§ 149.31. Depreciation.

 (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.

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