When an advisory committee of the SEC voted recently to phase out special accounting treatment for various industries, it signaled the end may be near for power plant depreciation deferral...
Fixing Depreciation Accounting
Accumulated provisions for depreciation belong on the right side of the balance sheet.
Review , Rutgers University, January 1959.
2. The only exception to incorporating removal or abandonment costs in depreciation that the author is aware of is the railroad USofA of the Surface Transportation Board, and that exception is limited to PP&E other than the track structure accounts.
3. Detrimental impacts easily are demonstrated, but are beyond the scope of this article.