S.D. Admin. R. 20:10:28:07
If property rented to affiliates is not material in amount, the property is included as used property of the owning company with the associated revenues and expenses treated consistently. If property rented from affiliates is not material in amount, the property is not included with the used property of the company making the separations; the rent paid is included in its expenses.
If property rented to affiliates is material in amount, the property, related expenses, and the rent revenues are excluded from the telecommunications operations of the owning company. If property rented from affiliates is material in amount, the property and related expenses are included with, and the rent expenses are excluded from, the telecommunications operations of the company making the separations.
S.D. Admin. R. 20:10:28:07
General Authority: SDCL 49-1-11, 49-31-5, 49-31-18.
Law Implemented: SDCL 49-31-18.
Fundamental principles underlying procedures, 47 C.F.R. § 36.2(c) (1991).