Laserfiche WebLink
• <br /> 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 /> Discount for Ownership is addressed, ie. discounts applicable immediately after an asset <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). <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 /> Covid-19 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 addressingnumerous <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 /> 2021-00208 Page 5 oft <br /> - 137- <br />