All personal property used for the business should be listed completely and accurately. The cost and year of acquisition should be listed on the declaration.Consider using a personal property addendum with a complete and detailed itemized list. The actual location of the property must be reported and listed separately for each individual location. For all personal property, acquisition cost includes any expense required to place the asset into service except sales taxincluding all. To calculate taxable value using the Personal Property Manual, the assessor completes three steps: â–« Select the appropriate expected life table,. "Property" means the real property and any personal property included in the sale as provided herein. "Receipt". The cost and year of acquisition should be listed on the statement. NRS 113.110 Conditions required for "conveyance of property" and to complete service of document. The appraiser must note ALL personal property included in the sales contract and determine the aggregate value, if any, of the items.
