ACQNET: Formula for Determining Financial Value

From: Eleanor Cook <cookei_at_appstate.edu> Date: Thu, 14 Feb 2002 20:24:26 -0500 To: acqnet-l_at_listproc.appstate.edu, cookei <cookei_at_conrad.appstate.edu>

Date: Wed, 16 Jan 2002 16:16:40 -0500
From:  Lois Schultz (N. Kentucky U.) <schultz_at_NKU.EDU>
Subject:  Formula for Determining Financial Value

According to Standards 34 and 35 of the Government Accounting Standards
Board,  library collections now have to be assessed a financial value
and
depreciated or appreciated each year.  What method or formula have
libraries used in placing a dollar value on the collection?  What method
or
formula will be used to depreciate or appreciate the collection each
year?

Lois Schultz
Head of Technical Services
203 Steely Library
Northern Kentucky University
Highland Heights, KY 41099
(859) 572-5275
schultz_at_nku.edu