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Hi. The company is a C Corp in the state of Florida. We are a cargo charter aviation company. The item in question was an aviation GPS unit. When the item was first sold, it was sold to an aviation electronics company that valued the item at $11,000 and that amount was applied to a new/different unit that I then provided to a separate charter aviation company that needed a different model unit. It is this separate company that then compensated the original company for the $11k value determined by the electronics shop.
To follow up on your other question - the selling company did not have any use for the GPS unit, nor was it foreseeable that they would for at least 3-5 more years (the expected life of the unit installed in that operation)
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