N.H. Admin. Code § Rev 2205.12

Current through Register No. 50, December 12, 2024

Section Rev 2205.12 - Function 4905: Depreciation Expense

Expenses related to recognizing the expiration of tangible and intangible assets shall be classified into the following accounts:

(a) Account 4905, depreciation, classification shall be for recording the expiration of the estimated service life of assets used by the fund types maintained on the accrual basis of accounting; and

(b) Account 4906, amortization, classification shall be for recording the expiration of the intangible assets used by the fund types maintained on the accrual basis of accounting.

N.H. Admin. Code § Rev 2205.12

Amended byVolume XXXIV Number 33, Filed August 14, 2014, Proposed by #10652, Effective 8/8/2014, Expires8/8/2024.