ASSET TYPE CAPITALIZATION USEFUL LIFE THRESHOLD Farm Buildings garages, $100,000 25 years warehouses) Single Purpose Agricultural $100,000 15 years Structures Service Station Buildings $100,000 20 years BUILDING IMPROVEMENTS Major repairs $100,000 40 Additions (i.e. HVAC System, $100,000 40 years new wiring, etc.) Renovations $100,000 40 years DEPRECIABLE LAND IMPROVEMENTS Walking paths and trails $100,000 20 years Fences and gates $100,000 20 years Landscaping $100,000 20 years Sprinkler systems $100,000 20 years Fountains $100,000 20 years Beaches $100,000 20 years LEASEHOLD IMPROVEMENTS Land Improvements Lesser of 20 years or remaining (depreciable land $100,000 lease term improvement on leased land) Building Improvement $100,000 Lesser of 40 years or remaining (building or structures built on lease term leased land) INFRASTRUCTURE Interstates $3,000,000 40 years
ASSET TYPE CAPITALIZATION THRESHOLD USEFUL LIFE Farm Buildings garages, warehouses) $100,000 25 years Single Purpose Agricultural Structures $100,000 15 years Service Station Buildings $100,000 20 years BUILDING IMPROVEMENTS Major repairs $100,000 40 Additions (i.e. HVAC System, new wiring, etc.) $100,000 40 years Renovations $100,000 40 years DEPRECIABLE LAND IMPROVEMENTS Walking paths and trails $100,000 20 years Fences and gates $100,000 20 years Landscaping $100,000 20 years Sprinkler systems $100,000 20 years Fountains $100,000 20 years Beaches $100,000 20 years LEASEHOLD IMPROVEMENTS Land Improvements (depreciable land improvement on leased land) $100,000 Lesser of 20 years or remaining lease term Building Improvement (building or structures built on leased land) $100,000 Lesser of 40 years or remaining lease term INFRASTRUCTURE Interstates $3,000,000 40 years
2017%20AFR%20Appendix.docx