US Laws, Codes, Statutes & Cases

     237.22 Depreciation; amortization. 

    (a) For purposes of a proceeding to determine or 
 investigate any wholesale or retail rate, or to set any 
 universal service support level, the commission may fix proper 
 and adequate rates and methods of depreciation and amortization 
 with respect to a telephone company's property. 

    (b) All telephone companies shall retain data in sufficient 
 detail for the purpose of determining depreciation accruals and 
 reserves by depreciable telephone plant account.  Depreciable 
 plant accounts are those specified by the Federal Communications 
 Commission for the class to which a telephone company belongs.  
 All telephone companies shall maintain, and have available for 
 inspection by the commission upon request, adequate accounts and 
 records related to depreciation practices as defined herein. 

    HIST: (5305) 1915 c 152 s 19; 1971 c 25 s 67; 1977 c 364 s 10; 
 1980 c 614 s 123; 1987 c 340 s 24; 2000 c 436 s 2 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.