Nev. Admin. Code § 706.732

Current through June 11, 2024

Section 706.732 - Fixed assets: Account for shop and garage equipment

The account for shop and garage equipment includes the cost of all hoists, electric motors, lathes, drill presses, air compressor equipment, tire changing equipment, wheel alignment equipment, welding sets, work benches and expensive special purpose tools which cost over $100. This account must not include any hand or other portable tools which:

1. Are likely to be lost or stolen;

2. Have a value of $100 or less; or

3. Have a short life or period of use.

Such items must be charged as appropriate to the account for repairs and maintenance described in paragraph (d) of subsection 6 of NAC 706.816 or the account for repairs and maintenance of shop and garage equipment described in subsection 11 of NAC 706.822.

Nev. Admin. Code § 706.732

Taxicab Auth., Uniform System of Accounts Reg. § 209, eff. 12-24-70; A 11-16-79

NRS 706.8818, 706.8829