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 2007 92% 1.000 92% 2006 84% 1.049 88% 2005 76% 1.098 83% 2004 67% 1.181 79% 2003 58% 1.222 71% 2002 49% 1.242 61% 2001 39% 1.250 49% 2000 30% 1.260 38% 1999 24% 1.283 31% 1998 and older 20% 1.287 26% (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, 2007.