[Code of Federal Regulations]
[Title 47, Volume 2]
[Revised as of October 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 47CFR32.2002]

[Page 416]
 
                       TITLE 47--TELECOMMUNICATION
 
        CHAPTER I--FEDERAL COMMUNICATIONS COMMISSION (CONTINUED)
 
PART 32_UNIFORM SYSTEM OF ACCOUNTS FOR TELECOMMUNICATIONS COMPANIES--Table of 
 
            Subpart C_Instructions for Balance Sheet Accounts
 
Sec. 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]