NAC703.2421. Schedule M-2.

     1. If tax depreciation differs from book depreciation, the applicant must file schedule M-2 showing the computation of the tax depreciation indicating:

     (a) Differences between book and tax depreciation on a straight-line basis; and

     (b) The excess of any accelerated depreciation and amortization used for tax purposes over straight-line depreciation.

     2. The schedule must pertain to the most recent year for which a tax return was filed and for the 3 previous years.

     [Pub. Service Comm’n, Gen. Order 3 Rule 16 § 44, eff. 10-14-82]