Once Something Is Fully Depreciated....
Business By DelectableCreations Updated 12 Sep 2007 , 1:51am by indydebi
how much can someone expect to be paid for an item? I am in the process of starting a partnership, and the person had a lot of items already. If an item is completely depreciated, how much should I be expected to pay?
THANK YOU FOR YOUR HELP! 
I've only bought 3 brand new pieces of equipment in the years I've done this. Depreciation has never come into the equation when I've shopped for used. Fair market value is what I'd say it was worth. Make some calls to some restaurant supply places that handle used equipment, they should be able to give you an idea.
Interesting question. They could ask fair market value. The fact that it is fully depreciated doesn't effect its cost in the marketplace. What it does is make any monies received for the fully depreciated item income to the person that sells it. Since they have fully recovered their cost, any money is clear profit (shown on their tax return) and taxed at the appropriate tax rate. THAT could be your bargaining chip. 
I think you are comparing apples and oranges.
If I need 10 pieces of equipment to run the proposed business and I have 0 and my potential partner has 10, how much cash should I bring into the equation to makes it equitable? Isn't that what you are asking? if tyhe fair market value of those pieces of equipment is $100,000, then you should contribute $50,000 cash, regardless of whether the partner has completely depreciated the items or not. once you are partners, you BOTH have claim to the equipment, and if you decided to sell it all of if for $100,000, you'd get half.
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