Wayne Farrington [mailto:w.farrington@verizon.net] wrote:
>
> I'm struggling a bit with how to value each of these items
> on the inventory list. If I buy a power tool on sale, do I
> put the sale price or the regular retail price?
This is something I need to do too... I would think that
digital pictures of each drawer would be a good idea - I may
have to start doing that (if I can ever organize my tools
to actually get them all back in the drawers).
I would list "normal" price, not the sale price. Three
fourths of my tools have been bought on sale, but I'm
insuring them for replacement. I can't wait another thirty
years for everything to come back on sale. The insurance
should cover what it is going to cost to go out and buy
the stuff *now* to get back to normal.
Tim Mullen
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