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 percent and the "% good" for equipment more than five years old shall be 5 percent. (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 2011. SEISMOGRAPH UNIT YEAR NEW/ACQUIRED % GOOD TREND FACTOR TRENDED % GOOD WHOLESALE FACTOR WHOLESALE % GOOD 2011 100% 1.000 100% 80% 80% 2010 85% 1.000 85% 80% 68% 2009 69% 0.983 68% 80% 54% 2008 52% 1.017 53% 80% 42% 2007 34% 1.064 36% 80% 29% 2006 20% 1.126 23% 80% 18% 2005 and older 5% 1.183 6% 80% 5% SEISMOGRAPH ALLIED EQUIPMENT YEAR NEW/ ACQUIRED % GOOD TREND FACTOR TRENDED % GOOD 2011 100% 1.000 100% 2010 85% 1.000 85% 2009 69% 0.983 68% 2008 52% 1.017 53% 2007 34% 1.064 36% 2006 20% 1.126 23% 2005 and older 5% 1.183 6% (5) This rule is effective for tax years beginning after December 31, 2010.