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DEPRECIATION OF LIBRARY COLLECTIONS

DEPRECIATION OF LIBRARY COLLECTIONS Several years ago, the Financial Accounting Standards Board FASB released Statement No. 93 Recognition of Depreciation by NotforProfit Organizations. The result of this directive is that certain notforprofit entities are required to change their formal financial statements balance sheets to reflect the current and changing value of their assets. Colleges and universities, in particular, will now be required to capitalize their fixed assets and depreciate them over time. In most institutions the physical collection of the library is being treated as an asset and may be subject to depreciation. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Bottom Line: Managing Library Finances Emerald Publishing

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0888-045X
DOI
10.1108/eb025342
Publisher site
See Article on Publisher Site

Abstract

Several years ago, the Financial Accounting Standards Board FASB released Statement No. 93 Recognition of Depreciation by NotforProfit Organizations. The result of this directive is that certain notforprofit entities are required to change their formal financial statements balance sheets to reflect the current and changing value of their assets. Colleges and universities, in particular, will now be required to capitalize their fixed assets and depreciate them over time. In most institutions the physical collection of the library is being treated as an asset and may be subject to depreciation.

Journal

The Bottom Line: Managing Library FinancesEmerald Publishing

Published: Mar 1, 1992

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