Date: Thu, 11 May 2006 07:46:39 -0400 (EDT)
From: Joanne Deeken (U. of TN-Knoxville) <jdeeken_at_utk.edu>
Subject: RE - Collection Valuation (1 response)
I can't answer Janet's question directly. I don't know of any formula
for valuing a collection.
What I can say is that the University of Tennessee (and several other
institutions where I worked) considers library materials as a CAPITAL
expense. We give auditors figures on expenditures annually. Typically,
other capital expenses are things like buildings or equipment. There
are standard depreciation rules/schedules that are used to show the
replacement costs over time.
Of course, depreciation means that the longer we have owned an item, the
less it is "worth", but at least this process is an accepted accounting
practice and can be used as an "objective" valuation for insurance
purposes.
JoAnne Deeken
University of Tennessee
Original message:========================================
Date: Wed, 26 Apr 2006 13:59:21 -0400
From: Janet Fischer (Golden Gate U. Law Library) <jfischer_at_ggu.edu>
Subject: Collection valuation
I've been searching for a "quick" formula for determining the value
of a collection for insurance purposes. I did search the archives and
didn't find anything recent.
Does anyone have any suggestions? I'm especially looking for values
for an academic law library. Thanks.
Janet
Janet Fischer
Acquisitions/Government Documents Librarian
Golden Gate University Law Library
536 Mission Street
San Francisco, CA 94105
phone: 415-442-7826
fax: 415-512-9395
email: jfischer_at_ggu.edu
http://www.ggu.edu/lawlibrary
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Received on Wed May 31 2006 - 20:10:34 EDT