[LIBRARYDIR] Capitalized assets what?!

Wed Nov 23 10:45:54 PST 2022

Thanks Sarah!

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

[image: college logo]

On Wed, Nov 23, 2022 at 10:15 AM North, Sarah via LIBRARYDIR <
librarydir at lists.ctc.edu> wrote:

> “our budget office said library books are only a capitalized asset if an
> individual item or set of items costs over $5000, so our college is
> assuming that library goods are not a capitalized asset.” This is true for
> our institution as well.
>
>
>
> [image: Visit the CBC Website] <https://www.columbiabasin.edu/>
>
>
> *Sarah E. North, MLIS, Ed.S*
>
> *Director for Library Services *Direct: 509.542.4894, x2294
>
> Main: 509.542.4887, x2287
> 2600 N. 20th Ave. Pasco, WA 99301
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> Pronouns: she/her
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> *From:* LIBRARYDIR <librarydir-bounces at lists.ctc.edu> * On Behalf Of *Claire
> Murata via LIBRARYDIR
> *Sent:* Wednesday, November 23, 2022 10:10 AM
> *To:* WACTC Library Directors <librarydir at lists.ctc.edu>
> *Cc:* Claire Murata <claire.murata at edmonds.edu>
> *Subject:* Re: [LIBRARYDIR] Capitalized assets what?!
>
>
>
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>
> Hi all,
>
>
>
> Thank you for these! I would love to hear other college practices if you
> have a chance!
>
> *Claire Murata, MLIS*
> Associate Dean, Library and Learning Resources
> 20000 68th Ave. W., Lynnwood WA 98036 | edmonds.edu
> claire.murata at edmonds.edu | (425) 640-1522
>
> [image: college logo]
>
>
>
>
>
> On Wed, Nov 23, 2022 at 10:06 AM Jacot, Jaclyn via LIBRARYDIR <
> librarydir at lists.ctc.edu> wrote:
>
> Hi Claire, our budget office said library books are only a capitalized
> asset if an individual item or set of items costs over $5000, so our
> college is assuming that library goods are not a capitalized asset.
>
>
>
> Curious to hear what others have heard.
>
>
>
> Jaclyn Jacot
>
> Dean of Extended Learning and Workforce Initiatives
>
> Spokane Community College
>
> 509-533-8235
> ------------------------------
>
> *From:* LIBRARYDIR <librarydir-bounces at lists.ctc.edu> on behalf of Claire
> Murata via LIBRARYDIR <librarydir at lists.ctc.edu>
> *Sent:* Tuesday, November 22, 2022 3:38 PM
> *To:* WACTC Library Directors <librarydir at lists.ctc.edu>
> *Cc:* Claire Murata <claire.murata at edmonds.edu>
> *Subject:* [LIBRARYDIR] Capitalized assets what?!
>
>
>
> 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
> <https://nam10.safelinks.protection.outlook.com/?url=http%3A%2F%2Fedmonds.edu%2F&data=05%7C01%7Cjaclyn.jacot%40scc.spokane.edu%7Cfc6937429b6f470efc7508dacce2c4ef%7C4dedfefa6bd04442a06c98aed0b4b8da%7C1%7C0%7C638047571584750750%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=M2amqrNLwxWfFCnoq%2FyLkeUbt08zlqOmtNimzzHX3MU%3D&reserved=0>
> claire.murata at edmonds.edu | (425) 640-1522
>
> [image: college logo]
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