Pennsylvania Code
Title 7 - AGRICULTURE
Part VI - PENNSYLVANIA MILK BOARD
Chapter 149 - UNIFORM SYSTEM OF ACCOUNTS
SPECIFIC INSTRUCTIONS
Section 149.31 - Depreciation
Current through Register Vol. 54, No. 44, November 2, 2024
(a) Depreciation on each capital asset shall be computed on a straight line basis. Accordingly, it is necessary to establish a schedule setting forth the useful lives of each capital asset. The following table presents the lives that shall be used:
| ASSET | Schedule of Useful Lives All depreciation straight-line |
| Land | |
| Land Improvements | 20 |
| Buildings | 40 |
| Building Improvements | 40 |
| Machinery and equipment | 12 |
| Autos | 3 |
| Light Trucks | 5 |
| Heavy Trucks | 6 |
| Tractors-Over the Road | 5 |
| Trailers | 6 |
| Furniture & fixtures | 10 |
| Re-useable containers (Pallets, Cans, Cases & Other Materials Handling Equipment) | 4 |
(b) Depreciation of assets formerly owned and fully depreciated by another Commonwealth milk dealer shall be recorded as "Other Non-Dairy Operations Expense," paragraph 2(k), Chapter VIII. Depreciation of assets par- tially depreciated by a previous owner shall be charged to the appropriate operating expense account in an amount not exceeding the remaining value on the books of the original owner at the time of sale or transfer.
