[Libs-Or] Book depreciation rate

Leah Griffith leah.griffith at newbergoregon.gov
Tue May 28 11:06:33 PDT 2019

I would also think that depreciating your book collection could come back to haunt you if your library burnt down and the insurance company wanted to replace by the depreciated value.  Obviously there is more to insurance coverage than this, but why add a component that could be a problem.    I totally agree with Su.

Leah M. Griffith,  Director
Newberg Public Library
503.537.1256      cell 971.281.1874

From: Libs-Or [mailto:libs-or-bounces at listsmart.osl.state.or.us] On Behalf Of Su Liudahl
Sent: Monday, May 27, 2019 11:30 PM
To: Joelle Scrbacic <guitarjoelle at gmail.com>
Cc: libs-or at listsmart.osl.state.or.us
Subject: Re: [Libs-Or] Book depreciation rate

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 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<mailto: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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