§ 32.2682 - Leasehold improvements.

§ 32.2682 Leasehold improvements.

Cross Reference

Link to an amendment published at 84 FR 4730, Feb. 19, 2019.

(a) This account shall include the original cost of leasehold improvements made to telecommunications plant held under a capital finance or operating lease, which are subject to amortization treatment. This account shall also include those improvements which will revert to the lessor.

(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.

[51 FR 43499, Dec. 2, 1986, as amended at 67 FR 5687, Feb. 6, 2002; 69 FR 53649, Sept. 2, 2004; 82 FR 20841, May 4, 2017; 84 FR 4730, Feb. 19, 2019]