1. Are these Snap On Tools or Mac? If so, do you owe $$? If yes, did you list SOT or Mac on Schedule D? If yes, you probably owe more than what they are worth therefore the Trustee would have no interest in them but you still need to pay for them.
2. If 1 above does not apply, and since you state you own the tools (not the corp) and you use them for work, did you take a tools of trade ($2,500) exemption? If no, you need to amend Schedule C and take the exemption.
3. As to your specific question: Value is based upon "liquidation/auction/garage sale" value, not what it would cost to replace them. What could you get for them if you sold them, say, on Craig's list?
Hope this helps.
Des.

