[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: 47CFR32.2111]

[Page 418]
 
                       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. 32.2111  Land.

    (a) This account shall include the original cost of all land held in 
fee and of easements, and similar rights in land having a term of more 
than one year used for purposes other than the location of outside plant 
(see Accounts 2411 through 2441) or externally mounted central office 
equipment (see Accounts 2211 and 2212). It shall also include special 
assessments upon land for the construction of public improvements.
    (b) When land, together with buildings thereon, is acquired, the 
original cost shall be fairly apportioned between the land and the 
buildings and accounted for accordingly. If the plan of acquisition 
contemplates the removal of buildings, the total cost of the land and 
buildings shall be accounted for as the cost of the land, and the 
salvage value of the buildings when disposed of shall be deducted from 
the cost of the land so determined.
    (c) Annual or more frequent payments for use of land shall be 
recorded in the rent subsidiary record category for Account 6121, Land 
and Building Expense.
    (d) When land is acquired for which there is not a definite plan for 
its use in telecommunications service, its costs shall be included in 
Account 2006, Nonoperating Plant.
    (e) When land is acquired in excess of that required for 
telecommunications purposes, the cost of such excess land shall be 
included in Account 2006.
    (f) Installments of assessments for public improvement, including 
interest, if any, which are deferred without option to the company shall 
be included in this account only as they become due and payable. 
Interest on assessments which are not paid when due shall be included in 
Account 7500, Interest and related items.
    (g) When land is purchased for immediate use in a construction 
project, its cost shall be included in Account 2003, Telecommunications 
plant under construction, until such time as the project involved is 
completed and ready for service.
    (h) The original cost of leaseholds, easements, rights of way, and 
similar rights in land having a term of more than one year and not 
includable in Account 2111 shall be included in the accounts for outside 
plant or externally mounted central office equipment in connection with 
which the rights were acquired.

[51 FR 43499, Dec. 2, 1986, as amended at 67 FR 5686, Feb. 6, 2002]