Wyoming SF0049 mandates the use of valuation indexes and depreciation schedules for tangible personal property, excluding certain exceptions, and.

Wyoming SF0049 revises the method for valuing tangible personal property, excluding specific exceptions, by requiring the use of valuation indexes and depreciation schedules. The Department of Revenue must prescribe these methods using generally accepted appraisal standards. Once the property reaches a depreciation floor of 20% of its installed cost, the trending factor remains constant until the property is removed from service.

Wyoming SF0049 mandates the use of valuation indexes and depreciation schedules for tangible personal property, excluding certain exceptions, and.

Wyoming SF0049 revises the method for valuing tangible personal property, excluding specific exceptions, by requiring the use of valuation indexes and depreciation schedules. The Department of Revenue must prescribe these methods using generally accepted appraisal standards. Once the property reaches a depreciation floor of 20% of its installed cost, the trending factor remains constant until the property is removed from service.