§ 36.19 DEPRECIATION METHODS.

   (A)   The city will be depreciating capital assets by using the straight-line method. Salvage value will be determined on an asset-by-asset basis. Depreciation will be calculated at fiscal year-end. Land is not depreciated according to general accepted accounting principles.

   (B)   A network of assets is composed of all assets that provide a particular type of service for government. A subsystem of a network of assets is composed of all assets that make a similar portion or segment of a network of assets. The following will be the breakdown of our networks and subsystems:

 

Roads/streets network
	Subsystems	Types of streets
		Curbs and gutters
Traffic components network
	Subsystems	Traffic signals (controls, loop detectors and sensors)
		Street lights

 

   (C)   Straight-line depreciation. All assets accounted for under the capital asset policy will be depreciated using the straight-line method of depreciation. A gain or loss on disposal will be recorded. Following is a list of the most common useful lives:

Item Description	Useful Life
Armored vehicles	15 years
Building components (HVAC systems, roofing)	20 years
Buildings	50 years
Computer hardware	3 years
Computer software	5 years
Fire trucks (apparatus, pumper)	15 years
Flood walls/gates	50 years
Grounds equipment - (mowers, tractors, attachments)	15 years
Heavy equipment	10 years
Land improvements - ground work (golf course, athletic fields, landscaping, fencing)	20 years
Land improvements - structure (parking lots, athletic courts, swimming pools)	20 years
Leasehold improvements	Useful life of asset or lease term (whichever is shorter)
Office equipment	5 years
Office furniture	20 years
Outdoor equipment - (playground equipment, radio towers)	15 years
Roads
Asphaltic concrete	20 years
Brick or stone	50 years
Portland cement concrete	30 years
Gravel	15 years
Street lights	35 years
Traffic signals	25 years
Vehicles	5 years

 

(Ord. 05-01, passed - -; Ord. 2018-12, passed 8-13-2018)