50 IAC 5.1-6-5
50 IAC 5.1-6-5 Nominally valued depreciable personal property
Cite as Ind. Admin. Code tit. 50, r. 5.1-6-5
Sec. 5. Depreciable personal property recorded on the books and records at a nominal value or at no value must be valued at its actual
acquisition cost determined by reference to the insurable value in the year of acquisition for Indiana property tax assessment purposes. This category
of property includes, but is not limited to:
(1) bulk purchases; or
(2) the acquisition of a going business concern.