Valuation of Personal Property and Fixtures
Using Assessors’ Handbook Section 581 (Equipment Index, Percent Good, and Valuation Factors)
Appraisal Training: Self-Paced Online Learning Session

Examination for Certified Property Tax Appraisers Seeking Training Credit

Please fill out the following form:

(Optional)

Please acknowledge that you have finished reading all the lessons and performed all the exercises at the end of each lesson*:

* Answer Required


Before you begin your exam:

Print out the 2011 AH 581 Factor Tables: Index, Percent Good, and Valuation.


Begin your exam (answers rounded to the nearest whole number):

1. The purpose of Assessor Handbook (AH) 581 is to:

2. 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.

3. AH 581 index factors are used to:

4. AH 581 percent good factors are used to:

5. AH 581 valuation factors capture and account for all forms of depreciation and price changes:

6. 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?

7. 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?

8. 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?

9. 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?

10. 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?

11. 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?

12. 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?

13. 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?

14. 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?

15. 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?

16. 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?

17. 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?

18. 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?

19. 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?

20. 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?

21. 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?

22. 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?

23. 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?

24. 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?

25. 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?

26. 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?

27. 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?

28. 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?

29. 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?

30. 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?

31. 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?

32. 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?

33. 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?

34. 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?

35. 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?

36. 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?

37. 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?

38. 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?

39. 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?

40. 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?

41. 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?

42. 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?

43. 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?

44. 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?

45. 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?

46. 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?

47. 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?

48. 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?

49. 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?

50. 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?