Code Brief Definition Expanded Definition 1 Unused-good Unused property that is usable without repairs and identical or interchangeable with new items from normal supply sources. 2 Unused-fair Unused property that is usable without repairs, but is deteriorated or damaged to the extent that utility is somewhat impaired. 3 Unused-poor Unused property that is usable without repairs, but is considerably deteriorated or damaged.
Enough utility remains to classify the property better than salvage.
4 Used-good Used property that is usable without repair and most of its useful life remains. 8 Repairs reuired-fair Required repairs are considerable and are estimated to range from 16 percent to 40 percent of original acquisition cost.