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 3 - Classes 1 and 2 › Part 683 - General Provisions › Section 683.1 - Definitions

Current through Register Vol. 46, No. 28, July 10, 2024
(a) When used in
					 this system of accounts, unless otherwise indicated:
(1) Accounts or these accounts means the
					 accounts prescribed in this system of accounts.
(2) Amortization means the gradual
					 extinguishment of an amount in an account by prorating such amount over a fixed
					 period, over the life of the asset or liability to which it applies, or over
					 the period during which it is anticipated the benefit will be
					 realized.
(3) Commission means the
					 Public Service Commission of the State of New York.
(4) Control (including the terms controlling,
					 controlled by, and under common control with) means the possession, directly or
					 indirectly of the power to direct or cause the direction of the management and
					 policies of a company, whether such power is exercised through one or more
					 intermediary companies, or alone, or in conjunction with, or pursuant to an
					 agreement with, one or more other companies, and whether such power is
					 established through a majority or minority ownership or voting of securities,
					 common directors, officers, or stockholders, voting trusts, holding trusts,
					 affiliated companies, contract, or any other direct or indirect
					 means.
(5) Cost means the amount of
					 money actually paid (or the current market value of any consideration other
					 than money given) for property or services.
(6) Cost of removal means the cost of
					 demolishing, dismantling, removing, tearing down, or otherwise disposing of
					 radio-telephone utility plant and recovering the salvage.
(7) Delayed items means items relating to
					 transactions which occurred before the current calendar year. It includes
					 adjustments of errors in income, operating revenue, and operating expense
					 accounts of prior years.
(8)
					 Depreciation, as applied to depreciable radio-telephone utility plant, means
					 the loss of service value not restored by current maintenance caused by factors
					 such as wear and tear, decay, action of the elements, inadequacy, obsolescence,
					 changes in the art, changes in demand and requirements of public authorities.
					 In connection with this definition, note section
					 684.1  of
					 this Title.
(9) Extraordinary items
					 means items relating to transactions occurring during the current calendar year
					 of such a nature that they are not a part of the regular operating performance
					 of the utility. Accordingly, there will be events and transactions of
					 significant effect which would not be expected to recur frequently and which
					 would distort income if reported other than as extraordinary.
(10) Interconnecting telephone company means
					 any telephone corporation (as that term is defined in the Public Service Law)
					 operating a conventional landline telephone system to which the radio-telephone
					 utility has access through means of automatic or manual connection.
(11) Net salvage value means the salvage
					 value of the property retired, after deducting the cost of removal.
(12) Original cost, as applied to
					 radio-telephone utility plant, means the actual installed cost (or the current
					 money value of other consideration other than money) of property in dollars at
					 the time when it was first dedicated to the public use, whether by the
					 accounting company or by predecessors.
(13) Plant retired means plant which has been
					 removed, sold, abandoned, destroyed or otherwise withdrawn from radio-telephone
					 utility service.
(14) Property unit
					 means complete or identifiable items of radio-telephone utility equipment such
					 as a console, a transmitter, a receiver, an antenna, or other complete and
					 distinct units of property, the original cost of which is included in the plant
					 accounts as separate or distinguishable amounts. When these units are retired
					 with or without replacement, they are accounted for by crediting the original
					 cost of the equipment to the plant account in which they are include, with a
					 contra charge to the appropriate accumulated depreciation account.
(15) Radio-telephone utility plant means
					 either intangible or physical property used in radio-telephone utility service,
					 the original cost of which qualifies for inclusion in balance sheet asset
					 account 100, Radio-telephone Plant in Service, or account 101, Radio-telephone
					 Plant Under Construction.
(16)
					 Salvage value means the amount received for property retired, less any expenses
					 incurred in connection with the sale or in preparing the property for sale; or
					 if retained, the amount at which the material recoverable is chargeable to
					 account 114, Equipment and Supplies on Hand--Radio-telephone.
(17) Service life means the period between
					 the date when radio-telephone utility plant is installed and the date of its
					 retirement.
(18) Service value
					 means the difference between the original cost and the net salvage value of
					 radio-telephone utility plant.