Nev. Admin. Code § 361.342 — 361.342

NAC 361.342    “Normalization accounting” defined. ( NRS 360.090 , 361.320 )    “Normalization
accounting” means the practice of charging to the current period those expenses
related to the current period rather than to the period in which they are
actually incurred. A common example is the computation and assignment of income
tax expense to a period based on a straight-line depreciation method rather
than on an accelerated depreciation method actually used. The income tax
expense computation may or may not have included the additional variable of
normal lives versus allowable guideline lives. See NAC 361.288 .
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]