Oil Pipeline Uniform Accounting Regulations

55 (1) Where, in the opinion of a company, depreciation rates which have been filed with the Board are no longer applicable, the company shall file revised rates with the Board for approval.

(2) Where a company acquires plant for which no depreciation rates have been approved by the Board, the company shall immediately compile and submit to the Board its estimate of the appropriate depreciation rates, developed in accordance with the provisions of sections 53 and 54.