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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 in the Marshall & Swift Valuation Service Guide 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 percent and the "% good" for equipment shall be 5 percent if acquired in 2005 and prior.

(3) For wheeled seismograph units, an additional 80 percent 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 2013.

 

 

SEISMOGRAPH UNIT

YEAR NEW/ACQUIRED

% GOOD

TREND FACTOR

TRENDED % GOOD

WHOLESALE FACTOR

WHOLESALE % GOOD

2013

100%

1.000

100%

80%

80%

2012

85%

1.000

85%

80%

68%

2011

69%

1.026

71%

80%

57%

2010

52%

1.054

55%

80%

44%

2009

34%

1.039

35%

80%

28%

2008

23%

1.076

25%

80%

20%

2007-2006

20%

1.124

22%

80%

18%

2005 and older

5%

 

 

 

5%

 

 

SEISMOGRAPH ALLIED EQUIPMENT

YEAR NEW/
ACQUIRED

% GOOD

TREND FACTOR

TRENDED %
GOOD

2013

100%

1.000

100%

2012

85%

1.000

85%

2011

69%

1.026

71%

2010

52%

1.054

55%

2009

34%

1.039

35%

2008

23%

1.076

25%

2007-2006

20%

1.124

22%

2005 and older

5%

5%

 

 

(5) This rule is effective for tax years beginning after December 31, 2012

 

History: 15-1-201, MCA; IMP, 15-6-135, 15-6-138, 15-6-207, 15-6-219, 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; AMD, 2010 MAR p. 3022, Eff. 12/24/10; AMD, 2012 MAR p. 409, Eff. 2/24/12; AMD, 2012 MAR p. 2496, Eff. 12/7/12.

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