Depreciate Assets

At the end of the year you will need to depreciate the library's assets. Hopefully the city or county will send you a spreadsheet or report that shows what has already been done. Talk to the city/county clerk and recorder about the process and how it works. S/he can give you some guidance on how to report this information. If you are lucky you will receive a spreadsheet with a built in formula that automatically calculates the amount of depreciation. Once you have this information the final number will appear on your year-end financial reports like the one you are sending to the Department of Administration. See theSample Library Depreciation Form for more information.

ASPeN: The New Library Directory

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