49 CFR 1242.52 - Lease rentals—debit and credit, other rents—debit and credit, repairs billed to others—credit (accounts 31-27-00, 32-27-00, 35-27-00, 36-27-00, and 40-27-98).

Regulations last checked for updates: Nov 22, 2024

Title 49 - Transportation last revised: Nov 18, 2024

View all text of Part 1242 [§ 1242.00 - § 1242.87]

§ 1242.52 - Lease rentals—debit and credit, other rents—debit and credit, repairs billed to others—credit (accounts 31-27-00, 32-27-00, 35-27-00, 36-27-00, and 40-27-98).

(a) Separate common debit expense accounts in proportion to the separation of solely related (freight or passenger service) in each individual account. If there are no solely related expenses or if the solely related expenses are assignable entirely to freight or passenger service, separate common debit expense accounts on the same percentages calculated for the separation of administration (account XX-27-01).

(b) Separate common credit expense accounts on the basis of the same percentages calculated for the separation of administration (account XX-27-01).

authority: 49 U.S.C. 1321,11142

source: 43 FR 7637, Feb. 24, 1978, unless otherwise noted.

cite as: 49 CFR 1242.52