Rule 42.22.1306 - VALUATION OF INDUSTRIAL PROPERTY OTHER THAN LAND(1) All property other than land or industrial improvements to land shall be valued by trending the original installed cost to a current replacement cost, then depreciating on an age/life basis to compensate for ordinary physical deterioration and/or functional obsolescence.(2) If adequate market data exist, the department may apply the approaches to valuation described in ARM 42.22.1309.Mont. Admin. r. 42.22.1306
NEW, 1982 MAR p. 1270, Eff. 7/1/82; AMD, 2005 MAR p. 667, Eff. 4/29/05.15-1-201, MCA; IMP, 15-8-111, MCA;