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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 2010.

 

SEISMOGRAPH UNIT
           
YEAR
NEW/ACQUIRED
% GOOD
TREND FACTOR
TRENDED % GOOD
WHOLESALE FACTOR
WHOLESALE % GOOD
2010
100%
1.000
100%
80%
80%
2009
85%
1.000
85%
80%
68%
2008
69%
1.041
72%
80%
57%
2007
52%
1.088
57%
80%
45%
2006
34%
1.153
39%
80%
31%
2005
20%
1.211
24%
80%
19%
2004 and older
5%
1.314
7%
80%
5%

 

SEISMOGRAPH ALLIED EQUIPMENT
       
YEAR NEW/
ACQUIRED
% GOOD
TREND FACTOR
TRENDED % GOOD
2010
100%
1.000
100%
2009
85%
1.000
85%
2008
69%
1.041
72%
2007
52%
1.088
57%
2006
34%
1.153
39%
2005
20%
1.211
24%
2004 and older
5%
1.314
7%
  

(5) This rule is effective for tax years beginning after December 31, 2009.

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; AMD, 2009 MAR p. 2497, Eff. 12/25/09.

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