214.02 CAPITALIZATION THRESHOLDS.
   Capitalization thresholds and the expected useful life of capital assets are hereby established as presented on the table set out below. These thresholds may be lowered when necessary to comply with grant or other regulatory requirements of the state or federal government.
Capital Assets and Useful Life Thresholds
Asset Category
Capitalization Threshold
Expected Useful Life
Capital Assets and Useful Life Thresholds
Asset Category
Capitalization Threshold
Expected Useful Life
Land
1,000.00
N/A
Buildings
30,000.00
40 years
Building improvements
5,000.00
40 years
Streets, Curb/Gutter
50,000.00
20 years
Bridges
50,000.00
50 years
Water system and improvements
50,000.00
30 years
Sewer system and improvements
50,000.00
30 years
Gas system and improvements
10,000.00
30 years
All other infrastructure
50,000.00
20 years
Improvements other than buildings
5,000.00
20 years
Machinery and equipment
1,500.00
7 years
Vehicles
1,500.00
5 years
Office equipment
500.00
5 years
Software
500.00
3 years
 
(Ord. 2005-09-01. Passed 9-14-05.)