Laserfiche WebLink
cost plus the costs incidental to said abandonment or <br />retirement shall be debited to the Reserve for Depreciation <br />and Amortization of Utility Plant, subject, however, to the <br />provisions of Subd. 3 of this section. The salvage value <br />received and any other amounts recovered from said property <br />shall be credited to said Reserve. <br />Subd. 3. When a substantial segment of Company's <br />utility plant is abandoned or retired from service because <br />of unusual obsolescence or property damage and such property <br />is not fully covered by the Reserve for Depreciation and <br />Amortization of Utility Plant, other reserves or by <br />insurance, the unrecovered balance of such property after <br />consideration of tax effects shall be credited to said <br />Reserve or other appropriate reserve and be debited to a <br />deferred account designated as "Extraordinary Property <br />Losses", or similar caption. Debits to said deferred <br />account shall be amortized by charges to operating expenses <br />as provided for in Section 14, and the unamortized balance <br />shall be included in the Allowable Rate Base. <br />Subd. 4. If the actual original cost is not <br />shown by the books and records of Company or its pre- <br />decessors, such amount shall be estimated and a record <br />be made by Company showing the facts upon which said <br />estimate was based, the manner in which it was determined, <br />and the person by whom it was made. <br />Section 17. ACCOUNTS AND RECORDS. Subdivision <br />24 <br />