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Sedgwick
County, Kansas Appraiser's Office
Used Factor Table
(Schedule 5, Column 7)
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|
E C O N
O M I C L I F E |
| 2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
15 |
16 |
17 |
18 |
19 |
20 |
|
A
G
E
A
T
P
U
R
C
H
A
S
E |
1 |
2.000 |
1.500 |
1.333 |
1.250 |
1.2000 |
1.167 |
1.143 |
1.125 |
1.111 |
1.100 |
1.091 |
1.083 |
1.077 |
1.071 |
1.067 |
1.063 |
1.059 |
1.056 |
1.053 |
| 2 |
5.000 |
3.000 |
2.000 |
1.667 |
1.500 |
1.400 |
1.333 |
1.286 |
1.250 |
1.222 |
1.200 |
1.182 |
1.167 |
1.154 |
1.143 |
1.133 |
1.125 |
1.118 |
1.111 |
| 3 |
|
5.000 |
4.000 |
2.500 |
2.000 |
1.750 |
1.600 |
1.500 |
1.429 |
1.375 |
1.333 |
1.300 |
1.273 |
1.250 |
1.231 |
1.214 |
1.200 |
1.188 |
1.176 |
| 4 |
|
|
5.000 |
5.000 |
3.000 |
2.333 |
2.000 |
1.800 |
1.667 |
1.571 |
1.500 |
1.444 |
1.400 |
1.364 |
1.333 |
1.308 |
1.286 |
1.267 |
1.250 |
| 5 |
|
|
|
|
5.000 |
3.500 |
2.667 |
2.250 |
2.000 |
1.833 |
1.714 |
1.625 |
1.556 |
1.500 |
1.455 |
1.417 |
1.385 |
1.357 |
1.333 |
| 6 |
|
|
|
|
|
5.000 |
4.000 |
3.000 |
2.500 |
2.200 |
2.000 |
1.857 |
1.750 |
1.667 |
1.600 |
1.545 |
1.500 |
1.462 |
1.429 |
| 7 |
|
|
|
|
|
|
5.000 |
4.500 |
3.333 |
2.750 |
2.400 |
2.167 |
2.000 |
1.875 |
1.778 |
1.700 |
1.636 |
1.583 |
1.538 |
| 8 |
|
|
|
|
|
|
|
5.000 |
5.000 |
3.667 |
3.000 |
2.600 |
2.333 |
2.143 |
2.000 |
1.889 |
1.800 |
1.727 |
1.667 |
| 9 |
|
|
|
|
|
|
|
|
|
5.000 |
4.000 |
3.250 |
2.800 |
2.500 |
2.286 |
2.125 |
2.000 |
1.900 |
1.818 |
| 10 |
|
|
|
|
|
|
|
|
|
|
5.000 |
4.333 |
3.500 |
3.000 |
2.667 |
2.429 |
2250 |
2.111 |
2.000 |
| 11 |
|
|
|
|
|
|
|
|
|
|
|
5.000 |
4.667 |
3.750 |
3.200 |
2.833 |
2.571 |
2.375 |
2.222 |
| 12 |
|
|
|
|
|
|
|
|
|
|
|
|
5.000 |
5.000 |
4.000 |
3.400 |
3.000 |
2.714 |
2.500 |
| 13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.000 |
4.250 |
3.600 |
3.167 |
2.857 |
| 14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.000 |
4.500 |
3.800 |
3.333 |
| 15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.000 |
4.750 |
4.000 |
| 16 |
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5.000 |
5.000 |
To select the proper used factor, locate
the row for the age of the item when it was purchased used and the
column indicating the item's total economic life. The proper used
factor is located where the row and column meet. For example, an
item with an economic life of 10 years that was purchased used for $750
when it was three years old would have a used factor of 1.429 or 142.9%. The used purchase price of $750 is multiplied by the
1.429 used factor to arrive at an estimated retail cost when new of
$1,072.
The "Used Factor" converts a
used price to an estimate of Retail Cost When New (RCWN). The used
factor should never be greater than 5.
|
Used Factor = |
Total Economic Life
Total Economic Life - Age at Purchase |
EXAMPLE: If the total
economic life of a commercial item is 9 years and the age of the item when
it was purchased used was 5 years, the used factor would be 2.25.
The used factor = 9
/ (9 - 5) = 2.25
Remaining Economic Life at time item was purchased used.
©, Copyright, 2002 Sedgwick County Appraiser's Office
last update:
12/31/02
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