Section 267 - Reserve for Deferred Federal Income Taxes-Accelerated AmortizationA. This account shall be credited and account 410, Provision for Deferred Federal Income Taxes, shall be debited with an amount, for each year, equal to the reduction in federal income taxes for that year resulting from the use of accelerated amortization as permitted under Section 168 of the Internal Revenue Code of 1954.B. During the period when such accelerated amortization results in increased federal income taxes because of its use in prior years, this account shall be debited and account 411, Federal Income Taxes Deferred in Prior Years-Credit, shall be credited with an amount for each year equal to the increase in federal income taxes for that year until this account is exhausted.C. Any balances remaining after the expiration of the useful life of the certified defense facilities, or upon the retirement of such facilities, shall be credited to account 411, Federal Income Taxes Deferred in Prior Years-Credit, or otherwise be applied as the Department may authorize or direct.