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Gas Pipeline Uniform Accounting Regulations

Version of section 50 from 2006-03-22 to 2020-03-15:

  •  (1) Charges for depreciation with respect to accounts that are classed by section 51 as being accounts covering assets that are depreciable shall be computed in conformity with the group system.

  • (2) A company shall charge depreciation by using such one of the following methods as is chosen by the company and approved by the Board for use by the company:

    • (a) the straight line method;

    • (b) the use or unit of production method;

    • (c) the diminishing value method; or

    • (d) any other systematic method consistent with generally accepted accounting principles.

  • SOR/86-998, s. 12

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