Section 15.160.790. Depreciation.

	(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.   

Authorities

05.15.060;05.15.130;05.15.160

Notes

Authority

AS 05.15.060 AS 05.15.130 AS 05.15.160

History

Eff. 7/30/94, Register 131; am 11/10/96, Register 140; am 1/1/2003, Register 164