NAC706.401959. Fixed assets: Account for shop and garage equipment.

     1. The account for shop and garage equipment must include the cost of all hoists, electric motors, lathes, drill presses, air compressor equipment, tire changing equipment, wheel alignment equipment, welding sets, work benches and expensive special purpose tools that cost over $5,000.

     2. The account must not include hand or other portable tools that:

     (a) Are likely to be lost or stolen;

     (b) Have a value of $5,000 or less; or

     (c) Have a short life or period of use.

Ê Such items must be appropriately charged to the account for repairs and maintenance described in subsection 6 of NAC 706.401982 or the account for miscellaneous shop and garage expenses described in subsection 11 of NAC 706.401984.

     (Added to NAC by Transportation Serv. Auth. by R040-02, eff. 9-20-2002)