Form M-P - Wisconsin Manufacturing Personal Property Return - 2013 Page 11
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20Schedule N – BOILERS ASSESSED AS PERSONAL PROPERTY
WHAT TO REPORT:
HOW TO REPORT:
All boilers assessed as personal property. Boilers that primarily (more than 50%)
Col. 2: Total original cost as of Jan. 1 last year. This amount would have been included in last year’s Schedule N,
serve manufacturing processes should be assessed as personal property. All
Column 4.
process boilers are taxable personal property. Include all fully depreciated items
Col. 3a & 3b: Changes that occurred during 2012 by year of acquisition. For deletions, enter the cost from the
still on site.
year of the item’s original acquisition. Include transfers to and from other taxing districts by the year
acquired. Do not include approved waste treatment items.
* Projects in progress (PIP) costs are those costs that are accumulated over
multiple years until the project is complete. When the project is cleared to its
Col. 4: Sum of Columns 2, 3a and 3b. This total must agree with Schedule Y-P, Line 3, Column 5. This result must
appropriate account (machinery, boilers, etc.) the value is deleted from PIP and
also agree with a detailed listing of assets retained at your place of business and available for inspection
a corresponding addition will occur in that account.
by the Department.
IF SUCH LISTING IS NOT AVAILABLE UPON REQUEST, ALL ASSETS MAY BE CONSIDERED TAXABLE.
EXCLUDE: All boilers assessed with real estate (used primarily for building heat).
Exclude all leased boilers. Report leased boilers on Schedule L using
Col. 5: Preprinted 20 year composite useful life factors are already entered in this column.
a 20 year life factor. Exclude all boilers qualified as waste treatment
Col. 6: Column 4 multiplied by Column 5. Do this for each year a cost is recorded and compute a final total. This
equipment under sec. 70.11(21)(ab)3.b. Report qualifying waste
total is entered on Schedule A, Line 3, Column 2.
treatment boilers on line 11, part 1 of Schedule Y-P on page 8.
State Identification Number
Local Account Number
P
Column 1
Column 2
Column 3a
Column 3b
Column 4
Column 5
Column 6
Total
Net Total
Year of
Orig Cost by Year
Additions (+)
Deletions (–)
Orig Cost
Index
Indexed
LEAVE BLANK
as of Jan 1
Since Last
Since Last
as of Jan 1
Factor
Net Value
Acquisition
Last Year
Jan 1
Jan 1
This Year
(20 yr)
(Last Year’s Col. 4)
(Col. 2 ± Col. 3a & 3b)
(Col. 4 x Col. 5)
*
PIP
(
)
.963
2012
(
)
.963
2011
(
)
.908
2010
(
)
.849
2009
(
)
.785
2008
(
)
.754
2007
(
)
.704
2006
(
)
.669
2005
(
)
.636
2004
(
)
.604
2003
(
)
.558
2002
(
)
.516
2001
(
)
.477
2000
(
)
.446
1999
(
)
.412
1998
(
)
.381
1997
(
)
.353
1996
(
)
.328
1995
(
)
.310
1994
(
)
.292
1993
(
)
.272
All prior
.238
(
)
years
TOTAL
(
)
THIS COST SHOULD AGREE
THIS VALUE IS ENTERED
EXPLAIN ANY CHANGES
WITH SCH Y-P, LINE 3, COL 5
ON SCH A, LINE 3, COL 2
OF 20% OR MORE IN ANY
GIVEN YEAR
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