Section 388-835-0535 - What is depreciation expense?(1) Depreciation expense on tangible assets used to provide ICF/ID services is an allowable cost.(2) Depreciation expense must be: (a) Identifiable and recorded in the provider's accounting records; and(b) Computed using the depreciation base, useful lives and methods specified in this chapter.(3) If a provider reports annual depreciation expense that includes depreciation on assets unrelated to resident care and training, the annual reported expense must be reduced accordingly.(4) Once a tangible asset is fully depreciated, no additional depreciation can be claimed unless a new depreciation base is established according to the rules of this chapter.Wash. Admin. Code § 388-835-0535
Amended by WSR 15-09-069, Filed 4/15/2015, effective 5/16/2015Statutory Authority: RCW 71A.20.140. 01-10-013, § 388-835-0535, filed 4/20/01, effective 5/21/01.