NAC361.288. “Flow-through accounting” defined.

“Flow-through accounting” means the practice of charging to the current period only those expenses incurred during the period. A common example is the lesser income tax expense in a given period, due to the use of accelerated depreciation methods or guideline lives in contrast to straight-line depreciation or normal service lives, which would benefit the consumer in the form of lower cost of service if prescribed by the regulatory agency. See NAC 361.342.

     [Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]