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, retirements, and other deferred charges, 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.

    51 FR 43499 , Dec. 2, 1986, as amended at  67 FR 5687 , Feb. 6, 2002;  69 FR 53649 , Sept. 2, 2004]