Nevada Administrative Code › Chapter 706 - Motor Carriers › UNIFORM SYSTEM OF ACCOUNTS FOR TAXICAB COMPANIES › Accounts › Section 706.822 - Accounts for shop and garage expense

Current through June 11, 2024
The following accounts must be used by each
			 company maintaining a shop or facilities for the repair and maintenance of
			 company taxicabs:
1. The account for
			 supervisors' salaries (shop and garage) includes the salaries incurred in the
			 supervision and direction of shop and garage activities.
2. The account for wages (shop and garage)
			 includes the salaries and wages of shop and garage employees for the repair of
			 company taxicabs and facilities, except for the salaries and wages of shop and
			 garage supervisors which are included in the account described in subsection
			 1.
3. The account for vacation pay
			 (shop and garage) includes all vacation pay paid to shop and garage personnel,
			 both supervisors and nonsupervisors.
4. The account for payroll taxes (shop and
			 garage) includes all payroll taxes of shop employees, both supervisors and
			 nonsupervisors, including, but not limited to, FICA, FUTA, NUC and
			 SIIS.
5. The account for payroll
			 benefits (shop and garage) includes the costs incurred by the company for
			 welfare and pension benefits of all its shop and garage employees.
6. The account for contract services (shop
			 and garage) includes all costs incurred as a result of utilizing outside
			 labor.
7. The account for
			 depreciation (shop and garage equipment) includes the amount of depreciation
			 applicable to all shop and garage equipment included in the account for shop
			 and garage equipment described in NAC 706.732. This account also includes
			 depreciation applicable to the account for other automotive equipment described
			 in NAC 706.741, when such cars are used exclusively in connection with shop
			 work.
8. The account for
			 depreciation (fuel conversion plant) includes depreciation applicable to the
			 use of any fuel conversion plant as included in the account for fuel conversion
			 plants described in NAC 706.753.
9.
			 The account for equipment rental (shop and garage) includes costs incurred by
			 the company in the rental or leasing of shop and garage equipment used and
			 useful to the company. This account must be maintained in such manner as will
			 permit ready identification, analysis and verification of all facts relevant to
			 each item rented or leased, the costs of which have been included.
10. The insurance account for shop and garage
			 includes the cost of insurance specifically for the coverage of shop and garage
			 facilities.
11. The account for
			 repairs and maintenance of shop and garage equipment includes all costs
			 incurred in the maintenance and repair of shop and garage equipment and tools,
			 other than internal labor costs included in the accounts described in
			 subsections 1 and 2. This account also includes the costs incurred in the
			 maintenance and repair of automotive equipment, other than taxicabs when that
			 equipment is used exclusively in connection with shop work. This account also
			 includes the cost of hand or portable tools which are easily lost or stolen,
			 which have a value of $100 or less, or have a short life.
12. The account for miscellaneous shop and
			 garage expenses includes shop and garage costs not provided for in any of the
			 foregoing accounts such as uniform charges, laundry, cleaning rags and solvent
			 for washing parts. This account must be maintained in such manner as will
			 permit ready identification, analysis and verification of all facts relevant to
			 each class of items included. Appropriate subaccounts may be employed for this
			 purpose.
13. The telephone account
			 includes telephone expense applicable or attributable to maintaining shop and
			 garage facilities.
14. The account
			 for transferred internal costs (shop and garage) includes the internal costs
			 transferred from the various other functional divisions to shop and garage
			 expense. Costs transferred to this account must be either actual or on a
			 percentage basis provided such percentage is arrived at through periodic
			 special studies. The use of arbitrary percentages or amounts transferred to
			 this account is not permitted.
Taxicab Auth., Uniform System of
			 Accounts Reg. §§ 701-795, eff. 12-24-70; A 11-16-79-NAC A
			 10-13-88
NRS
			 706.8818,
			 706.8829