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Wednesday, August 23, 2017

Frequently Asked Questions (FAQs)

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We have added equipment, but do not know if it is Qualified or Non-Qualified?

Qualified Equipment may be eligible for additional deprecation where Non-Qualified may only receive standard depreciation.

Equipment is qualified if this is the first time it is being assessed in Arizona. Typically, brand new equipment is always qualified. Used equipment that was acquired in Arizona for the first time (historically), should be listed as Non-Qualified.

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