Uniform System of Accounts for Telephone Companies As Prescribed By the Interst
Uniform System of Accounts for Telephone Companies As Prescribed By the Interst
United States Interstate Commerce Commission
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Land. This accoimt should include the cost of all land and interests in land, other than right of way, acquired for use in the opera- tion of the telephone plant, such as land occupied by general and central offices, shops, stables, garages, storehouses, etc. It includes the cost of examination and registration of title, con- veyancer's and notary's fees, purchasing agent's commissions or proportion of purchasing agent's salary, taxes accrued to date of transfer of title, and all liens upon the... title, when such costs are assumed or paid by the purchaser in his own behalf; cost of assessments for public improvements which add to the value of the lands but which are not the property of the accounting company; cost of grading land when not done in connection with buildings; and costs of obtaining consents and payments for abutting damages and expenses of condemnation jDroceedings. This account should also include the first cost of acquiring leaseholds of land, other than for right of way, the terms of which are more than one year each, whether acquired through direct lease, assignment, or otherwise (but not including the rents paid periodically in consideration of rights obtained under such leases).
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