The following schedule will be followed for the different types of capital assets other than infrastructure assets:
Capitalize/Depreciate
Land All/Capitalize Only
Land Improvements $5,000
Building $5,000
Building Improvements $5,000
Construction in Progress All/Capitalize Only
Machinery and Equipment $5,000
Vehicle $5,000
Town Utility Assets $5,000
(Ord. 2007-9G, passed 9-17-07)