Main and Law Library Collections
Records of library collection dollar values for the Main Library and Law Library (only) are maintained on the asset management system by fiscal year. Both libraries maintain detailed records regarding these purchases. Minimum capitalization threshold does not apply to these assets, and the assets are not depreciated.
Main and law library book purchases are accumulated on IACT 6745 during the fiscal year. The amounts are entered into the asset management system on a monthly summary basis by MFK (Master File Key).
Adjustments for lost or stolen books, etc., are made as a result of annual book reports prepared and submitted by these library departments.