Sec. 32.2425  Deep sea cable.

    (a) This account includes the original cost of deep sea cable and 
other material used in the construction of such plant. Subsidiary record 
categories, as defined below, are to be maintained for nonmetallic deep 
sea cable and metallic deep sea 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 subisidary 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 construction of cable 
and wire facilities shall be included in the account chargeable with 
such construction.