[LIBRARYDIR] Capitalized assets what?!

[Jacquelyn Ray]

Hi there,

   I think you might asking about the collection value for an audit?   If so yes, then in many instances the institution assesses value and considers a capital purchase I think because of the inherent value of the collection (above $10k) (insurance, etc.).

You might want to find out if they have a date (5 years or 10 years)but it is often a determination of the value of the collection based on materials acquired in the last 5-10 years.  Older items are generally considered to not be of value.

I think every institution is different, but this has been my experience (and it has been a little different at every institution—from not existing to precise)

Contest!  Who has had the best reference question of the week?  I was asked if the library had copies of the "Purple Banana" from the mid-1980s.  Apparent a school publication from back in the day!  😄

All my best,
Jacquelyn

​Jacquelyn Ray, MLIS, MA | Director of Library Services & FYE | she/her
Walla Walla Community College
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Subject: [LIBRARYDIR] Capitalized assets what?!

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Hi all,

Now that I know that most of you are open tomorrow, I feel emboldened to ask whether you have been asked whether library books are a capitalized asset. Are they? Does this sound familiar to anyone? Thanks! Claire

Claire Murata, MLIS
Associate Dean, Library and Learning Resources
20000 68th Ave. W., Lynnwood WA 98036 | edmonds.edu<http://edmonds.edu>
claire.murata at edmonds.edu<mailto:claire.murata at edmonds.edu> | (425) 640-1522

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