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Expected Life Study Telecommunications and Cable Assets

NEVADA DEPARTMENT OF TAXATION Division of Local Government Services Expected Life Study : Telecommunications and Cable Assets 3 Table of Contents Literature Review Summary and Recommendations Telecommunications Page 1 Cable and Other Program Distribution 5 Exhibits Telecommunications Asset Service Life in General Exhibit 1: Marshall Swift Life Expectancy Guidelines Page 8 Exhibit 2: IRS Publication 946, Telecommunications and Cable Page 10 Exhibit 3: FCC Depreciation Ranges Page 13 Exhibit 4: Excerpts from AT&T Appraisal 2007 Page 14 Exhibit 5: Excerpts from Level 3 Appraisal 2012 Page 16 Exhibit 6: Internal Revenue Bulletin, June 2, 2014: REG-150760-13 Page 18 Exhibit 7: IRS Blesses Windstream Move to Cut Taxes by Forming REIT Page 28 Fiber Optic Cable Exhibit 8: Corning Optical Fiber Page 34 Exhibit 9: Technology Futures, Inc

optic and copper lines into a Real Estate Investment Trust (“REIT”) because they qualify as real property. In a decision by the Virginia Tax Commissioner on the application of sales and use tax, it was found that ... Monmounth County, 18 N.J. Tax 149 (1999). Expected Life Study, Page 2.

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