16 CRR-NY 544.5NY-CRR
16 CRR-NY 544.5
16 CRR-NY 544.5
544.5 Certain records required
(a) Each corporation affected by this Part shall keep such records of property and property retirements as will reflect, so far as practicable, the service life of all property retired, and will permit the determination of the age of all existing property; and also such records as will reflect the salvage and cost of removal of property retired from each account including property used wholly or partly in water operations.
(b) Each such corporation shall also maintain such records supporting its books of account as are necessary to show the reserves accumulated to provide for depreciation or ultimate retirement of its property used wholly or partly in water operations, separately for each operating property or fixed capital account.
16 CRR-NY 544.5
Current through February 28, 2023
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.