How to Determine the Value of Used Office Equipment and Furniture

If you have used office equipment and furniture you want to donate or sell, you may not know how to price the items or their value. When donating used furniture or office equipment for a tax deduction, you must use the fair market value. You will also need this when pricing one of these items to sell locally. You can determine the value of the used items on your own, with no need to pay for an appraisal, unless the items are antiques.

Instructions

1

Look in your local newspaper to see if there are ads in the classifieds section for used office equipment or furniture similar to yours. If you find something like yours that is in similar condition, you can use the asking price of the item as a fair market value.

2

Visit some area thrift stores, used goods stores and yard sales to check local prices on similar items. If you are unsure of the locations of these types of stores in your area, use the locator on the Goodwill website (see Resources).

3

Use the value guide for donations on the Salvation Army USA website to determine value (see Resources). Limited items are on the guide, which lists a value range with each article. You can value your used furniture and office equipment at any point in that range, with the higher values reserved for items in better condition that those in the lower range.