Goto Section: 32.2003 | 32.2006 | Table of Contents
Revised as of October 1, 2020
Goto Year:2019 |
§ 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
(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]
Goto Section: 32.2003 | 32.2006
Goto Year: 2019 |
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