220 CMR, 52.102
Current through Register 1538, January 3, 2025
This account shall include the cost (if the expenditure is approved by the Department) of any intangible property purchased by the accounting company which cannot be specifically assigned to some other account in this classification.
220 CMR, 52.102
When any company reclassifies the book accounts representing its investment in plant prior to the effective date of this classification, and finds that there is an amount in excess of that which is properly chargeable to other prescribed accounts, this excess shall be charged to Miscellaneous Intangible Investment.
Any items charged to this or the preceding account shall be amortized by the accounting company as directed by the Department.