The following schedule will be followed for the different types of capital assets other than infrastructure assets:
Type | Capitalize/Depreciate |
Type | Capitalize/Depreciate |
Building | $5,000 |
Building improvements | $5,000 |
Construction in progress | All/capitalize only |
Land | All/capitalize only |
Land improvements | $5,000 |
Machinery and equipment | $5,000 |
Town utility assets | $5,000 |
Vehicle | $5,000 |
(Ord. 020905, passed 2-9-2005)