Sec. 32.3100  Accumulated depreciation.

    (a) This account shall include the accumulated depreciation 
associated with the investment contained in Account 2001, 
Telecommunications Plant in Service.
    (b) This account shall be credited with depreciation amounts 
concurrently charged to Account 6561, Depreciation Expense--
Telecommunications Plant in Service. (Note also Account 3300, 
Accumulated Depreciation--Nonoperating.)
    (c) At the time of retirement of depreciable operating 
telecommunications plant, this account shall be charged with the 
original cost of the property retired plus the cost of removal and 
credited with the salvage value and any insurance proceeds recovered.
    (d) This account shall be credited with amounts charged to Account 
1438, Deferred Maintenance and Retirements, as provided in 
Sec. 32.2000(g)(4) of this subpart. This account shall be credited with 
amounts charged to Account 6561 with respect to other than relatively 
minor losses in service values suffered through terminations of service 
when charges for such terminations are made to recover the losses.