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approximately 20% of the steam plant and also included <br /> $~,019,591 in capitalized interest. The County ~oard properly <br /> included all }WAC in the real property value. <br /> <br /> 3. The coal-fired boiler system employed by the Taxpayer is th~ <br /> most efficient and economical type of boiler system for an <br /> installation as large as that under consideration. The <br /> Commission rejects the Taxpayer's contention that the coal- <br /> fired system is obsolete. <br /> <br /> 4. The useful life of fifteen (15) years assigned to cigarette <br /> manufacturing equipment as recommended by the Department of <br /> Revenue trending tables is consistent with the actual lives of <br /> the Taxpayer's manufacturing equipment. <br /> <br />5. The personal pro~erty is only affected by r~)rmal obsolescence, <br /> which is accounted for through the application of the <br /> Department of Revenue trending tables for the business perso6al . <br /> property at issue. No further reduction in value for <br /> obsolescence is warranted. <br /> <br />6. With regard to the County's currency adjustment calculation, <br /> the County failed to carry the burden of establishing a value <br /> higher than the County Board assigned to the personal property. <br /> <br />7. The County B~ard included some capitalized interest as an <br /> element of the appraised values. The Taxpayer failed to <br /> prove that said [:ortion of capitalized interest should not ha~e' <br /> been include; ~e~e£o~e tho~e values, inclu~ing c&pita~ized <br /> <br />-9- <br /> <br />-/7.-/0 <br /> <br /> <br />