Page 708

House Bill No. 5506

Public Act No. 22-118 708 of 739

frame and main-frame systems with an acquisition cost of more than twenty-five thousand dollars: Depreciated Value As Percentage Assessment Year Of Acquisition Following Acquisition Cost Basis First year Ninety per cent Second year Sixty per cent Third year Forty per cent Fourth year Twenty per cent Fifth year and thereafter Ten per cent

(4) The following schedule of depreciation shall be applicable with respect to copiers, facsimile machines, medical testing equipment, and any similar type of equipment that is not specifically defined as electronic data processing equipment, but is considered by the assessor to be technologically advanced:

Depreciated Value

As Percentage

Assessment Year Of Acquisition

Following Acquisition Cost Basis

First year Ninety-five per cent

Second year Eighty per cent

Third year Sixty per cent

Fourth year Forty per cent

Fifth year and thereafter Twenty per cent

(5) The following schedule of depreciation shall be applicable with respect to machinery and equipment used in the manufacturing process:

Depreciated Value