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Please note: This advice is provided with the understanding that all the relevant facts have been provided by you. Any change in facts might affect the advice given and hence may not be relied on in such cases. Nothing contained in this reply was intended or written to be used, can be used by any taxpayer, or may be relied upon or used by any taxpayer for the purposes of avoiding penalties that may be imposed on the taxpayer under the Internal Revenue Code of 1986, as amended.
keeping the FMV value of equipment the same as the allocated price value is better for me (seller) anyway, correct?
I should just use the same values for FMV as the Allocated Price?
Should I use the 5k value for determining the Total end-of year assests?