Administrative Rules of Montana
Department 20 - CORRECTIONS
Chapter 20.28 - REGIONAL CORRECTIONAL FACILITIES
Subchapter 20.28.1 - Establishment of New Regional Correctional Facilities
Rule 20.28.143 - COMPLETING SCHEDULE F-EQUIPMENT COST
Current through Register Vol. 6, March 22, 2024
(1) Equipment is an article of nonexpendable, tangible personal property having a useful life of more than one year and an acquisition cost of more than $5,000. Cost allowances relating to the use of fixed assets on hand may be made through depreciation or a use-allowance.
(2) If the depreciation method is used, records indicating the amount of depreciation taken each period must be maintained. For either method, charges must be supported by adequate property records, and physical inventories must be taken at least every two years (a statistical sampling approach is acceptable) to ensure that assets exist and are in use.
(3) Without a formalized equipment depreciation policy at the local level, a use-allowance of 6 2/3% with a 15-year write-off period is to be used to compute allowable equipment use-allowance charges.
(4) The following are allowable when computing equipment depreciation or use-allowance charges allocable to the state portion of the regional correctional facility:
(5) The following are not allowable when computing equipment depreciation or use-allowance charges allocable on the MDOC Per Diem Calculation Worksheet for Regional Correctional Facilities:
53-30-507, MCA; IMP, 53-30-507, MCA;