Henry County adopts fixed-asset capitalization policy setting $5,000 threshold and useful lives

Commissioners approved Ordinance 2026-04-08(002) on April 8, formally adopting a Fixed Asset Capitalization Policy for Henry County. The ordinance defines capital assets as items with useful life over one year and an acquisition cost of $5,000 or more, sets estimated useful lives (buildings and infrastructure 50 years; building components 20 years; machinery and equipment 5–15 years; vehicles 5–15 years, with cars set at 5 years and SUVs at 10 years), and includes standard repeal and severability language.