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42.21.137    SEISMOGRAPH UNITS AND ALLIED EQUIPMENT

(1) Seismograph units and allied equipment shall be valued using the cost approach to market value. The taxpayer must provide to the department the acquired cost, the year acquired, and an itemized description of each piece of equipment. The acquired cost will be trended to current replacement cost and then depreciated according to the schedules mentioned in (2).

(2) The department shall prepare a five-year trended depreciation schedule for seismograph units and a five-year trended depreciation schedule for all other allied seismograph equipment. Trend factors and depreciation factors published by "Marshall and Swift Publication Company" will be used to develop the trended depreciation schedules. The trend factors shall be the most recent available from the "Chemical Industry Cost Indexes" listed in the above publication. The "% good" for seismograph units and other allied seismograph equipment less than one year old shall be 100% and the "% good" for equipment more than five years old shall be 5%.

(3) For wheeled seismograph units, an additional 80% wholesale factor shall be used in determining market value.

(4) The trended depreciation schedules referred to in (1) through (3) are listed below and shall be used for tax year 2009.

 

SEISMOGRAPH UNIT
 
 
 
 
 
 
YEAR NEW/
%
TREND
TRENDED
WHOLESALE
WHOLESALE
ACQUIRED
GOOD
FACTOR
% GOOD
FACTOR
% GOOD
2009
100%
1.000
100%
80%
80%
2008
85%
1.000
85%
80%
68%
2007
69%
1.033
71%
80%
57%
2006
52%
1.094
57%
80%
46%
2005
34%
1.149
39%
80%
31%
2004
20%
1.247
25%
80%
20%
2003 and older
5%
1.291
6%
80%
5%

 

SEISMOGRAPH ALLIED EQUIPMENT
 
 
 
 
YEAR NEW/
 
TREND
TRENDED
ACQUIRED
% GOOD
FACTOR
% GOOD
2009
100%
1.000
100%
2008
85%
1.000
85%
2007
69%
1.033
71%
2006
52%
1.094
57%
2005
34%
1.149
39%
2004
20%
1.247
25%
2003 and older
5%
1.291
6%
  

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

History: 15-1-201, MCA; IMP, 15-6-135, 15-6-138, 15-6-207, 15-6-219, 15-24-921, 15-24-922, 15-24-925, MCA; NEW, 1984 MAR p. 2036, Eff. 12/28/84; AMD, 1986 MAR p. 2068, Eff. 12/27/86; AMD, 1988 MAR p. 747, Eff. 4/15/88; AMD, 1989 MAR p. 613, Eff. 5/12/89; AMD, 1991 MAR p. 915, Eff. 6/14/91; AMD, 1991 MAR p. 2043, Eff. 11/1/91; AMD, 1992 MAR p. 2394, Eff. 10/30/92; AMD, 1993 MAR p. 2972, Eff. 12/10/93; AMD, 1994 MAR p. 3195, Eff. 12/23/94; AMD, 1996 MAR p. 1174, Eff. 4/26/96; AMD, 1996 MAR p. 3151, Eff. 12/6/96; AMD, 1997 MAR p. 2297, Eff. 12/16/97; AMD, 1998 MAR p. 3316, Eff. 12/18/98; AMD, 1999 MAR p. 2909, Eff. 12/17/99; AMD, 2000 MAR p. 3563, Eff. 12/22/00; AMD, 2001 MAR p. 2249, Eff. 11/9/01; AMD, 2002 MAR p. 3728, Eff. 12/27/02; AMD, 2003 MAR p. 2901, Eff. 12/25/03; AMD, 2004 MAR p. 2603, Eff. 10/22/04; AMD, 2005 MAR p. 2262, Eff. 11/11/05; AMD, 2006 MAR p. 2979, Eff. 12/8/06; AMD, 2007 MAR p. 1826, Eff. 11/9/07; AMD, 2008 MAR p. 2561, Eff. 11/27/08.

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