(1) Leased or rental equipment that is leased or rented on an hourly, daily, weekly, semimonthly, or monthly basis, but is not exempt under 15-6-219(5) or 15-6-202(4), MCA, will be valued in the following manner:

(a) For equipment that has an acquired cost of $0 to $500, the department shall use a four-year trended depreciation schedule. The trended schedule will be the same as ARM 42.21.155, category 1.

 

YEAR NEW/ACQUIRED	TRENDED % GOOD
2009	70%
2008	42%
2007	16%
2006 and older	8%

 

(b) For equipment that has an acquired cost of $501 to $1,500, the department shall use a five-year trended depreciation schedule. The trended schedule will be the same as ARM 42.21.155, category 2.

 

YEAR NEW/ACQUIRED	TRENDED % GOOD
2009	85%
2008	75%
2007	58%
2006	38%
2005 and older	22%

 

(c) For equipment that has an acquired cost of $1,501 to $5,000, the department shall use a ten-year trended depreciation schedule. The trended schedule will be the same as ARM 42.21.155, category 8.

YEAR NEW/ACQUIRED	TRENDED % GOOD
2009	92%
2008	89%
2007	83%
2006	75%
2005	67%
2004	59%
2003	47%
2002	37%
2001	29%
2000 and older	25%

 

(d) For equipment that has an acquired cost of $5,001 to $15,000, the department shall use the trended depreciation schedule for heavy equipment. The schedule will be the same as ARM 42.21.131.

 

YEAR NEW/ACQUIRED	TRENDED % GOOD
2010	80%
2009	65%
2008	58%
2007	56%
2006	50%
2005	44%
2004	41%
2003	38%
2002	36%
2001	36%
2000	29%
1999	25%
1998	24%
1997	24%
1996	25%
1995	22%
1994	21%
1993	22%
1992	21%
1991 and older	21%

 

(e) For rental video tapes and digital video disks the following schedule will be used:

 

YEAR NEW/ACQUIRED	TRENDED % GOOD
2009	25%
2008	15%
2007 and older	10%

(2) For all other leased property that is not rented on an hourly, daily, weekly, semimonthly, or monthly basis, the valuation procedures shall be the same as other like personal property.

(3) When a special mobile permit (SM plate), as defined in 61-4-101(66), MCA, is purchased for lease or rental equipment, the equipment will be classified and valued the same as other SM equipment in class eight.

(4) All leased and rental property not exempt under 15-6-219(5) or 15-6-202(4), MCA, will be assessed and taxed as class eight property.

(5) This rule is effective for tax years beginning after December 31, 2009.