§ 36-1-9-5-38

(2) The lesser of:(A) the net book value of construction equipment assets multiplied by eight (8); or(B) one-half (1/2) of the amount determined under subdivision (1).(3) The lesser of:(A) net fixed and other assets multiplied by two (2); or(B) the sum of the amounts determined under subdivisions (1) and (2) multiplied by twenty-five hundredths (0.25).(b) An entity shall determine accepted net current assets from the statement submitted. Accepted net current assets may include only those net current assets that are readily convertible into working capital.As added by P.L.85-1991, SEC.3.