Washington § 82.49.040 - Depreciation schedule for use in determining fair market value.

Full text of Washington Revised Code of Washington § 82.49.040 — Depreciation schedule for use in determining fair market value., with citation guidance and answers to common questions.

§ 82.49.040. Depreciation schedule for use in determining fair market value.

The department of revenue shall prepare at least once each year a depreciation schedule for use in the determination of fair market value for the purposes of this chapter. The schedule shall be based upon information available to the department of revenue pertaining to the current fair market value of vessels. The fair market value of a vessel for the purposes of this chapter shall be based on the most recent purchase price depreciated according to the year of the most recent purchase of the vessel. The most recent purchase price is the consideration, whether money, credit, rights, or other property expressed in terms of money, paid or given or contracted to be paid or given by the purchaser to the seller for the vessel.
[ 1983 c 7 s 11.]

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 82.49.040

What does Revised Code of Washington § 82.49.040 cover?

Section 82.49.040 ("Depreciation schedule for use in determining fair market value.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 82.49.040?

A common citation format is "Revised Code of Washington § 82.49.040" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 82.49.040 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Washington.