ARM 42.21.113. LEASED AND RENTAL EQUIPMENT

(1) Leased or rental equipment that is leased or rented on an hourly, daily, weekly, semimonthly, or monthly basis, but is not exempt under 15-6-219(5) or 15-6-202(4), 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 2010 70% 2009 43% 2008 18% 2007 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 2010 85% 2009 66% 2008 54% 2007 36% 2006 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 2010 92% 2009 84% 2008 81% 2007 73% 2006 65% 2005 57% 2004 47% 2003 36% 2002 29% 2001 and older 25% (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 2011 80% 2010 58% 2009 52% 2008 43% 2007 41% 2006 34% 2005 31% 2004 30% 2003 30% 2002 26% 2001 25% 2000 22% 1999 18% 1998 20% 1997 19% 1996 19% 1995 15% 1994 16% 1993 17% 1992 and older 16% (e) For rental video tapes and digital video disks the following schedule will be used: YEAR NEW/ACQUIRED TRENDED % GOOD 2010 25% 2009 15% 2008 and older 10% (2) For all other leased property that is not rented on an hourly, daily, weekly, semimonthly, or monthly basis, the valuation procedures shall be the same as other like personal property. (3) When a special mobile permit (SM plate), as defined in 61-4-101(66), 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 15-6-219(5) or 15-6-202(4), MCA, will be assessed and taxed as class eight property. (5) This rule is effective for tax years beginning after December 31, 2010.