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Form Cr-1 - Return Of Business Personal Property - Waynesboro Commissioner Of The Revenue - 2007 Page 2

INSTRUCTIONS

Business Personal Property Return

1. All tangible personal property used or employed in any of the businesses or

professions in The City of Waynesboro must be listed on this form for taxation.

Any business tangible personal property that is leased/rented by you to others for

a period of more that 92 consecutive days should be included in this section.

COST VALUES OF ITEMS FULLY DEPRECIATED, MUST BE INCLUDED.

Column A………………..enter cost of tangible Personal Property

Column B………………..enter total amount of depreciation taken on your federal tax return

(first year - full depreciation not allowed, 20% maximum)

Column C………………..subtract Column B from Column A which equals Book Value

Column D………………..compute at 40% of Book Value

Column E…………………compute at 20% of Cost

Column F…………………enter 40% of Book Value or 20% of Cost, whichever is greater

Enter total of Column F (Taxable Value)

PLEASE ATTACH COPY OF FEDERAL DEPRECIATION SCHEDULE

2. Please give COMPLETE information on vehicles. If a 2007 model, report cost BEFORE

TRADE IN. If truck over 2 tons, give date of acquisition and cost. Attach list if more

space is needed.

3. List outdoor sign(s). Attach list if more space is needed.

4. List all tangible Personal Property leased or rented from others.

If none, please so state. Attach list if more space is needed.

5. Signature Required. This form will not be accepted without the signature of the taxpayer or

authorized agent.

Form Cr-1 - Return Of Business Personal Property - Waynesboro Commissioner Of The Revenue - 2007 Page 2