Depreciating Professional, Academic, and Research Library Books and Materials
Issued: July 18, 2005
Updated: July 18, 2005
FPP N.006
Details
- Overview
- Background and Policies for Depreciating Professional, Academic and Research Library Books and Materials
- Procedures for Depreciating Professional, Academic and Research Library Books and Materials
- Example: Componentizing and Calculating Average Cost per Volume PDF
Contacts
If you have questions, please contact your financial reporting analyst or your SPA analyst by phone or email.
Overview
Applicable to
All state agencies and institutions of higher education
Policy
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.