§ 33.059 ESTIMATED USEFUL LIVES OF DEPRECIABLE ASSETS.

   (A)   Capital assets have estimated useful lives extending beyond a single reporting period (one year) and are depreciated using the straight-line method, with no allowance for salvage value.

   (B)   The estimated useful lives currently used were developed with the input of knowledgeable staff and reflect our government’s experience with these assets:

      (1)   Land: non-depreciable;

      (2)   Improvements to land: 20 years;

      (3)   Buildings: 50 years;

      (4)   Furnishings and equipment: five years;

      (5)   Vehicles:

         (a)   Autos: five years;

         (b)   Light trucks: ten years;

         (c)   Heavy trucks: 15 years; and

         (d)   Fire trucks: 30 years.

      (6)   General infrastructure: 50 years; and

      (7)   Computer software: five years.

(Ord. 2020-02, passed 8-3-2020)