Goto Section: 32.4320 | 32.4340 | Table of Contents
Revised as of September 1, 2021
Goto Year:2020 |
§ 32.4330 Unamortized nonoperating investment tax credits—net.
(a) This account shall be credited and Account 7400, Nonoperating
Taxes, shall be debited with investment tax credits generated from
qualified expenditures related to other operations which the company
has elected to defer rather than recognize currently in income.
(b) This account shall be debited and Account 7400 credited with a
proportionate amount determined in relation to the useful book life of
the property to which the tax credit relates.
[ 67 FR 5690 , Feb. 6, 2002]
Goto Section: 32.4320 | 32.4340
Goto Year: 2020 |
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