Discussion:Equipment Purchase and Good Will
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Discussion Forum Index --> Accounting Questions --> Equipment Purchase and Good Will
Crystallady (talk|edits) said: | 29 April 2008 |
| I'am selling a piece of business equipment that has very little value but it produces a lot of income. Can I have a equipment purchase agreement and add in good will. Example:
Equipment Value $ 8500.00 Good Will $ 31500.00 Total Equipment Purchase Agreement $40,000.00 I'am not sure if I can do this since I'am not selling the business itself Thanks for any help Julie | |
| 29 April 2008 | |
| If it produces income it has value. If it's worth $40,000 sell it for what it's worth, don't worry about how you got to the number. | |
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