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What should be included as assets in a library according to GASB 34?

April 26, 2017assets GASB included library

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What should be included as assets in a library according to GASB 34?

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The building, the land it is on, shelving, and major equipment, for sure. Computer and other equipment with a useful life of less than a year or a unit cost of over $5,000 need not be included.