It depends. This business needs to be reported as self-employment income and some of the expenses that occurred during your review process can be claimed.
In a Turbo Tax post written by ThomasM125, he states; "if you feel they are over-reporting the value, you can make an expense entry for the business to compensate for that. The only problem you will have is coming up with a way to make an objective estimate of the amount by which the reported income is overstated. You will need to document your method and keep it on file in case you get audited by the IRS".
We can't advise you how to do this or how to determine a residual value other than research the various suppliers you mentioned and reach an average consensus of the value for each item.
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