Oregon Administrative Rules
Chapter 411 - DEPARTMENT OF HUMAN SERVICES, AGING AND PEOPLE WITH DISABILITIES AND DEVELOPMENTAL DISABILITIES
Division 70 - NURSING FACILITIES/MEDICAID GENERALLY AND REIMBURSEMENT
Section 411-070-0385 - Depreciation Lives
Current through Register Vol. 63, No. 3, March 1, 2024
(1) The provider must use the "Estimated Useful Lives of Depreciable Hospital Assets" Revised 2004 guidelines for asset lives when computing depreciation.
(2) For assets not covered by the guidelines and with costs of more than $1,000 per unit, or in aggregate, the lives established by the provider are subject to approval by the Department.
(3) Depreciation and amortization schedules must be maintained.
(4) Depreciation expense is not allowed on land.
(5) Depreciation and amortization must be calculated on a straight line basis and prorated over the estimated useful life of the asset.
Publications: Publications referenced are available from the agency.
Stat. Auth.: ORS 410.070
Stats. Implemented: ORS 410.070
