[Code of Federal Regulations]
[Title 47, Volume 2]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 47CFR32.2003]

[Page 416-417]
 
                       TITLE 47--TELECOMMUNICATION
 
                    CHAPTER I--FEDERAL COMMUNICATIONS
                         COMMISSION (CONTINUED)
 
PART 32--UNIFORM SYSTEM OF ACCOUNTS FOR TELECOMMUNICATIONS COMPANIES--Table of Contents
 
           Subpart C--Instructions for Balance Sheet Accounts
 
Sec. 32.2003  Telecommunications plant under construction.

    (a) This account shall include the original cost of construction 
projects (note also Sec. 32.2000(c)) of this part and the cost of 
software development projects that are not yet ready for their intended 
use.
    (b) There may be charged directly to the appropriate plant accounts 
the cost of any construction project which is estimated to be completed 
and ready for service within two months from the date on which the 
project was begun. There may also be charged directly to the plant 
accounts the cost of any construction project for which the gross 
additions to plant are estimated to amount to less than $100,000.
    (c) If a construction project has been suspended for six months or 
more, the cost of the project included in this account may remain in 
this account so long as the carrier excludes the original cost and 
associated depreciation from its ratebase and ratemaking considerations 
and reports those amounts in reports filed with the Commission

[[Page 417]]

pursuant to Secs. 43.21(e)(1) and 43.21(e)(2) of this chapter. If a 
project is abandoned, the cost included in this account shall be charged 
to Account 7300, Nonoperating income and expense.
    (d) When any telecommunications plant, the cost of which has been 
included in this account, is completed ready for service, the cost 
thereof shall be credited to this account and charged to the appropriate 
telecommunications plant or other accounts.

[51 FR 43499, Dec. 2, 1986, as amended at 60 FR 12138, Mar. 6, 1995; 64 
FR 50007, Sept. 15, 1999; 65 FR 16335, Mar. 28, 2000; 67 FR 5685, Feb. 
6, 2002]