RULE # 9: Minimize Tax and Insurance Liability by Promptly Selling Your Idle Assets and Getting Them Off of Your Books

Costs of ownership not only include the value of the machine and the power and labor to operate it, but also include less obvious costs as well. More subtle costs such as property taxes and insurance can be a drag on your business and bottom line. By disposing of idle assets promptly and getting them off of your books, you can reduce those unnecessary costs.