Sec.  32.3400   Accumulated amortization—tangible.

   (a) This account shall be used by Class B companies and shall include:

   (1) the accumulated amortization associated with the investment contained in
   Account 2681, Capital leases.

   (2) the accumulated amortization associated with the investment contained in
   Account 2682, Leasehold improvements.

   (b) This account shall be credited with amounts for the amortization of
   capital leases and leasehold improvements concurrently charged to Account
   6563, Amortization expense—tangible. (Note also Account 3300, Accumulated
   depreciation—nonoperating.)

   (c)  When any item carried in Account 2681 or Account 2682 is sold, is
   relinquished, or is otherwise retired from service, this account shall be
   charged with the cost of the retired item. Remaining amounts associated with
   the  item shall be debited to Account 7100, Other operating income and
   expenses, or Account 7300, Nonoperating income and expense, as appropriate.

   [ 69 FR 53649 , Sept. 2, 2004]