Ok, you have to figure out the depection vaule of the equipment based usually on how it is expressed on your taxes. Most equipment decreases in value the following; 38% the first year, and then 25% each year there after of purchase. At least that it what my accountant told me.
The best person to answer everything is an accountant. When I went through trying to sell my business 4 years ago, my accountant helped me with a lot of stuff. But of course, I was going to make the transfer over to the new business and become a manager there.
When I went through with my buyout, in which I backed out of after 3 days, the new owner bought all of my equipment, and my customer list based on the customers that would stay ( I had to send out letters to customers asking them to make the switch with me over to the new company...about 95% of the customers went with me), and then was going to pay me a salary wage of approx $32,000 a year, based on only 20-30hrs of work a week, five days a week, holidays and weekends off.
BILLZ: How much you want for that Billy Goat blower?
??? I am looking for one