| | Ohio Department of Taxation (Site not responding. Last check: 2007-10-09) |
 | | In summary the method proposed provides that all fully depreciated write-offs be added back at cost by year of acquisition for all years including, a ten year period preceding the year in which the twenty per cent (20%) utility value is reached on the regular 302 method. |
 | | This revised method for determining the true value of items of furniture, fixtures and equipment, which have been written off the book records, but which are still on hand and in use or held for use, does not, under any circumstances, penalize a person recording disposals of assets. |
 | | The exhaustion concept assumes that items of property which have aged to the "floor" of the 10% annual allowance are disposed of, thereafter, at a uniform rate of 10% per year. |
| tax.ohio.gov /divisions/personal_property/county_auditor_bulletins/bulletin_No_124.stm (585 words) |