What is depreciation?

Depreciation is the annual charge to income that results from a systematic and rational allocation of cost over the life of the fixed asset.  Depreciation normally begins when an asset is purchased or completed.  If it is not placed into service immediately, depreciation begins when the asset starts to lose value.

What is a fixed asset?

A tangible asset acquired, purchased, constructed, or donated for use in operations and not for investment or sale.  Their useful life is longer than two years, they retain their individual identity throughout their useful life and meet the below thresholds.

Capitalization threshold for assets = $5,000 or greater.  Capitalization threshold for land is $0.00

Request Loaner Equipment from Media Services

Media Equipment for Loan at the Davis Family Library

The best place to borrow media equipment is the Circulation Desk at the Davis Family Library. There's a wide selection of equipment that's maintained regularly and available 7 days a week. Check the Middlebury Library Catalog for a list of equipment that we loan out. Loaner equipment that is available in the catalog, can be self-booked.

What is depreciation?

Depreciation is the annual charge to income that results from a systematic and rational allocation of cost over the life of the fixed asset.  Depreciation normally begins when an asset is purchased or completed.  If it is not placed into service immediately, depreciation begins when the asset starts to lose value.

What is a fixed asset?

A tangible asset acquired, purchased, constructed, or donated for use in operations and not for investment or sale.  Their useful life is longer than two years, they retain their individual identity throughout their useful life and meet the below thresholds.

Capitalization threshold for assets = $5,000 or greater.  Capitalization threshold for land is $0.00