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/ ACQUIRED % GOOD TREND FACTOR TRENDED % GOOD 2011 92% 1.000 92% 2010 84% 1.025 86% 2009 76% 1.017 77% 2008 67% 1.046 70% 2007 58% 1.087 63% 2006 49% 1.147 56% 2005 39% 1.200 47% 2004 30% 1.290 39% 2003 24% 1.335 32% 2002 and older 20% 1.357 27% (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, 2011.