INTANGIBLE ASSETS - LAND USE RIGHTS - 8615.2

Land use rights include easements, mineral rights, timber rights, and water rights. Departments will report land use rights acquired separately from the associated land as intangible assets and land use rights acquired as part of a land purchase as land. For information on classifying property as land, see SAM Section 8610.1.

Departments will amortize land use rights when the estimated useful life is limited by contract, law, or regulation.

Departments will record land use rights using the following accounts:

• Account No. 1620400, Land Use Rights - Amortizable
• Account No. 1625400, Land Use Rights - Non-Amortizable

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