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Texas Statutes (Last Updated: January 4, 2014) |
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GOVERNMENT CODE |
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Title 10. GENERAL GOVERNMENT |
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Subtitle C. STATE ACCOUNTING, FISCAL MANAGEMENT, AND PRODUCTIVITY |
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Chapter 2101. ACCOUNTING PROCEDURES |
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Subchapter B. FINANCIAL REPORTING |
Sec. 2101.015. COMPONENTIZATION FOR AGENCY RECEIVING FEDERAL FUNDS
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(a) In this section "componentization" means the process of separately calculating the depreciation of major building structural components, subsystems, and equipment.
(b) This section applies only to a state agency that receives federal funds to implement federal or joint federal and state programs.
(c) A state agency shall complete a componentization of any agency-owned building with a fair market value of at least $1 million. As each building component is replaced, it shall be separately depreciated based on its individual useful life. At a minimum, the agency shall complete any componentization using the following component categories and suggested useful lives:
(1) building shell, 30 years;
(2) electrical and lighting systems, 20 years;
(3) plumbing systems, 20 years;
(4) fire protection systems, 20 years;
(5) elevator systems, 20 years;
(6) fixed equipment assets, 20 years;
(7) heating, ventilation, and cooling systems, 15 years;
(8) floor coverings, 15 years;
(9) interior finish, 15 years;
(10) miscellaneous construction features, 15 years; and
(11) roof coverings, 10 years.
(d) The comptroller by rule may modify the schedule prescribed by Subsection (c).