FCC 32.2682 Revised as of December 4, 2012
Goto Year:2011 |
§ 32.2682 Leasehold improvements.
(a) This account shall include the original cost of leasehold
improvements made to telecommunications plant held under a capital or
operating lease, which are subject to amortization treatment. This
account shall also include those improvements which will revert to the
(b) Improvements to leased telecommunications plant which are of a
relatively minor cost or short life or for which the period of the
lease is one year or less shall be charged to the account chargeable
with the cost of repairs to such plant.
(c) Amounts contained in this account shall be amortized over the term
of the related lease. For Class A companies, except mid-sized incumbent
local exchange carriers, the amortization associated with the costs
recorded in the Leasehold improvement account will be credited directly
to this asset account, leaving a balance representing the unamortized
[ 51 FR 43499 , Dec. 2, 1986, as amended at 67 FR 5687 , Feb. 6, 2002; 69 FR 53649 , Sept. 2, 2004]
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