{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-120.4","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-120.4","heading":"Property accounts","body":"The property accounts set up, maintained and kept as provided by\n\nlaw, for tangible property and equipment, other than expendable\n\nsupplies, shall be maintained on cost basis, representative of\n\ncapital values of invested state monies, and never charged with\n\nappreciation nor credited with depreciation; but on sale or exchange\n\nand reacquisition of properties of comparable function as\n\nhereinbefore provided, the capital account thereof shall be credited\n\nwith the first or capital cost of the item disposed of and charged\n\nwith the gross cost of the substitute item acquired; unless and\n\nuntil the Legislature shall require that the depleted or depreciated\n\nvalue shall be charged to expense.","path":["OK Code","Title 62"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os62.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"3b61537e1a244df09e52f92bae5e0df9aef1a063a20c654ec2152f20319c6547","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-120.3","next":"us-ok/okla.-stat.-tit.-62-62-13"},"notice":"GroundRules: Original legal text. Not legal advice."}