How should grantees calculate “mass transit useful life” less “charter life” of vehicles?
Any reasonable method of calculation is sufficient (e.g., average hours per week, month, or year subtracted from total hours; average miles per week, etc., subtracted from total miles). The calculation does not necessarily have to be done for each particular bus, and averages can be applied to an entire fleet. For instance, a grantee that provides 3 days of charter service per year per bus, would subtract 36 days from the 12-year useful life of each individual bus. Where, however, a transit authority reserves a particular bus or fleet of buses for charter service, it should keep manifests which record the charter life of the vehicles in question. This calculation applies to all buses a grantee is currently using, whether purchased before or after the effective date of the new charter regulations. 29. Question: How should grantees calculate “mass transit useful life” less “charter life” of facilities? Answer: The “useful life” concept applies only to buses and not to facilities. However
