Form M-P - Wisconsin Manufacturing Personal Property Return - 2013 Page 8
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20Schedule Y-P – SUMMARY OF ACCOUNTING RECORDS
WHAT TO REPORT:
HOW TO REPORT (Part 1):
All accounts are summarized and reported here, as described under type of property. See individual schedules
Col. 2: Enter your balance as of Jan. 1 last year. Refer to last year’s Schedule Y‑P,
for descriptions.
Column 5 for this beginning balance.
Col. 3: Enter the costs of additions from Jan. 1, 2012 to Jan. 1, 2013. Include
INCLUDE: Everything just as it appears in your accounting records, include projects in progress and fully
Projects in Progress (PIP) cost within the appropriate schedule.
depreciated items still on hand.
* Building Components normally assessed as real estate (heating, lighting, plumbing, remodeling, office finish, land
Col. 4: Enter the original costs of deletions from Jan. 1, 2012 to Jan. 1, 2013.
im provements, etc.) which you have capitalized as personal property because of investment tax credit or other
Col. 5: Compute the net amount and enter it in Column 5. Repeat this process
considerations. The building components should be reported as leasehold improvements on Schedule LI.
for each type of property.
** Included here are all motor vehicles designed to be used on the roads, i.e., automobile, motor bicycle, motor
bus, motorcycle, motor truck, moped, road tractor, snowmobile, station wagon, truck tractor, or trailer or semitrailer
Part 2
used in connection therewith, etc.
Classify Items as
Real Estate OR
State Identification Number
Personal Property
P
Local Account Number
Help prevent double assessments.
Check the appropriate box for
the items listed below.
Part 1
Normally Assessed
Total Personal Property ORIGINAL Costs From Your Accounting Records
RE PP N/A
as Real Estate (RE)
Enter numbers in Column 4 without a negative (–) sign.
Boilers for building heat
Column 1
Column 2
Column 3
Column 4
Column 5
Building HVAC equipment
Balance
Additions
Deletions
Balance
Type of Property
Building electrical service
01-01-2012
During 2012
During 2012
01-01-2013
Plumbing, piping and fixtures
(
)
1. Boats and Watercraft
B
Sprinkler equipment
2. Machinery, Tools and Patterns
M
(
)
Dock levelers
3. Boilers
N
(
)
Central air conditioning
4. Copiers and Telephone Systems
D
(
)
Railroad siding
5. Furniture, Fixtures, Office Equipment
F
(
)
Elevators
Truck scales
6. Leasehold Imprvmnts./Bldg. Components*
LI
(
)
7. All Other Property
O
(
)
Normally Assessed as
RE PP N/A
8. Buildings on Leased Land
LB
(
)
Personal Property (PP)
9. Computers, Software and Faxes
C
(
)
Process boilers (taxable PP unless
exempt as WT) Report on Schedule N
10. Vehicles (Over-the-Road) **
(
)
Process power wiring (exempt)
11. Waste Treatment – PP Only
(
)
Process piping (exempt)
12. TOTAL of Lines 1 through 11
(
)
Conveyors
Moveable office partitions
Lease or Rent Payments for Equipment
Transformers (taxable)
Machine foundations (exempt)
Portable air conditioners
Please enter the amount your firm annually spends on leases or equipment leased, rented or loaned. This information may be
obtained from your tax or financial records.
Tanks/Silos
Cranes and craneways
If you make an entry here, you need to complete Schedule L or Schedule LC found on pages 14 and 20 of this booklet.
Refrigeration equipment
Review your invoices for the type of equipment and the name of the lessor. Leases reported on Schedules L and LC are
compared with information provided by the leasing companies. During a field audit, these areas will be reviewed.
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