GroundRules
IC 8-25-3-8: Purchase of equipment as an operating expense
Where this section sits in the code
- TITLE 8. UTILITIES AND TRANSPORTATION
- ARTICLE 25. CENTRAL INDIANA PUBLIC TRANSPORTATION PROJECTS
- Chapter 3. Funding for Central Indiana Public Transportation Projects
Sec. 8. For purposes of this chapter, IC 36-9-2-2(b), and IC 36-9-4-58(b), the purchase of equipment or other personal property is considered an operating expense if the equipment or other personal property has a useful life of less than three (3) years.
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