Type of account accumulated amortization
CHAPTER 25-30 WATER AND WASTEWATER UTILITY RULES
Separate sub-accounts for accumulated amortization of CIAC shall be maintained to correspond to each sub-account for CIAC. (b) Beginning with the year ending December 31, 2003, for Class C utilities, where adequate CIAC records are maintained in sub-accounts, by type of charge or contributed plant, CIAC amortization rates shall be applied ...
[DOC File]Chapter 16 Accounting for Plant Assets and Depreciation
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General Journal Page 1 Date Account Title P.R Debit Credit 20-- Adjusting Entries Dec 31 Depreciation Expense—name of asset 1,000.00 Accumulated Depreciation—name of asset 1,000.00 The depreciation expense is reported on the income statement and accumulated depreciation is reported as a deduction from plant assets on the balance sheet.
[DOC File]Accounting for Plant Assets
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To record amortization of an intangible asset, a company increases (debits) Amortization Expense, and decreases (credits) the specific intangible asset. (Unlike depreciation, no contra account, such as Accumulated Amortization, is usually used.) Intangible assets are typically amortized on a straight-line basis.
[DOC File]Bureau of the Fiscal Service
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12. Account Title: Accumulated Amortization on Information Technology software. Account Number: 1839. Normal Balance: Credit. Type of Account: Posting. Current definition: Accumulates amortization charged to expense for automated data processing software.
[DOC File]_UNIFORM SYSTEM OF ACCOUNTS
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110. Accumulated Amortization. A. This account shall reflect the amortization accumulated on plant used in wastewater utility service. B. The utility shall maintain separate subaccounts corresponding with the amortizable plant accounts, in which the accumulated amortization total is segregated. C. The following subaccounts shall be maintained:
[DOC File]_CHART OF ACCOUNTS
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The balance in this account represents the amount written off, less retirements, relating to the assets which are recorded in Account 1430. 1640 Accumulated Depreciation - Building Improvements. The balance in this account represents the amount written off, less retirements, relating to the assets which are recorded in Account 1440.
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