capitalassetpolicy-westclintonfiredistrictstation1.docVIP

West Clinton Fire District Capital Asset Policy Policy No. 403 Table of Contents Page Capital Asset Definitions and Guidelines Capital Assets Classifications 1 Capitalization Thresholds and Useful Lives 1-2 Capital Asset Acquisition Costs 2 Capital Asset Donations 2 Leased Equipment 3 Depreciating Capital Assets 4 Residual Value 4 Sale of Capital Assets 4 Computation of Gain and Loss from Sale of Assets 5 Capital Asset Categories Land 5 Land Definition Depreciation Methodology Capitalization Threshold Land Improvements 5-6 Land Improvem