Section 706.401988 - Accounts for general and administrative expense: Rentals; repairs and maintenance1. The account for rent must include:(a) All costs incurred by the company in the rental or leasing of buildings, offices and other property devoted to the limousine operations of the company.(b) Taxes on leased property where the lessee is liable for the taxes under the terms of the lease. Such taxes must not be included in the account for general taxes described in NAC 706.401986.2. The account for equipment rental must include all costs incurred by the company in the rental or leasing of equipment that are not otherwise specifically provided for in other functional divisions.3. The account for repairs and maintenance must include all costs incurred for outside labor, materials or replacement parts used in the maintenance and repair of buildings, offices and office furniture and equipment, including, without limitation, the costs of maintenance contracts on office equipment. Subaccounts must be maintained for each class of maintenance and repair costs incurred, and entries in the subaccounts must be made in sufficient detail and description to allow ready identification, analysis and verification of all relevant facts.Nev. Admin. Code § 706.401988
Added to NAC by Transportation Serv. Auth. by R040-02, eff. 9-20-2002