Re: [LIS-Forum] Depreciation value of library books and journals

Strictly speaking, depreciation value is not applicable to library books and journals because they are not ‘goods’ according to the general financial rules. Acquiring books through sealed tenders is also wrong. If at all they are weeded our or discarded by libraries; the actual cost may be deducted from the asset books. Dr m Koteswara Rao Sent from my iPhone

On 28-Jul-2018, at 9:56 PM, vinod mishra wrote:

Dear All,

Can anybody confirm about the depreciation value of books and journals in the library for calculating the asset value. Please refer point no. 9 in the below link.

https://www.incometaxindia.gov.in/charts%20%20tables/depreciation%20rates.ht...

With Regards,

Vinod Kumar Mishra, Assistant Librarian, Biju Patnaik Central Library (BPCL), NIT Rourkela, Sundergadh-769008, Odisha, India. Mob:91+9439420860 Website: http://mishravk.com/ ORCID ID: http://orcid.org/0000-0003-4666-7874

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