Gas Pipeline Uniform Accounting Regulations

43 (1) Where plant is no longer required for pipeline purposes but is retained by the company, its book cost shall be transferred to account 110 (Other Plant) and the accumulated depreciation or accumulated amortization, if any, with respect thereto shall be transferred from account 105 (Accumulated Depreciation — Gas Plant) or account 106 (Accumulated Amortization — Gas Plant) to account 111 (Accumulated Depreciation — Other Plant) or account 112 (Accumulated Amortization — Other Plant), as applicable.

(2) Where depreciable other plant included in account 110 (Other Plant) is retired or sold, the book cost, salvage and removal costs shall be recorded in account 111 (Accumulated Depreciation — Other Plant).

(3) Where the gain or loss from the sale or retirement of depreciable other plant is material, the company shall inform the Board and shall transfer the amount of the gain or loss from account 111 (Accumulated Depreciation — Other Plant) or account 112 (Accumulated Amortization — Other Plant) to account 331 (Extraordinary Income) or account 341 (Extraordinary Income Deductions), as applicable.

(4) Where the gain or loss from the sale or retirement of depreciable other plant included in account 110 (Other Plant) is not material, the company shall transfer the amount of the gain or loss from account 111 (Accumulated Depreciation — Other Plant) or account 112 (Accumulated Amortization — Other Plant) to account 319 (Other Income) or account 329 (Other Income Deductions), as applicable.