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for developing depreciation schedules from market derived data <br />The ASA's concept and application of Remaining Obsolescence Factor is addressed <br />particularly as it relates to asset classification groups. <br />I <br />Discount for Ownership is addressed, ie. discounts applicable immediately after an asset j <br />is purchased, and offered for sale or sold to a secondary owner (for example a newly <br />purchased automobile immediately sold to a secondary purchaser). f <br />The Petitioner cites the work of PTRS in developing depreciation schedules for Tangible <br />Personal Property. It is stated that comparable sales data is utilized in this regard. <br />The Petitioner then offers its value analysis table showing pre-Covid-19 and post - <br />Co vid-l9 values as they are affected thereby. In this regard much information is provided <br />relating to macro -economic effects of Covid-19. Extensive discussion of economic <br />obsolescence follows. <br />Thereafter the Petitioner essentially presents an extensive essay addressing numerous <br />published and case sources discussing the development and use of depreciation curves. <br />Appendix G. H and I — PTRS Market -derived Depreciation Schedule Guide is addressed. <br />Appendix J is the Petitioner's Asset Detail Valuation Analysis, applying inflation factors <br />and the PTRS depreciation factors. <br />-121- <br />2021-0024$ Page 5 of 7 <br />