I need the Fair Market Value of my Epilog Profile 25 watt for my taxes. It's over 10 years old but still going strong. I think the original owner said it was about 25K new. Anyone care to hazard a guess?
Thanks,
Dave
I need the Fair Market Value of my Epilog Profile 25 watt for my taxes. It's over 10 years old but still going strong. I think the original owner said it was about 25K new. Anyone care to hazard a guess?
Thanks,
Dave
Epilog Profile 25 watt w/rotary, Homemade CNC, Vinyl Cutter, VCarve 4, Corel X3, Photoshop, Illustrator, etc.
How much do you have it insured for?
Whats the e-bay price on this or a similar machine?
Is there new source?
Has it been overhauled?
Will it run with a modern OS like XP
How fast is it?
All these will affect price
What would I pay for a 10 year old medium to light duty used 25 watter ? Not more than $2-2.5k and even then I would be hesitant to buy a 10 yr old machine
Surely it has been depreciated to nothing after 10 years?
I suppose you could list it at any value depending how it affects your taxes and whether you claimed depreciation etc..
Rodney Gold, Toker Bros trophies, Cape Town , South Africa :
Roland 2300 rotary . 3 x ISEL's ..1m x 500mm CnC .
Tekcel 1200x2400 router , 900 x 600 60w Shenui laser , 1200 x 800 80w Reci tube Shenhui Laser
6 x longtai lasers 400x600 60w , 1 x longtai 20w fiber
2x Gravo manual engravers , Roland 540 large format printer/cutter. CLTT setup
1600mm hot and cold laminator , 3x Dopag resin dispensers , sandblasting setup, acid etcher
The IRS depreciates computer based stuff over 3 years or non-computer based over 5 years. If you have had it over 3 years I don't like your chances of claiming depreciation. There are other periods for depreciation but 3 and 5 are the most common.
Just an old man's 2c worth.
Dave J
Forums: Where all too often, logic is the first casualty.
It's for my business 'Tangible Property Use Tax'. They want new value and fair market value. I'm inclined to go about 2K for it now.
Dave
Epilog Profile 25 watt w/rotary, Homemade CNC, Vinyl Cutter, VCarve 4, Corel X3, Photoshop, Illustrator, etc.
A lot depends on condition and whether parts are available for the machine but I think the $2000-$3000 range is fair assuming the machine is in good condition.
Mike Null
St. Louis Laser, Inc.
Trotec Speedy 300, 80 watt
Gravograph IS400
Woodworking shop CLTT and Laser Sublimation
Dye Sublimation
CorelDraw X5, X7
This would be considered non-computing capital equipment (despite its use with a computer), so the five-year rule applies. You're way past the first five years, so fair market value is all that matters, no depreciation... I would not value it for more than $2k.
Hi-Tec Designs, LLC -- Owner (and self-proclaimed LED guru )
Trotec 80W Speedy 300 laser w/everything
CAMaster Stinger CNC (25" x 36" x 5")
USCutter 24" LaserPoint Vinyl Cutter
Jet JWBS-18QT-3 18", 3HP bandsaw
Robust Beauty 25"x52" wood lathe w/everything
Jet BD-920W 9"x20" metal lathe
Delta 18-900L 18" drill press
Flame Polisher (ooooh, FIRE!)
Freeware: InkScape, Paint.NET, DoubleCAD XT
Paidware: Wacom Intuos4 (Large), CorelDRAW X5