If a business requires a significant amount of equipment to operate, then the age, condition and capacity of the equipment can affect the value and desirability of the business. The business owner must make a list of those tangible assets for an evaluation and to present to potential buyers. Typically, any equipment must be free and clear of any debt at closing. Any equipment that is under lease would be presented separately. And any equipment that is no longer usable should be sold or discarded so as not to complicate the sale of the business.