Depreciating Professional, Academic, and Research Library Books and Materials
Issued: July 18, 2005
Updated: July 18, 2005
All state agencies and institutions of higher education
Effective fiscal 2005, the Texas Comptroller of Public Accounts changed its classification of professional, academic and research library books and materials from non-depreciable to depreciable.
Agencies must structure their library assets in accordance with Comptroller’s office guidance.