(1) Leased or rental equipment that is leased or rented on an hourly, daily, or weekly basis, but is not exempt under 15-6-201(1)(cc), 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
2007	70%
2006	43%
2005	18%
2004 and older	9%

 

(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
2007	85%
2006	69%
2005	52%
2004	34%
2003 and older	20%

 

(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
2007	92%
2006	86%
2005	81%
2004	74%
2003	64%
2002	55%
2001	44%
2000	34%
1999	28%
1998 and older	23%

 

(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
2008	80%
2007	65%
2006	58%
2005	55%
2004	50%
2003	45%
2002	42%
2001	38%
2000	35%
1999	32%
1998	30%
1997	30%
1996	29%
1995	29%
1994	27%
1993	25%
1992	24%
1991	23%
1990	23%
1989 and older	22%

 

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

  

 

 

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

(3) When a special mobile permit (SM plate), as defined in 61-1-104, 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 15-6-201(1)(cc), MCA, will be assessed and taxed as class eight property.

 

(5) This rule is effective for tax years beginning after December 31, 2007.