Asset Class 00.3 Land Improvements

ASSET

DESCRIPTION

PROPERTY TYPE

RECOVERY PERIOD

Light Fixtures – Exterior

Pole mounted or freestanding outdoor lighting system to illuminate sidewalks, parking or recreation areas.
See also Poles & Pylons.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.

See Note*

15 years (00.3 Land Improvement)

Poles & Pylons

Light poles for parking areas and other poles poured in concrete footings or bolt-mounted for signage, flags, etc.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.
See also Pylon Sign – Exterior and Light Fixtures – Exterior.

See Note*

15 years (00.3 Land Improvement)

Pools & Pool Equipment

Includes exterior swimming pools and pool equipment (and spas attached to the swimming pools) that are built on land.
Note* asset class 00.3 Land

See Note*

15 years (00.3 Land Improvement)

Pylon Sign - Exterior

Pylons made of concrete, brick, wood frame, stucco, or similar materials usually set in the ground or on a concrete foundation, and usually used for signage.
Note* asset class 00.3 Land improvements includes both section P1245 and 1250 property per Rev. Proc. 87-56.
See also Poles & Pylons

See Note*

15 years (00.3 Land Improvement)

Site Grading & Excavation

Clearing, grading, excavating and removal costs directly associated with the construction of sidewalks, parking areas, roadways and other depreciable land improvements are part of the cost of construction of the improvements and depreciated over the life of the associated asset.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.

See Note*

15 years (00.3 Land Improvement)

Site Utilities

Storm Piping (for draining the site of rainwater).
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56

See Note*

15 years (00.3 Land Improvement)

Site Work

Site work includes curbing, paving, general site improvements, fencing, landscaping, roads, sewers, sidewalks, site drainage and all other site improvements not directly related to the building.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56. See Site Utilities for sanitary sewers.

See Note*

15 years (00.3 Land Improvement)

ASSET

DESCRIPTION

PROPERTY TYPE

RECOVERY PERIOD

Concrete Foundations & Footings

Foundations or footings for signs, light poles, canopies and other land improvements (except buildings).

§ 1250

00.3 Land
Improvements – 15 Years

Light Fixtures – Exterior

Pole mounted or freestanding outdoor lighting system to illuminate sidewalks, parking or recreation areas.
See also Poles & Pylons.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.

See Note*

00.3 Land
Improvements – 15 Years

Parking Lots

Grade level surface parking area usually constructed of asphalt, brick, concrete, stone or similar material. Category includes bumper blocks, curb cuts, curb work, striping, landscape islands, perimeter fences, and sidewalks.

§ 1250

00.3 Land
Improvements – 15 Years

Poles & Pylons

Light poles for parking areas and other poles poured in concrete footings or bolt-mounted for signage, flags, etc.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.

See Note*

00.3 Land
Improvements – 15 Years

Site Preparation, Grading, &
Excavation

Clearing, grading, excavating and removal costs directly associated with the construction of sidewalks, parking areas, roadways and other depreciable land improvements are part of the cost of construction of the improvements.

§ 1250

00.3 Land
Improvements – 15 Years

Site Work

Site work includes curbing, paving, general site improvements, fencing, landscaping, roads, sewers, sidewalks, site drainage and all other site improvements not directly related to the building.
For sanitary sewers, see Site Utilities.

§ 1250

00.3 Land
Improvements – 15 Years

Stonework

Includes patio stonework imbedded in the ground or applied to exterior half walls that are not an integral part of the building’s structural shell.

§ 1250

00.3 Land
Improvements – 15 Years

Trash Enclosures

Freestanding enclosures for waste receptacles, typically constructed on a concrete pad with its posts set in the concrete. Serves both safety and decorative functions.

§ 1250

00.3 Land
Improvements – 15 Years

ASSET

DESCRIPTION

PROPERTY TYPE

RECOVERY PERIOD

Concrete Foundations & Footings

Foundations or footings for signs, light poles, canopies and other land improvements (except buildings).

§ 1250

00.3 Land
Improvements – 15 Years

Light Fixtures – Exterior

Pole mounted or freestanding outdoor lighting system to illuminate sidewalks, parking or recreation areas.
See also Poles & Pylons.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.

See Note*

00.3 Land
Improvements – 15 Years

Parking Lots

Grade level surface parking area usually constructed of asphalt, brick, concrete, stone or similar material. Category includes bumper blocks, curb cuts, curb work, striping, landscape islands, perimeter fences, and sidewalks.

§ 1250

00.3 Land
Improvements – 15 Years

Poles & Pylons

Light poles for parking areas and other poles poured in concrete footings or bolt-mounted for signage, flags, etc.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.
See also Signs and Light Fixtures – Exterior.

See Note*

00.3 Land
Improvements – 15 Years

Site Preparation, Grading & Excavation

Clearing, grading, excavating and removal costs directly associated with the construction of sidewalks, parking areas, roadways and other depreciable land improvements are part of the cost of construction of the improvements and depreciated over the life of the associated asset.

§ 1250

00.3 Land
Improvements – 15 Years

Site Work

Site work includes curbing, paving, general site improvements, fencing, landscaping, roads, sewers, sidewalks, site drainage and all other site improvements not directly related to the building.
For sanitary sewers, see Site Utilities.

§ 1250

00.3 Land
Improvements – 15 Years

Trash Enclosures

Freestanding enclosures for waste receptacles, typically constructed on a concrete pad with its posts set in the concrete. Serves both safety and decorative functions.

§ 1250

00.3 Land
Improvements – 15 Years

ASSET

DESCRIPTION

PROPERTY TYPE

RECOVERY PERIOD

Bridges & Tunnels

Depreciable improvements directly to or added to land, whether such improvements are section 1245 or 1250. Includes bridges and tunnels and all construction required for their completion (such as excavation, backfill, footings, foundations, piers, stone base, paving, etc.). 

1250 / 1245

00.3 - Land
Improvements
but see Note 2
for exceptions

Concrete Foundations & Footings

Foundations or footings for signs, light poles, canopies and other land improvements (except buildings). Includes excavation, backfill, formwork, reinforcement, concrete block, and pre-cast or cast in-place work.

§ 1250

00.3 - Land
Improvements
but see Note 2
for exceptions

Electrical – Light Fixtures - Exterior

Pole mounted or freestanding outdoor lighting system to illuminate sidewalks, parking or recreation areas
See also, Poles & Pylons

1250 / 1245

00.3 - Land
Improvements
but see Note 2
for exceptions

Fencing, Retaining Walls, Screen Walls, Fountains & Other Land Improvements

Depreciable improvements directly to or added to land, whether such improvements are section 1245 or 1250 property. Examples include fences; canals; waterways; drainage facilities; sewers (not including municipal sewers in Class 51); retaining walls; waterfalls, and fountains; holding, settling, or detention ponds; and irrigation systems. 

1250 / 1245

00.3 - Land Improvements but see Note 2 for exceptions

Landscaping & Shrubbery

Depreciable improvements directly to or added to land, whether such improvements are section 1245 or 1250 property. Examples include landscaping, shrubbery, trees, and sod. 

1250 / 1245

00.3 - Land Improvements but see Note 2 for exceptions

Parking Lots

Depreciable improvements directly to or added to land, whether such improvements are section 1245 or 1250. Grade level surface parking and base area usually constructed of asphalt, brick, concrete, stone or similar material. Also includes bumper blocks, curb cuts, curb work, striping, concrete landscape islands, truck parking ramps and staging areas, and traffic control systems (such as traffic lights and detectors, card readers, parking equipment, etc.). See also Roadways.

1250 / 1245

00.3 - Land Improvements but see Note 2 for exceptions

Poles & Pylons

Poles made of metal or similar material usually set in concrete footings or bolt-mounted to concrete piers. Their use is for supporting parking area lights, signage, flags, etc. Pylons made of concrete, brick, wood frame and stucco, or similar materials usually set in the ground or on a concrete foundation, and
usually used for signage.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.
See also Signs and Electrical – Light Fixtures – Exterior. 

1250 / 1245

00.3 - Land Improvements but see Note 2 for exceptions

Roadways

Depreciable improvements directly to or added to land, whether such improvements are section 1245 or 1250. Grade level driveways, roads, and base
areas usually constructed of asphalt, brick, concrete, stone or similar material. Also includes guard rails, curb cuts, and curb work. 

1250 / 1245

00.3 - Land Improvements but see Note 2 for exceptions

Sidewalks & Curbs

Depreciable improvements directly to or added to land, whether such improvements are section 1245 or 1250. Sidewalks and curbs are usually constructed of concrete, asphalt, stone or similar material.

1250 / 1245

00.3 - Land Improvements but see Note 2 for exceptions

Site Preparation, Grading & Excavation

Depreciable clearing, grading, excavating and removal costs directly associated with the construction of sidewalks, parking areas, roadways and other depreciable land improvements are part of the cost of construction of the improvements.

1250

00.3 - Land Improvements but see Note 2 for exceptions

Site Utilities

Drainage facilities and sewers that are not municipal sewers. 

1250

00.3 - Land Improvements but see Note 2 for exceptions

Trash
Enclosures 

Freestanding enclosures, typically constructed on a concrete pad with its posts set in the concrete, for waste receptacles. Serves both safety and decorative functions. 

1250

00.3 - Land Improvements but see Note 2 for exceptions

ASSET

DESCRIPTION

PROPERTY TYPE

RECOVERY PERIOD

Bollards & Guardrails

Bollards (heavy steel posts generally filled with concrete) and Guardrails mounted in the ground or concrete to protect machinery and equipment from vehicular damage, or to prevent vehicles from trespassing onto specific areas. Placement to protect land improvements and non-building items such as signs, sign poles, flagpoles, trees, as well as inventories of autos and trucks. Bollard and Guardrails are permanently attached and intended to be permanent.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.

See Note*

00.3 Land Improvements – 15 Years

Concrete Foundations & Footings

Foundations or footings for signs, light poles, and other land improvements (except buildings).  Includes excavation, backfill, formwork, reinforcement, concrete block, and pre-cast or cast-in-place work.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.

See Note*

00.3 Land Improvements – 15 Years

Inventory Display Equipment

Includes inventory displays that are permanently added to the land. Examples include concrete ramps and pedestals, and exterior “turntable” displays that are permanently affixed, etc. 
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.

See Note*

00.3 Land Improvements – 15 Years

Landscaping & Shrubbery

Landscaping that will be replaced contemporaneously with a related depreciable asset or that will be destroyed when the related depreciable asset is replaced. Examples include depreciable landscaping, shrubbery, trees, plant foliage, or sod placed around the parking lot in outdoor Sales Area. Includes
associated irrigation systems (sprinkler systems). 
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.

See Note*

00.3 Land Improvements – 15 Years

Light Fixtures - Exterior

Pole mounted or freestanding outdoor lighting system to illuminate sidewalks, Employee Parking Area, Customer Parking Area, and Product Display Parking Areas.
See also Poles.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.
The Revenue Procedure establishes two broad categories of depreciable assets: (1) asset classes 00.11 through 00.4 that consist of specific assets used in all business activities; and (2) asset classes 01.1 through 80.0 that consist of assets used in specific business activities. An asset described in both an asset and an activity category is classified in the asset category.

See Note*

00.3 Land Improvements – 15 Years

Parking Lots

Depreciable improvements directly to or added to land, whether such improvements are section 1245 or 1250. Grade level surface parking and base area usually constructed of asphalt, brick, concrete, stone or similar material. Also includes bumper blocks, curb cuts, curb work, striping, concrete landscape islands, gates, fences, truck parking ramps and staging areas, and traffic control systems (such as traffic lights and detectors, card readers, parking equipment, etc.). Includes Employee Parking, Customer Parking, and New and Used Vehicle Parking Areas.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.
The Revenue Procedure establishes two broad categories of depreciable assets: (1) asset classes 00.11 through 00.4 that consist of specific assets used in all business activities; and (2) asset classes 01.1 through 80.0 that consist of assets used in specific business activities. An asset described in both an asset and an activity category is classified in the asset category.

See Note*

00.3 Land Improvements – 15 Years

Poles

Light poles for parking areas and other poles poured in concrete footings or bolt-mounted for signage, flags, etc.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.
See also Bollards & Guardrails; Signs; and Light Fixtures – Exterior.

See Note*

00.3 Land Improvements – 15 Years

Premise (Pylon) Sign -Exterior

Pylons made of concrete, brick, wood frame, stucco, or similar materials usually set in the ground or on a concrete foundation, and usually used for signage.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.
See also Poles.

See Note*

00.3 Land Improvements – 15 Years

Sidewalks & Curbs

Depreciable improvements directly to or added to land, whether such improvements are section 1245 or 1250. Sidewalks and curbs are usually constructed of concrete, asphalt, stone or similar material.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.

See Note*

00.3 Land Improvements – 15 Years

Site  Preparation Grading & Excavation

Clearing, grading, excavating and removal costs directly associated with the construction of sidewalks, parking areas, roadways and other depreciable land
improvements are part of the cost of construction of the improvements and depreciated over the life of the associated asset.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.

See Note*

00.3 Land Improvements – 15 Years

Site Work

Site work includes curbing, paving, general site improvements, fencing, depreciable landscaping, roads, sewers, sidewalks, site drainage and all other site improvements, such as storm water retention basins, not directly related to the building.
See also Landscaping & Shrubbery.
For sanitary sewers, see Site Utilities. Does not include land preparation costs, see also Site Preparation Grading & Excavation.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.

See Note*

00.3 Land Improvements – 15 Years

Trash Enclosures

Freestanding enclosures for waste receptacles, typically constructed on a concrete pad with its posts set in the concrete. Serves both safety and decorative functions.
Note* asset class 00.3 Land improvements includes both section 1245 and 1250 property per Rev. Proc. 87-56.

See Note*

00.3 Land Improvements – 15 Years

ASSET

DESCRIPTION

PROPERTY TYPE

RECOVERY PERIOD

1995

2004

Bollards & Guardrails - Site

Includes bollards (metal or concrete posts) and guardrails mounted in the ground or concrete to protect machinery and equipment from vehicular damage, or to prevent vehicles from trespassing onto specific areas. Placement to protect land improvements and non-building items such as signs, sign poles, flagpoles, trees, as well as inventories of autos and trucks. Bollard and guardrails are permanently attached and intended to be permanent. The purpose of the bollards or guardrails is to protect land improvements.

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

3, 5

03, 05

Concrete Foundations & Footings - Land Improvements

Foundations and footings for signs, light poles, and other land
improvements (except buildings). Includes excavation, backfill, formwork, reinforcement, concrete block, and pre-cast or cast-in-place work, but does not include site grading costs. See also Grading

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

3

03

Electrical Distribution - Branch  Circuits - Site Lighting

Electrical branch circuit to power outdoor lighting systems for
sidewalks, parking or recreation areas or for sump pumps.
Includes exterior power receptacles not attached to the building, or other non-process and non-building land improvement equipment.

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

16

26

Land Improvements

Includes improvements directly to or added to land, whether such improvements are section 1245 property or section 1250 property, provided such improvements are depreciable. Examples of such assets might include sidewalks, roads, canals, waterways, drainage facilities, sewers (not including municipal sewers in Class 51),wharves and docks, bridges, fences, landscaping, shrubbery, or radio and television transmitting towers. Includes other tangible
property that qualifies under section 1.48-1(d). E51Excludes land improvements that are explicitly included in any other class, and buildings and structural components as defined in section 1.48-1(e) ofthe regulations. Excludes public utility initial clearing and grading land improvements. Also excludes a structure that is essentially an item of machinery or equipment or a structure that houses property used as an integral part of an activity specified in section 48(a)(1)(B)(i) of the Code, if the use of the structure is so closely related to the use of the property that the structure clearly can be expected to be replaced when the property it initially houses is replaced, is included in the asset guideline class appropriate to the equipment to which it is related. See also Bollards; Concrete Foundations; Site Lighting; Land Preparation; Parking Lots; Roadways, Curbs, & Sidewalks; Signs; Site Work; Site Utilities; Storage Area; Storage Tanks; Test Track; Tunnels; and Utility Overpasses.

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

2,3

32

Land  Preparation - Finish Grading – Land Improvements

Includes land preparation costs so closely associated with depreciable assets that they would be retired, abandoned, or replaced contemporaneously with the depreciable asset. Includes excavation and finish grading associated with roads,
sidewalks, parking lots, and other paved areas. See also Land Improvements.

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

2

31

Light Fixtures - Site Lighting - Inherently Permanent

Includes pole mounted or freestanding outdoor lighting system permanently set in the ground to illuminate sidewalks, parking, or recreation areas. The supports may or may not be embedded in a concrete foundation. See also Signs - Pylon.

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

16

26

Parking Lots

Includes ground level surface parking and base area usually constructed of asphalt, brick, concrete, stone or similar material. Also includes bumper blocks, curb cuts, curb work, striping, concrete landscape islands, truck parking ramps and staging areas, and traffic control systems (such as traffic lights and detectors, card readers, parking equipment, etc.). See also Roadways, Curbs, and Sidewalks.

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

3

32

Roadways, Curbs, and Sidewalks

Includes grade level driveways, roads, and base areas usually constructed of asphalt, brick, concrete, stone or similar material. Also includes guard rails, curbs, curb cuts, curb work, and sidewalks. Does not include test track roadways.

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

3

31

Signs –
Freestanding

Includes freestanding exterior signs used to direct traffic and parking that are set in the ground. See also Signs - Pylon or Billboard

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

10

10

Signs - Pylon or Billboard - Inherently Permanent

Includes signs and supports made of concrete, brick, wood frame, stucco, or similar materials usually permanently set in the ground. The supports may or may not be embedded in a concrete foundation.

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

3, 5, 10

03, 05, 10

Site Utilities - Storm Sewer System

Site Storm Sewer Systems convey storm water from the property site to the point of disposal (such as a detention or retention pond) or to the point of connection with the municipal storm sewer system and include all piping, gutter or curb inlets, catch basins, manholes, flared end sections, and any other
structures or components required for a complete and operable system. Excludes gutters, downspouts, and drainage piping within the footprint of the building.

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

2

33

Site Utilities - Water System - Irrigation

Irrigation Site Water Systems provide water for irrigation/sprinklers for lawn and landscaping areas as well as for pressure washing paved and concrete surfaces. Also may include on site water wells (including well pumps and associated components) and Artesian wells. See also Land Improvements.

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

2

33

Site Work & Site Improvements

See Land Preparation; Land Improvements.

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

2

32

Storage Area - Exterior - Goods

Includes an exterior paved, fenced, and gated area (sometimes covered for weather protection), and associated improvements used for storing materials and finished goods and products. Does not include areas within a building; storage buildings; or warehouses.

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

2

32

Storage Tanks –  Inherently
Permanent

Includes above ground or underground storage tanks that are inherently permanent. Includes dispensing pumps, piping, valves, leak detection systems, and containment dikes.

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

3, 13

23, 33

Test Track - Product 
Quality  Testing

Test track located at manufacturing plant site used to test newly completed vehicles. Testing may include acceleration, vibration, braking, cornering, handling, etc. Includes paving, bridges, ramps, guard rails, privacy fencing, gates, and any other related items.

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

2

32

Tunnels - Work/Access

Customary below grade construction under the factory floor in the nature of tunnels that permit the movement of workers from one point to another point along the process line. Tunnels may also lead from one building or structure to another building or structure. Features may include walkways, lighting, HVAC, stairs, handrails, exit signs, electrical outlets, and work space. Tunnels are more than press pits, but less than building basements.

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

2

32

Utility  Overpass Structures

Includes self-supporting pipe bridge structures (similar to a trestle) that provide elevated support for utility lines or similar items between two locations.

Asset class 00.3 includes both § 1245 and § 1250 property.

00.3 Land Improvements – 15 Years

2, 5

02, 05