Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 605 - WATER CARRIERS
Subchapter 6 - FINANCIAL AND STATISTICAL REPORTING
Section 16-605-64 - Depreciation
Universal Citation: HI Admin Rules 16-605-64
Current through August, 2024
In computing depreciation for book purposes, a water carrier shall employ the straight-line method. The service lives of equipment, salvage value, type, class of service, and all other pertinent factors must follow the commission's guidelines, or, if no commission guidelines are available, the Internal Revenue Service's depreciation guidelines.
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