The following schedule will be followed for the different types of capital assets other than infrastructure assets:
Type | Capitalize/Depreciate If Over |
Type | Capitalize/Depreciate If Over |
Land | All/capitalize only |
Land improvements | $2,000 |
Buildings | $2,000 |
Building improvements | $2,000 |
Construction in progress | All/capitalize only |
Machinery and equipment | $2,000 |
Vehicles | $2,000 |
Utility assets | $2,000 |
(Ord. 3-19-2014, passed 3-19-2014)