Form M-P - Wisconsin Manufacturing Personal Property Return - 2013 Page 16
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20Schedule S – SUPPLIES AND EXPENSED ASSETS
SUPPLIES
WHAT TO REPORT: Non-production supplies.
HOW TO REPORT:
INCLUDE:
Supplies used in administrative functions, sales, research and
• PHYSICAL INVENTORY: Identify items on hand and report their costs.
development, housekeeping, transportation, motor vehicle fuel, garage
OR
supplies, building maintenance, heating fuel, etc.
• PERCENTAGE OF ANNUAL EXPENSES: Apply 1/12 (or 8.3%) to the total cost of supplies from the
EXCLUDE: Factory supplies that render services to production, though not
previous year. This will reflect a value of Jan. 1 supplies on hand.
incorporated into the final product, such as:
OR
• grease, oil and fuel for production machines;
• ESTIMATED VALUE: Use this in the absence of a physical inventory or records to document a value.
• coke inventory;
• molding sand inventory; and
• electroplating solution inventory
State Identification Number
P
Local Account Number
Office supplies used in daily office operations.
METHOD OF VALUE DETERMINATION
Declared Value
Supplies used in promoting your product.
(Check box that applies)
of Supplies
Cleaning supplies used in cleaning office and plant.
Maintenance supplies.
Physical
% of
Estimated
Heating fuel used to supply heat.
$
Inventory
Annual
Value
Motor vehicle fuel used for transportation equipment.
Expenses
Garage supplies.
Research and development supplies.
Refrigerants.
EXPENSED ASSETS
WHAT TO REPORT: Expensed Assets.
INCLUDE:
Estimate the value of all taxable items that are expensed rather than capitalized. Expensed
items are not expected to last more than 1 year. Identify the basis for your declared value.
Enter the original cost in Column 2. Enter your declared value in Column 3.
Column 1
Column 2
Column 3
LEAVE
Declared Value of
Cost of
Basis for Estimated Market Value
BLANK
Acquisition
Expensed Items
$
Expensed Assets
Physical Inventory
Estimated Value
Total Declared Value of Supplies plus Expensed Items
THIS VALUE IS ENTERED ON
SCH A, LINE 10, COL 2
NOTE: These values are not accounted for on Schedule Y‑P because supplies are not fixed assets, and expensed items are not capitalized.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Business