The purpose of Assessor Handbook (AH) 581 is to:
a) Explain the derivation of equipment percent good factors.
b) Promote uniformity in appraisal practices.
c) Promote uniformity in assessed values throughout the state.
d) b & c.
AH 581 contains several tables of index, percent good, and valuation factors to aid assessors in the mass appraisal of various types of personal property (equipment) and fixtures.
a) True
b) False
AH 581 index factors are used to:
a) Estimate the replacement cost new of equipment and fixtures as of their acquisition date.
b) Estimate the replacement cost new of equipment and fixtures as of the lien date for which their valuation is sought.
c) Estimate the reproduction cost new of equipment and fixtures as of their acquisition date.
d) Estimate the reproduction cost new of equipment and fixtures as of the lien date for which their valuation is sought.
AH 581 percent good factors are used to:
a) Estimate and account for the effects of price changes on value when calculating RCN.
b) Estimate and account for the effects of normal depreciation on value when calculating RCNLD.
c) Estimate and account for the effects of rapid changes in technology on value when calculating RCNLD.
d) Estimate and account for the effects of all forms of depreciation on value when calculating RCN.
AH 581 valuation factors capture and account for all forms of depreciation and price changes:
a) True
b) False
You are appraising bakery equipment purchased in 2006 for $65,250. Recognizing that such equipment has a 15 year average service (economic) life, what is the estimated reproduction cost new (RCN) of the equipment, as of January 1, 2011?
a) $70,470
b) $71,123
c) $72,428
d) $99,180
You are appraising three forklifts purchased in 1996 for $47,500. Recognizing that forklifts have a 10 year average service (economic) life, what is the estimated reproduction cost new (RCN) of the equipment, as of January 1, 2011?
a) $59,850
b) $63,650
c) $63,929
d) $65,075
You are appraising bank surveillance cameras (fixtures) purchased in 2001 for $33,850. Recognizing that bank cameras have a 10 year average service (economic) life, what is the estimated reproduction cost new (RCN) of the surveillance cameras, as of January 1, 2011?
a) $40,620
b) $43,328
c) $44,005
d) $45,359
You are appraising a machine shop lathe purchased in 1999 for $84,700. Recognizing that machine shop equipment has a 12 year average service (economic) life, what is the estimated reproduction cost new (RCN) of the equipment, as of January 1, 2011?
a) $102,487
b) $110,110
c) $116,039
d) $113,498
You are appraising food processing machinery and equipment purchased in 1995 for $234,100. Recognizing that food processing industry equipment has a 15 year average service (economic) life, what is the estimated reproduction cost new (RCN) of the machinery and equipment, as of January 1, 2011?
a) $299,648
b) $325,399
c) $320,717
d) $355,832
You are appraising glass bottle forming machinery and equipment purchased in 1999 for $487,500. Recognizing that such equipment has an 8 year average service (economic) life, what is the estimated reproduction cost new (RCN) of the equipment, as of January 1, 2011?
a) $638,625
b) $585,000
c) $589,875
d) $653,250
You are appraising ice plant machinery and equipment purchased in 1995 for $234,600. Recognizing that such equipment has a 15 year average service (economic) life, what is the estimated reproduction cost new (RCN) of the equipment, as of January 1, 2011?
a) $295,596
b) $321,402
c) $326,094
d) $300,288
You are appraising cement manufacturing machinery and equipment purchased in 1988 for $1,576,300. Recognizing that such equipment has a 30 year average service (economic) life, what is the estimated reproduction cost new (RCN) of the equipment, as of January 1, 2011?
a) $2,443,265
b) $2,663,947
c) $2,695,473
d) $2,537,843
You are appraising dairy milk barn equipment purchased in 2003 for $44,800. Recognizing that such equipment has a 15 year average service (economic) life, what is the estimated reproduction cost new (RCN) of the equipment, as of January 1, 2011?
a) $57,344
b) $53,312
c) $56,448
d) $56,000
You are appraising a harvester purchased new in 2002 for $153,600. What is the estimated reproduction cost new (RCN) of the equipment, as of January 1, 2011?
a) $193,536
b) $196,608
c) $199,680
d) $153,600
You are appraising a farm tractor purchased used in 2002 for $38,200. What is the estimated reproduction cost new (RCN) of the equipment, as of January 1, 2011?
a) $38,200
b) $48,132
c) $48,896
d) $49,660
You are appraising hulling (agricultural) equipment purchased new in 1990 for $38,200. Recognizing that such equipment has a 15 year average service (economic) life, what is the estimated reproduction cost new (RCN) of the equipment, as of January 1, 2011?
a) $59,974
b) $63,794
c) $52,334
d) $54,626
You are appraising a tower crane purchased new in 1995 for $973,500. Recognizing that such equipment has a 12 year average service (economic) life, what is the estimated reproduction cost new (RCN) of the equipment, as of January 1, 2011?
a) $1,333,695
b) $1,362,900
c) $1,382,370
d) $1,304,490
You are appraising a bulldozer purchased used in 2002 for $288,700. What is the estimated reproduction cost new (RCN) of the equipment, as of January 1, 2011?
a) $346,440
b) $360,875
c) $363,762
d) $369,536
You are appraising a truck mounted crane purchased new in 2000 for $199,200. What is the estimated reproduction cost new (RCN) of the equipment, as of January 1, 2011?
a) $262,944
b) $239,040
c) $258,960
d) $254,976
You are appraising bowling alley equipment, acquired in 1999, with a 2011 lien date RCN of $67,100. Recognizing that such equipment has a 15 year average service (economic) life, what is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $24,827
b) $89,914
c) $81,191
d) $21,472
You are appraising a car wash, acquire in 2008, with a 2011 lien date RCN of $123,400. Recognizing that such equipment has a 12 year average service (economic) life, what is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $98,720
b) $104,890
c) $101,188
d) $90,082
You are appraising equipment, acquired in 2002, that manufactures electronic equipment and has a 2011 lien date RCN of $876,500. Recognizing that such equipment has a 10 year average service (economic) life, what is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $175,300
b) $289,245
c) $333,070
d) $227,890
You are appraising furniture manufacturing equipment, acquired in 2003, with a 2011 lien date RCN of $357,900. Recognizing that such equipment has a 15 year average service (economic) life, what is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $207,582
b) $189,687
c) $193,266
d) $232,635
You are appraising non-mobile farm equipment, purchased used in 2000, with a 2011 lien date RCN of $83,200. Recognizing that such equipment has a 15 year average service (economic) life, what is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $26,624
b) $19,136
c) $34,944
d) $28,288
You are appraising a harvester, purchased new in 2003, with a 2011 lien date RCN of $74,700. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $43,326
b) $21,663
c) $28,386
d) $26,145
You are appraising a farm tractor, purchased in 2007, with a 2011 lien date RCN of $47,800. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $38,240
b) $32,504
c) $27,724
d) $30,114
You are appraising a mobile agricultural sprayer, purchased used in 2004, with a 2011 lien date RCN of $23,300. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $11,650
b) $9,320
c) $10,718
d) $14,912
You are appraising non-mobile construction equipment, purchased new in 1999, with a 2011 lien date RCN of $101,000. Recognizing that such equipment has a 12 year average service (economic) life, what is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $22,220
b) $26,260
c) $32,320
d) $29,290
You are appraising a construction motor grader, purchased used in 2008, with a 2011 lien date RCN of $223,500. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $165,390
b) $178,800
c) $134,100
d) $151,980
You are appraising a truck mounted crane, purchased in 2001, with a 2011 lien date RCN of $178,100. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $56,992
b) $67,678
c) $62,335
d) $55,211
You are appraising a bulldozer, purchased new in 2010, with a 2011 lien date RCN of $199,900. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $187,906
b) $165,917
c) $181,909
d) $147,926
You are appraising restaurant equipment purchased new in 2003 for $144,000. Recognizing that such equipment has a 12 year average service (economic) life, what is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $64,800
b) $92,160
c) $54,720
d) $82,944
You are appraising office equipment purchased new in 1995 for $119,000. Recognizing that such equipment has a 12 year average service (economic) life, what is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $14,887
b) $14,673
c) $17,933
d) $10,710
You are appraising 10 desktop computers purchased new in 2006 for $14,500. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $1,160
b) $2,610
c) $1,740
d) $1,450
You are appraising 10 multifunction laser printers purchased new in 2009 for $7,800. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $780
b) $3,042
c) $3,666
d) $1,872
You are appraising 10 local area network servers purchased new in 2007 for $25,000. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $3,750
b) $4,750
c) $5,750
d) $7,500
You are appraising a mainframe computer purchased in 2008 for $250,000. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $47,500
b) $37,500
c) $75,000
d) $60,000
You are appraising semiconductor manufacturing fixtures purchased in 2004 for $945,700. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $444,479
b) $113,484
c) $368,823
d) $75,656
You are appraising semiconductor manufacturing machinery and equipment purchased in 2005 for $2,353,200. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $423,576
b) $1,270,728
c) $2,729,412
d) $2,612,052
You are appraising biopharmaceutical industry lab equipment purchased in 2003 for $784,400. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $94,128
b) $305,916
c) $180,412
d) $933,436
You are appraising biopharmaceutical industry commercial manufacturing equipment purchased in 2008 for $3,112,700. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $3,143,827
b) $1,711,985
c) $2,365,652
d) $2,116,636
You are appraising biopharmaceutical industry pilot scale manufacturing equipment purchased in 2007 for $1,300,300. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $767,177
b) $910,210
c) $546,126
d) $1,378,318
You are appraising biopharmaceutical industry fixtures and process piping purchased in 2007 for $632,500. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $265,650
b) $373,175
c) $480,700
d) $442,750
You are appraising 10 copiers (document processors) purchased in 2009 for $46,800. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $46,800
b) $21,996
c) $14,976
d) $13,104
You are appraising an offset lithographic printing press purchased in 2010 for $51,700. What is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $51,700
b) $47,074
c) $38,376
d) $47,047
You are appraising dentist office equipment purchased new in 2000 for $174,300. Recognizing that such equipment has a 12 year average service (economic) life, what is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $45,318
b) $59,367
c) $54,382
d) $228,333
You are appraising 50 golf course golf carts purchased new in 2002 for $430,000. Recognizing that such equipment has a six year average service (economic) life, what is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $39,130
b) $12,900
c) $16,770
d) $16,512
You are appraising movie theater equipment acquired in 2007 for $273,600. Recognizing that such equipment has a 15 year average service (economic) life, what is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $232,013
b) $290,016
c) $218,880
d) $273,600
You are appraising 25 computer monitors acquired by insurance office in 2010 for $13,370. Recognizing that office equipment has a 12 year average service (economic) life, what is the estimated reproduction cost new less depreciation (RCNLD) of the equipment, as of January 1, 2011?
a) $12,568
b) $13,370
c) $9,760
d) $7,220
