76 7 1.66 1 36 .62 1 83 .50 5 6.67 4 8.98 5 2.65 2 4.7 0 5.25 0.17 4 .00 1 8.08 2 0.16 3 4.79 2 8.58 5 7.79 7 5.49 153 .55 2 05 .77 64.47 53.24 5 6.84 2 9.3 9 6 .1 9 0 .18 4 .50 2 1.80 2 3.22 4 2.38 3 9.53 68.51 9 0.22 152 .55 196 .17 7 8.49 6 8.57 6 3.83 3 0.4 2 7.04 0.24 5.13 2 2.38 2 6.76 4 7.87 5 0.35 7 3.88 9 8.87 158.51 2 02 .55 8 3.76 7 6.40 62.21 2 7 .5 3 7.00 0.24 5.92 2 1.17 2 5.27 52.11 4 3.44 6 2.88 97.11 129 .45 164.51 6 9.88 6 4.06 5 0.96 2 9.1 6 7.94 0 .36 6.31 2 2.93 2 8.05 5 5.50 5 1.15 63.12 105 .26 1 15 .09 1 37 .66 7 6.38 6 4.50 4 9.59 3 3.97 9 .58 0 .53 6 .46 3 0.48 3 4.10 5 4.68 5 1.78 6 8.08 102.06 104.17 114.52 8 6.55 6 7.96 50.31 3 8.98 11.83 0.77 7.67 36.27 38.08 62.66 77.75 7 5.35 13 14 15 16 17 1 8.5 2 2.73 0.03 1.28 1 3.76 11.28 1 9.59 31.41 56.01 4 6.35 6 8.98 7 1.43 6 2.08 5 9.35 6 1.37 18 5 3.63 48.45 4 6.38 5 1.63 5 1.45 48.16 5 0.23 60.41 6 7.77 5 7.00 5 7.43 6 7.64 78.61 5 1.03 5 2.14 3 8.25 5 6.18 6 3.83 2 80 .95 103 .54 6 6.58 3 5.90 1 02 .83 3 2.33 127 .08 1 21 .38 1 45 .49 142 .18 71.46 320.51 50.22 3 4.96 159 .75 2 8.56 4 2.24 6 3.36 4 8.53 79.21 8 2.86 2 84 .17 114.81 75.39 44.25 105 .77 40.97 144.68 127.95 203 .42 142 .62 9 1.47 337 .20 53.71 4 0.49 156 .28 3 4.72 4 7.93 6 3.54 7 5.06 5 5.43 89.50 95.75 2 72 .14 142 .67 84.13 49.29 115 .96 4 5.74 155.01 135 .54 223 .45 152 .16 114.25 309 .69 60.81 4 9.95 169.45 4 4.15 5 4.46 6 7 8 9 10 11 12 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 5 0.32 34.17 2 3.08 2 6.42 69.23 114 .79 132 .42 49.84 3 3.19 4 1.40 3 3.22 99.11 8 9.62 1 34 .02 8 7.20 61.21 171 .66 5 1.75 1 7.95 9 5.04 13.97 2 5.94 2 2.08 9 2.83 122 .36 141 .72 4 6.60 3 2.99 4 5.86 3 2.73 8 5.46 84.61 8 4.10 9 2.52 5 8.68 123.71 48.71 16.08 8 9.07 12.26 2 2.76 4 5.25 4 4.19 2 4.45 4 1.78 132 .13 157.63 117 .72 4 7.77 3 2.17 6 2.00 3 0.85 8 6.24 8 5.76 8 3.29 9 1.18 6 1.32 127 .66 51.83 16.09 98.56 11.70 2 4.98 47.16 33.71 2 0 .6 6 4 7.08 4 5.75 2 9 '1 6 40.01 9 9.19 172 .20 155 .97 50.71 35.51 7 8.34 33.44 78.95 70.31 110 .39 9 9.87 6 4.36 134.44 5 5.06 1 7.27 106.41 12.52 2 8.27 4 8.13 3 5.16 24.71 81.99 171 .42 119 .57 52.76 3 4.35 9 8.23 3 0.98 8 2.56 7 8.66 9 3.78 115.51 6 2.62 176.71 5 4.88 1 8.55 104 .07 14.04 29.01 2 0 .1 1 0.11 43.83 3 9.90 2 7 '8 8 4 2.07 4 8.35 160 .84 1 25 .84 5 2.39 3 1.94 1 1 3 .73 2 7.47 75.71 7 0.34 9 3.49 110 .45 6137 1 96 .00 5 5.92 19.56 1 1 0 .1 1 14.78 3209 4 7.74 4 9.74 36.02 4 7.57 7 9.13 208 .65 115 .47 5 9.46 40.41 131 .55 3 5.48 101 .98 9 5.94 121 .04 1 21 .80 72.90 159.53 56.71 25.36 135 .40 19.56 3 3.53 5 7.33 6 0.24 4 2.89 5 3.76 111 .13 2 88 .54 126 .68 70.31 4 3.40 136.31 38.41 135 .80 126 .18 167 .69 153 .93 8 6.07 195.08 6 0.33 2 8.29 158.68 2 1.40 4 0.70 6 3.37 5 5.15 4 2.05 4 5.62 8199 237.71 148 .37 7 1.06 3 8.86 1 17 .60 3 4.63 1 31 .16 1 15 .87 185 .94 149 .65 9 2.67 259.41 5 8.16 3 2.00 146 .15 2 6.13 4 3.43 5 1.58 4 7.20 3 0.85 4 2.0 5 7 7.90 2 9 9.1 4 1 34 .37 6 5.69 3 2.96 8 3.38 3 0.27 130 .93 1 20 .72 1 66 .28 1 56 .08 7 3.29 3 17 .80 4 6.10 3 2.08 124 .96 2 7.44 3 8.13 6 6 .1 2 1 0 0 .0 2 97.83 98.75 9 6.89 7 8.72 6 2.35 41 1 7 .4 8 1 7.8 8 2 1 .9 9 2 5.6 7 2 8.39 3 2.41 39.61 4 4.7 5 4 5.7 4 4 2 .4 4 4 4.7 6 4 9.1 7 5 3.63 42 5 7.7 9 5 6.1 9 6 0.4 4 6 2.9 3 6 0.60 6 8 .6 8 7 6.4 3 78.41 6 7.8 0 6 0.1 8 6 7 .8 4 7 7.4 2 8 3.83 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 6 6.91 64.71 102.19 4 1.83 48.64 36.04 48.80 131.74 6 5.40 55.01 6 6.75 3116 4 4.52 4 73 .97 7 0.24 8 6.60 4 4.26 7 8.33 9 3.34 6 5.02 205 .80 5 8.18 6 0.57 50.51 4 0.30 6 5.46 5 9.86 9 0.32 4 0.76 4 7.44 7 0.0 6 6 3.82 9 1.40 5 2.19 5 6.67 2 6.75 5 7.17 9 8.15 6 1.60 72.01 4 3 .0 3 3 3.28 3 9.36 144.66 8 7.69 93.81 53.91 114 .83 9 5.70 9 5.80 2 01 .04 5 8.69 5 9.70 6 6.55 5 2.94 6 9.5 3 62.01 6 8.50 61 20 7 2.67 5 5.15 6 1.20 1 9.90 6 1.92 7 0.62 4 9.66 8 8.08 3 8.52 3 4.30 37.01 8 2.40 9 1.54 7 9.34 5 5.13 5 5.10 7 3.28 6 2.30 7 6.0 3 67.51 78.41 6 5.27 6 8.16 2 0.56 6 8.99 6 1.09 41.52 8 7.39 5 1.52 5 5.09 4 3.7 8 5 2.63 104.19 9 3.95 7 8.04 143.16 8 2.13 100.05 2 22 .63 5 8.30 5 7.29 8 7.87 5 1.86 7 3.6 2 6 4.69 89.43 61.08 64.10 3 0.73 6 4.69 6 2.32 2 8.04 8 1.84 3 7.05 3 6.24 3 7.65 4 1.84 9 3.84 95.01 7 2.74 115 .39 7 1.50 2 21 .59 2 58 .00 6 9.39 6 7.04 116 .68 4 9.30 6 6 .9 7 5 3.49 8 5.96 4 6.86 4 6.75 30.51 4 7.05 5 3.74 2 2.58 76.51 2 5.68 2 1.72 3 2.25 3 3.25 9 1.53 81.11 6 1.94 117 .19 5 1.45 4 77 .68 270.31 81.14 78.56 134 .48 4 8.36 67.41 5 1.85 7 9.42 4 4.36 4 6.30 3 7.59 4 6.48 5 7.37 2 4.00 7 9.37 2 5.23 17.66 3 8.47 36.81 95.24 102.05 6 1.48 112 .26 4 7.03 660 .53 2 78 .04 8 7.56 8 2.97 169.25 4 9.36 7 8.19 6 1.90 9 4.30 54.82 61.70 49.76 61.95 67.84 123.60 7 4.52 153.52 198 .04 50.90 49.98 7 7.18 6 1.07 7 0.4 5 62.61 6 3.36 6 1.35 6 3.53 17.91 6 4.32 6 8.28 4 8.46 9 2.48 4 7.02 5 0.53 3 8.98 49.88 98.30 89.77 69.84 136 .24 8 2.47 9660 170.29 5 4.64 54.01 7 9.16 54.42 7 0.1 9 3 6.70 4 7.56 118 .60 6 7.30 4 9.90 5 8.90 2 8.62 3 8.87 410.01 7 9.18 8 2.94 4 2.93 105.94 88.63 142 .77 228 .90 55.93 58.09 5 0.13 3 6.32 66.41 59.12 8 6.87 46.01 5 1.03 3 2.28 51.31 114 .68 7 0.18 5 6.30 39.72 28.51 3 3.06 166 .60 87.32 92.22 43.61 112 .60 113 .29 157 .90 204.71 5 6.25 57.63 59.32 43.71 5 0.6 7 51.52 53.43 4 6.00 100.58 45.61 130 .04 2 7.88 5.84 3 0.98 4 5.25 5 16 .89 4 8 .9 8 4 9.37 5 0.76 4 4.70 9 7.43 4 4.32 112.26 3 1.72 6.17 3 5.32 4 5.73 4 05 .06 5 5.5 8 58.77 5 9.82 5 0.00 107 .07 4 9.60 162 .54 4 4.99 9.51 49.99 44.66 331.81 5 7.21 6 1.34 6 1.63 4 8.43 9 0.25 4113 202.41 5 6.85 11.06 6 3.29 4 4.05 2 59 .48 5 3.5 7 56.11 56.19 4 2.98 8 3.24 4 2.70 197 .86 5 4.32 11.79 60.31 4 5.55 169 .70 6 8 .4 6 7 5.74 7 5.79 5 9.13 9 2.70 5 8.89 2 53 .78 7 3.96 1 6.17 8 2.10 47.71 115 .04 8 0.60 92.01 9 1.73 70.51 117 .26 7 0.18 3 19 .19 94.37 24.24 104 .24 4 8.74 6 9.12 7 9.81 92.35 9 1.69 6 9.84 108 .20 6 9.56 3 26 .26 100 .09 3 0.89 109 .83 4 4.76 7 9.45 6 2.9 3 6 8.08 6 7.90 5 4.44 161.52 5 3.68 2 10 .70 6 9.35 3 9.74 7 3.52 4 8.38 6 1.77 5 4 .5 8 5 4.26 5 4.67 5 1.62 108.61 5 1.22 8 0.93 4 7.23 2 7.17 5 0.06 5 4.69 102 .87 6 7.9 5 7 0.63 715 1 6 9.86 110 .79 6 9.57 7 9.16 56.73 2 7.39 6 0.86 6 0.13 5 6.72 66 67 68 69 70 71 72 73 74 75 76 77 78 79 8 8 .1 2 4 9.95 55.51 23.01 56.07 8 7.33 4 9.52 8 2.25 4 0.79 3 4.23 3 8.60 108 .03 9 0.92 7 8.27 65.41 120 .33 84.31 111.19 2 1 0 .1 1 66 .0 1 5185 8 1.58 4 6.44 5 1.68 27.71 5 2.12 59.16 2 3.23 7 4.25 2 5.03 1 7.47 4 0.4 3 27.61 9 4.42 109 .52 65.41 129.85 5 1.20 2 51 .38 290 .70 9 8.98 9 3.42 196 .68 5 6.57 25.10 7 1.05 3 0.22 2 1.93 4 4.55 43.54 9 7.73 130.33 7 6.49 129.17 5 8.24 102.25 312.04 113.03 109.97 172.07 64.66 8 2.8 2 9 0 .1 0 9 1 .5 3 8 9.03 120 .76 88.81 105.81 6 7.73 3 2.7 2 7 2.6 6 6 2.59 2 4.75 8 7.99 94.60 96.19 92.81 114.42 9 2.66 119.71 69.91 2 6.56 76.01 6 9.55 3 7.93 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 67 T a b le 2 . 8 . C h a in -T y p e Q u a n t ity In d e x e s fo r In v e s tm e n t in P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [In d e x n u m b e rs , 1 9 96 = 1 0 0 ] L in e P riv a te fix e d a s s e ts E q u ip m e n t a n d s o ftw a r e N o n r e s id e n tia l e q u ip m e n t a n d s o ftw a r e 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1 60.11 5 6 .0 8 5 7.07 5 2 .6 7 5 6.7 9 6 6.38 7 0.5 0 7 1 .3 7 7 1.01 7 2 .9 9 7 5 .1 4 7 3.9 6 4 2 .6 9 6 9.2 2 2 4 0 .9 7 4 2.4 7 3 9.71 4 1.8 3 4 9 .4 4 5 2 .7 4 5 4.0 5 5 3.61 5 7 .6 6 3 4 5 6 1.3 3 6 1.4 9 4 0.7 8 16.95 1.97 6 1 .9 5 3 9 .5 4 23.74 60.95 5 6.22 8 2.83 142.98 7 6.60 8 0.43 8 9.73 9 8.06 7 5.79 7 0.86 7 2.72 5 3 .7 7 36.21 1 3.30 2 6.12 6 2.47 5 7.3 9 8 2.75 157 .38 7 6.40 7 5.05 8 2.3 8 8 3.94 7 8.86 7 0 .2 3 7 3 .5 7 5 3.2 8 37.04 15.03 2 9.38 6 0.74 6 0.26 8 3.02 9 1.59 7 4.00 6 7.76 8 3.93 9 4.96 6 6.15 6 4.14 7 7.33 5 7 .3 5 4 1.10 1 7.22 3 4.0 2 6 7.54 6 3.10 8 9.00 7 9.12 7 7 .6 7 7 0.84 5 8.57 5 4.52 6 1.44 4 9 .2 3 3 0.48 9 .4 0 20.42 57.10 5 4.12 8 7.47 144 .72 73.31 81.71 85.45 9 2.66 73.31 6 5.98 68.46 9 0.29 8 3.5 7 6 8.56 8 1.55 6 1.0 6 4 6.04 2 0.57 42.11 6 6.96 7 1.09 9 3.79 8 3.60 8 3.49 7 5.92 102 .18 112 .38 8 5.03 7 8.30 8 9.60 6 1.2 6 3.74 1 4.50 5 1.44 4 8.03 7 3.37 8 1.59 6 9.25 9 1.40 7 9.50 87.81 6 5.77 67.47 61.41 4 1.61 24.31 5.74 16.73 5 1.57 49.01 7 0.92 128 .89 63.91 8 5.75 7 5.66 5 2.51 3 3.82 4 8.39 4 1.69 6 4.30 102 .64 7 7.25 102.58 83.21 8 0.75 8 8.18 85.59 6 3.07 42.31 19.49 3.01 12.73 50.46 44.91 70.62 107 .00 76.02 102 .07 9 1.15 9 2.88 88.57 8 2.15 6 1.34 4 7.50 1 9.83 48.21 6 7.3 8 7 7.12 8 9.87 6 7.84 78.61 7 5 .6 9 9 0.88 9 6.86 80.81 7 2.23 81.51 6 1 .7 6 4 9.44 2 1.34 5 4.08 6 3.68 7 9.79 9 2.55 6 2.80 7 3.59 7 5.90 104 .44 115 .92 8 4.74 6 7.70 7 3.80 F a b r ic a te d m e ta l p r o d u c t s 12 E n g in e s a n d t u r b in e s S p e c ia l i n d u s t r y m a c h in e r y , n .e .c . 13 14 15 16 17 4 2.51 14.42 1.24 9 .56 4 3.17 3 9.49 6 2.73 9 5.68 8 0.75 111 .28 9 7.03 102.67 8 7.92 85.81 6 3.78 G e n e r a l in d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 8 4.93 7 8.69 76.21 7 1.07 6 2.96 E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 7 6.68 8 1.97 8 7.78 7 9.09 8 2.75 8 2.76 8 0.15 7 2.66 19 6 8.07 77.55 55.90 72.29 128.01 308 .15 192.87 8 7.13 5 3.12 112.45 4 9.94 156 .26 147 .78 186 .64 160.22 108.39 2 97 .97 6 7.37 5 8.00 3 6.93 6 2.89 110 .05 3 54 .26 9 7.53 7 9.62 57.82 103 .79 55.35 116.06 109.09 141 .27 119 .70 7 7.40 464 .83 6 3.16 4 9.52 133.61 4 5.45 58.55 6 3.27 4 8.37 34.02 5 3.87 9 1.90 5 8.76 6 7.90 6 1.62 9 3.49 5 9.93 7 4.77 7 7.76 64.21 8 2.72 5 4.29 3 12 .73 6 2.36 49.93 ....... 98.73 ....... 4 7 .5 7 61.69 6 4.27 5 5.48 39.45 83.48 9 3.56 131.52 3 9.17 6 4.62 8 0.1 7 6 4.44 5 2.49 7 1.73 1 23 .98 9 5.3 9 5 4.27 7 8.64 8 4.76 1 11 .04 8 3.3 8 8 3.30 8 3.14 8 4.20 74.04 6 9.94 7 1.13 9 1.52 6 8.58 1 15 .28 6 6.32 7 5.30 1 0 1 .8 8 6 1.58 6 0.92 7 8.08 5 9.87 51.95 61.61 116 .07 66.85 34.91 75.71 8 7.58 118 .00 8 5.98 8 0.73 75.01 102 .95 5 7.72 7 0.60 5 9.66 8 8.58 6 6.14 118 .98 6 3.58 6 9.33 8 0.7 7 5 8.53 4 4.1 8 6 3.99 126 .30 8 0.69 7 6.66 8 5.56 78.17 7 8.66 7 5.59 9 0.76 5 8.17 8 3.17 132 .49 81.11 6 4.37 123 .46 6 1.52 6 3.23 7 3.55 6 6.3 2 5 2.2 5 9 0.73 1 09 .58 9 2.54 4 5.0 3 7 3.3 0 8 2.16 1 17 .60 8 0.28 7 2.3 7 6 7.4 7 9 1.4 0 5 6.37 7 9.2 4 6 7.0 9 8 1.2 7 6 4.53 117 .82 6 1.96 66.85 8 3.98 5 5.30 4 8.88 4 8.95 9 5.35 7 9.86 76.11 8 7.35 94.01 101 .23 6 4.12 7 5.58 7 7.10 7 0.42 6 7.20 5 4.88 1 78 .19 6 3.38 5 3.00 104 .14 5 0.52 5 8.44 77.71 62.28 52.10 7 8.77 8 3.70 1 17 .76 5 8.17 73.92 76.44 109 .16 74.70 9 1.44 90.01 9 7.43 6 8.09 7 4.67 153 .43 7 5.87 6 3.9 0 7 7.84 6 6.32 5 9.36 7 7.82 8 8.73 8 4.00 5 1.30 7 4.57 79.83 4 9.87 165.25 4 4.29 6 2.00 6 5.59 61.25 3 9.58 48.14 132 .87 3 03 .18 168 .10 77.45 56.13 104 .38 5 3.53 115 .90 114 .37 121.67 125 .83 86.79 300 .72 64.63 4 6.72 158.48 41.31 5 8.58 41 5 8 .6 6 9 0.86 8 8.08 9 6.69 9 2.13 114 .29 101 .52 8 3.72 7 5.4 4 8 3.85 8 1.22 9 4.80 8 0.56 7 6.18 75.54 7 1.45 4 1.43 1 34 .17 134 .12 8 0.40 6 9.87 7 4.74 7 7.98 7 9.34 77.91 8 3.66 8 5.10 77.91 8 0.86 5 5.92 6 0.04 7 5.99 83.91 8 1.28 8 4.03 73.94 5 8.33 5 7.9 4 5 5 .5 6 6 2 .2 3 6 8.9 7 7 3.9 0 7 9 .8 5 8 3 .4 6 8 6.0 3 42 8 5 .9 3 8 2.91 8 6.09 7 9.21 7 8 .2 9 7 8.3 3 7 1.4 2 7 8.6 6 9 1.05 96.31 9 6.46 9 6 .2 4 9 4.9 7 9 4 .7 5 9 1.60 7 9.1 8 9 4.15 7 7.08 99.60 92.08 72.35 79.92 72.29 7 7.09 3 6.67 7 2.98 47.61 4 5.54 4 3.65 82.31 98.41 117.57 8 4.89 115.25 7 4.74 133.34 252 .74 169 .15 168.73 187.69 68.49 1 0 1.3 6 8 4.17 113.47 111 .48 6 8.82 8 9.45 8 2.10 81.34 123 .82 5 9.64 8 8.03 5 9.24 7 6.32 4 1.15 117 .22 6 3.13 6 2.83 3 7.42 172.89 7 7.48 9 3.24 8 2.43 8 6.97 4 3.80 6 1.34 132 .97 150.29 151.41 135 .29 8 1.12 1 0 4.3 6 9 6.78 8 5.52 149.11 8301 110 .46 82.63 1 1 4.8 9 110 .47 9 7.36 176 .49 101 .47 130 .44 101 .07 97.08 4 8.32 9 7.67 8 3.37 8 2.74 5 0.59 225 .54 106 .80 1 0 1 .5 4 1 02 .76 8 2.95 1 55 .66 9 9.18 1 24 .59 9 8.83 1 05 .17 5 6.33 9 2.99 8 3.14 8 2.52 5 1.55 2 20 .29 1 03 .44 8 7.98 100 .53 139 .15 56.88 3 8.39 7 8.16 8 8.89 89 22 8 4.24 122 .43 1 0 0 .3 9 100 .96 8 0.80 138 .74 9 8.81 1 03 .74 87.31 1 41 .03 1 02 .87 127.61 1 02 .52 1 11 .30 6 1.24 1 0 0 .4 4 106 .74 106 .92 1 37 .22 102 .98 129 .87 102.61 116.41 6 7.02 108.01 8 0.26 7 9.52 7 3.85 113 .50 8 4.77 7 3.86 9 6.99 9 0.36 6 7.46 4 0.12 83.06 81.21 82.16 6 9.84 1 22 .40 1 0 4.1 0 107 .86 68.38 74.62 36.20 82.13 52.18 5 3.54 3 9.84 9 1.60 9 7.28 112 .57 8 7.94 109.68 79.15 109 .79 209 .48 196 .69 194.91 240 .76 6 8.47 9 9.6 5 88 U 9 1 10 .89 139 .20 5 7.36 9 1.80 5 6.87 6 7.40 3 8.63 1 07 .14 5 3.92 5 1.36 36.71 1 48 .16 89.31 101 .27 89.39 99.31 67.47 5 1.67 157 .08 1 81 .82 181.92 187 .08 7 0.38 9 0.4 9 8 8.18 1 10 .77 9 9.32 7 0.85 1 04 .05 7 0.40 98.21 7 3.87 1 06 .68 6 0.65 58.39 58.33 51.64 17.78 51.88 127.23 5 9.72 29.32 64.00 6 7.04 5 4.77 4 9 .4 7 4 6.38 4 5.78 3 9.78 4.82 4 0.09 108 .66 5 6.37 2 9.06 60.21 58.03 68.56 I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t S o ftw a re 1 6 C o m m u n ic a t io n e q u ip m e n t 7 In s tru m e n ts 8 P h o t o c o p y a n d re la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u ip m e n t 10 I n d u s t r ia l e q u i p m e n t S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y T r a n s p o r t a t io n e q u ip m e n t 11 20 T r u c k s , b u s e s , a n d t r u c k t r a ile r s 21 A u to s 22 A ir c r a f t 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 S h ip s a n d b o a t s R a ilr o a d e q u i p m e n t O t h e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O th e r f u r n it u r e T r a c to r s F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O t h e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u ip m e n t S tr u c tu r e s N o n r e s id e n tia l s tru c tu r e s 40 P e t r o le u m a n d n a t u r a l g a s 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 O t h e r m in in g 66 N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a t io n a l b u ild in g s H o s p it a l a n d i n s t it u t io n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic lig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f ts , a n d w e lls O th e r n o n fa rm s t r u c t u r e s 5 R e s id e n tia l s tru c tu r e s H o u s in g u n its P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S e e th e s e c t io n " F o o t n o t e s to t h e T a b le s ." 67 68 69 70 71 72 73 74 75 76 77 78 79 6 6 .6 6 8 7.96 7 5.1 5 ..... 117.02 7 2.15 7 3.14 7 1.25 7 3.23 78.21 2 8.03 6 9.39 4 0.35 3 6.60 4 2.56 6 4.14 98.16 128.36 8 3.86 118.25 6 7.59 105.41 312 .47 120.35 118.53 158.75 7601 8 4.52 8931 9 0.53 84.64 5 9.99 84.82 144.11 7 0.19 2 5.75 7 6.45 7 1.33 2 1.50 11.11 6 6.13 ......6 4.03 644 1 5 7.76 2 8.33 5 7.97 131.77 5 8.24 3 1.68 6 1.98 72.31 29.01 1 0 0 .6 6 2 0 .8 6 2 2 1 .1 2 8 6 .1 2 6 6 .0 0 1 1 2 .0 2 8 8.0 1 1 1 .6 6 1 1 1 .2 2 4 2.05 110.45 7 7.83 7 7.98 4 5.28 2 12 .09 9 0.18 107 .15 9 0.24 110.77 4 7.97 3 5.29 127 .14 170.91 172.72 145.56 106 .98 9 1.65 144.55 5 9.06 3 5.42 8 5.34 152.20 153 .32 136 .64 151 .26 7 0.6 2 8 1 .1 2 85.50 ..... 7 4.05 7 4 .1 3 ...... 8 6 .2 0 6 6.92 7 6.97 4 2.90 ... 4 4.45 6 7.09 7 7.20 148 .09 181 .27 7 2.73 7 3.73 2 4.09 4 9.34 7 9.57 7 7.16 6 1.26 6 9.15 8 4.79 1 01 .0 1 8 2 .3 9 85.52 86.41 7 6.93 4 5.23 7 7.16 184 .20 7 0.38 4 6.14 7 3.79 7 3.88 9 0.26 1 2 2 .2 2 9 2.71 9 4 25 9 6.19 8 7.25 3 3.53 8 7.63 188 .10 6 0.57 4 3.45 6 2.98 8 8.57 1 0 0 .2 0 1 0 1 .2 1 126 .86 1 0 0 .8 6 108 .56 7 9.05 9 7.50 82.61 8 0.76 6 0.20 192 .34 101 .72 7 3.38 101 .85 138 .39 5 4.29 4 8.05 9 1.83 8 8 .1 1 1 1 0 .1 2 8 4.24 7 2.84 7 4.06 2 27 .16 8 5.20 6 8 .1 1 89.01 6 1.19 136 .44 1 04 .90 9 0.98 5 8.92 46.31 8 1.32 8 9.06 9 1.22 6 3.17 107.91 9 3.1 8 9 5.22 9 7.28 9 2.07 6 2.17 9 2.29 150 .06 5 9.42 4 9.09 6 0.87 8 7.35 143.81 9 2 .1 4 9 2.3 9 9 4.75 9 1.66 100 .13 9 1.60 125 .67 50.72 3 .22 5 7.40 9 1.40 132 .66 8 6 .8 6 9 3.60 9 3.53 8 5.66 1 23 .79 9 4.30 8 3.29 8 3.12 9 3.16 76.24 109 .74 7 4.60 7 8.92 9 0.5 5 8 9.27 9 1.37 8 8 .1 2 6 4.85 8 8.29 123 .98 5 2.34 4 6.43 5 3.17 9 4.08 137.53 8 8 .2 1 1 2 0 .6 8 126 .18 9 9.19 1 29 .87 9 8.77 107 .74 7 2.90 1 15 .18 8 7.64 6 6 .2 0 9 2 .8 8 6 6.33 1 30 .28 9 1.79 7 0.00 9 6.3 7 1 07 .80 7 2.28 4 6.94 8 9.14 9 2.4 7 9 3.68 7 7.95 141 .74 6 3.34 60.41 1 15 .47 9 0.68 6 3.54 87.41 106 .17 8 1.88 8 4.19 86.37 9 5.22 9 5.80 8 8.39 1 37 .75 8 2 .3 2 8 0.50 82.31 8 0.04 141 .85 7 9.60 104 .70 48.91 4 5.59 4 9.37 8 7.14 154 .56 7 0 .7 9 71.31 7 2.95 7 2.25 8 1.77 7 2.18 7 8.90 4 2.73 4 3.88 4 2.56 69.71 5 3.96 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 68 T a b le 2 . 8 . C h a in - T y p e Q u a n t ity In d e x e s f o r In v e s t m e n t in P r iv a t e F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [In d e x n u m b e rs , 1 9 96 = 1 0 0 ] L in e P r iv a te f ix e d a s s e t s E q u ip m e n t a n d s o f tw a r e N o n r e s id e n tia l e q u ip m e n t a n d s o f tw a r e 1992 1 0 0 .0 0 1 0 8 .9 9 2 6 5.8 5 7 2 .8 0 8 1.2 2 9 0.1 5 1 0 0 .0 0 1 1 2 .6 7 7 2 .6 4 6 3.47 3 6.48 7 0.18 6 7.44 9 0.14 108 .09 9 1.92 8 0.40 7 7.88 9 0.46 9 7.70 7 8.04 7 8.84 8 0.00 8 1.0 9 7 1.56 4 5.07 7 8.07 7 8.16 9 0.87 114 .30 9 2.57 8 7.70 8 5.77 9 8.69 105 .64 86.74 9 0.07 84.22 68.55 86.18 89.20 95.52 105.42 96.74 9 6.24 9 0.75 8 3.65 7 6.68 9 5.45 98.80 97.32 1 0 0 .0 0 1 0 0 .0 0 1 1 2 .7 9 121 .43 145.02 124 .99 112 .70 9 8.90 9 3.05 1 11 .26 102 .69 88.71 9 4.38 84.38 111.29 103.41 101 .13 8 1.75 8 8 .2 2 9 6.63 1 0 0 .0 0 101 .75 8 0.97 7 7.14 6 4.55 90.81 126 .26 8 8.27 9001 96.11 93.24 8 9.08 9 7.79 108.88 79.48 101 .77 9 4.93 9 6.65 9 5.84 96.69 1 0 0 .0 0 F a b r ic a te d m e ta l p r o d u c t s 12 E n g in e s a n d t u r b in e s S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 13 14 15 16 17 G e n e r a l in d u s t r ia l, i n c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 7 2.34 6 C o m m u n ic a t io n e q u i p m e n t 7 In s tr u m e n ts 8 P h o t o c o p y a n d re la te d e q u ip m e n t 9 O ffic e a n d a c c o u n t in g e q u ip m e n t 10 M e t a lw o r k in g m a c h in e r y E le c t r ic a l t r a n s m is s io n , d is t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 11 C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O t h e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n tia l e q u i p m e n t S tr u c t u r e s N o n r e s id e n tia l s tr u c t u r e s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a t io n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l i g h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a rm r e la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls P e t r o le u m a n d n a t u r a l g a s O t h e r m in in g O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n tia l s tr u c t u r e s H o u s in g u n it s P e r m a n e n t s ite T - to - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n "F o o tn o te s t o th e T a b le s ." .....60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 2 .79 8 3.43 8 8 .1 5 9 2 .6 7 91.61 1 0 0 .0 0 1 0 4 .53 8 3.4 4 7976 8 6.2 9 8 0.83 8 9.37 8 2.62 7 4.29 86.19 74.13 9 4.64 7 3.63 117 .06 5 6.77 4 6.18 6 5.90 112 .18 9 2.37 7 6.97 9 2.07 102 .96 7 9.47 105 .63 102.34 9 6.00 9 6.54 90.21 150 .27 8 5 .6 6 8 4.67 9 4.32 8 4.54 8 2.90 87.31 8 2.84 9 0.74 9 1.82 9 1.48 101.91 9 3.97 9 0.55 9 2.22 9 0.53 9 7.57 8 2.94 9 7.64 71.98 66.61 9 3.50 2 9.60 9 2.42 8 2.98 9 9.44 9 5.12 8 2.00 9 2.35 8 4.25 8 5.93 8 5.94 8 5.86 123.21 1 0 0 .0 0 1 0 0 .0 0 1 0 9 .05 110.14 9 8.85 1 0 0 .0 0 12 0.0 1 1 0 0 .0 0 1 0 0 .0 0 104.74 109.68 104.67 123 .47 124.15 111.40 115.45 114.66 118.08 111.44 9 8.98 110 .48 103.37 101.14 8 2.63 9 2.50 100 .69 125.11 127.51 9 6.13 91.15 9 1 .4 5 9 2.13 9 2.12 92.31 7 8.85 9 2.40 90.02 9 2.17 177 .35 8 0.1 8 8 9.52 8 6.82 1 0 0 .0 0 1 0 1 .1 8 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s 1 0 0 .0 0 9 7.0 2 42 F a rm tr a c to r s 1 0 0 .0 0 9 3 .1 4 8 1.1 7 T ra c to rs 1 0 0 .0 0 1 0 0 .0 0 8 6.7 6 41 H o u s e h o ld f u r n it u r e O th e r fu r n it u r e 1 0 0 .0 0 1 0 0 .0 0 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 F u r n it u r e a n d f i x t u r e s 1 0 0 .0 0 1 0 0 .0 0 A ir c r a f t O th e r e q u ip m e n t 1 0 0 .0 0 105.22 85.18 95.70 88.95 9 5.92 9 5.77 92.21 97.90 91.92 9 4.64 22 R a il r o a d e q u i p m e n t 1 0 0 .0 0 1 0 0 .0 0 1 0 1 .2 1 21 A u to s S h ip s a n d b o a t s 1 0 0 .0 0 7 4.17 9 0.49 7 9.93 9 6.08 9 2.06 9 1.44 9 5.40 9 1.24 91.30 T r u c k s , b u s e s , a n d t r u c k t r a ile r s 19 20 88.81..... 85.20 1 0 0 .0 0 116.83 106.27 110 .98 81.62 119.22 114.64 112.65 110.64 114.68 9 9.38 115.48 131.23 129.32 138.86 105.22 103.67 160 .59 9 7.48 116.01 9 7.97 116.92 104 1 6 7 5.80 7 2.85 5 1.88 110 .25 136 .73 5 7.53 6 4.14 7 4.98 85.17 83.00 85.29 68.55 7 1.49 5 6.84 6 9.65 5 5.17 5 1.36 7 5.72 9 0.05 8 5.03 9 0.29 7 7.05 T r a n s p o r t a t io n e q u ip m e n t 1997 9 0.7 9 C o m p u t e r s a n d p e r ip h e r a l e q u i p m e n t I n t e r n a l c o m b u s t io n e n g in e s 1996 8 6 .1 3 S o ftw a re 1 S te a m e n g in e s 1995 7 9 .3 4 6 5.6 8 56.26 28.37 61.65 6 6.13 8 5.34 9 3.89 8 3.86 7 4.05 7 6.70 9 2.15 102 .43 7 4.49 72.11 7 2.89 I n d u s t r ia l e q u ip m e n t 1994 7 3.2 8 3 4 5 I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e 1993 1 1 0 1 .2 2 8 2.56 6 8.98 8 6.33 6 8.74 87.71 76.41 111 .27 46.41 38.55 54.41 8 2.48 8 9.05 7 7.04 8 7.79 87.31 100 .09 9 3.68 7 4.80 7 9.57 7 9.10 8 4.87 1 6 5.74 8 3.42 8 2.13 83.78 85.32 95.47 85.25 6 5.77 5 3.37 4 0.12 5 5.24 87.31 6 9.98 1 0 2 .2 2 7 2.87 8 4.22 8 7.63 8 8.15 8 7.60 8 3.40 8 6.23 7 2.06 8 1.62 6 9.88 9 8.65 8 3.99 93.51 8 8.93 9 3.73 8 6 .17 8 9.5 2 86.95 8 8 .2 2 9 1.24 9 7.43 9 1.20 5 4.33 6 4.92 4 1.07 6 8.28 9 6.75 103 .45 7925 ..... 124 .06 9 1.28 83.81 9 4.49 9 0.07 9 0.72 9 4.72 90.51 9 5.72 1 0 1 .1 2 7 7.56 110 .76 5 9.39 4 5.30 7 7.24 109 .28 78.91 8 0.79 9 4.10 7 3.78 6 2.28 101 .03 93.80 9 2.89 9 0.43 1 19 .78 12863 9 7.8 0 9 6.83 9 7.77 1 0 0 .0 0 103 .63 9 9.98 7 2.49 8 0.60 1 62 .02 6 9.15 100.91 59.84 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 ..... 100 .00 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 m o o 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 1 .6 8 1 0 0 .0 0 101 .56 100 .94 9 9.30 100.95 108 .43 103.86 122.41 101 .25 9 9.48 133 .73 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 1 0 0 .0 0 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 69 T a b le 2 . 9 . C u r r e n t- C o s t A v e r a g e A g e a t Y e a r e n d o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu re s ; b y T y p e [Y ears] L in e P riv a te fix e d a s s e ts E q u ip m e n t a n d s o ft w a r e P r e s i d e n t i a l e q u ip m e n t a n d s o ftw a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e C o m p u t e r s a n d p e r ip h e r a l e q u i p m e n t S o ftw a re 1 1925 1926 1927 1928 1929 1930 1932 1931 1933 1934 1935 1936 1937 1 1 9 .8 1 9 .7 1 9 .6 1 9 .7 1 9.9 2 0 .2 2 0 .6 2 1 .3 2 2 .2 2 3 .0 2 3 .6 2 4 .0 2 7 .9 7 .8 7 .9 8 .0 7 .9 8 .1 8 .6 9 .4 1 0 .1 1 0 .5 1 0 .7 1 0 .4 1 0 .0 3 4 5 7 .9 4.2 7 .9 4.2 8 .0 8 .0 8 .6 1 0 .6 1 0 .8 1 0 .5 1 0 .1 4.5 4.9 9 .4 5.4 1 0 .1 4.4 7 .9 4.4 8 .1 4.3 6.1 6.4 6.3 6.1 5.6 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 2 4 .3 6 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 C o m m u n ic a t io n e q u ip m e n t 7 in s t r u m e n t s 8 5.0 4.3 3.5 5.2 4.5 3.5 5.3 4.5 3 .6 5.3 4.4 3.4 2 .8 2 .8 5.8 4.8 3.7 3.4 8.9 7.5 5.8 4.9 3.9 1 0 .6 9.2 18.8 20.7 5.6 2 0 .1 2 2 .0 8.1 8 .6 1 0 .2 9.5 19.6 21.5 5.8 10.7 7.5 5.7 4.7 3.2 10.5 9.7 19.9 7.0 5.2 4.2 2.9 10.1 7.7 5.8 5.1 3.6 1 0.7 9.7 16.8 19.0 4.4 6.5 5.2 4,1 3 .8 9 .5 8.7 1 7.8 1 9.9 5.0 9.5 7.1 5.6 4.6 4 .2 8.4 5.5 4.4 3.5 3.1 8.5 7.9 16.2 18.4 4.1 P h o t o c o p y a n d r e la te d e q u ip m e n t 9 5.0 4.7 3.6 O ffic e a n d a c c o u n t in g e q u ip m e n t 10 2 .8 2 .8 2 .8 11 8.3 F a b r ic a te d m e ta l p r o d u c t s 12 8 .0 E n g in e s a n d t u r b in e s 14.3 16.2 3.6 8.3 7.9 15.3 17.3 4.0 1 5.7 1 7.7 4.1 8 .2 8 .2 8 .2 8 .0 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 13 14 15 16 17 8.3 7.9 14.7 16.7 3.7 8 .2 8.3 8.5 8 .6 8.3 7.9 15.9 18.0 4.1 7.8 8.7 9.1 9.5 10.1 1 0 .6 G e n e ra l in d u s t r ia l, in c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 5.8 5.5 5.5 5.5 5.3 5.5 5.9 6.4 6.9 E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s 19 8 .8 8 .6 8.7 9.0 9.2 2.5 1.5 8.7 9.7 3.1 8.7 20 8.7 9.4 2.7 1.5 1 0 .0 9.9 3.3 1.7 1 0 .2 1 0 .8 3.5 1.9 4.0 2 .2 2 .6 2 .8 2 .0 1 .8 1.7 3.4 1.7 1.4 9 .7 1 1.9 4.5 1.6 2 .2 2 .8 1 1 .0 11.3 1 1 .6 1 2 .2 1 2 .6 1 2 .6 1 2 .8 5.0 5.6 4.4 5.7 3.8 4.1 13.2 4.9 5.4 4.4 5.5 3.9 4 .2 1.9 6.5 3.2 4.8 4.5 5.1 13.7 5.0 5.4 4.5 5.5 4.1 4.5 6 .2 6 .8 6.4 5 .7 6 .5 5.4 7.0 6.3 7.0 6 .2 6.9 4.2 8.3 10.1 11.1 3.9 3.0 3.9 3.1 13.9 4.9 5.3 4.5 5.5 4.2 4.6 2.5 6.3 3.6 4.8 4.5 3.9 4.1 3.8 3.4 13.0 14.9 5.5 5.9 5.1 5.9 4.8 5.4 4.4 14.7 16.7 5.1 5.8 4.4 5.9 3.7 3.9 1.5 6.5 3.0 4.6 4.5 5.0 12.7 14.1 5.1 5.5 4.7 5.6 4.4 4.8 3.8 13.8 15.8 I n d u s t r ia l e q u ip m e n t S te a m e n g in e s In te r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s 21 A u to s 22 A ir c r a f t 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O t h e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O th e r f u r n it u r e T r a c to r s F a rm t r a c t o r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O t h e r n o n r e s id e n t ia l e q u i p m e n t R e s id e n tia l e q u ip m e n t 8.1 3.8 3.6 1 .8 6.5 3.1 4.7 4.4 5.0 9.1 3.8 3.1 1 .6 8 .0 2.1 6.4 3.4 4.9 4.5 5.1 8 .2 2 .6 2 .8 6.3 3.9 5.1 4.6 3.7 3.3 4.0 3.8 6.9 4.5 5.8 4 .7 3.9 3.3 4.3 4.3 3 .3 7.6 5.3 6.4 5.2 4.4 3.8 4 .9 4 .7 1 0 .2 9.7 1 9.2 2 2 .2 2 2 .0 5.7 5 .0 1 0 .6 1 0 .0 1 1 .0 1 1 .2 11.1 4.2 9.2 1 0.9 7.2 7.4 7.2 7.0 10.4 1 1 .0 13.3 5.0 2.7 4 .6 15.5 17.4 7.1 7.3 11.4 13.3 4 .5 1.9 5.8 16.7 18.4 11.1 1 2 .8 1 1.3 1 3.6 4.8 2.3 5.2 1 6.4 1 8.0 7.1 7.6 6.7 7.7 4 .9 6 .6 7.4 6.5 7.0 5.0 8.9 6 .8 7.6 6 .6 1 2 .8 4.4 1 .8 5.5 1 6.8 1 8.2 6.5 7.5 6.5 7.6 4 .8 4 .8 4 .9 8 .8 7.8 5.5 5.5 5.3 8.5 6 .2 6 .8 7.0 6 .6 6.1 6.9 5 .6 4.9 4.3 5.5 5.2 7.1 5.9 5.2 4 .6 5 .7 5.4 6 .8 6 .2 5.9 5.1 4.5 5 .7 5.6 5.6 4 .9 4 .3 5.5 5.5 5 .8 5 .2 4.2 3.8 4 .7 5.7 6 .2 6 .2 6.4 5.6 8.1 41 5 .3 5 .4 5 .6 5 .8 5 .9 6 .2 6 .5 7 .0 7 .3 7 .5 7 .5 7 .4 7 .4 42 2 1 .6 2 1 .4 2 1.4 2 1 .4 2 1 .6 2 2 .0 2 2 .5 2 3.2 2 4.0 2 4 .7 2 5 .4 2 5 .9 2 6 .3 1 9.0 12.7 13.6 10.3 9.7 1 8.9 1 9.0 19.1 1 2 .6 1 2 .6 13.7 10.5 9.7 13.9 1 9.3 12.9 14.2 1 9 .8 13.5 14.8 1 0 .6 13.9 10.7 9.8 19.1 12.7 13.8 2 0 .5 14.3 15.7 12.4 11.5 2 1 .2 1 2 .6 2 1 .9 1 5.8 17.1 1 4.0 1 3.0 2 2 .5 16.5 17.8 14.7 13.7 2 3 .0 17.1 1 8.3 1 5.4 1 4.3 2 3 .2 17.5 18.5 15.9 14.7 P e t r o le u m a n d n a tu r a l g a s 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 O th e r m in in g 66 S tr u c tu r e s N o n r e s id e n tia l s tru c tu r e s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b i le s t r u c t u r e s O th e r c o m m e r c i a l ? R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d i n s t it u t io n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l ig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a r m re la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f ts , a n d w e lls O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n tia l s tru c tu r e s H o u s in g u n its P e r m a n e n t s it e l- to - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O t h e r r e s id e n t ia l6 S ee th e s e c tio n “F o o tn o te s t o t h e T ab le s." 67 68 69 70 71 72 73 74 75 76 77 78 79 9 .7 0 .0 0 .0 0 .0 0 .0 9.7 14.2 14.1 13.8 14.9 9.7 13.8 13.4 13.4 14.7 9.7 13.6 13.0 9.8 13.5 8 .6 8 .0 14.6 7.9 10.7 18.2 23.6 27.8 11.5 11.3 10.7 18.6 2 4.3 1 0 .2 18.7 23.7 28.0 11.4 11.7 10.4 19.2 24.8 1 0 .8 1 1 .0 1 1 .6 1 0 .0 10.3 1 0 .8 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 1 0 .0 10.3 13.7 1 0 .8 14.0 12.3 15.4 13.2 13.4 17.7 13.7 16.9 14.7 15.1 19.1 1 4.3 1 7.6 1 5.2 1 5.8 19.5 1 3.2 1 4.3 2 4.5 2 7.8 33.1 1 4.5 1 7.6 14.6 14.7 18.2 15.7 16.4 29.6 10.5 10.4 12.7 23.4 1 3.0 16.2 14.0 1 4.3 1 8.4 1 1.9 1 3.0 2 3.4 2 6.6 3 1.9 13.1 16.1 13.3 21.5 30.4 10.9 10.7 13.1 24.1 12.1 1 2 .0 11.5 14.6 12.4 1 2 .2 1 2 .0 12.1 1 2 .6 15.4 8.1 15.0 8.4 1 0 .0 1 0 .0 1 0.2 10.5 19.1 23.9 28.3 11.4 2 0.4 24.1 28.8 10.9 24.2 29.1 10.7 16.9 10.3 11.5 21.9 2 5.2 3 0.2 1 1 .0 1 1 .6 1 2 .0 19.7 24.1 2 8.6 11.4 12.4 16.1 9.5 10.9 21.4 24.5 29.5 1 2 .8 13.1 13.7 1 0 .2 1 0 .2 1 0 .6 11.1 19.2 25.2 8.4 19.6 2 5.7 19.2 26.9 9.0 8 .8 19.2 2 7.7 9.5 9.4 1 4.4 1 1.7 1 9.7 2 8.7 8.4 10.7 2 0.3 10.4 18.5 26.2 8.7 8.5 1 0 .8 11.1 1 1 .6 1 2 .8 1 2 .6 12.5 14.7 8.1 8 .2 7.9 10.4 18.9 8 .0 8 .2 10.4 19.5 1 0 .6 24.1 24.6 24.6 2 5.4 3 5.4 2 4.0 14.1 2 3 .8 24.3 24.3 2 5.2 3 5.9 2 3.7 13.2 2 3 .6 24.1 24.1 25.2 36.6 23.6 12.5 2 3.6 24.1 24.1 2 5.2 3 7.3 2 3.6 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 19.9 8 .6 15.1 16.4 13.2 12.3 13.5 12.4 8 .8 2 0 .8 1 0 .0 11.1 1 2 .2 22.7 26.0 31.1 12.4 15.3 12.5 2 0 .6 1 2 .6 13.7 24.0 27.3 32.6 13.9 16.9 14.0 2 0 .0 13.8 14.8 25.0 2 8.3 3 3.7 15.0 18.1 15.1 2 2.7 32.1 2 2 .2 2 2 .6 31.1 3 1.6 1 1 .0 1 1 .0 1 0 .8 1 0 .8 1 0 .8 1 0 .6 13.4 2 4.9 13.4 2 5.8 1 3.3 2 6.6 2 0 .8 21.4 2 2 .0 9 .9 12.3 2 2.7 1 2 .2 2 3 .8 2 4.3 2 4.3 2 5.5 38.1 2 3.9 1 2.4 2 4 .3 24.9 24.9 26.1 38.9 24.5 13.1 2 5 .0 25.5 25.5 2 6.7 3 9.7 25.1 13.8 2 5 .7 2 6.3 2 6.3 2 7.5 4 0.5 2 5.9 14.8 2 6 .6 27.2 27.2 28.4 4 1.4 26.7 15.7 2 7 .3 2 8.0 2 8.0 29.2 42.3 27.5 16.7 2 8.0 2 8.7 28.7 2 9.8 4 3.0 2 8.2 17.6 2 8 .5 2 9.3 2 9.3 3 0.4 4 3.7 2 8.8 18.3 2 9.0 2 9.9 2 9.9 3 1.0 4 4.4 2 9.3 19.0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 19.1 9.9 19.1 9.5 19.0 9.5 18.9 9.8 1 8.9 18.9 19.8 2 0 .2 1 2 .2 13.0 2 0.3 14.6 2 0 .0 1 0 .6 20.4 13.8 2 0 .1 10.1 19.3 11.4 15.3 1 6.0 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 70 T a b le 2 . 9 . C u r r e n t- C o s t A v e r a g e A g e a t Y e a r e n d o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [Years] L in e P riv a te fix e d a s s e ts E q u ip m e n t a n d s o ftw a r e 1938 1939 1941 1940 1942 1943 1944 1945 1947 1946 1948 1949 1950 1 2 4 .8 2 5 .2 2 5.4 2 5.4 2 6 .0 2 6.8 2 7.5 2 7 .9 2 7 .6 27.1 2 6.4 2 6 .0 2 5 .4 2 1 0 .2 1 0 .2 9 .9 9 .3 9 .6 9 .9 9 .7 9 .2 8 .6 7 .7 7.1 7 .0 6 .9 1 0 .2 1 0 .2 5.5 9 .4 4.9 9 .6 5.3 9 .9 5.7 9 .8 5.4 9 .2 4.9 8 .6 5.6 9 .9 5.2 7.7 3.9 7.1 3.7 7 .0 3.8 6 .9 3 .9 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 N o n r e s id e n t ia l e q u ip m e n t a n d s o ftw a r e 3 In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ft w a re 4 C o m p u te rs a n d p e rip h e ra l e q u ip m e n t 5 S o ftw a re 1 6 C o m m u n ic a tio n e q u ip m e n t .... 7 " In s tru m e n ts 8 P h o to c o p y a n d re la te d e q u ip m e n t 9 O ffic e a n d a c c o u n tin g e q u ip m e n t 10 In d u s tr ia l e q u ip m e n t 11 F a b ric a te d m e ta l p ro d u c ts 12 E n g in e s a n d tu rb in e s 13 S te a m e n g in e s 14 In te rn a l c o m b u s tio n e n g in e s 15 M e ta lw o r k in g m a c h in e ry 16 S p e c ia l in d u s tr y m a c h in e ry , n .e .c . 17 G e n e ra l in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t 18 E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a nd in d u s tria l a p p a ra tu s 19 T ra n s p o rta tio n e q u ip m e n t 20 T ru c k s , b u s e s , a n d tr u c k tr a ile r s 21 A u to s 22 A ir c r a ft 23 S h ip s a n d b o a ts 24 R a ilro a d e q u ip m e n t 25 O th e r e q u ip m e n t 26 F u rn itu re a n d fix tu re s 27 H o u s e h o ld fu r n it u re 28 O th e r fu r n it u re 29 T ra c to rs 30 F a rm tr a c to r s 31 C o n s tr u c tio n tr a c to r s ...3 2... A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s 33 C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s 34 M in in g a n d o ilfie ld m a c h in e ry 35 S e rv ic e in d u s tr y m a c h in e ry 36 E le c tric a l e q u ip m e n t, n .e .c . 37 H o u s e h o ld a p p lia n c e s 38 O th e r 39 O th e r n o n re s id e n tia l e q u ip m e n t 40 0 .0 0 .0 0 .0 0 .0 4 .3 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 7.0 5.3 4.3 2.9 10.3 6 .8 6.3 5.3 4.3 6 .0 6 .2 6.4 6 .0 5.6 4 .8 3 .6 5 .3 4 .0 2 .9 4.8 3.4 2.5 4.7 3.2 2.5 4 .7 .... 3.3 4.8 3.4 2 .6 2 .8 2 .8 2 .2 2 .0 2 .0 2 .2 8 .9 8.5 7 .3 15.9 7.9 6.4 15.6 7.6 7.7 2.3 7.6 2 0 .8 2 0 .0 19.4 19.1 9.9 18.9 5.5 4 .5 2.7 9.7 9.5 19.1 2 2 .2 2 2 .2 2 2 .0 22.1 4.2 9.4 4.1 9.2 3.9 8.1 3.9 7.0 11.1 11.1 11.1 11.1 5.0 3.1 9.7 9.6 19.7 2 2.7 4.3 6.5 11.3 7.2 7.3 7.3 7.4 7.8 8 .0 7.7 7.1 11.3 13.2 4.7 11.3 13.3 4.7 1 0 .8 10.5 12.3 4.4 10.9 13.4 5.7 1 0 .0 13.6 18.8 10.5 13.8 5.9 3.4 7.3 13.7 18.8 6.1 6 .0 7.3 6.3 7.4 5.2 5.2 5.3 7.2 5.7 5.6 4.9 4.1 4.0 4.3 5.9 7.4 6.5 7.5 4.8 4.8 4.9 .......6.8 1 0 .0 5.1 4.2 2.9 10.3 10.1 2 .8 1 0 .0 6 .0 6.1 6 .0 4.9 3.3 9.7 9.1 19.7 2 2.9 4,4 6.3 4.7 3.1 9.4 8 .6 8.1 19.0 22.4 3.8 6.3 15.3 20.4 2 .7 6.3 3.8 3.6 6 .2 6.1 1 1 .6 1 1 .6 1 1 .0 1 0 .2 2.1 2 .0 1 .8 1 .6 5.6 16.4 18.7 6.5 7.6 6.5 7.7 4.7 4.7 4.9 7.7 5.9 5.4 16.7 19.1 6.4 7.6 4.8 16.0 19.1 4 .7 15.1 18.7 5.8 7.0 10.7 1 2.9 5.1 2.3 5.6 14.4 18.6 5.9 7.0 6 .0 6.1 6 .0 6 .0 5.2 4.3 3.9 4.7 5.9 5.1 4.1 3.9 4.5 5.9 6 .6 7.7 4.8 4.7 4.9 7.7 5.9 13.0 4.6 6 .2 7.3 6.3 7.5 4.6 4.6 4.7 ...... 7“6 .... 5.7 5.8 4.9 3.8 3.6 4.0 5.8 7.1 4.2 4.2 ...... 4 .3 .... 7.1.... 5.4 5.2 4.8 3.6 3.4 3.8 5.5 7.2 4.5 4.5 4.6 6.9 5.5 5.4 4.9 3.8 3.7 4.0 5.6 2 .8 6 .6 6.1 5.5 4.5 4.0 3.7 4.4 5.9 13.4 4.6 3.9 5.3 1 3.3 18.8 5.5 7.3 6.4 7.4 4.6 4.6 4.8 6.3 4.6 4 .9 4.1 3 .6 3.5 3 .7 5.8 6.1 6 .2 6 .2 13.9 17.2 3.7 9.0 14.6 18.5 3.6 6.3 8.3 8.1 12.7 15.3 3 .8 6 .9 7 .9 6.9 6 .6 6.5 6.7 6 .9 9.5 12.4 4.1 3 .0 3 .7 13.6 18.8 5.2 6.7 5.8 8.7 8.4 1 1 .0 1 0.0 3.9 1.9 3.8 13.0 18.3 4.7 4.4 13.5 17.1 4.3 8.3 9.5 3.6 1.5 4.6 13.9 16.1 4 .4 9 .0 3 .6 1.5 5 .0 14.3 1 5.8 4 .4 6 .0 6 .0 6 .0 5.0 4.9 4 .8 6 .8 4.8 4.7 5.0 6.3 3 .6 5.0 3 .7 3.4 3.3 3.5 5.3 6 .2 5.3 6.3 4.4 4.3 5.0 ...... 5 .8.... 3.3 5.0 3.1 2.9 2 .8 3.0 4.9 3.6 1 .6 6 .2 4.0 3.8 4.9 ....... 5.3... 3.1 4.9 2 .8 2 .8 2.7 3.0 4.5 6 .8 6.1 3.8 3.6 ...... 5 .3 .... .......5“ï ..... 3.5 5.1 3 .0 3 .0 2 .9 3.1 4 .4 8 .2 6.1 3 .7 3 .6 5.5 5 .0 3 .7 5 .2 3 .3 3 .0 2 .9 3.1 4 .4 41 7 .5 7 .5 7 .4 7 .2 7 .5 8.1 8 .9 9 .4 8 .8 7.8 7 .2 6 .9 6 .5 42 2 6 .8 2 7 .3 2 7 .6 2 7.7 2 8 .3 2 9.0 2 9 .7 3 0 .4 3 0.1 2 9 .8 2 9 .4 29.1 2 8 .5 N o n r e s id e n t ia l s tru c tu r e s N o n re s id e n tia l b u ild in g s , e x c lu d in g fa r m In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu r e s O th e r c o m m e r c ia l3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo ra tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa rm s t r u c t u r e s 5 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 2 3 .8 18.1 19.2 16.6 15.4 2 4 .3 18.7 19.7 17.2 15.9 2 4.7 19.1 2 5.0 1 9.3 19.8 18.2 17.0 2 5 .6 2 6.2 20.9 2 6 .8 21.7 2 7 .4 2 2.3 2 7 .3 2 7 .3 2 2 .0 2 2 .2 2 7.2 22.3 2 7 .2 2 2.5 2 7 .0 2 2.4 21.1 2 1 .8 2 2 .0 2 1 .2 2 0 .8 2 0 .8 2 1 .0 2 1 .2 2 0 .0 2 0 .8 2 1 .2 21.4 2 0.3 2 1.5 1 9.6 21.4 20.4 2 1 .6 18.7 2 1.5 2 0.3 66 13.6 27.3 R e s id e n tia l s tru c tu r e s H o u s in g u n its P e rm a n e n t s ite 1 - to - 4 - u n it F a rm N o n fa rm 5 -o r - m o r e - u n it M a n u fa c tu re d h o m e s Fa rm N o n fa rm Im p r o v e m e n ts O th e r r e s id e n tia l6 68 R e s id e n tia l e q u ip m e n t S tr u c tu r e s S ee th e s e c tio n "F o o tn o te s t o th e T a b le s ." 67 69 70 71 72 73 74 75 76 77 78 79 2 0 .0 17.7 16.5 2 0 .0 20.3 19.0 17.8 2 0 .2 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0.5 0 .8 1 .2 15.4 18.8 16.2 16.8 20.4 14.4 15.2 25.6 28.8 34.3 15.4 18.4 15.8 23.5 32.6 15.9 19.4 16.8 17.4 1 6.5 1 9.8 172 17.9 1 7.0 2 0.3 17.5 18.2 17.8 18.7 2 2 .0 2 4.2 2 0.7 2 1 .0 21.1 2 1 .2 2 1 .0 2 1 .6 22.1 2 6.9 14.9 15.5 26.4 29.4 3 5.0 1 5.9 1 8.8 16.4 2 3.3 3 3.0 10.9 10.7 13.6 28.1 15.4 16.0 2 7.8 2 9.9 3 5.6 1 6.2 1 9.0 1 6.8 2 3.3 3 3.6 10.9 10.7 13.5 2 8.9 15.9 1 6.6 2 8 .4 3 0 .4 3 6.2 1 6.3 1 9.5 17.2 2 3.3 3 4.0 10.9 1 0.7 1 3.2 2 9 .6 19.2 19.7 23.5 17.5 18.3 2 9.6 3 1.6 37.4 17.3 20.5 2 4.5 2 0.5 2 0.3 2 4.4 18.2 18.8 22.7 16.6 17.4 2 9.0 3 1.0 3 6.9 16.5 19.9 17.7 23.4 34.5 2 0.3 2 3.7 207 2 0.9 25.1 19.2 2 0 .2 2 1 .0 19.6 2 2.9 27.6 20.5 2 0.9 35.5 3 2.5 3 9.4 16.6 2 0.9 18.4 24.9 32.3 11.4 2 9 .5 30.4 30.4 31.5 45.1 2 9.8 19.7 2 9 .7 3 0.7 3 0.7 3 1.7 4 5.7 3 0.0 2 9 .8 30.8 30.8 31.8 46.1 30.2 2 0 .2 0 .0 0 .0 0 .0 1 0 .8 1 0 .6 2 0 .6 1 3.0 30.5 18.4 2 3.6 3 4.8 11.5 11.4 12.9 31.4 3 0 .5 3 1.5 3 1.5 3 2.4 4 7.0 3 0.8 31.1 3 2.2 3 2.2 3 3.2 4 7.6 31.5 2 0 .8 2 9 .9 3 1 .0 3 1 .0 3 1 .9 4 6.5 3 0 .2 2 1.4 2 2 .1 2 2 .6 0 .0 0 .0 0 .0 1 1 .2 1 1 .0 20.1 2 0.4 2 4.2 18.4 19.2 3 0.3 32.1 3 7.8 1 7.9 2 1.3 18.6 2 3.9 3 5.2 2 0 .0 3 1.0 3 2.6 3 8.2 18.3 2 1.7 18.8 2 4.4 2 5.2 19.5 20.3 31.1 3 2.9 3 8.7 18.1 2 2 .0 20.1 2 0.9 3 4.6 3 2.8 39.1 17.5 21.5 18.7 25.1 33.1 11.7 11.5 13.6 3 4.4 3 5.6 11.7 1 9.0 2 4.9 3 4.2 1 1.7 11.5 13.0 3 2.3 1 1 .6 1 1 .6 13.2 3 3.2 13.5 3 3.8 3 1.9 32.9 32.9 33.9 48.2 32.3 23.0 3 2 .6 3 3.7 3 3.7 3 4.7 49.0 3 3.0 2 3.8 3 1.7 33.2 33.2 34.1 49.4 32.4 24.4 1 1 .6 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 3 2 .3 3 3.6 3 3.6 3 4.5 4 9.0 3 2.9 2 4.3 0.5 0.5 0.5 2 0 .0 2 0 .0 20.7 2 1 .2 21.5 20.1 18.6 17.2 1 9.8 1 8.3 20.1 16.6 19.9 17.7 19.1 2 0 .0 20.9 2 1 .8 2 2 .2 2 2 .8 0 .8 0.9 0 .8 2 0 .2 2 0.3 1.9 2 0.4 2 3.7 19.8 2 0.9 2 8.0 20.9 2 0 .9 3 6.2 3 2.2 3 9.8 16.4 2 0 .1 17.9 2 5.0 3 1.7 11.3 1 1 .2 1 1 .0 13.8 35.0 1 4.0 3 5.6 3 1.0 32.7 32.7 33.5 49.6 31.8 24.6 3 0 .5 3 2.3 3 2 .3 3 3 .0 4 9 .9 3 1.3 2 4.6 1.9 1.9 1.9 1 6.4 2 3 .7 1 .2 1 .2 ......1 .2 ... 17.2 23.3 2 0 .1 2 .2 2 0 .2 2 3 .0 1 9.3 19.7 28.1 2 1.3 2 0.9 3 6.4 32.1 4 0 .3 16.4 1 9.7 1 7.2 2 4.9 31.1 1 1 .0 1 0.7 14.1 3 5 .9 2 9 .6 3 1.4 3 1.4 3 2.0 5 0.3 3 0.3 2 4 .7 2.4 2.4 2A 15.8 2 4.2 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 71 T a b le 2 . 9 . C u r r e n t- C o s t A v e r a g e A g e a t Y e a r e n d o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c t u r e s ; b y T y p e — C o n tin u e d [Years] L in e P riv a te fix e d a s s e ts E q u ip m e n t a n d s o ft w a r e N o n r e s id e n tia l e q u ip m e n t a n d s o ft w a r e In fo r m a tio n p ro c e s s in g e q u ip m e n t a n d s o ftw a r e C o m p u te rs a n d p e rip h e ra l e q u ip m e n t S o f tw a r e 1 C o m m u n ic a tio n e q u ip m e n t R e s id e n tia l e q u ip m e n t N o n r e s id e n tia l s tru c tu r e s N o n r e s id e n tia l b u ild in g s , e x c lu d in g fa rm In d u s tr ia l b u ild in g s O ffic e b u ild in g s 2 C o m m e rc ia l b u ild in g s M o b ile s tru c tu re s O th e r c o m m e rc ia l * R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p ita l a n d in s titu tio n a l b u ild in g s O th e r H o te ls a n d m o te ls A m u s e m e n t a n d re c re a tio n a l b u ild in g s O th e r n o n fa rm b u ild in g s 4 U tilitie s R a ilro a d T e le c o m m u n ic a tio n s E le c tric lig h t a n d p o w e r G as P e tro le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s tru c tu r e s M in in g e x p lo r a tio n , s h a fts , a n d w e lls P e tro le u m a n d n a tu ra l g a s O th e r m in in g O th e r n o n fa rm s t r u c t u r e s 5 R e s id e n tia l s tru c tu r e s H o u s in g u n its P e r m a n e n t s ite 1 - t o - 4 - u n it F a rm N o n fa rm 5 -o r - m o r e - u n it M a n u fa c tu re d h o m e s Fa rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 See th e s e c tio n “F o o tn o te s t o th e T a b les ." 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 2 4 .9 2 4 .7 2 4.3 2 4 .0 2 3 .6 2 3 .2 2 2 .9 2 2 .7 2 2 .4 2 2 .3 2 2 .1 2 2 .0 2 1 .6 2 6 .8 6 .8 6 .7 6 .8 6 .8 6 .8 6 .9 7.1 7.1 7 .2 7 .3 7 .3 7 .2 3 4 5 6 .8 6 .8 6 .8 6 .8 6 .8 3.9 3.9 3.9 4 .0 4.1 6 .9 4.1 6 .9 4.1 7.1 4 .2 7 .2 4.3 7 .2 4.3 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 0 .0 1.1 1.1 6 0 .0 0 .0 0 .0 0 .0 0 .0 0.0 0 .0 0 .0 4.8 3.5 2.9 2.4 7.5 4.7 3.6 3.0 2.5 7.5 4.5 3.7 3.0 2.5 7.4 4 .6 4 .0 3.1 4.7 4.3 3.2 7.3 4.6 4.4 3.3 2.5 7.4 6.1 6 .0 6 .0 6.1 6 .2 6 .2 12.4 14.7 4.1 6.9 7.7 1 1 .8 11.4 10.1 1 0 .0 1 2 .6 1 1 .0 6 .8 6 .6 7.8 7.8 4.1 6.4 7.9 10.9 3.8 6.4 7.8 9.7 10.5 3.7 6.4 7.9 4 .8 4 .6 3.6 2.5 7.6 6.3 9.5 13.3 4.5 7.3 5.9 10.5 11.5 4 .3 6.3 7.9 4.7 4.2 3.1 2.7 7.4 7 .3 4.3 0.9 0.9 4.6 5.3 3.6 2 .9 7 .3 4 .3 0 .0 7.1 4 .3 0.5 0.5 4.8 4 .9 3 .6 7.1 7.2 7.3 7.4 7.3 7.3 8 .0 7.5 7.5 8.7 3.6 1.7 5.5 14.2 15.1 4.5 5.9 4.8 7.7 8.7 3.9 1.9 5.2 13.6 14.8 4.6 5.9 4.8 8 .6 8 .8 4.1 1.9 5.1 13.1 14.6 4.8 5.9 4.9 4 .3 5.2 1 3.2 1 4.9 5.0 5.9 4.9 6 .0 6 .0 6 .0 6 .0 3.8 3.7 4.2 5.0 3.8 5.1 3.6 3.2 3.1 3.2 4.6 3.9 4.0 3.6 5.1 3.9 5.0 3.9 3.4 3.4 3.4 4.7 7.5 8.7 4 .2 1.9 5.6 13.4 15.2 5.0 5.8 4.8 5.9 4.6 4.8 3.7 5.8 4.5 5.1 4.3 4.0 4.0 4.0 4.8 ....7 ...... In s tru m e n ts 8 P h o to c o p y a n d re la te d e q u ip m e n t 9 O ffic e a n d a c c o u n tin g e q u ip m e n t 10 In d u s tr ia l e q u ip m e n t 11 F a b ric a te d m e ta l p ro d u c ts 12 E n g in e s a n d tu rb in e s 13 S te a m e n g in e s 14 In te rn a l c o m b u s tio n e n g in e s 15 M e ta lw o r k in g m a c h in e ry 16 S p e c ia l in d u s tr y m a c h in e ry , n .e .c . 17 G en e ral in d u s tria l, in c lu d in g m a te ria ls h a n d lin g , e q u ip m e n t 18 E le c tric a l tr a n s m is s io n , d is tr ib u tio n , a n d in d u s tria l a p p a ra tu s 19 T ra n s p o rta tio n e q u ip m e n t 20 T ru c k s , b u s e s , a n d tr u c k tr a ile rs 21 A u to s 22 A ir c r a ft 23 S h ip s a n d b o a ts 24 R a ilro a d e q u ip m e n t 25 O th e r e q u ip m e n t 26 F u rn itu re a n d fix tu re s 27 H o u s e h o ld fu r n it u re 28 O th e r fu r n it u re 29 T ra c to rs 30 F a rm tr a c to r s 31 C o n s tr u c tio n tr a c to r s 32 A g r ic u ltu r a l m a c h in e ry , e x c e p t tr a c to r s ...3 3 ...... C o n s tr u c tio n m a c h in e ry , e x c e p t tr a c to r s 34 M in in g a n d o ilf ie ld m a c h in e ry 35 S e rv ic e in d u s tr y m a c h in e ry 36 E le c tric a l e q u ip m e n t, n .e .c . 37 H o u s e h o ld a p p lia n c e s 38 O th e r 39 O th e r n o n re s id e n tia l e q u ip m e n t 40 S tr u c tu r e s 195 1 1 4.6 4.2 4.2 .......3.6..... ...... 5.3..... 4.1 5.1 4.0 3.6 3.6 3.7 4.7 2 .6 2 .0 4 .5 4 .6 3 .8 5.6 4.4 5.2 4.2 3.9 3.8 4 .0 4.8 2 .6 0 .6 0 .6 1.1 1.1 4.5 5.5 3.5 3.1 4.6 5.7 3.1 3.1 7.7 4.7 5.1 3.6 2.7 7.9 8 .2 8 .2 6 .6 6 .8 7.1 9.9 10.5 4.4 7.5 7.4 9.5 10.1 7.6 10.4 1 0 .8 11.1 4.5 7.6 4.4 7.6 8 .2 8 .2 8 .2 7.8 2 .6 8 .0 1 0 .2 1 0 .2 3 .8 6 .8 3 .9 7.1 9.7 10.3 4.1 7.2 8 .0 8.1 8.1 7.3 7.4 7.6 7.6 7.8 7.8 7.5 8.7 4.1 7.5 8.7 4.2 7.8 9.0 4 .4 8 .0 8 .2 8 .6 8 .8 8.9 4.4 8.9 4.5 8.4 9.0 4.5 2 .0 2 .0 2 .2 2.1 2.1 2.1 4.7 13.1 14.9 5.2 5.8 4.9 5.9 5.0 5.3 3.8 6.3 4.7 5.1 4.4 4.1 4.2 4.0 4.8 4 .9 4 .2 12.7 15.7 5.4 4.0 12.7 15.9 5.5 4 .0 1 2.9 16.3 5.7 8.7 4.3 1.9 4.1 8.7 4.1 1.9 4.6 13.2 16.3 5.7 5.1 13.4 15.2 5.1 5.8 4.8 5.9 4.7 5.1 ...... 3.5.... 6 .0 4.5 5.1 4.3 4.0 4.1 4.0 4.8 1 2 .8 1 5.4 5.4 5 .9 5.0 6 .0 13.0 16.3 5.7 6 .0 6.1 6.1 6.1 5.2 5.4 5j6 5.7 5.8 6 .0 6 .0 6.1 6.1 6 .2 6.1 5.1 5.4 4 .2 6 .3 4 .8 5 .4 4 .6 4.3 4.5 4.2 4.8 5.1 5.4 4.4 6.4 4 .8 5.6 4 .8 4.2 4.0 4.3 4.6 5.5 5.7 4.8 6.5 5.0 5.8 5.0 4.1 3.8 4.2 4.5 5.7 5.8 5.1 6.7 5.2 5.8 5.9 5.3 6.9 5.3 5.7 5.8 5.2 6 .8 5.2 6 .0 6 .2 6.1 5.1 4 .0 3.9 4.1 4.5 5.1 3.9 3.9 3 .9 4 .4 5.2 3.7 3.7 3.7 4.3 41 6 .4 6 .4 6 .4 6 .5 6 .4 6 .4 6 .4 6 .4 6 .4 6 .4 6 .5 6 .6 6 .6 42 28.1 2 7.9 2 7.6 2 7.2 2 6 .8 2 6 .4 2 6 .2 2 6 .0 2 5 .7 2 5 .5 2 5 .3 2 5.1 2 4 .7 2 6 .7 2 6.6 2 6.3 2 5 .8 2 5.4 2 5 .2 21.1 2 0 .6 2 0 .2 19.4 20.7 17.8 3.5 17.9 19.7 16.9 17.5 28.4 18.9 2 4 .9 2 4.7 19.5 19.2 18.9 19.1 19.7 19.4 17.1 16.6 3 .8 4 .0 17.2 16.7 1 8.7 18.2 16.5 .......16.6 16.3 16.6 25.2 2 5.5 21 1... . 2 0 .2 21.4 2 2 .1 ... ................ 3 0.3 30.7 3 1.2 31.0 4 4.0 44.7 1 5.4 15.4 1 7.8 17.9 16.1 16.0 2 6.5 27.0 2 9.3 29.0 9 .7 9.8 9 .3 9 .5 1 4.9 14.8 3 7 .8 37.7 2 4 .4 18.9 18.9 19.0 16.2 4.3 16.3 17.7 16.5 16 0 2 4.5 .......1 9.2 205 3 1.0 3 1.0 4 5.4 15.3 18.0 16.1 2 7.5 28.6 9.9 9.6 14.6 37.2 2 4 .2 18.5 18.8 18.5 15.7 4 .6 15.8 17.3 16.4 15.5 23.9 18.1 19.9 3 1.0 31.1 46.1 15.4 18.1 16.1 28.1 28.3 2 4 .0 18.3 1 8.8 1 8.2 1 5.2 4.7 1 5.3 17.1 16.2 14.8 2 4.2 1 7.4 1 9.4 3 3.5 3 1.3 4 6.8 1 5.4 18.3 1 6.3 28.3 2 8.0 10.1 1 0 .2 2 3 .8 18.0 18.7 17.9 15.0 4 .7 15.1 16.9 16.2 14.3 23.5 16.5 18.9 33.2 31.3 47.5 15.4 18.5 16.6 28.2 2 7.6 10.5 9.8 14.4 3 6.8 1 0 .0 1 0 .2 14.2 3 6.5 14.0 3 6.0 2 5 .8 28.1 28.2 28.8 5 8.5 2 7.0 2 2.7 4 .8 5.2 4 .8 13.4 20.4 2 5 .4 2 7.7 2 7.9 2 8.6 5 9.0 2 6.8 43 44 45 46 47 48 49 50 .. 51....... .. 5 2....... 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 22.1 2 2 .0 2 1 .8 26.1 21.5 20.9 20.5 2 0 .2 2 0 .1 2 1 .6 2 1 .8 21.9 2 1 .8 20.1 20.4 20.1 2.5 2 .8 3.1 20.1 22.5 18.9 18.7 28.1 21.7 21.3 3 5.9 32.1 40.8 16.5 19.4 16.5 25.1 3 0.6 1 0 .8 10.4 14.2 3 6.5 29.1 3 0.9 3 1.0 3 1.5 5 0.7 2 9.7 2 5.2 2.9 3.0 2.9 15.3 2 4.6 20.4 2 0 .2 19.6 3.4 19.7 2 2 .2 2 1 .8 2 1 .2 ...... 18.7...... 18.2 ...... 1 7 .6 ..... 1 8.1 ..... .... 17 9 ..... 17 7 28.0 28.2 2 8.2 22.1 2 2 .2 2 2.3 2 1 .8 2 2 .2 2 2.4 34.8 3 4.8 3 4.6 32.0 31.6 3 1.5 41.2 41.4 4 1.8 16.4 16.4 16.3 19.0 18.5 18.3 16.4 16.3 1 6.3 24.9 24.5 2 4.6 30.1 29.8 2 9.6 10.5 1 0 .2 9.9 1 0.2 9.9 9.6 14.2 14.2 14.4 37.0 37.3 3 7.6 2 8.8 30.6 30.7 31.1 51.3 29.3 25.8 3.1 3.3 3.1 14.9 2 5.0 2 8.4 30.3 30.4 30.7 52.0 28.9 26.3 3.4 3.5 3.4 14.6 25.2 2 8.0 2 9.9 3 0.0 3 0.3 5 2.6 2 8.5 2 6.8 3.7 3.8 3 .7 14.3 2 5.4 19.9 21.4 1 8.7 3.5 18.8 20.4 ...... 1 7 .3 .... 17.5 28.3 2 2 .2 225 349 31.5 4 2.3 16.1 18.2 16.2 25.1 29.5 9.7 9.3 14.5 3 7.6 2 7 .5 2 9.4 2 9.5 2 9.7 5 3.5 2 7.8 2 7.3 3.7 3.9 3.6 14.1 2 5.4 2 0 .2 31.3 42.8 15.7 18.2 16.1 25.6 29.4 9.6 9.2 14.7 37.9 17.4 3.6 17.5 19.1 16.8 17.1 2 8.7 2 1.7 22.5 3 6.0 31.2 43.4 15.4 18.0 16.0 26.1 29.3 9.6 9.2 14.9 37.8 2 7.2 29.1 29.2 29.3 54.2 27.5 27.8 3.5 3.7 3.5 13.9 25.2 2 7 .0 29.0 29.2 2 9.2 5 5.0 2 7.4 28.1 3.6 3.9 3.6 13.7 24.9 21.9 ...... 2 2 .5 ..... 35.4 2 6 .8 2 8.9 29.1 2 9.2 5 5.8 2 7.4 2 7.3 3 .8 4.1 3 .8 1 3.7 2 4.2 2 6 .4 28.6 28.7 29.0 56.5 27.1 26.1 4 .0 4.2 4 .0 13.5 2 3.5 2 6.2 28.4 28.6 2 8.9 57.2 2 7.0 25.3 4.3 4.5 4.3 13.4 23.0 2 6 .0 2 8.3 2 8.5 2 8.8 5 7.8 2 7.0 2 4.3 4.6 5.0 4.6 1 3.3 2 2 .1 2 0 .8 4.9 5.4 4.8 13.4 19.4 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 72 T a b le 2 . 9 . C u r r e n t- C o s t A v e r a g e A g e a t Y e a r e n d o t P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu re s ; b y T y p e — C o n tin u e d [Y ears] L in e 1964 1966 1965 1967 1969 1968 1970 1972 1971 1973 1974 1975 1976 1 2 1 .4 2 1 .1 2 0 .8 2 0 .6 20.4 2 0 .2 2 0 .0 2 0 .0 19.8 19.7 19.6 1 9 .6 19.7 2 7.1 6.9 6.7 6 .6 6.5 6.4 6.4 6 .5 6.5 6.4 6.4 6.5 6.6 3 7.1 6.9 6.7 6 .6 6.5 6.4 6.4 6.5 6.5 6.4 6.4 6.5 6.6 S p e c ia l in d u s t r y m a c h in e r y , n .e .c . 4 5 6 7 8 9 10 11 12 13 14 15 16 17 4.2 1.2 1.3 4.7 5.7 2.7 3.2 8.2 7.7 10.6 11.4 4.3 7.5 8.1 4.2 1.4 1.4 4.7 5.6 2.5 3.2 8.1 7.7 10.8 11.7 4.1 7.2 7.8 4.1 1.4 1.4 4.7 5.6 2.5 3.0 7.9 7.5 10.9 11.8 3.9 6.9 7.6 4.1 1.5 1.5 4 .7 5.4 2.7 2.9 7.8 7.5 10.7 11.6 3 .8 6.5 7.5 4.1 1.7 1.6 4.8 5.3 2.8 3.0 7.8 7.3 10.4 11.2 3.7 6.4 7.5 4.1 1.8 1.6 4.8 5.1 2.9 2.9 7.8 7.1 10.0 10.8 3.7 6.3 7.5 4.1 1.9 1.6 4.8 5.0 3.0 3.0 7.8 6.8 9.7 10.4 3.7 6.4 7.5 4.2 2.0 1.7 4 .9 4 .9 3 .0 3.1 7 .9 6 .7 9.5 10.0 3.9 6.7 7.7 4 .2 1.9 1.7 5.0 4.8 2.9 3.1 8.0 6.6 9.2 9 .7 3 .9 6 .9 7 .7 4.1 2.0 1.8 5.1 4.7 2.9 2.9 7.9 6.4 9.0 9.5 3.7 6.8 7.7 4.2 2.0 1.8 5.1 4.6 2.9 2.6 7.8 6.3 8.9 9.4 3.6 6.8 7.7 4.2 2.1 1.8 5 .3 4 .6 2.9 2 .7 8.0 6.2 9.1 9.6 3.8 6.9 7.9 4 .3 2.1 1.9 5.4 4.6 3.0 2.6 8.1 6.2 9.4 9.9 3.8 7.0 8.1 G e n e r a l in d u s t r ia l, i n c lu d in g m a t e r ia ls h a n d lin g , e q u ip m e n t 18 7.7 7.5 7.3 7 .3 7.4 7.4 7.4 7.5 7 .6 7.5 7.4 7.5 7 .6 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 8.9 8.5 4.1 1.9 4.7 13.4 15.9 5.6 6.0 8.9 8.1 3.8 1.8 4.5 13.4 1 5.4 5.4 6.0 5.9 6.0 5.3 5.4 47 67 4.7 5.8 5.0 3.4 3.4 3.4 4.2 8.9 7.7 3.6 1.8 4.2 13.3 15.2 5.2 5.8 5.9 5.8 4.9 5.1 4.4 6.6 4.6 5.6 4.8 3.4 3.5 3.4 4.2 8.9 7 .5 3.7 1.8 3.9 13.2 14.9 5.2 5 .8 5.8 5.8 4 .9 5.0 4 .6 6.5 4.6 5.8 4.8 3.5 3 .6 3.5 4 .3 9.0 7.1 3.6 1.7 3.6 12.9 14.9 5.3 5.8 5.5 5.8 4.9 4.9 4.8 6.4 4.6 5.9 4.7 3.7 3.7 3.7 4.4 9.2 6.9 3.5 1.7 3.7 1 2.5 14.6 5.2 5.8 5.1 5.9 5.0 5.1 4.7 6.3 4.6 5.9 4.7 3.8 3.8 3.8 4.4 9.3 6.9 3.6 1.8 4.1 12.3 14.6 5.2 5.9 4.7 6.0 5.1 5.2 4.9 6.2 4.7 5.7 4.7 3.8 3.9 3.8 4.5 9.5 7 .0 3 .7 1.8 4 .7 12.2 14.5 5.3 6.0 4.4 6.2 5.2 5.3 5 .0 6.1 4 .8 5.5 4.7 3.9 4.0 3.8 4.5 9 .7 7 .0 3 .5 1.7 5.0 11.8 14.6 5 .2 5 .9 4.1 6 .2 5.1 5.2 4 .8 6.1 4.8 5 .6 4 .7 3 .8 3 .9 3 .7 4 .5 9.7 6.8 3.4 1.7 5.1 11.1 14.6 5.1 5.9 4.1 6.1 4.8 4.9 4.5 5.8 4.6 5.4 4.7 3.7 3.8 3.6 4.4 9.7 7.0 3.4 1.8 5.4 10.9 14.4 5.1 6.0 4.2 6.2 4.7 4.8 4.3 5.7 4.6 5.1 4.8 3.6 3.9 3.4 4.3 9 .9 7 .3 3 .7 1.8 5 .8 10.4 14.4 5.1 6.2 4 .6 6.4 4 .7 4 .8 4 .3 5.7 4 .7 4 .7 5.0 3.6 4.1 3.4 4.4 10.1 7.4 3 .7 1.7 6.2 10.2 14.6 5.2 6.3 4 .7 6.5 4 .7 4 .8 4 .4 5.7 4.9 4.6 5.2 3.6 4.1 3.4 4 .5 P r iv a te f ix e d a s s e t s E q u ip m e n t a n d s o f tw a r e N o n r e s id e n tia l e q u i p m e n t a n d s o f tw a r e I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t S o ftw a re 1 C o m m u n ic a t io n e q u i p m e n t In s tr u m e n ts P h o t o c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n t in g e q u ip m e n t I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s I n t e r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y E le c t r ic a l t r a n s m is s io n , d is t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O t h e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r f u r n it u r e T ra c to rs F a rm tr a c to r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e in d u s t r y m a c h in e r y E le c t r ic a l e q u i p m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O t h e r n o n r e s id e n t ia l e q u i p m e n t R e s id e n tia l e q u i p m e n t S tr u c tu r e s N o n r e s id e n tia l s tr u c t u r e s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b i le s t r u c t u r e s O th e r c o m m e r c i a l 3 R e lig io u s b u ild in g s E d u c a tio n a l b u ild in g s H o s p it a l a n d in s t it u t io n a l b u ild in g s O th e r H o t e ls a n d m o t e ls A m u s e m e n t a n d r e c r e a t io n a l b u ild in g s O th e r n o n f a r m b u i l d i n g s 4 U t ilit ie s R a ilr o a d T e le c o m m u n ic a t io n s E le c t r ic l ig h t a n d p o w e r G as P e t r o le u m p ip e lin e s F a rm re la te d b u ild in g s a n d s t r u c t u r e s M in in g e x p lo r a t io n , s h a f t s , a n d w e lls P e t r o le u m a n d n a tu r a l g a s O th e r m in in g O th e r n o n f a r m s t r u c t u r e s 5 R e s id e n tia l s tr u c tu r e s H o u s in g u n it s P e r m a n e n t s ite 1 - to - 4 - u n it F a rm N o n fa rm 5 - o r - m o r e - u n it M a n u fa c tu re d h o m e s F a rm N o n fa rm Im p ro v e m e n ts O th e r r e s id e n tia l6 S ee th e s e c tio n "F o o tn o te s to t h e T a b le s ." 5.9 6.1 5.4 5.6 5.0 6.8 4.9 6.0 5.2 3.5 3.6 3.5 4.3 41 6.7 6 .6 6.7 6.7 6 .6 6.5 6.3 6.2 6 .0 5.8 5.7 5.8 5.9 42 24.4 24.1 23.9 23.8 23.6 2 3 .4 23.3 23.1 2 2 .8 2 2 .6 22.7 2 2 .8 22.9 43 23.4 22.9 22.4 2 2 .1 21.9 21.5 21.3 2 1 .1 2 0 .9 2 0 .8 2 1 .0 2 1 .1 2 1 .2 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 17.6 18.5 17.6 14.7 4.7 14.8 16.9 16.1 1 3.6 22.5 15.8 18.7 3 1.3 3 1.4 48.1 15.4 18.6 16.6 28.5 2 7.4 10.6 10.4 13.9 35.4 17.1 17.9 17.3 14.2 4.9 14.3 16.7 16.0 13.1 21.5 15.4 18.6 28.8 3 1.2 4 8.7 15.2 18.7 16.6 2 9.0 27.1 10.7 10.5 13.8 34.7 16.6 17.2 17.1 13.9 5.1 14.0 16.7 15.8 12.8 20.7 15.3 18.6 26.6 30.9 49.2 15.1 1 8.8 16.5 2 9.4 2 6.9 10.9 10.7 13.7 3 3.8 16.4 1 6.7 17.1 1 3.7 5.3 1 3.8 1 6.8 1 5.7 1 2.8 2 0.4 1 5.2 1 8.8 2 5.7 3 0.8 4 9.7 15.1 1 8.6 1 6.4 29.1 2 6.5 11.2 1 1.0 13.7 3 3.2 16.2 16.5 16.9 13.5 5.6 13.6 17.0 15.5 12.6 2 0.4 15.2 19.1 2 5.7 3 0.7 50.2 15.1 18.5 16.2 28.7 26.4 11.4 11.2 13.6 3 2.3 16.0 16.2 16.7 13.3 6.0 13.4 17.3 15.6 12.3 20.4 15.1 19.2 25.8 30.3 50.7 15.0 18.3 16.2 28.9 26.3 11.6 11.4 13.4 31.3 15.9 16.1 16.5 13.2 6.5 13.3 17.6 15.8 12.0 20.5 15.0 19.4 26.2 3 0.0 5 1.2 1 4.7 1 8.2 1 6.3 2 8.9 2 6.2 11.8 11.7 13.1 3 0.0 1 5.9 16.1 1 6.4 13.1 7.0 13.1 18.1 16.1 1 1.7 2 0.6 1 5.0 1 9.6 2 6.5 2 9.8 5 1.7 1 4.4 18.1 16.5 2 8.6 26.1 12.1 12.0 12.9 29.0 1 5.9 1 6.4 16.1 1 3.0 7 .6 1 3.0 18.6 1 6.4 11.5 2 0.5 1 4.6 19.8 27.0 29.4 5 2.2 14.2 17.9 16.7 28.8 2 6.2 12.3 12.3 1 2.7 2 8.3 15.8 16.4 15.9 12.8 8.0 12.9 19.2 16.8 11.5 20.5 14.2 19.8 2 7.9 29.2 52.6 14.0 17.7 16.9 29.0 26.1 12.5 1 2.5 12.5 2 7.8 15.9 16.3 15.8 12.9 8.2 12.9 19.7 17.4 11.5 21.1 14.3 20.1 2 9.6 2 9.9 5 3.0 13.9 1 7.8 17.2 2 8.2 2 5.8 1 2.5 1 2.5 1 2.0 2 7.4 16.1 1 6.3 1 6.0 13.1 8.4 13.2 2 0.3 1 8.0 1 1.7 2 1.7 1 4.8 2 0.4 3 0.7 2 9.6 5 3.5 14.1 17.9 17.7 2 5.8 2 5.5 12.4 12.5 11.4 27.1 16.4 16.4 1 6.3 1 3.5 8.5 13.5 2 0.8 1 8.6 11.9 2 2.3 15.3 2 0.6 3 1.7 29.4 53.8 14.2 18.0 18.2 2 3.0 25.2 12.3 12.4 10.8 26.8 68 25.1 24.9 24.9 24.9 24.8 24.6 24.6 24.4 24.1 23.9 23.8 24.0 24.1 69 70 71 72 73 74 75 76 77 78 79 27.3 27.5 28.4 59.5 26.7 19.3 4.8 5.2 4.8 13.5 18.3 27.1 2 7.2 2 8.3 60.1 2 6.6 18.6 4.7 5.2 4.7 1 3.7 1 7.3 2 7.0 2 7.2 2 8.3 60.6 26.6 18.2 4.7 5.2 4.7 13.8 16.7 2 7.0 2 7.2 2 8.4 6 0.9 2 6.7 18.2 4.7 5.3 4.7 14.0 16.5 26.9 27.1 28.4 61.3 26.7 17.7 4.6 5.1 4.6 14.2 16.6 26.7 2 7.0 2 8.4 6 1.7 2 6.8 17.1 4.5 5.0 4.5 14.4 16.9 2 6.7 2 7.0 2 8.6 6 2.2 27.0 16.6 4.6 5.0 4.5 14.6 17.4 2 6.4 2 6.8 2 8.5 6 2.6 26.9 16.0 4.5 4.8 4.5 14.8 18.1 2 5.9 26.3 28.2 6 2.8 2 6.6 1 5.2 4.4 4 .5 4 .4 15.0 1 8.9 2 5.5 2 5.9 2 8.0 63.1 2 6.4 14.6 4.5 4.3 4.5 15.2 19.7 2 5.5 2 5.9 2 8.0 63.0 26.6 14.6 4.9 4.1 4.9 15.4 20.4 2 5.7 2 6.2 28.2 6 3.3 2 6.7 15.3 5.4 4.4 25.8 26.2 28.0 63.6 26.6 15.9 5.9 4.7 5.9 15.6 2 1.9 5.5 15.5 21.1 Fixed Assets and Consumer Durable Goods in the United States, 1925-97 73 T a b le 2 . 9 . C u r r e n t- C o s t A v e r a g e A g e a t Y e a r e n d o f P r iv a te F ix e d A s s e t s ; E q u ip m e n t, S o f t w a r e , a n d S tr u c tu r e s ; b y T y p e — C o n tin u e d [Y ears] L in e 1977 1979 1978 1980 1981 1982 1984 1983 1985 1986 1987 1988 1989 1 1 9 .6 1 9 .5 1 9 .4 1 9 .3 1 9.2 1 9 .4 1 9 .6 1 9 .6 1 9 .5 1 9.5 1 9 .6 1 9 .5 2 6 .6 6 .5 6 .4 6 .5 6 .5 6 .7 6 .8 6 .8 6.8 6 .8 6 .9 6 .9 7 .0 6 .6 4.2 6 .5 4.0 2 .0 5.1 4.4 3.2 2.4 8.1 6.3 10.1 10.8 3.7 7.1 8.3 2 .2 2 .2 8.1 6.4 10.5 11.2 3.7 7.0 8.3 8.2 6.6 10.9 11.7 3.8 7.0 8.3 6 .8 3.8 1.9 1.9 4.8 4.5 3.7 2.4 8.7 7.3 12.2 1 3.0 4.3 7.6 8.4 6 .8 3.8 1.8 1.9 4 .9 4.5 3 .7 2.4 8.9 7.6 12.5 13.4 4.4 7.8 8.4 6.8 3.9 1.9 1.9 5.0 4.5 3.8 2.4 8.9 7.9 12.8 13.7 4.4 7.9 8.4 6 .9 4.0 1.9 1.9 5.2 4.7 4.0 2.8 9.1 8.5 13.3 14.4 4.4 8.2 8.3 2 .0 2 .0 5.3 4.4 3.1 2.6 8.2 6.2 9.7 10.3 3.7 7.1 8.3 6 .7 3.8 1.9 1.9 4.8 4.4 3.6 2.5 8.5 7.0 11.7 12.6 4.1 2 .0 2 .0 7 6 .5 3.8 1.7 1.9 4.7 4.4 3.5 2.3 8.3 6.8 11.3 12.1 3.8 7.0 8.3 7 .0 4.1 C o m m u n ic a t io n e q u ip m e n t 6 .5 3.8 1.7 1.9 4 .8 4.4 3.5 6 .9 4.1 2 .0 6 .4 3.9 1.8 1.9 4.9 4.3 3.3 6 .8 3.9 S o ftw a re 1 3 4 5 6 1.9 5 .3 ' 4 .7 4 .0 3.2 9.2 8.8 1 3.5 1 4.7 4.4 8.3 8.2 1.9 5 .4 4 .7 4.1 3 .4 9.3 9 .0 13.8 14.8 4 .3 8 .3 8.1 P riv a te fix e d a s s e ts E q u ip m e n t an d s o ftw a re N o n r e s id e n t ia l e q u ip m e n t a n d s o ftw a re I n f o r m a t io n p r o c e s s in g e q u i p m e n t a n d s o f t w a r e C o m p u t e r s a n d p e r ip h e r a l e q u ip m e n t 2 .0 1.9 5.0 4.6 3.9 2.5 9.0 8.2 13.1 14.1 4.3 8.0 8.3 1 9 .6 S p e c ia l i n d u s t r y m a c h in e r y , n .e .c . 8 9 10 11 12 13 14 15 16 17 G e n e r a l i n d u s t r ia l, i n c lu d in g m a te r ia ls h a n d lin g , e q u ip m e n t 18 7.6 7.4 7.3 7.3 7.4 7.5 7.7 7 .8 7.8 7.8 7.9 8 .0 8.1 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 10.2 7.2 3.7 1.7 6.4 10.1 14.7 5.2 6.2 4.9 6.4 4.7 4.8 4.3 5.8 4 .9 4 .5 5.2 3 .6 4.2 3.3 4.5 10.2 7.1 3.5 1.6 6.5 10.0 14.6 5.1 6.1 5.0 6.3 4.7 4.8 4.2 5.9 4.7 4.5 5.2 3.4 4.2 3.2 4.4 10.3 6.9 3.5 1.7 6.4 9.9 14.1 5.1 6.0 5.1 6.1 4.7 4.8 4.3 5.9 4.7 4.6 5.1 3.4 4.3 3.2 4.3 10.4 7.1 3.8 1.9 6.4 9.9 1 3.9 5.2 5.9 5.3 6 .0 4.9 5.0 4.7 6.2 5.0 4.7 5.1 3.5 4 .4 3 .3 4.4 10.5 7.3 4.1 1.9 6.5 9.7 14.3 5.3 5.9 5.4 5.9 5.2 5.2 4.9 6.4 5.2 4.5 5.1 3.6 4.6 3.4 4.5 10.7 7.5 4.3 1.9 6.8 10.0 14.8 5.5 5.8 5.7 5.8 5.6 5.6 5.5 6.9 5.7 4.7 5.1 3.7 5.0 3.5 4.5 10.8 7.6 4.4 1.8 7.1 10.6 15.5 5.8 5.8 5.8 5.8 6.0 5.9 6.0 7.3 6.0 5.2 5.2 3.8 5.3 3.6 4.7 10.9 7.6 4.3 1.6 7.4 1 1.2 1 6.0 5.9 5 .6 5.8 5 .6 6.1 6.1 6.2 7.8 6.1 5.7 5.1 3.8 5.4 3 .5 4 .8 10.9 7.5 4.1 1.5 7.7 11.9 16.5 5.9 5.6 5.9 5.5 6.4 6.4 6.3 8.2 6.1 6.2 4.9 3.8 5.5 3.5 4.9 11.0 7.4 4.1 1.6 7.8 12.5 17.1 6.0 5.5 5.9 5.5 6.6 6.6 6.4 8.6 6.2 6.8 4.9 3.8 5.5 3.6 4.9 11.1 7.5 4.1 1.7 7.8 13.1 17.7 6.1 5.5 5.9 5.5 6.7 6.8 6.4 8.9 6.3 7.5 4.8 3.9 5.6 3.7 4.9 1 1.2 7.5 4.2 1.7 7.8 13.6 18.1 6.1 5.5 6 .0 5 .5 6 .7 6 .8 6.5 9 .0 6.4 8.0 4.8 4.0 5.6 3.8 4.9 11.3 7 .7 4 .2 1 .7 8.1 14.2 18.3 6 .0 5 .5 6.1 5 .5 6 .6 6 .8 6 .2 8 .9 6.4 8.3 4 .9 4 .0 5 .7 3 .8 4 .9 In s t r u m e n t s P h o t o c o p y a n d re la te d e q u ip m e n t O ffic e a n d a c c o u n t in g e q u ip m e n t I n d u s t r ia l e q u ip m e n t F a b r ic a te d m e ta l p r o d u c t s E n g in e s a n d t u r b in e s S te a m e n g in e s In te r n a l c o m b u s t io n e n g in e s M e t a lw o r k in g m a c h in e r y E le c t r ic a l t r a n s m is s io n , d i s t r ib u t io n , a n d in d u s t r ia l a p p a r a tu s T r a n s p o r t a t io n e q u ip m e n t T r u c k s , b u s e s , a n d t r u c k t r a ile r s A u to s A ir c r a f t S h ip s a n d b o a t s R a ilr o a d e q u ip m e n t O t h e r e q u ip m e n t F u r n it u r e a n d f ix t u r e s H o u s e h o ld f u r n it u r e O t h e r fu r n it u r e T r a c to r s F a rm t r a c t o r s C o n s t r u c t io n t r a c t o r s A g r ic u lt u r a l m a c h in e r y , e x c e p t t r a c t o r s C o n s t r u c t io n m a c h in e r y , e x c e p t t r a c t o r s M in in g a n d o ilf ie ld m a c h in e r y S e r v ic e i n d u s t r y m a c h in e r y E le c t r ic a l e q u ip m e n t , n .e .c . H o u s e h o ld a p p lia n c e s O th e r O t h e r n o n r e s id e n t ia l e q u ip m e n t R e s id e n t ia l e q u ip m e n t S tru ctu res N o n r e s id e n t ia l s tru c tu re s N o n r e s id e n t ia l b u ild in g s , e x c lu d in g f a r m I n d u s t r ia l b u ild in g s O ffic e b u i l d i n g s 2 C o m m e r c ia l b u ild in g s M o b ile s t r u c t u r e s O th e r