[Libs-Or] Book depreciation rate

[Su Liudahl]

Our auditor counseled us to not depreciate our book collection because they
essentially retain their full value until we remove them from our
collection. We did depreciate them for a number of years--I can't remember
off the top of my head the number of years we used--but it was a major pain
involving spreadsheets and was a big waste of time. Since there's no tax
benefit to a public agency calculating depreciation the only advantage
would be to more accurately assess your current assets values. We
determined that it wasn't worth the fuss and fortunately our auditor was in
full agreement.

~Su

Su Liudahl
Library Director
Creswell Library / Lane Library District
64 West Oregon Avenue
PO Box 366
Creswell, Oregon  97426
(541) 895-3053


On Thu, May 23, 2019 at 12:53 PM Joelle Scrbacic <guitarjoelle at gmail.com>
wrote:

> Is there a standard depreciation rate school libraries use? How about for
> specific categories like library books, textbooks, technology, instruments,
> etc.?
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