|Type of asset||Rate of depreciation||Service life (years)||Delining-balance rates||Hulten-Wykoff category/1/|
|Private nonresidential equipment|
|Office, computing, and accounting machinery/2/:|
|Years before 1978||0.2729||8||2.1832||B|
|1978 and later years||.3119||7||2.1832||B|
|Photocopy and related equipment/5/||.1800||9||1.6203||C|
|Other fabricated metal products/7/||.0917||18||1.6500||C|
|Steam engines and turbines/8/||.0516||32||1.6500||C|
|Internal combustion engines/8/||.2063||8||1.6500||C|
|Special industrial machinery, n.e.c.||.1031||16||1.6500||C|
|General industrial, including materials handling equipment||.1072||16||1.7150||A|
|Electrical transmission, distribution, and industrial apparatus||.0500||33||1.6500||C|
|Trucks, buses, and truck trailers:|
|Local and interurban passenger transit/10/||.1232||14||1.7252||A|
|Trucking and warehousing; and auto repair, services, and parking/10/||.1725||10||1.7252||A|
|Transportation by air, depository institutions, and business services:|
|Years before 1960||.1031||16||1.6500||C|
|1960 and later years||.0825||20||1.6500||C|
|Years before 1960||.1375||12||1.6500||C|
|1960 and later years||.1100||15||1.6500||C|
|Ships and boats||.0611||27||1.6500||B|
|Household furniture and fixtures/12/||.1375||12||1.6500||C|
|Agricultural machinery, except tractors||.1179||14||1.6500||C|
|Construction machinery, except tractors||.1550||10||1.5498||A|
|Mining and oil field machinery||.1500||11||1.6500||C|
|Service industry machinery:|
|Wholesale and retail trade/14/||.1650||10||1.6500||C|
|Other electrical equipment/16/||.1834||9||1.6500||C|
|Private nonresidential structures|
|Other commercial buildings/17/||.0262||34||.8892||A|
|Hospital and institutional buildings||.0188||48||.9024||B|
|Hotels and motels/18/||.0281||32||.8990||B|
|Amusement and recreational buildings/18/||.0300||30||.8990||B|
|All other nonfarm buildings/18/,/19/||.0249||38||.8990||B|
|Railroad replacement track/19//20/||.0275||38||.9480||C|
|Other railroad structures/19//20/||.0166||54||.9480||C|
|Electric light and power/20/:|
|Years before 1946||.0237||40||.9480||C|
|1946 and later years||.0211||45||.9480||C|
|Mining exploration, shafts, and wells:|
|Petroleum and natural gas/22/:|
|Years before 1973||.0563||16||.9008||C|
|1973 and later years||.0751||12||.9008||C|
|Residential capital (private and government)|
|1-to-4-unit structures-additions and alterations/21/||.0227||40||.9100||A|
|1-to-4-unit structures-major replacements/21/||.0364||25||.9100||A|
|5-or-more-unit structures-additions and alterations/21/||.0284||32||.9100||A|
|5-or-more-unit structures-major replacements/21/||.0455||20||.9100||A|
|Durable goods owned by consumers/25/|
|Furniture, including mattresses and bedsprings||.1179||14||1.6500||B|
|Kitchen and other household appliances||.1500||11||1.6500||C|
|China, glassware, tableware, and utensils/26/||.1650||10||1.6500||C|
|Other durable house furnishings/26/||.1650||10||1.6500||C|
|Video and audio products, computers and peripheral equipment, and musical instruments/27/||.1833||9||1.6500||B|
|Jewelry and watches/26/||.1500||11||1.6500||C|
|Ophthalmic products and orthopedic appliances/26/||.2750||6||1.6500||C|
|Books and maps/26/||.1650||10||1.6500||C|
|Wheel goods, sports and photographic equipment, boats, and pleasure aircraft/28/||.1650||10||1.6500||C|
|Other motor vehicles/29/||.2316||8||1.8530||A|
|Tires, tubes, accessories, and other parts/29/||.6177||3||1.8530||A|
|Government nonresidential equipment/30/|
|Attack, F-15 and F-16 types||.0825||20||1.6500||C|
|Cargo and trainers||.0660||25||1.6500||C|
|Years before 1982||.1179||14||1.6500||C|
|1982 and later years||.1650||10||1.6500||C|
|Fire control equipment||10|
|Government furnished equipment:|
|Tanks, armored personnel carriers, and other combat vehicles||.0825||20||1.6500||C|
|Computers and peripheral equipment/33/|
|Weapons and fire control||.1375||12||1.6500||C|
|Computers and peripheral equipment/33/|
|U.S. Postal Service:|
|Computers and peripheral equipment/33/|
|Tennessee Valley Power Authority||.0500||33||1.6500||C|
|Bonneville Power Authority||.0500||33||1.6500||C|
|State and local:|
|Power tools, lawn and garden equipment||.1650||10||1.6500||C|
|Miscellaneous metal products||.0917||18||1.6500||C|
|Agricultural machinery and equipment||.1833||9||1.6500||C|
|Construction machinery and equipment||.1650||10||1.6500||C|
|Metalworking machinery and equipment||.1031||16||1.6500||C|
|General purpose machinery and equipment||.1500||11||1.6500||C|
|Special industry machinery and equipment||.1500||11||1.6500||C|
|Integrating and measuring instruments||.1375||12||1.6500||C|
|Motors, generators, motor generator sets||.0516||32||1.6500||C|
|Switchgear and switchboard equipment||.0500||33||1.6500||C|
|Electronic components and accessories||.1833||9||1.6500||C|
|Miscellaneous electrical machinery||.1375||12||1.6500||C|
|Calculating and accounting machines||.2357||7||1.6500||C|
|Computers and peripheral equipment|
|Machine shop products||.2063||8||1.6500||C|
|Wood commercial furniture||.1179||14||1.6500||C|
|Metal commercial furniture||.1179||14||1.6500||C|
|Home electronic equipment||.1500||11||1.6500||C|
|Sporting and athletic goods||.1650||10||1.6500||C|
|Photographic and photocopying equipment||.1650||10||1.6500||C|
|Mobile classrooms, mobile offices, etc||.1650||10||1.6500||C|
|Government nonresidential structures/34/|
|Federal, State, and local:|
|Highways and streets||.0152||60||.9100||C|
|Conservation and development||.0152||60||.9100||C|
1. This column refers to Hulten-Wykoff categories. Type A assets are types of assets for which Hulten-Wykoff specifically estimated age-price profiles. Type B assets are those for which Hulten-Wykoff used empirical research by others and their judgement to estimate the depreciation rate. Type C assets are assets for which Hulten-Wykoff estimated an average declining-balance rate from data for all type A and B assets.
2. The depreciation rate for this type of asset is not used for computers and peripheral equipment. Depreciation rates for these assets are taken from Oliner as described in the text.
3. The declining-balance rate is from the Hulten-Wykoff communications equipment aggregate.
4. Instruments and other private nonresidential equipment, called producer durable equipment by Hulten-Wykoff, are classified by them to be of type C, but appear to be of type B as they were given a declining-balance rate of 1.6203.
5. The declining-balance rate is from the Hulten-Wykoff other producer durable equipment aggregate.
6. The depreciation rates for nuclear fuel are based on a straight-line rate pattern and a Winfrey retirement pattern.
7. The declining-balance rate is from the Hulten-Wykoff fabricated metal products aggregate.
8. The declining-balance rate is from the Hulten-Wykoff engines and turbines aggregate.
9. The depreciation rate and service life listed apply to nonmanufacturing industries; the service lives and depreciation rates used for manufacturing industries differ by industry. The Hulten-Wykoff type of asset listed applies to all industries.
10. The declining-balance rate is from the Hulten-Wykoff trucks, buses and truck trailer aggregate.
11. Depreciation rates for autos are derived from data on new and used auto prices.
12. The declining-balance rate is from the Hulten-Wykoff furniture and fixtures aggregate.
13. The declining-balance rate is from the Hulten-Wykoff tractors aggregate.
14. The declining-balance rate is from the Hulten-Wykoff service industry machinery aggregate.
15. The declining-balance rate is set to the Hulten-Wykoff producer durable equipment default.
16. The declining-balance rate is from the Hulten-Wykoff electrical equipment (not elsewhere classified) aggregate.
17. The declining-balance rate is from the Hulten-Wykoff commercial aggregate.
18. The declining-balance rate is from the Hulten-Wykoff other private nonresidential structures aggregate, which consists of buildings used primarily for social and recreational activities and buildings not elsewhere classified.
19. The depreciation rate for this type of asset is not consistent with its declining-balance rate. This inconsistency, which is likely to be very small, will be corrected at the next comprehensive revision.
20. The declining-balance rate is from the Hulten-Wykoff public utilities aggregate.
21. The declining-balance rate is set to the Hulten-Wykoff private nonresidential structures default.
22. The declining-balance rate is from the Hulten-Wykoff mining exploration, shafts and wells aggregate.
23. The declining-balance rate is from the Hulten-Wykoff other private nonresidential structures aggregate, which consists of streets, dams and reservoirs, sewer and water facilities.
24. The declining-balance rate is set to the Hulten-Wykoff producer durable equipment default.
25. For all consumer durables except for motor vehicles and parts and computing equipment, the declining-balance rate is set to the Hulten-Wykoff producer durable equipment default.
26. The corresponding Hulten-Wykoff consumer durables category is other.
27. Depreciation rates for computers and peripheral equipment are taken from Oliner as described in the text. The information listed applies to video and audio products and musical instruments. The corresponding Hulten-Wykoff aggregate is radio and television receivers, recorders, and musical instruments. Radio and television receivers, recorders, and musical instruments are classified by Hulten-Wykoff to be of type B, but are indistinguishable from type C as their declining-balance rate is 1.65.
28. The corresponding Hulten-Wykoff consumer durables category is wheel goods, durable toys, sports equipment.
29. The declining-balance rate is from the Hulten-Wykoff motor vehicles and parts aggregate. The declining-balance rate for this category is calculated under the assumption that the service life for consumer durables motor vehicles and parts is equal to the service life for producer durable equipment autos previously used by BEA.
30. For most government nonresidential equipment, the declining-balance rate is set to the Hulten-Wykoff producer durable equipment default. Where possible, the rate is set equal to the rate used for comparable equipment in the private sector.
31. Missiles are depreciated using straight-line patterns of depreciation and a Winfrey retirement pattern.
32. Depreciation rates for government-owned autos are derived from data on autos that are privately owned.
33. Depreciation rates for these assets are taken from Oliner as described in the text.
34. For all government nonresidential structures, the declining-balance rate is set to the Hulten-Wykoff private nonresidential structures default.