In the first place - library books and journals do not come under goods as per the general financial rules, forget about depreciation. Books are invaluable asset of libraries. Asigning phsical or monetary value is meaningless.If books are damaged, they are removed and written off from the holdings and the original cost is deducted from the assets. Dr Koteswara raoFormer librarian, UoH Sent by Outlook for Android On Tue, Jul 28, 2015 at 2:23 AM -0700, "NIHAD FAISAL" <nihadmk@gmail.com> wrote: Dear professionals, Could anybody suggest the useful life of library books to calculate the depreciation in Accounting purpose? Our accounts department is asking approximate years of using of print books for depreciation calculation. kindly suggest your view in this regard. Thanking you Yours faithfully, -- *NIHAD FAISAL +965 65949240, 5590280* *The information contained in this e-mail and any files transmitted with it are likely to be confidential and for the sole use of the intended recipient(s) named above only. It may contain confidential and privileged information. If you are not the intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message. Any unauthorized review, use, disclosure, dissemination, forwarding, printing or copying of this e-mail is strictly prohibited and may be unlawful. You may forward this e-mail and / or attachments to a third party on a strict "need to know" basis.* -- This message has been scanned for viruses and dangerous content by MailScanner, and is believed to be clean.