§ 35.86 ESTIMATED USEFUL LIVES OF DEPRECIABLE ASSETS.

   (A)   Capital assets have estimated useful lives extending beyond a single reporting period of one year.

Town
	Land	non-depreciable
	Improvements to Land    (Including outdoor lighting and playground equipment)	20 years
	Buildings and Building improvements	50 years
	Machinery and Equipment
	Vehicles	5 years
	Autos	5 years
	Light Trucks	10 years
	Heavy Trucks	15 years
	General Infrastructure	100 years
	Streets	100 years
Water Utility
	Land	non-depreciable
	Improvements to Land	20 years
	Tanks, pumps, etc.	25 years
	Towers	50 years
	Water Distribution System	100 years
Sanitary Sewers
	Sanitary Sewer Collection System	100 years

 

   (B)   Any future changes to estimated useful lives will be applied prospectively.

   (C)   Any future asset life increase or extension will reflect a significant alteration, rehabilitation, or structural change.

(Ord. 2022-7, passed 6-7-2022)