(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
2010	70%
2009	43%
2008	18%
2007 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
2010	85%
2009	66%
2008	54%
2007	36%
2006 and older	21%

 

(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
2010	92%
2009	84%
2008	81%
2007	73%
2006	65%
2005	57%
2004	47%
2003	36%
2002	29%
2001 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
2011	80%
2010	58%
2009	52%
2008	43%
2007	41%
2006	34%
2005	31%
2004	30%
2003	30%
2002	26%
2001	25%
2000	22%
1999	18%
1998	20%
1997	19%
1996	19%
1995	15%
1994	16%
1993	17%
1992 and older	16%

 

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

 

YEAR NEW/ACQUIRED	TRENDED % GOOD
2010	25%
2009	15%
2008 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, 2010.