Borden, Inc. v. Department of Revenue

EDWARD H. HOWELL, Judge Pro Tem.

The plaintiff appeals defendant’s determination of the true cash value as of January 1,1976, through 1980, of the machinery and equipment plus the buildings and structures at its Springfield, Oregon, plant and the machinery and equipment at its Island City Union County plant. The basic function of both chemical plants is the production of aqueous formaldehyde which, when combined with reactive ingredients, results in products which are used by wood products industries in the manufacture of hardboard, plywood, and similar products.

The plaintiffs estimate of true…