Goto Section: 32.2110 | 32.2112 | Table of Contents
FCC 32.2111
Revised as of October 1, 2008
Goto Year:2007 |
2009
Sec. 32.2111 Land.
(a) This account shall include the original cost of all land held in fee and
of easements, and similar rights in land having a term of more than one year
used for purposes other than the location of outside plant (see Accounts
2411 through 2441) or externally mounted central office equipment (see
Accounts 2211 and 2212). It shall also include special assessments upon land
for the construction of public improvements.
(b) When land, together with buildings thereon, is acquired, the original
cost shall be fairly apportioned between the land and the buildings and
accounted for accordingly. If the plan of acquisition contemplates the
removal of buildings, the total cost of the land and buildings shall be
accounted for as the cost of the land, and the salvage value of the
buildings when disposed of shall be deducted from the cost of the land so
determined.
(c) Annual or more frequent payments for use of land shall be recorded in
the rent subsidiary record category for Account 6121, Land and Building
Expense.
(d) When land is acquired for which there is not a definite plan for its use
in telecommunications service, its costs shall be included in Account 2006,
Nonoperating Plant.
(e) When land is acquired in excess of that required for telecommunications
purposes, the cost of such excess land shall be included in Account 2006.
(f) Installments of assessments for public improvement, including interest,
if any, which are deferred without option to the company shall be included
in this account only as they become due and payable. Interest on assessments
which are not paid when due shall be included in Account 7500, Interest and
related items.
(g) When land is purchased for immediate use in a construction project, its
cost shall be included in Account 2003, Telecommunications plant under
construction, until such time as the project involved is completed and ready
for service.
(h) The original cost of leaseholds, easements, rights of way, and similar
rights in land having a term of more than one year and not includable in
Account 2111 shall be included in the accounts for outside plant or
externally mounted central office equipment in connection with which the
rights were acquired.
[ 51 FR 43499 , Dec. 2, 1986, as amended at 67 FR 5686 , Feb. 6, 2002]
Goto Section: 32.2110 | 32.2112
Goto Year: 2007 |
2009
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