New Mexico Administrative Code
Title 17 - PUBLIC UTILITIES AND UTILITY SERVICES
Chapter 3 - UTILITIES FINANCIAL ACCOUNTING AND REPORTING-GENERAL PROVISIONS
Part 340 - AUTHORIZATION OF DEPRECIATION PRACTICES TO BE OBSERVED BY PUBLIC UTILITIES
Section 17.3.340.9 - CONCEPT OF DEPRECIATION
Universal Citation: 17 NM Admin Code 17.3.340.9
Current through Register Vol. 35, No. 18, September 24, 2024
Depreciation as conceived by NMPSC Rule 340 [17.3.340 NMAC] is the process by which an equitable method of accounting will permit the recovery of the original cost less net salvage over the service life of a depreciable asset.
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