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WAC 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.
[Statutory Authority: RCW 71A.12.030 and 44.04.280. WSR 15-09-069, § 388-835-0535, filed 4/15/15, effective 5/16/15. Statutory Authority: RCW 71A.20.140. WSR 01-10-013, § 388-835-0535, filed 4/20/01, effective 5/21/01.]
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