New York Codes, Rules and Regulations › Title 16 - DEPARTMENT OF PUBLIC SERVICE › Chapter VI - TELEPHONE AND TELEGRAPH CORPORATIONS › Subchapter E - Uniform Systems Of Accounts › Article 1 - Telephone Corporations › Part 663 - Instructions-telecommunications Plant Accounts › Section 663.1 - Purpose of telecommunications plant accounts

Current through Register Vol. 46, No. 28, July 10, 2024
(a) The telecommunications plant accounts
					 (2001 to 2007 inclusive) are designed to show the investment in the company's
					 tangible and intangible telecommunications plant which ordinarily has a service
					 life of more than one year, including such plant whether used by the company or
					 others in providing telecommunications service.
(b) The telecommunications plant accounts
					 shall not include the cost or other value of telecommunications plant
					 contributed to the company. Contributions in the form of money or its
					 equivalent toward the construction of telecommunications plant shall be
					 credited to the accounts charged with the cost of such construction. Amounts of
					 nonrecurring reimbursements based on the cost of plant or equipment furnished
					 in rendering service to a customer shall be credited to the accounts charged
					 with the cost of the plant or equipment. Amounts of initial charges based on
					 the estimated cost of removal of such plant or equipment shall be credited to
					 account 3100, Accumulated Depreciation. Amounts received for construction which
					 are ultimately to be repaid wholly or in part, shall be credited to account
					 4360, Other Deferred Credits; when final determination has been made as to the
					 amount to be returned, any unrefunded amounts shall be credited to the accounts
					 charged with the cost of such construction. Amounts received for the
					 construction of plant, the ownership of which rests with or will revert to
					 others, shall be credited to the accounts charged with the cost of such
					 construction. (Note also account 7110, Income from Custom Work.)
(c) When telecommunications plant ordinarily
					 having a service life of more than one year is installed for temporary use in
					 providing telecommunications service, it shall be accounted for in the same
					 manner as plant having a service life of more than one year. This includes
					 temporary installations of plant (such as poles, wire and cable) installed to
					 maintain service during the progress of highway reconstruction or during
					 interruptions due to storms or other casualties, equipment used for the
					 training of operators, equipment used to provide intercepting positions in
					 central offices to handle traffic for a short period following extensive system
					 changes and similar installations of property used to provide
					 telecommunications service.
(d) The
					 cost of individual items of equipment, classifiable to accounts 2112, Motor
					 Vehicles; 2113, Aircraft; 2114, Special Purpose Vehicles; 2115, Garage Work
					 Equipment; 2116, Other Work Equipment; 2122, Furniture; 2123, Office Equipment;
					 and 2124, General Purpose Computers, costing $2,000 or less or having a life
					 less than one year may be charged to the applicable Plant Specific Operations
					 Expense Accounts, except for personal computers falling within account 2124.
					 Personal computers classifiable to account 2124, with a total cost for all
					 components, including initial operating software, of $500 or less shall be
					 charged to the applicable plant specific operations expense accounts. If the
					 aggregate investment in the items is relatively large at the time of
					 acquisition, such amounts shall be maintained in an applicable material and
					 supplies account until the items are used.
(e) The ledgers containing the primary
					 telephone plant accounts and subdivisions thereof shall be kept so as to show
					 on their face (1) additions, (2) retirements, and (3) transfers and
					 adjustments. Corrections of errors, and adjustments to additions or retirements
					 in the current or preceding year, shall be classified as additions or
					 retirements.