I'm attempting to purchase our Research Vessel from my current employer. We aren't using it as much and the company is interested in disposing of the capital asset.

I am tasked with establishing a fair market value. Can you all post your thoughts on what this thing is worth (and what I should pay for it)? Here's the details:

2005 Wooldridge Offshore Sport, 20'
2008 Yamaha F150TXR, 800 engine hours
2006 Yamaha 4-stroke T8, about 100 engine hours
2008 King dual axle trailer
hydraulic steering
dual batteries with switch
electric bilge pump
2005 Raymarine E80 chart plotter, with DMS 300 depth sounder, Raystar 125GPS sensor

The hour meter has about 1300 hours on it, so this thing has seen something like 150 hours annually since we bought it in 2005. We use it primarily as a marine research vessel and, as such, it has gotten a lot of hard use. And by employees who don't usually care about taking care of their tools, if you get my drift.

It gets annual maintenance by the Three Rivers guys, so everything is well maintained.

Any suggestions on what I should pay for this package?

fool