The Cost of Original Purchase will automatically be assessed for any item which is lost or damaged beyond repair and for which a current price can be found.
An Average Replacement Cost will be assessed for any item which is lost or damaged beyond repair and for which a current price cannot be found.
If a replacement cost seems inappropriate due to amount or condition of the item a Review of Replacement Cost can be requested.
For items that have been damaged but are considered by the head of the owning department to still be usable a Diminished Value Charge may be assessed.
The average cost to replace library materials, the Review of Replacement Cost and a schedule of the Diminished Value fee procedure can be found in Appendix K: Loan Periods, Renewals, Fees, and Borrowing Restrictions.