Comments on FCC Telco Depreciation Paperwork Burdens Due July 13
Comments on FCC efforts to reduce telco paperwork burdens for depreciation rate changes are due July 13, said the agency in a notice in Thursday's Federal Register. Communications common carriers with annual operating revenue of at least $150.2 million and…
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classified as "dominant" must file certain information before making any depreciation rate changes for their operating plant. The FCC requires the carriers to file four summary exhibits including underlying data and provide the "depreciation factors (i.e., life, salvage, curve shape, depreciation reserve) required to verify the calculation of the carrier's depreciation expenses and rates" -- a process that takes 24 respondents a total of 6,000 hours, 250 hours each on average, and $919,560 to comply, the notice said. The FCC has discretion on specific record keeping and, citing its Paperwork Reduction Act mandate, invited the public and other federal agencies to comment on the necessity of the information collection, its practical utility and clarity, and ways to enhance the quality of the information and minimize the burdens on respondents, including small businesses.