SPA Process User’s Guide –
Appendix A – Class Codes
AFR Categories
| Category | Description | Threshold |
|---|---|---|
| 1 | Land and Land Improvements | $0 |
| 2 | Buildings and Building Improvements | $100,000 |
| 3 | Infrastructure, Depreciable | $500,000 |
| 4 | Furniture and Equipment | $10,000* |
| 5 | Vehicles, Boats and Aircrafts | $10,000* |
| 6 | Construction in Progress | $0 |
| 7 | Infrastructure, Non-Depreciable | $0 |
| 8 | Other Assets (Works of Art & Historical Treasures, Libraries, Leasehold Improvements and Livestock) | Various |
| 9 | Facilities and Other Improvements | $100,000 |
| A | Land Use Rights | Various |
| B | Computer Software | Various |
| C | Other Intangible Capital Assets | $100,000 |
* Effective Sept. 1, 2024, the threshold increased from $5,000 to $10,000 for AFR categories 4 and 5.