Oil Pipeline Uniform Accounting Regulations

31 (1) Each company shall establish its own list of plant units for each plant account.

(2) A company’s list of plant units shall be filed with and be subject to the approval of the Board.

(3) Subject to the approval of the Board, the list of plant units, as filed, may be revised and amended from time to time.

(4) The cost of an additional plant unit shall be debited to the appropriate plant account.

(5) The book cost of a plant unit retired, whether replaced or not, shall be credited to the appropriate plant account.

(6) Where a plant unit is replaced, the book cost of the original plant unit shall be credited to the appropriate plant account and the cost of the replacement unit shall be debited to the appropriate plant account.