Coming from a farm business, management, accounting background, we played the depreciation game to keep from showing too much income in a given year. In your case, that shouldn't be the reason for depreciating something as there are no taxes to be paid or accounted for. Depreciation for school purposes should be for maintaining an inventory and insurance. Depreciation can be your friend, especially when you want to replace something. Work with your business manager to develop a formula for depreciation. Maybe 3-4 years on servers (the lifetime of their warranty) 4-5 years on switches, etc. When your hardware is depreciated, you have an excuse to replace it...
From: tech-geeks-boun...@tech-geeks.org [mailto:tech-geeks-boun...@tech-geeks.org] On Behalf Of Bob Morse Sent: Thursday, September 16, 2010 9:24 AM To: 'Tech-Geeks Mailing List' Subject: [tech-geeks] depreciation of value on tech items I just found with the recent hire of a new business manager that our business office has been doing things wrong in a lot of ways but particularly when it comes to technology I was supposed to of been keeping tabs on depreciation values on all tech items purchased above a certain amount of $$$. This all new to me because I my 8 years here I have never been instructed to do this, let alone on how. Can you share with me exactly how your business office manages this and what formula(s) you use to figure depreciation of value? I'm sure I can find it on the net but you guys are so much better than using the net for any research!!! Thanks, Bob Morse E-Rate Coordinator Technology Specialist Community Consolidated Schools District 168 708-758-1610 ext. 124 Skype: bmorse68
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