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 15-6-202 or 15-6-219, 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 2014 70% 2013 44% 2012 19% 2011 and older 9% (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 2014 85% 2013 69% 2012 50% 2011 33% 2010 and older 22% (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 2014 92% 2013 85% 2012 77% 2011 70% 2010 61% 2009 52% 2008 44% 2007 35% 2006 28% 2005 and older 26% (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 2015 80% 2014 65% 2013 62% 2012 58% 2011 52% 2010 49% 2009 43% 2008 40% 2007 37% 2006 34% 2005 33% 2004 32% 2003 29% 2002 27% 2001 25% 2000 23% 1999 22% 1998 21% 1997 21% 1996 and older 19% (e) For rental video tapes and digital video disks, the following trended depreciation schedule will be used: YEAR NEW/ACQUIRED TRENDED % GOOD 2014 25% 2013 15% 2012 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 15-6-202(4) or 15-6-219(5), MCA, will be assessed and taxed as class eight property. (5) This rule is effective for tax years beginning after December 31, 2014.