All cataloged library acquisitions shall be capitalized. There is no limitation as to the total cost spent per unit. Departmental purchases of manuals or other professional guides not cataloged in the university library system will not be capitalized. Cataloged indicates the items are listed and registered in an alphabetical file and are available for the use of others.
Library acquisitions are library books, films, recordings, monographs, serials and software.
In order for a library item to be secured as capital, the correct object code must be utilized on the purchase and disbursement documents. For more detail and definition on this policy, refer to the Indiana University Capital Asset Manual, Accounting for Assets at Indiana University, distributed by the Financial Management Support department.