Section 706.401966 - Accounts for organizational expense and deferred charges1. The account for organizational expense must include the original cost of organizing the company.2. The account for deferred charges must include all debits for which a separate account has not been otherwise provided, including, without limitation: (a) Unamortized debt discount and expense;(b) Unusual or extraordinary expenses that are in the process of amortization; and(c) Any other item for which the proper final disposition is uncertain. The records supporting the entries to the account must contain sufficient detail and description to allow ready identification, analysis and verification of all relevant facts.
Nev. Admin. Code § 706.401966
Added to NAC by Transportation Serv. Auth. by R040-02, eff. 9-20-2002