| Water and Water Systems |
The Company’s water and water systems consist of the following:
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August 31, 2021 |
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August 31, 2020 |
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Accumulated |
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Accumulated |
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Depreciation |
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Depreciation |
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Costs |
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and Depletion |
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Costs |
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and Depletion |
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(In thousands) |
Rangeview water supply |
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$ |
14,622 |
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$ |
(17) |
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$ |
14,570 |
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$ |
(15) |
Sky Ranch water rights and other costs |
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7,338 |
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(1,087) |
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7,499 |
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(981) |
Fairgrounds water and water system |
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2,900 |
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(1,327) |
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2,900 |
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(1,239) |
Rangeview water system |
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17,526 |
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(1,470) |
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15,948 |
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(789) |
Water supply – Other |
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7,569 |
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(1,433) |
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7,550 |
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(1,116) |
Wild Pointe service rights |
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1,632 |
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(775) |
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1,632 |
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(708) |
Sky Ranch pipeline |
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5,727 |
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(793) |
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5,727 |
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(602) |
Lost Creek water supply |
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3,374 |
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— |
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3,372 |
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— |
Construction in progress |
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3,304 |
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— |
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1,339 |
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— |
Totals |
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63,992 |
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(6,902) |
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60,537 |
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(5,450) |
Net investments in water and water systems |
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$ |
57,090 |
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$ |
55,087 |
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| Useful Lives by Asset Class |
The following table presents the estimated useful lives by asset class used for calculating depreciation and depletion charges:
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Assets Classes |
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Estimated Useful Lives |
Wild Pointe |
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Units of production depletion |
Rangeview water supply |
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Units of production depletion |
Lost Creek water supply |
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Units of production depletion |
Rangeview, Sky Ranch and WISE water systems |
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30 years |
ECCV wells |
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10 years |
Furniture and fixtures |
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5 years |
Trucks and heavy equipment |
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5 years |
Water system general (pumps, valves, etc.) |
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5 years |
Computers |
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3 years |
Water equipment |
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3 years |
Software |
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1 year |
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| Land and Mineral Interest |
As of August 31, the costs allocated to the Company’s land is as follows:
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August 31, 2021 |
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August 31, 2020 |
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(In thousands) |
Sky Ranch Land |
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$ |
2,601 |
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$ |
3,569 |
Sky Ranch development costs |
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3,105 |
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1,128 |
Lost Creek land |
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218 |
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218 |
Net land and mineral interest |
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$ |
5,924 |
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$ |
4,915 |
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