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.