Tax & Accounting Blog

Legislative Rule Amended for the Valuation of Commercial and Industrial Property in West Virginia

Legislative Rule Amended for the Valuation of Commercial and Industrial Property in West Virginia

Legislative Rule 110-01P (110-CSR-1P) has been amended, in part, to stipulate that when valuing commercial and industrial furniture & fixtures, machinery & equipment and leasehold improvement, the cost approach may be used due to the availability of data.  Also, when developing depreciation tables, the Marshall Valuation Service will be used.  (Source: L. 2013, Rule 110-01P … Read More