Sprint Corporation and Subsidiaries, f.k.a. United Telecommunications, Inc. - Page 18

                                       - 18 -                                         
          depreciable over 5 years and property in FCC account No. 242 as             
          depreciable over 15 years.  In petitioner's 1984 and 1985 Federal           
          income tax returns, the following subsidiaries of petitioner                
          continued to account for drop and block in FCC account No. 232,             
          treating it as 5-year property for depreciation purposes:                   
                                       Company                                        
               UT of PA & Saltillo          Carolina T&T                              
          UT of New Jersey             UT of Florida                                  
                  New Jersey Tel. Co.          United Intermountain                   
          West Jersey Tel. Co.         UT of Carolinas                                
          Hillsborough-Montgomery      UT of Indiana                                  
          Sussex Tel. Co. (D)          UT of the Northwest                            
          UT of Ohio                   UT Texas & Palo Pinto                          
               In petitioner's 1984 and 1985 Federal income tax returns,              
          the following subsidiaries of petitioner accounted for drop and             
          block in FCC account No. 242, treating it as 15-year public                 
          utility property for depreciation purposes:                                 
                                       Company                                        
                                   UT Arkansas                                        
                                  UT Iowa                                            
                                  UT Kansas                                          
                                   UT Minnesota                                       
                                  UT Missouri                                        
                                  UT West                                            
               Respondent concedes that, if the drop and block property               
          placed in service during the years in issue is properly                     
          classified by reference to its pre-January 1, 1984, inclusion in            
          FCC account No. 232 and CLADR Asset Guideline Class 48.13, then,            
          with the exception of the depreciation described in the preceding           
          paragraph, the depreciation claimed with respect to that drop and           





Page:  Previous  8  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  Next

Last modified: May 25, 2011