2024 2023
Accumulated Depreciation – Sports (94,208.33) (80,908.33)
Equipment
Other Machinery and Equipment 791,910.00 791,910.00
Accumulated Depreciation – Other
Machinery and Equipment (474,695.76) (423,113.77)
Total Machinery and Equipment, Net 12,020,026.36 14,543,352.26
Transportation Equipment
Motor Vehicles 15,488,125.99 13,852,126.00
Accumulated Depreciation – Motor Vehicles (7,733,994.87) (6,738,552.14)
Other Transportation Equipment 2,465,000.00 2,465,000.00
Accumulated Depreciation – Other
Transportation Equipment (448,835.42) (214,660.42)
Total Transportation Equipment, Net 9,770,295.70 9,363,913.44
Furniture, Fixtures, and Books
Furniture and Fixtures 1,312,822.75 1,074,072.75
Accumulated Depreciation – Furniture and (666,885.83) (571,154.40)
Fixtures
Total Furniture, Fixtures, and Books, Net 645,936.92 502,918.35
Construction in Progress
CIP – Land Improvements 6,502,079.72 1,563,709.44
CIP – Buildings and Other Structures 76,296,536.77 57,787,536.95
Total Construction in Progress, Net 82,798,616.49 59,351,246.39
Total Property, Plant, and Equipment, Net ₱ 255,735,790.13 ₱ 220,884,343.11
The LGU measured the residual value of all items of PPE but does not expect any residual
value from these assets, as they are expected to be utilized for their entire economic lives and
are not anticipated to have a significant scrap value. During the current financial year, the
LGU reviewed the estimated useful lives and residual values of PPE, where appropriate.
The LGU has a total of 41.855 kilometers of roads with a total cost of ₱60,454,994.34. For
the year ended, no expenditures were made for local road additions. Although ₱500,000.00
was allocated for major repairs and regular maintenance, no disbursements were made. No
reductions were recorded due to derecognition. Additionally, no impairment losses or
reversals of impairment were recognized for this asset during the year.
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