DEPRECIATION RATES FOR 2002 AND ALL FUTURE RETURNS

STANDARD DEPRECIATION RATE

Category A 10% per annum*
All property not specifically listed below.

SPECIAL DEPRECIATION RATES
(The rates listed below apply only to the items specifically listed. Use Category A for other assets.)

Category B 20% per annum*
Mainframe computers originally costing $500,000 or more.

Category C 20% per annum*
Autos (unlicensed), bowling alley equipment, brain scanners, carwash equipment, contractor's heavy equipment (tractors, bulldozers), fax machines, hotel, motel, hospital and nursing home furniture and fixtures (room and lobby), MRI equipment, mobile telephones, model home furnishings, music boxes, outdoor Christmas decorations, outdoor theatre equipment, photocopy equipment, radio and TV transmitting equipment, rental pagers, rental soda fountain equipment, self-service laundry equipment, stevedore equipment, theatre seats, trucks (unlicensed), vending machines, x-ray equipment. 

Category D 30% per annum**
Data processing equipment, canned software.

Category E 331/3% per annum*
Blinds, carpets, drapes, shades. The following applies to equipment rental companies only: rental stereo and radio equipment, rental televisions, rental video cassette recorders and rental video tapes.

Category F 50% per annum*
Pinball machines, rental tuxedos, rental uniforms, video games.

Category G 5% per annum*
Boats, ships, vessels (over 100 feet).

Long-lived assets
Property determined by the Department to have an expected life in excess of 10 years at the time of acquisition shall be depreciated at an annual rate as determined by the Department.


* Subject to a minimum assessment of 25% of the original cost
** Subject to a minimum assessment of 10% of the original cost