Sender: Good day! What is the estimated useful life of a school building and ICT equipment and how to compute their depreciation? Keepsafe always and God bless.
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COA Circular No. 2003-007 dated 12.11.03. Don’t know if may updates na. 1.) Bldgs.: Wood 10 yrs. ; Mixed 20 yrs.; Concrete 30 yrs. 2.) ICT 5 years. Residual Value 10% of the acquisition cost/appraised value
Ask the assessors office to appraise it