ARM 42.21.153. SKI LIFT EQUIPMENT

(1) The average market value of ski lift equipment, which is classified as aerial lifts, surface lifts, portable lifts and tows and which include the towers, cables, ropes, sheave assemblies, the conveying devices, power units, and all accessories, shall be determined by trending and depreciating the original installed cost on an age/life basis to compensate for ordinary physical deterioration and/or functional obsolescence. (2) The "average of all" industry trend factors as indicated by the Marshall Valuation Service shall be used. (3) The depreciation schedules shall be determined by the life expectancy of the equipment and will normally compensate for the loss in value due to ordinary wear and tear, offset by reasonable maintenance, and ordinary functional obsolescence due to the technological changes during the life expectancy period. DEPRECIATION TABLE FOR SKI LIFT EQUIPMENT YEAR NEW/ TREND TRENDED ACQUIRED % GOOD FACTOR % GOOD 2006 92% 1.000 92% 2005 84% 1.038 87% 2004 76% 1.116 85% 2003 67% 1.155 77% 2002 58% 1.174 68% 2001 49% 1.182 58% 2000 39% 1.191 46% 1999 30% 1.213 36% 1998 24% 1.217 29% 1997 and older 20% 1.227 25% (a) The taxpayer must initially list with the department: (i) all equipment by year of installation; and (ii) installed costs of that equipment. (b) Each year thereafter, the taxpayer must list with the department: (i) all additions or deletions from the previous year's list, with installed cost. (4) This methodology is effective for tax years beginning after December 31, 2006.