WACs > Title 388 > Chapter 388-835 > Section 388-835-0535
Agency filings affecting this section
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. [Statutory Authority: RCW 71A.12.030 and 44.04.280. WSR 15-09-069, Â§ 388-835-0535, filed 4/15/15, effective 5/16/15. Statutory Authority: RCW 71A.20.140. WSR 01-10-013, Â§ 388-835-0535, filed 4/20/01, effective 5/21/01.]