220 CMR, 52.217
This account is intended as a suspense account in which may be carried property abandoned directly in connection with improvements, the amount of which is too large to be included in the utility's accounts for a single year. It is to be used only after permission has been granted by the Department. The utility, in its application to the Department, shall give the full particulars concerning the property retired, the amount to be amortized, and the period over which, in its judgment, the amount of such charge should be distributed.
For each item remaining at the close of the year in this account the utility shall indicate in its annual report to the Department, with respect to each item of property abandoned, the period over which the balance relating to the item will be distributed, the date of the abandonment of the property and the total amount originally charged to operating expenses or depreciation reserve, and the amount charged during the year.
220 CMR, 52.217