Quote:
Originally Posted by rocketlily
It seems to me that the prices on corals and fish have been decided on for this contest. I think all is fair. I would like however, to get clarification on equipment. Here's some assumptions I am making. Can you tell me if these are true or I am mistaken on some things.
1. New equipment purchased - deduct purchase price.
2. Used equipment you have at home, previously purchased- 75% of J&L's new price.
3. Used/new equipment you have at home, received for free - free
4. Used equipment given to you at no charge- fair market value of this used piece of equipment.
5. Used equipment purchased at a very good price - price you paid
6. Shop supplies and/or scrap with no value from work ???
Just trying to get all the rules straight.
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Number 3 is same as number 2.. 75% of J&L's. Otherwise, rest is correct...
#6 building supplies are free.