|
Hilger
Flick & Co.
| |
Non-Profit Organization
Suggested Depreciation Table
|
Asset: |
|
|
Buildings |
35 years |
|
Building Improvements
|
10 years |
|
Furniture &
Fixtures |
5 years |
|
Golf & Greens: |
|
|
Golf
Carts |
5 years |
|
Cars &
Trucks |
5 years |
|
Tools &
Equipment |
5 years |
|
Locker
Furniture |
5 years |
|
Restaurant & Bar: |
|
|
Furniture & Equipment
|
5 years |
|
China, Glass,
Silver |
either inventoried or expensed |
|
Cooking
Equipment |
5 years |
|
Tennis & Paddle Tennis: |
|
|
Equipment
|
5 years |
|
Court Resurfacing
|
Expense |
|
Court
Reconstruction |
10 years |
|
Pool: |
|
|
Paining &
Patching |
Expense |
|
Concrete
Renovations |
10 years |
|
Reconstruction
|
10 years |
|
Golf Course: |
|
|
Initial
Construction |
Non-Depreciable |
|
Trees |
either expense or non-depreciable |
|
Shacks & Bridges
|
10 years |
|
New Irrigation
Plumbing |
10 years |
|
Reconstruction of Traps, Tees & Fairways |
Non-Depreciable |
|
Cart
Paths |
5 years |
|
Other Land Improvements: |
|
|
Driveways
|
5 years |
|
Parking
Lots |
5 years |
|
Lighting
|
5 years |
|
Landscaping
(Minor) |
Expense |
|
(Major)
|
10 years |
|
Fences |
5 years |
General Guidelines:
|
|
Capital |
Expense |
|
Life |
Over 1 year |
Under 1 year |
|
Amount |
Over $1,000 |
Under $500,$1,000 |
|
Repairs |
Appreciably Prolong Life |
Maintain Operating Condition |
Decisions should also be
consistent with prior capitalization policy and asset lives.
|
