Description*:  A brief description of the leased item.  For example, "Cannon 3200G Copier" or "Kubota Fork Lift".

Custom ID:  This is a user defined field.  It can be used to enter a number/description internal to your organization or identifying information such as a serial number .   The Custom ID will be saved with the item and will be retrieved from the property appraiser system when filing next years return.

Year Acquired*:  The 4-digit year that the lease began.

Original Price*:  The original purchase price of the asset.

Rent Amount:  Rent amount is the monthly rent paid for the leased item.

Rent Term (months):  Rent term is the length of the lease, expressed as the number of months.

Market Value:  Market Value is the property owner's estimate of the fair market value of the asset in its current condition.

Condition:  Condition is the property owner's opinion of the condition of the asset.  Choose "Good", "Average", or "Poor" from the drop down menu.

Adjusted Price:  Adjusted Price is not required.  Use this field only if there is a reason that the price of this asset has changed in a way that would not be reflected by the normal trends and depreciation that would typically be associated with the item.  For example, if a portion of the asset had been sold and the remainder had been retained.

Adjusted Explanation:  Adjustment Explanation is only required if you entered data under "Adjusted Price".  Please provide a brief explanation of why the Adjusted Price should be considered in lieu of the original price.  For example, if a portion of the asset had been sold and the remainder had been retained.

Lessee Name*:  The Lessee is the name of the person or company renting the equipment.

Lessee Address*:  Lessee Address is the physical location of the equipment.