220 CMR, 50, 418

Current through Register 1533, October 25, 2024

Section 418 - Nonoperating Rental Income

A. This account shall include all rent revenues and related expenses of land, buildings, or other property included in account 121, Nonutility Property, which is not used in operations covered by account 417, Income from Nonutility Operations.

B. The expenses shall include all elements of costs incurred in the ownership and rental of property and the account shall be maintained so as to permit ready summarization as follows:

Operation.	Amortization.
Maintenance.	Depreciation.
Rents.	Income Taxes.

Taxes other than Income Taxes.

220 CMR, 50, 418