If a supplier can get orders to Reliable in five days rather than ten days, the plumbing company can carry less inventory and simply order more often. Other terms of the sale are outlined in the Worksheet, too, like the anticipated closing date, non-compete clause, whether a letter of intent shall be used and what terms will be included, assumption of liabilities, and more. The use of a Sale of Business Assets Worksheet allows both buyer and seller an upfront, clear understanding of the terms of the sale, to help you put the right terms in a formal document. When you're negotiating the terms of the sale of a business, a Sale of Business Asset Worksheet can help you outline all of the important details. It helps you understand the possible terms that might then be included in a formal legal document—the Business Purchase Agreement—that comes next. A Sale of Business Assets Worksheet helps determine the value of the assets, and what specifically will be considered assets. Any or all of the assets can be selected for purchase. You can find the total amortization or depreciation expenses that have been written off during the life of the asset on the balance sheet in a line item called Accumulated Depreciation or Accumulated Amortization, whichever is appropriate for the type of asset. Written by lawyers and business consultants, all document drafts provide high-quality, legally sound content that conveys a polished corporate image. You too can look like a Fortune 500.