Daviess County will depreciate capital assets by using the straight-line method. Assets will be depreciated based on the estimated useful life of each asset. The following are the estimated useful lives for each asset class:
(A) Buildings: 50 years.
(B) Infrastructure being depreciated: 50 years.
(C) Building components and improvements: 20 years.
(D) Machinery and equipment: five to 15 years.
(E) Vehicles: five to 15 years.
(1) Car: five years.
(2) Sport utility vehicle (SUV): ten years.
(3) Large trucks: 15 years.
(Ord. 2022-1, passed 4-26-2022)