Sec. 32.2121  Buildings.

    (a) This account shall include the original cost of buildings, and 
the cost of all permanent fixtures, machinery, appurtenances and 
appliances installed as a part thereof. It shall include costs incident 
to the construction or purchase of a building and to securing possession 
and title.
    (b) When land, together with the buildings thereon, is acquired, the 
original cost shall be fairly apportioned between the land and 
buildings, and the amount applicable to the buildings shall be included 
in this account. The amount applicable to the land shall be included in 
Account 2111, Land.
    (c) This account shall not include the cost of any telephone 
equipment or wiring apparatus for generating or controlling electricity 
for operating the telephone system.