Cal. Code Regs. tit. 2 § 1061.5

Current through Register 2024 Notice Reg. No. 43, October 25, 2024

Section 1061.5 - Fixed Assets

Acquisitions of fixed assets are capitalized in accordance with enterprise accounting practice. Definitions and value and life tests for fixed asset recognition are those presented in "Accounting for General Fixed Assets."

Cal. Code Regs. Tit. 2, § 1061.5

1. Amendment filed 3-8-77; effective thirtieth day thereafter (Register 77, No. 11).