| 1 | 
                New. Property which is in new condition or unused condition and can be used immediately without modifications or repairs. | 
            
            
                | 4 | 
                Usable. Property which shows some wear, but can be used without significant repair. | 
            
            
                | 7 | 
                Repairable. Property which is unusable in its current condition but can be economically repaired. | 
            
            
                | X | 
                Salvage. Property which has value in excess of its basic material content, but repair or rehabilitation is impractical and/or uneconomical. | 
            
            
                | S | 
                Scrap. Property which has no value except for its basic material content. |