2010 Personal Property Form
2010 Idle Equipment Form
2010 Qualified Personal Property
2010 Daily Rental Property Form
2010 Cellular Equipment Form 4452
Be sure you are reporting the original costs of all assets on the original year of acquisition line. For example, if you purchased a desk for $400 in 2007, it should be reported on the 2007 line of section A (furniture & fixtures) at a cost of $400. The State Tax Commission has set the depreciation multipliers for each section and each year the assets get depreciated further and further.
Don’t forget to report all written-off equipment. Even though an asset may be fully depreciated according to your accounting standards, it is still required to be reported on the personal property statement.