02-07-2022 Council Work Session Packet

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Section V: Capital Assets Estimated Useful Life The City's capital assets are depreciated over the following estimated useful lives derived from the Internal Revenue Service Alternative Depreciation System (ADS): Land Indefinite life, not depreciated Buildings and Building Improvements Buildings 40 years Temporary and portable buildings 25 years Roof 20 years HVAC (heating, ventilation, air conditioning) 20 years Electrical 20 years Plumbing 20 years Sprinkler system 20 years Elevators 20 years Floor covering other than carpet 15 years Interior construction 15 years Security and fire alarm system 10 years Cabling 10 years Interior renovation 10 years Carpeting 7 years Other buildings and building improvements not listed above 7-40 years Improvements Other Than Buildings (Land Improvements) Fencing and gates 20 years Landscaping 20 years Outdoor sprinkler and irrigation systems 20 years Golf courses 20 years Swimming pools, tennis and basketball courts, skate parks 20 years Fountains 20 years Retaining walls 20 years Outdoor lighting 20 years Recreation areas and athletic fields, including bleachers 15 years Paths and trails 15 years Septic systems 15 years Other improvements not listed above 15-20 years Machinery and Equipment Outdoor equipment (playgrounds, scoreboards) 15 years Firefighting trucks 15 years Athletic equipment 10 years Telecommunications equipment 10 years Fire department equipment 10 years Furniture and fixtures (excluding structural components) 10 years Grounds equipment (mowers, tractors, bobcats) 10 years Kitchen equipment (appliances) 10 years Lab equipment 10 years Law enforcement equipment 10 years Custodial equipment 10 years Business machines and office equipment 7 years Audio visual equipment 6 years 7