94.575. Definitions.
80 words·~1 min read·
/mo/chapter-94/94-575A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
94.575. Definitions. — The following words, as used in sections 94.575 to 94.577 , shall mean:
(1)"Capital asset" or "fixed asset" , assets of a long-term character that are intended to continue to be held or used, including but not limited to land, buildings, machinery, furniture, and other equipment, including computer hardware and software;
(2)"Capital improvements" , any capital or fixed asset having an estimated economic useful life of at least two years.
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(L. 2001 S.B. 352)