(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
2011	70%
2010	41%
2009	18%
2008 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
2011	85%
2010	69%
2009	50%
2008	35%
2007 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
2011	92%
2010	85%
2009	77%
2008	72%
2007	64%
2006	56%
2005	46%
2004	36%
2003	29%
2002 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.

ADMINISTRATIVE RULES OF MONTANA 3/31/12 42-2139

42.21.113 DEPARTMENT OF REVENUE

YEAR NEW/ACQUIRED	TRENDED % GOOD
2011	80%
2010	65%
2009	58%
2008	51%
2007	45%
2006	42%
2005	35%
2004	31%
2003	30%
2002	30%
2001	26%
2000	23%
1999	19%
1998	20%
1997	19%
1996	20%
1995	15%
1994	16%
1993 and older	16%

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

YEAR NEW/ACQUIRED	TRENDED % GOOD
2011	25%
2010	15%
2009 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, 2011.