Goto Section: 32.2110 | 32.2112 | Table of Contents
FCC 32.2111
Revised as of October 1, 2013
Goto Year:2012 |
2014
§ 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]
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Goto Section: 32.2110 | 32.2112
Goto Year: 2012 |
2014
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