§  32.2002   Property held for future telecommunications use.

   (a) This account shall include the original cost of property owned and
   held for no longer than two years under a definite plan for use in
   telecommunications service. If at the end of two years the property is
   not in service, the original cost of the property may remain in this
   account so long as the carrier excludes the original cost and
   associated depreciation from its ratebase and ratemaking considerations
   and report those amounts in reports filed with the Commission pursuant
   to 43.21(e)(1) and 43.21(e)(2) of this chapter.

   (b) Subsidiary records shall be maintained to show the character of the
   amounts carried in this account.

   [ 65 FR 16334 , Mar. 28, 2000]