MEMORANDUM FOR INDUSTRY DIRECTORS, LMSB DIRECTOR, FIELD SPECIALISTS, LMSB DIRECTOR, PREFILING AND TECHNICAL GUIDANCE, FROM:                           Thomas W. Wilson, Jr. /s/ Thomas W. Wilson, Jr. Industry Director, Communications, Technology & Media SUBJECT:                    Field Directive on Asset Class and Depreciation for Casino This memorandum is intended to provide direction to effectively utilize resources in the classification and examination of a taxpayer who is recovering construction costs through depreciation of tangible property used in connection with a land-based hotel/casino complex. Special rules may apply to floating casinos. For depreciation purposes, a casino’s exterior facades are I.R.C. § 1250 property and wall coverings, millwork, lighting fixtures, kitchen equipment hookups and emergency power generators are I.R.C. § 1245 property. However, if it can be determined that the emergency power generators’ output is attributable to building operations, a functional allocation is appropriate for these assets.

Hotel/casino complex site utilities are depreciable as I.R.C. § 1250 property. A casino’s outdoor pylon sign is a land improvement, and part of the sign may qualify as I.R.C. § 1245 property. It is also important to determine the activity in which an asset is primarily used to determine whether it is includible in Class Life 57, Distributive Trades and Services, or Class Life 79, Recreation. The matrix shown below contains recommendations for the categorization and lives of various land-based hotel/casino assets. visual comfort myrna chandelierIf the taxpayer’s tax return position for these assets is consistent with these recommendations, no adjustments should be made to categorizations and lives. murano glass chandelier montrealIf the taxpayer reports assets differently, then adjustments should be considered.chihuly style chandeliers for sale

Decorative Facades (Decorative exterior wall covering of the hotel/casino complex) 39 years (40 years for purposes of § 168 (g)) Ceilings (Dropped or lowered ceilings with decorative finishes) Wall Coverings (Strippable wall paper and vinyl) 5-7 years (10 years for purposes of § 168 (g)) Millwork (Includes decorative molding, trim, paneling and finish carpentry. Does not include door and window trim and other items that are integral parts of finished building components.) Lighting (Chandeliers, wall sconces, down lighting, neon lighting, column lights, theater lighting plus cost of the wiring and electrical connections associated with these fixtures. Does not include lighting relating to operation or maintenance of building.) Kitchen equipment hookups (Electrical outlets providing localized power sources for kitchen equipment. Does not include outlets relating to operation or maintenance of building.) Guest room electrical outlets (Outlets providing general access to electrical power)

Generators (Emergency power generators for emergency/safety systems and casino operations. If some of the generators’ output is for building then allocation is appropriate) Door locks (Hotel guest room computerized door locks) Site utilities (Systems that are used to distribute city-furnished utility services from the property line to the casino complex) Outdoor pylon sign (Consists of a superstructure and television-like message screen) This directive should be applied in the context of other applicable depreciation principles. For example, normal examination procedures should be followed to determine whether all appropriate costs, including IRC § 263A expenses, have been associated with a particular asset. Examiners are encouraged to exercise their professional judgement when developing and resolving factual issues. This memorandum is not an official pronouncement of the law or the Service’s position and cannot be used, cited, or relied upon as such.

If you have any questions, please contact Eric Lacher, Gaming Industry Technical Advisor, at (702) 455-1123. cc: Commissioner and Deputy Commissioner, LMSB Director, Performance, Quality and Innovation On this Wiki you will find tons of information for The Sims 3 game, such as reference guides, strategy guides and much more. We also have a dedicated section for the widely used Custom Content tool TSR Workshop. There you'll find all documentation needed to get you started with creating your very own Custom Content right away. Thanks for stopping by and enjoy the site! Here you will find detailed information about everything Sims 3 related, including... Cheats & Tricks: A comprehensive, detailed list of all cheats for the game... You know, just in case ;-) Song List: A list of all the music & songs from the game including preview clips and credits. Object Catalog: Details of Buy & Build mode items from the Base Game, EA Store and Expansion Packs.

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A big index of technical references, file format documentation, tools to use during the creation process, texture specifications, tutorial links and more awaits you at the TSR Workshop Index. Start your creativity there! These are the 25 Latest Pages added to the Wiki. Clothing Level Of Detail Taking the perfect screenshot Scene Creation a Brief Summary Resizing Photos in MS Paint Fixing Beds and Baths Reducing Polys in Wings 3D Creating a Coffee Table in Wings 3D Assigning Joints in TSRW Working with TIFF/PNG Textures Understanding the RGB Mask for Patterns S3PE Plugin for TSR Workshop My Multiplier is too dark/light Game Generated Launcher Thumbnails Adding Glass to Objects Sunlit Basements by Gosik Retexturing a bed in PaintShop Pro Using Transmogrifier-a simple walkthrough In-Depth Paintshop Pro object creation These are the people adding great content to the Wiki, keeping it accurate for you!