Sec. 32.1439  Deferred charges.

    (a) This account shall include all deferred charges not provided for 
in Accounts 1438, Deferred Maintenance and Retirements, and 1500, Other 
Jurisdictional Assets--Net. Such charges include unaudited amounts and 
other debit balances in suspense that cannot be cleared and disposed of 
until additional information is received; the amount, pending 
determination of loss, of funds on deposit with banks which have failed; 
revenue, expense, and income items held in suspense; amounts paid for 
options pending final disposition.
    (b) This account shall include the cost of preliminary surveys, 
plans, investigation, etc., made for construction projects under 
contemplation. If the projects are carried out, the preliminary costs 
shall be included in the cost of the plant constructed. If the projects 
are abandoned, the preliminary costs shall be charged to Account 7370, 
Special Charges.
    (c) This account shall include also the cost of evaluations, 
inventories, and appraisals taken in connection with the acquisition or 
sale of property. If the property is subsequently acquired, the 
preliminary costs shall be accounted for as a part of the cost of 
acquisition, or if it is sold, such costs shall be deducted from the 
sale price in accounting for the property sold. If purchases or sales 
are abandoned, the preliminary costs included herein (including options 
paid, if any) shall be charged to Account 7370.