your inventory value for used, salvage parts is current market value by weight- Basic scrap metal about $220/ton, cast iron is $330/ton. Many years back a revenuer said a "unlicensed salvage yard" had a million dollars worth of inventory in a preliminary court hearing-- the owner of the salvage yard said "SOLD" give me your bid money, I"ll pay the tax and case closed- get the million dollars worth of parts out by end of week. Judge told prosecuter and agent- sounded about right, case closed quick and court docket cleared, you have a million dollars worth of parts to resell as you said or were you lieing to the court?? Prosecutor statement was something like we may have said something unsupported,yadda, yadda, yadda and judge said something like "60 days in cells contempt sentance for wasting courts time if you don"t have a supported bid after lunch recess. Only bids at that time were as scrap at about $25.00/ton picked up and judge said that seems about right- but that is NOT a million dollar inventory, from volume estimate, guess on weight of maybe 10 tons the value was di minimus for the court to consider as a felony and the defendants initial offer of about $100.00 full tax payment was preferred to 10 days in cells for prosecuter and revenue agent for taking up courts time if they wanted to continue unsupported case. This was in New Jersey?? RN
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Today's Featured Article - Women and Tractors - Tractor Engine Repair - by Teri Burkholder. One of the great things about working on a tractor engine with your other half is that you know what he is thinking of at all times and can anticipate his every move and his next thought of what he will do. With Ben, anyway, I can tell! He'll be busy working and I’m handing him tools and he says, "give me that..." and I’ve already got it in his hand or "hand me that....."and I’ve got the portable light right where he needed it placed to see. "Run in the house and get me a...."as I open th
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