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Depreciating Professional, Academic, and Research Library Books and Materials

Issued: July 18, 2005
Updated: July 18, 2005

FPP N.006


Applicable to

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.