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Fair market value of salvaged parts.
Hi,
For tax purposes I need to know how I can determine the fair market value of a resistor, capacitor, inductor, or active component in working condition that is salvaged from scrapped equipment. One way, I suppose, would be to ask how much a disinterested party like yourself(s) would be willing to pay. Another, I suppose, would be to treat each part as a piece of clothing and assign it 1/2 to 1/4 retail value as a used article. Opinions? Thanks, The Eternal Squire |
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