TABLE OF ESTIMATED USEFUL LIFE OF PROPERTY, PLANT AND

EQUIPMENT per COA Circular No. 2003-007 dated December

11,2003
TABLE OF ESTIMATED USEFUL LIFE
OF PROPERTY, PLANT AND EQUIPMENT

Property, Plant and Equipment

Land

Improvements
Land Improvements
Runways/taxiways
Railways
Electrification, Power and Energy
Structures
Buildings - those that are predominantly
Wood
Mixed
Concrete
Leasehold Improvements (Note I)
Land
Building
Wood
Mixed
Concrete
Office, Equipment, Furniture and Fixtures
Office Equipment
Furniture and Fixtures
IT Equipment-Hardware
Library Books
Machineries and Equipment
Machineries
Agricultural, Fishery and Forestry
Airport Equipment
Communication Equipment
Construction and Heavy Equipment
Firefighting Equipment and

Estimated
Useful
Life (in
years)
10
20
40
10
10
20
30
10
10
20
30
5
10
5
5
10
10
10
10
10
7

Accessories
Hospital Equipment
Medical, Dental and Laboratory Equipment
Military and Police
Equipment
Sports Equipment
Technical and Scientific Equipment
Other Machineries and Equipment
Transportation Equipment
Motor Vehicles
Trains
Aircraft and Aircraft Ground
Equipment
Watercrafts
Other Transportation Equipment
Other Property, Plant and
Equipment
Note
I-

10
10
10
10
10
10
7
10
10
10
10
5

The estimated useful life shall depend on the length of the lease.
It shall be the period of the lease or the estimated useful life of
the assets, as given, whichever is shorter.