Sec. 32.3300  Accumulated depreciation--nonoperating.

    (a) This account shall include the accumulated amortization and 
depreciation associated with the investment contained in Account 2006, 
Nonoperating Plant.
    (b) This account shall be credited with amortization and 
depreciation amounts concurrently charged to Account 7360, Other 
Nonoperating Income.
    (c) When nonoperating plant not previously used in 
telecommunications service is disposed of, this account shall be charged 
with the amount previously credited hereto with respect to such property 
and the book cost of the property so retired less the amount chargeable 
to this account and less the value of the salvage recovered or the 
proceeds from the sale of the property shall be included in Account 
7350, Gains or Losses on Disposition of Certain Property. In case the 
property had been used in telecommunications service previous to its 
inclusion in Account 2006, Nonoperating Plant, the amount accrued for 
depreciation thereon after its retirement from telecommunications 
service shall be charged to this account and credited to Account 3100, 
Accumulated Depreciation, and the accounting for its retirement from 
Account 2006 shall be in accordance with that applicable to 
telecommunications plant retired.
[ 51 FR 43499 , Dec. 2, 1986, as amended at  59 FR 46930 , Sept. 13, 1994]