Sec. 32.3410  Accumulated amortization--capitalized leases.

    (a) This account shall include the accumulated amortization 
associated with the investment contained in Account 2681, Capital 
Leases.
    (b) This account shall be credited with amounts for the amortization 
of capital leases concurrently charged to Account 6563, Amortization 
Expense--Tangible. (Note also Account 3300, Accumulated Depreciation--
Nonoperating.)
    (c) When any item carried in Account 2681 is sold, is relinquished, 
or is otherwise retired from service, this account shall be charged with 
the cost of the retired item. Remaining amounts associated with the item 
shall be debited to Account 7160, Other Operating Gains and Losses, or 
Account 7360, Other Nonoperating Income, as appropriate.