Central Compost Facility Sample Clauses

Central Compost Facility. During 2008, IWMC obtained third party opinion on the useful life of certain components of the compost facility. It was determined that the useful life ranged from 10 to 25 years for various capital components of the facility. Effective April 1, 2007, the change in depreciation was recognized prospectively on a straight line basis over the remaining useful lives of these assets. These new rates have been put in place and reflected continuously in audited financial statements commencing on statements ending March 31, 2008.