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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">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.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:8.0pt;font-family:"Lucida Handwriting";color:#1F497D"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:16.0pt;font-family:"Lucida Handwriting";color:#1F497D">Leah<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Leah M. Griffith, Director<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">Newberg Public Library
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D">503.537.1256 cell 971.281.1874<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> Libs-Or [mailto:libs-or-bounces@listsmart.osl.state.or.us]
<b>On Behalf Of </b>Su Liudahl<br>
<b>Sent:</b> Monday, May 27, 2019 11:30 PM<br>
<b>To:</b> Joelle Scrbacic <guitarjoelle@gmail.com><br>
<b>Cc:</b> libs-or@listsmart.osl.state.or.us<br>
<b>Subject:</b> Re: [Libs-Or] Book depreciation rate<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Georgia",serif">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.<o:p></o:p></span></p>
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<p class="MsoNormal">~Su<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">Su Liudahl<o:p></o:p></p>
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<p class="MsoNormal">Library Director<br>
Creswell Library / Lane Library District<br>
64 West Oregon Avenue<br>
PO Box 366<br>
Creswell, Oregon 97426<br>
(541) 895-3053<o:p></o:p></p>
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<p class="MsoNormal">On Thu, May 23, 2019 at 12:53 PM Joelle Scrbacic <<a href="mailto:guitarjoelle@gmail.com">guitarjoelle@gmail.com</a>> wrote:<o:p></o:p></p>
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<p class="MsoNormal">Is there a standard depreciation rate school libraries use? How about for specific categories like library books, textbooks, technology, instruments, etc.?<o:p></o:p></p>
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