LINE INSTRUCTIONS
Within each section, group your assets by year of
acquisition. List each item of property separately
except for “classes” of personal property. A class is a
group of items substantially similar in function, use,
and age.
Line 14 - Farm, Grove, and Dairy Equipment
List all types of agricultural equipment you owned on
January 1. Describe property by type, manufacturer,
model number, and year acquired. Examples:
bulldozers, draglines, mowers, balers, tractors, all
types of dairy equipment, pumps, irrigation pipe -
show feet of main line and sprinklers, hand and
power sprayers, heaters, discs, fertilizer distributors.
Line 16 and 16a - Hotel, Motel, Apartment and
Rental Units (Household Goods)
List all household goods. Examples: furniture,
appliances, and equipment used in rental or other
commercial property. Both residents and
nonresidents must report if a house, condo,
apartment, etc. is rented at any time during the year
Line 17 - Mobile Home Attachments
For each type of mobile home attachment (awnings,
carports, patio roofs, trailer covers, screened
porches or rooms, cabanas, open porches, utility
rooms, etc.), enter the number of items you owned
on January 1, the year of purchase, the size (length
X width), and the original installed cost.
Line 20 - Leasehold Improvements, Physical
Modifications to Leased Property
If you have made any improvements, including
modifications and additions, to property that you
leased, list the original cost of the improvements.
Group them by type and year of installation.
Examples: slat walls, carpeting, paneling, shelving,
cabinets. Attach an itemized list or depreciation
schedule of the individual improvements.
Line 22 - Owned by you but rented to another
Enter any equipment you own that is on a loan,
rental, or lease basis to others.
Line 23 - Supplies
Enter the average cost of supplies that are on hand.
Include expensed supplies, such as stationery and
janitorial supplies, linens, and silverware, which you
may not have recorded separately on your books.
Include items you carry in your inventory account but
do not meet the definition of “inventory” subject to
exemption.
DR-405, R. 12/11, Page 4
COLUMN INSTRUCTIONS
List all items of furniture, fixtures, all machinery,
equipment, supplies, and certain types of equipment
attached to mobile homes. For each item, you must
report your estimate of the current fair market value
and condition of the item (good, average, poor).
Enter all expensed items at original installed cost.
Do not use “various” or “same as last year” in any of
the columns. These are not adequate responses and
may subject you to penalties for failure to file.
Taxpayer's Estimate of Fair Market Value
You must report the taxpayer's estimate of fair
market value of the property in the columns labeled
"Taxpayer's Estimate of Fair Market Value." The
amount reported is your estimate of the current fair
market value of the property.
Original Installed Cost
Report 100% of the original total cost of the property
in the columns labeled "Original Installed Cost." This
cost includes sales tax, transportation, handling, and
installation charges, if incurred. Enter only
unadjusted figures in "Original Installed Cost"
columns.
The original cost must include the total original
installed cost of your equipment, before any
allowance for depreciation. Include sales tax, freight-
in, handling, and installation costs. If you deducted a
trade-in from the
invoice price, enter the invoice price.
Add back investment
credits taken for federal income
tax if you deducted those from the original cost.
Include all fully depreciated items at original cost,
whether written off or not.
Assets Physically Removed
If you physically removed assets last year, complete
the columns in the first section of page 2. If you sold,
traded, or gave property to another business or
person, include the name in the last column.
Leased, Loaned, and Rented Equipment
If you borrowed, rented, or leased equipment from
others, enter the name and address of the owner or
lessor in the second section of page 2. Include a
description of the equipment, year you acquired it,
year of manufacture (if known), the monthly rent, the
amount it would have originally cost had you bought
it new, and indicate if you have an option to buy the
equipment at the end of the term.