Sec. 32.2424  Submarine cable.

    (a) This account shall include the original cost of submarine cable 
and other material used in the construction of such plant. Subsidiary 
record categories, as defined below, are to be

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maintained for nonmetallic submarine cable and metallic submarine cable.
    (1) Nonmetallic cable. This subsidiary record category shall include 
the original cost of optical fiber cable and other associated material 
used in constructing a physical path for the transmission of 
telecommunications signals.
    (2) Metallic cable. This subsidiary record category shall include 
the original cost of single or paired conductor cable, wire and other 
associated material used in constructing a physical path for the 
transmission of telecommunications signals.
    (b) The cost of permits and privileges for the constructon of cable 
and wire facilities shall be included in the account chargeable with 
such construction.