A Business Asset is a thing that a business owns like land, property, machinery and equipment to list a few. An asset sale is the sale of an item of an existing business or closed business.
Businesses must first create a list of items they plan to sell. Next these businesses must classify these items by condition and usage. The condition of an equipment may be classified as New, Excellent, Good, Average and Poor. In the same vein business equipment must also be classified by usage as Never used, Used once, Light usage, Average usage and Heavy Usage.