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This document is an order from the Michigan Public Service Commission approving a settlement agreement regarding the depreciation rates for the newly acquired Fox Energy Center by Wisconsin Public

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What is for approval of depreciation?

Approval of depreciation is a process by which a company seeks permission from regulatory authorities to adjust the value of its assets over time based on their wear and tear or obsolescence.

Who is required to file for approval of depreciation?

Companies or business entities that have fixed assets and wish to record depreciation expenses in their financial statements are required to file for approval of depreciation.

How to fill out for approval of depreciation?

The exact process and forms to fill out for approval of depreciation may vary depending on the regulatory authority. Generally, companies need to complete the designated form provided by the authority, provide details of their assets, and explain their depreciation methodology.

What is the purpose of for approval of depreciation?

The purpose of seeking approval for depreciation is to ensure compliance with accounting standards and regulations, accurately reflect the decrease in the value of assets over time, and provide transparency in financial reporting.

What information must be reported on for approval of depreciation?

The information typically required to be reported on the application for approval of depreciation includes details of the company's assets, their initial cost, estimated useful life, chosen depreciation method, and any other relevant information requested by the regulatory authority.

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