Machinery and Equipment 2024 2023
Sports Equipment ₱ 108,885.00 ₱ 108,885.00
Technical and Scientific Equipment 143,627.00 143,627.00
Other Machinery and Equipment 8,787,490.05 8,787,490.05
Transportation Equipment
Motor Vehicles 64,189,122.38 58,428,122.38
Watercrafts 2,193,266.04 2,193,266.04
Other Transportation Equipment 2,290,000.00 2,290,000.00
Furniture, Fixtures and Books
Furniture and Fixtures 3,000,453.94 2,732,202.94
Books 176,706.85 176,706.85
Construction in Progress
Construction in Progress –
125,943,623.91 159,901,262.68
Infrastructures Assets
Construction in Progress – Buildings
69,698,543.77 23,515,505.08
and Other Structures
Other Property, Plant and Equipment
Work/Zoo Animals 102,000.00 102,000.00
Other Property, Plant and Equipment 13,261,072.20 10,270,272.20
Total ₱ 547,277,687.56 ₱ 431,943,069.21
Less: Accumulated Depreciation (94,461,042.88) (85,342,859.55)
Net Book Value ₱ 452,816,644.68 ₱ 346,600,209.66
The LGU measured the residual value of all items of property, plant and equipment, but
does not expect a residual value of these assets, because these will be utilized for their
entire economic lives and do not have a significant scrap value. During the current
financial year, the LGU reviewed the estimated useful lives and residual values of
property, plant and equipment, where appropriate.
See pages 26 to 27 for additional details.
10. Intangible Assets
This account consists of the following:
Intangible Assets
Computer Software ₱ 30,000.00 ₱ 30,000.00
Less: Accumulated Amortization –
(27,000.00) (27,000.00)
Computer Software
Total ₱ 3,000.00 ₱ 3,000.00
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