Alaska Administrative Code
Title 15 - Revenue
Chapter 160 - Authorized Games of Chance and Skill
Article 8 - Accounting and Recordkeeping
15 AAC 160.790 - Depreciation
Universal Citation: 15 AK Admin Code 15 AAC 160.790
Current through August 30, 2024
(a) Except as provided in (b) of this section, a permittee shall depreciate assets used to conduct an activity permitted under AS 05.15, using the straight-line method over a period of five, 10, or 30 years. A permittee shall use a
(1)
five-year depreciation period for all personal property and computer software
used in gaming activity;
(2)
10-year depreciation period for an improvement that the permittee owns and uses
in a gaming activity to leased real property; if the permittee does not own the
improvements, no depreciation may be claimed under this section; and
(3) 30-year depreciation period for real
property that the permittee owns and uses in gaming activity.
(b) In lieu of depreciation, a permittee may expense the entire cost of an asset described in (a)(1) of this section in the year of purchase if expenses remain within the limits of AS 05.15.160.
Authority:AS 05.15.060
AS 05.15.130
AS 05.15.160
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