State of Michigan, MTT Dockets 315338 & 329408 The Tribunal finds that Petitioner has presented a good market approach to value for the personal property. Clarkson physically inventoried the assets; the inventoried list was compared to the depreciation schedule. For years prior to the inspection year, Clarkson received additions and disposals so that they would be appropriately considered. .....Clarkson did not randomly select depreciation for an entire classification of equipment. He looked at the quality, manufacturer, size, age and condition of each asset and selected to the best of his ability the current counterpart. This is akin to doing a sales comparison approach for each individual residential property in a subdivision with 1,800 properties. This method appears to be contemporary information and values the property as of the date instead of the outdated "blue book" that has been used in years past.