Sec.  32.3300   Accumulated depreciation—nonoperating.

   (a) This account shall include the accumulated amortization and depreciation
   associated with the investment contained in Account 2006, Nonoperating
   Plant.

   (b)  This account shall be credited with amortization and depreciation
   amounts  concurrently charged to Account 7300, Nonoperating income and
   expense.

   (c)  When nonoperating plant not previously used in telecommunications
   service  is disposed of, this account shall be charged with the amount
   previously credited hereto with respect to such property and the book cost
   of the property so retired less the amount chargeable to this account and
   less the value of the salvage recovered or the proceeds from the sale of the
   property shall be included in Account 7300, Nonoperating income and expense.
   In case the property had been used in telecommunications service previous to
   its inclusion in Account 2006, Nonoperating Plant, the amount accrued for
   depreciation thereon after its retirement from telecommunications service
   shall be charged to this account and credited to Account 3100, Accumulated
   depreciation, and the accounting for its retirement from Account 2006 shall
   be in accordance with that applicable to telecommunications plant retired.

   [ 51 FR 43499 , Dec. 2, 1986, as amended at  59 FR 46930 , Sept. 13, 1994;  67 FR 5688 , Feb. 6, 2002]