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Depreciation rate for books
What is the rate of depreciation of books for the engineering college library.
Views: 1011
Replies to This Forum
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Permalink Reply by Siddhartha Shankar Ray on
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Dear Sri Ramakrishnan, R.
For Audit purpose, annual depreciation rates for general books is 6.33% However for annual publications (like Year Book) it is 100%
For Journals with Annual Cumulation the rate is 100%
As I presume Engineering books are also no exception. Still, you can ask your Internal Auditor for further clarification.
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Permalink Reply by Siddu on
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It should vary from subject to subject in the field of Engineering. What you are talking about is the "Obsolescence of Literature" in Engineering? You need to check LISA if any worthwhile research has been done on this.
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Permalink Reply by Dr. Sangeeta Paliwal on
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Dear Sri Siddharth
Thank you for the valuable information. It would be a great help for me if you could send the proof of given depreciation rates.
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