Valuation and Selling Business AssetsJohn owns a bookstore. After three years of

Valuation and Selling Business AssetsJohn owns a bookstore. After three years of successful operation John decides to close the store. You have been asked to set valuation for the tangible assets. Since the property (land or building) is leased you cannot consider it as the owners asset.In order to determine the appropriate valuation of the asset portion of the bookstore you need to perform the following:Now that you have a clear idea of the assets to be considered for valuation conduct research using the Internet and the South University Online Library to determine the approximate valuation of the assets. You may contact a local auction company to get a realistic picture of the valuation process. The following table may assist you in tracking the information:Submit your response in a 3- to 4-page Microsoft Word document.Cite any sources using the APA format on a separate page.