Goto Section: 32.2003 | 32.2006 | Table of Contents
FCC 32.2005
Revised as of October 2, 2015
Goto Year:2014 |
2016
§ 32.2005 Telecommunications plant adjustment.
(a) This account shall include amounts determined in accordance with
§ 32.2000(b) of this subpart representing the difference between (1) the fair
market value of the telecommunications plant acquired, plus preliminary
expenses incurred in connection with the acquisition; and (2) the original
cost of such plant, governmental franchises and similar rights acquired,
less the amounts of reserve requirements for depreciation and amortization
of the property acquired. If the actual original cost is not known, the
entries in this account shall be based upon an estimate of such costs.
(b) The amounts recorded in this account with respect to each property
acquisition (except land and artworks) shall be disposed of, written off, or
provision shall be made for the amortization thereof, as follows:
(1) Debit amounts may be charged in whole or in part, or amortized over a
reasonable period through charges to Account 7300, Nonoperating income and
expense, without further direction or approval by this Commission. When
specifically approved by this Commission, or when the provisions of
paragraph (b)(3) of this section apply, debit amounts shall be amortized to
Account 6565, Amortization expense—other.
(2) Credit amounts shall be disposed of in such manner as this Commission
may approve or direct, except for credit amounts referred to in paragraph
(b)(4) of this section.
(3) The amortization associated with the costs recorded in the
Telecommunications plant adjustment account will be charged or credited, as
appropriate, directly to this asset account, leaving a balance representing
the unamortized cost.
(4) Within one year from the date of inclusion in this account of a debit or
credit amount with respect to a current acquisition, the company may dispose
of the total amount from an acquisition of telephone plant by a lump-sum
charge or credit, as appropriate, to Account 6565 without further approval
of this Commission, provided that such amount does not exceed $100,000 and
that the plant was not acquired from an affiliated company.
[ 51 FR 43499 , Dec. 2, 1986, as amended at 67 FR 5685 , Feb. 6, 2002; 69 FR 53648 , Sept. 2, 2004]
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Goto Section: 32.2003 | 32.2006
Goto Year: 2014 |
2016
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