(1) Leased or rental equipment that is leased or rented on an hourly, daily, or weekly basis, but is not exempt under 15-6-219, MCA, will be valued in the following manner:

(a) For equipment that has an acquired cost of $0 to $500, the department shall use a four-year trended depreciation schedule. The trended schedule will be the same as ARM 42.21.155, category 1.

 

YEAR NEW/ACQUIRED	TRENDED % GOOD
2008	70%
2007	38%
2006	16%
2005 and older	8%

 

(b) For equipment that has an acquired cost of $501 to $1,500, the department shall use a five-year trended depreciation schedule. The trended schedule will be the same as ARM 42.21.155, category 2.

 

YEAR NEW/ACQUIRED	TRENDED % GOOD
2008	85%
2007	71%
2006	53%
2005	35%
2004 and older	21%

 

(c) For equipment that has an acquired cost of $1,501 to $5,000, the department shall use a ten-year trended depreciation schedule. The trended schedule will be the same as ARM 42.21.155, category 8. 

YEAR NEW/ACQUIRED	TRENDED % GOOD
2008	92%
2007	86%
2006	80%
2005	73%
2004	65%
2003	56%
2002	45%
2001	35%
2000	28%
1999 and older	24%

 

(d) For equipment that has an acquired cost of $5,001 to $15,000, the department shall use the trended depreciation schedule for heavy equipment. The schedule will be the same as ARM 42.21.131.

YEAR NEW/ACQUIRED	TRENDED % GOOD
2009	80%
2008	65%
2007	63%
2006	56%
2005	50%
2004	44%
2003	40%
2002	37%
2001	35%
2000	32%
1999	28%
1998	29%
1997	29%
1996	29%
1995	26%
1994	26%
1993	24%
1992	23%
1991	22%
1990 and older	22%

 

(e) For rental video tapes and digital video disks the following schedule will be used:

 

YEAR NEW/ACQUIRED	TRENDED % GOOD
2008	25%
2007	15%
2006 and older	10%

 

(2) For all other leased property that is not rented on an hourly, daily, or weekly basis, the valuation procedures shall be the same as other like personal property.

(3) When a special mobile permit (SM plate), as defined in 61-1-104, MCA, is purchased for lease or rental equipment, the equipment will be classified and valued the same as other SM equipment in class eight.

(4) All leased and rental property not exempt under 15-6-201(1)(cc), MCA, will be assessed and taxed as class eight property.

(5) This rule is effective for tax years beginning after December 31, 2008.