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Monon, IN Code of Ordinances
MONON, INDIANA CODE OF ORDINANCES
TITLE I: GENERAL PROVISIONS
TITLE III: ADMINISTRATION
TITLE V: PUBLIC WORKS
TITLE VII: TRAFFIC CODE
TITLE IX: GENERAL REGULATIONS
TITLE XI: BUSINESS REGULATIONS
TITLE XIII: GENERAL OFFENSES
TITLE XV: LAND USAGE
TABLE OF SPECIAL ORDINANCES
PARALLEL REFERENCES
§ 32.02 CAPITAL ASSET POLICY.
   (A)   The Town Council sets its capital asset policy as follows:
      (1)   Any machinery or equipment or any other property purchased by the town or utilities of a value of $5,000 or more; and
      (2)   Has a life of one year or more.
   (B)   All machinery or equipment shall be depreciated at a rate of 10% per year and other property shall be depreciated at a rate of 1-1/2% per year.
(1998 Code, § 4-10)

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