Carl,
Forgot to clarify one thing. What if the assets have been depreciated, and in my case, depreciated almost to zero? Do I add a dollar to the current depreciated value or to the original cost? Also there is something called “special depreciation allowance” which I don’t understand relative to regular prior depreciation. Any insight would be helpful. For example, if something has been depreciated from $1000 to $500, do I make the sale price $1001 or $501?
Attached is a screen price of my refrigerator replacement as another example.
