18 CFR 367.4211 - Account 421.1, Gain on disposition of property.

Regulations last checked for updates: May 15, 2024

Title 18 - Conservation of Power and Water Resources last revised: Mar 08, 2024

View all text of Subpart H [§ 367.4000 - § 367.4320]

§ 367.4211 - Account 421.1, Gain on disposition of property.

This account must be credited with the gain on the sale, conveyance, exchange, or transfer of service or other property to another. Income taxes on gains recorded in this account must be recorded in account 409.2, Income taxes, other income and deductions (§ 367.4092).

authority: 15 U.S.C. 717

source: Order 684, 71 FR 65226, Nov. 7, 2006, unless otherwise noted.

cite as: 18 CFR 367.4211