Under utility regulatory accounting principles (RAP), the account "Utility Plant Acquisition Adjustment" reflects:
A. The difference between the fair market value of the utility plant and the amount paid for it, less accumulated depreciation.
B. The difference between the amount paid for the utility plant less its current replacement cost.
C. The difference between the amount paid for the utility plant less the fair market value of its tangible plant assets.
D. The difference between the amount paid for utility plant and the amount originally paid by the utility that first placed the plant into public service, less accumulated depreciation.
Answer: D
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