Purchased Capital Assets are recorded at cost at the time of acquisition. Donated Capital Assets are recorded at estimated fair market value at the time they are received.

Capitalization thresholds (the dollar value above which asset acquisitions are added to the capital asset accounts), depreciation methods, and estimated useful lives of capital assets reported in the Library statements are as follows:

(table)

Annual library resource purchases shall be capitalized and depreciated annually over their estimated useful life.