Capital assets have estimated useful lives extending beyond a single one-year reporting period.
City | |
Land | Non-depreciable |
Improvements to Land (Including outdoor lighting and playground equipment) | 20 years |
Buildings and Building Improvements | 50 years |
Machinery and Equipment | 5 years |
Vehicles | |
Autos | 5 years |
Light trucks | 10 years |
Heavy trucks | 15 years |
Computer Software | 7 years |
General Infrastructure | |
Streets | 100 years |
Sewer Utility | |
Sewer collection system
| 100 years |
Storm Sewer | |
Storm sewer collection system | 100 years |
Any future changes to estimated useful lives will be applied prospectively. Any future asset life increase, or extension will reflect a significant alteration, rehabilitation, or structural change.
(Ord. 10, 2022, passed 12-5-22)