ARM 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 2007. SEISMOGRAPH UNIT YEAR NEW/ % TREND TRENDED WHOLESALE WHOLESALE ACQUIRED GOOD FACTOR % GOOD FACTOR % GOOD 2007 100% 1.000 100% 80% 80% 2006 85% 1.000 85% 80% 68% 2005 69% 1.041 72% 80% 57% 2004 52% 1.130 59% 80% 47% 2003 34% 1.169 40% 80% 32% 2002 20% 1.193 24% 80% 19% 2001 and older 5% 1.199 6% 80% 5% SEISMOGRAPH ALLIED EQUIPMENT YEAR NEW/ TREND TRENDED ACQUIRED % GOOD FACTOR % GOOD 2007 100% 1.000 100% 2006 85% 1.000 85% 2005 69% 1.041 72% 2004 52% 1.130 59% 2003 34% 1.169 40% 2002 20% 1.193 24% 2001 and older 5% 1.199 6% (5) This rule is effective for tax years beginning after December 31, 2006.