§ 32.39  USEFUL LIVES.
   (A)   For the purposes of the town’s fixed asset inventory processes, the following standards shall be used for the estimated useful life of the equipment/property indicated:
Category
Lifespan
Category
Lifespan
Brick buildings
100 years
Drinking water systems
40 years
Parking lots
50 years
Passenger vehicles
5 years
Roads and/or streets (includes paved alleys)
40 years
Sidewalks
10 years
Steel buildings
30 years
Storm water drainage systems
30 years
Tractors/backhoes and the like
5 years
Trucks
7 years
Wastewater systems
40 years
 
   (B)   Annual resurfacing programs, painting, roofing, and the like are considered maintenance to improve and extend the life of the asset. For example, the above schedule shall not be interpreted to indicate the town is only repaving a street every 40 years.
(2005 Code, § 32.34)  (Ord. G-04-47, passed 12-16-2004)