The following schedule will be followed for the different types of capital assets other than infrastructure assets:
Capitalize/Depreciate
| |
Land | All/capitalize only |
Land improvements | $5,000 |
Building | $5,000 |
Building improvements | $5,000 |
Construction in progress | All/capitalize only |
Machinery and equipment | $5,000 |
Vehicle | $5,000 |
Town utility assets | $5,000 |
(Ord. 011905, passed 1-19-2005)