Transcription of Expected Life Study Telecommunications and Cable Assets
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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, Ju
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 fiber optic cable becomes real property once it is buried underground.
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