State Codes and Statutes
Statutes > Missouri > T07 > C094 > 94_575Definitions.
94.575. The following words, as used in sections 94.575 to 94.577,shall mean:
(1) "Capital asset" or "fixed asset", assets of a long-term characterthat are intended to continue to be held or used, including but not limitedto land, buildings, machinery, furniture, and other equipment, includingcomputer hardware and software;
(2) "Capital improvements", any capital or fixed asset having anestimated economic useful life of at least two years.
(L. 2001 S.B. 352)
