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APPRAISAL GUIDELINES..........................................................................................
1.0 OBJECTIVES....................................................................................................
2.0 SCOPE and LIMITATIONS.................................................................................
3.0 DEFINITION OF TERMS...................................................................................
4.0 GENERAL GUIDELINES....................................................................................
4.1
Documentation.....................................................................................................................3
4.2
Conduct of Inspection..........................................................................................................4
4.3
Determination of Condition Rating of Property...................................................................6
4.4
Conduct of Appraisal............................................................................................................8
4.5
Determination of the Appraised Value.................................................................................9
5.0 REVISED FORMULAE ON APPRAISAL OF GOVERNMENT PROPERTIES
EXCEPT REAL ESTATE, ANTIQUE PROPERTY AND WORKS OF ART...................
Illustrative Examples............................................................................................
TABLES.................................................................................................................................................17
TABLE 1.
COMPONENT RATING TABLES
18
TABLE 2.
TABLE OF ESTIMATED USEFUL LIFE OF PROPERTY, PLANT
AND EQUIPMENT
23
TABLE 3.
TABLE OF PESO/DOLLAR EXCHANGE RATES...............................25
ANNEXES..............................................................................................................................................26
ANNEX A.................................................................................................................................27
ANNEX B.................................................................................................................................29
ANNEX C.................................................................................................................................30
ANNEX C1...............................................................................................................................32
ANNEX C2...............................................................................................................................35
ANNEX D.................................................................................................................................38
ANNEX E..................................................................................................................................39
ANNEX F..................................................................................................................................41
APPRAISAL GUIDELINES
1.0
OBJECTIVES
1.1
1.2
2.0
1.3
1.4
3.0
DEFINITION OF TERMS
Acquisition Cost (AC) the price at which the property was acquired which
also
includes
related
expenses
incurred
during
the
acquisition/construction of the property such as taxes, license fees,
permit fees, clearance fees, etc.
Appraised Value (AV) an opinion of an appraiser which is based upon an
interpretation of facts and beliefs into an estimate of value, as of a stated date.
Condition Factor (CF) the adjustment factor used to consider the actual
condition of the property under appraisal thru an evaluation of the
state or condition of the major components of such property relative
to an ideally functioning model. The condition factor is usually
estimated based on the component and condition rating of the
property.
Currency Fluctuation Factor (CFF) refers to the adjustment factor used
to take into account the devaluation or revaluation of the peso from
the year of acquisition to the year of appraisal.
Current Market Value (CMV) is the price estimated which a property will
bring if exposed for sale in the open market, allowing a reasonable
time to find a buyer who buys with knowledge of the actual condition
and utility of the property.
Deterioration reflecting the loss in value brought about by wear and tear,
disintegration, use in service and the action of the elements.
Economic Obsolescence reflecting the loss in value brought about by
external economic forces, such as legislative enactments restricting or
impairing the use of subject equipment
Effective Remaining Useful Life (ERUL) refers to the number of years
from the date of appraisal to the anticipated date that a property may
be utilized profitably.
Estimated Useful Life (EUL) refers to the estimated period of time (years)
for which a property is anticipated to be useful assuming normal
utilization. See Table 2 for Table of Estimated Useful Life.
Functional Obsolescence reflecting loss in value due to functional
inadequacy or over adequacy due to size, style or age brought about
by changes in art or poor planning.
Junk/Scrap Value the price of scrap/junk metal or lumber prevailing in
the local market.
Locally Manufactured Properties refers to the properties which are one
hundred percent (100%) sourced locally and no part of which is
imported from other countries.
Price Index Factor (PIF) refers to the adjustment factor which reflects the
changes that occur in the prices of commodities, raw materials,
manufactured goods and the like from the year of manufacture to the
year of appraisal. (Source: National Statistics Office]
Replacement Cost New (RCN) the cost of construction at current prices of
a property having a utility equivalent to the property being appraised
but built with modern materials and according to current standards,
design and layout. The use of the replacement cost concept
presumably eliminates all functional obsolescence, and the only
GENERAL GUIDELINES
4.1
Documentation
4.1.1
4.1.2
4.1.3
4.2
Conduct of Inspection
In the conduct of the inspection of the property to be appraised, the
appraiser shall perform the following, where applicable:
4.2.1
4.2.2
Good
Condition
(55-75%)
(G)
Fair
Condition
(35-50%)
(F)
Poor
Condition
(15-30%)
(P)
Scrap Condition
(0-10%)
(S)
The percentage range within each category allows the appraiser some
discretion in assigning a percentage based on his observation.
4.3.3
Example:
Condition Rating
Condition Factor
-
Very Good
0.8 to 1.0
4.4
Conduct of Appraisal
The Appraisal Process in general consists of:
4.4.1
4.4.2
4.4.3
4.5
4.5.1
5.0
4.5.2.2
4.5.2.3
4.5.3
4.5.4
5.1
CF 1
AV = CMV x
CF 2
where:
AV
CMV
CF1
Appraised Value
AV = RCN x
ERUL
EUL
where:
where:
RCN
CF
5.1.3
where:
AC
Acquisition Cost
CFF
CFF
CF
where:
(Ex.
(AC x PIF) CF
PIF
PIF
For waste materials and property which are unserviceable and can no
longer be repaired/reconditioned - the end user shall determine the
unserviceability of the property and shall be supported with the
History Card/record and Checklist of Unserviceable Vehicles/Heavy
Equipment.
AV = Junk Value
scrap
Canvass for the current market price per unit weight and
multiply by the actual weight of the waste
materials/property to get
the appraised value.
Computers and their peripherals shall be appraised based on
their junk value due to obsolescence brought
about
by
the
rapid
change and development in the industry.
Illustrative Examples
A. When Current Market Value (CMV) of a comparable property is available
Given: Based on the data contained under the Inventory and
Inspection Report of Unserviceable Property (Annex A1)
Property Description:
Mitsubishi L-200 D/Cab Pick-up, Diesel Fed Model 1995, Silver Gray,
Loaded, w/Stepboard & Bedliner
Plate No. UFC 963, Engine No. 4D56A-D5940
Chassis No. K14TJUNSL-010751
Acquisition Date: AD = December 16, 1995
Acquisition Cost: AC = P495,000.00
Date of Appraisal: June 26, 2000
Solution:
CF1
AV = CMV x
CF2
CMV = P209,000.00
Advertised Prices (similar brand and year model from Used
Car Dealers):
10
a) P209,000.00
b) P260,000.00
c) P285,000.00
CF1 = Condition Factor of subject property
CF2 = Condition Factor of comparable property
CF1 (see attached check list of subject property, Annex C1)
Component
% Weight
CF
23
0.80
0.1840
Transmission
0.90
0.0630
Differential
0.90
0.0450
Body/Chassis
35
0.75
0.2625
Others
30
0.75
0.2250
Engine
Total:
0.7795
% Weight
CF
23
0.60
0.1380
Transmission
0.85
0.0595
Differential
0.85
0.0425
Body/Chassis
35
0.70
0.2450
Others
30
0.40
0.1200
Engine
Total:
0.6050
Thus:
0.7795
AV = (P209,000.00)
1)
= P269,282.00
0.6050
B. When Replacement Cost New (RCN) is available
When the Estimated Useful Life (EUL) of the property is
available
Given:
Same vehicle/property used in the above CMV method
Solution:
To determine RCN of the vehicle under appraisal:
The cost of brand new engines for the vehicle available in the
market is P100,000.00/unit. Therefore:
%
Component
weight
Engine
23
0.23(P100,000.00)
0.23
Transmission
0.07(P100,000.00)
0.23
30,435.00
Differential
0.05(P100,000.00)
0.23
21,739.00
Body/Chassis
35
0.35(P100,000.00)
0.23
152,174.00
Others
30
130,435.00
0.30(P100,000.00)
0.23
100,000.00
11
say:
434,783.00
435,000.00
% weight
ERUL
EUL
Engine
23
0.1971
Transmission
0.0600
Differential
0.0430
Body/Chassis
35
0.2500
Others
30
0.2140
0.7641
AV = (P500,000.00) 0.7641
AV = P382,050.00
2)
When the Estimated Useful Life (EUL) of the property is not available
Given: Same vehicle/property used in the above CMV Method
Solution:
AV
RCN x
CF
where:
RCN = P500,000.00 (from B.1 above)
CF
AV
P500,000.00 x 0.7795
AV
=
P389,750.00
C. When Acquisition Cost (AC) is available
For imported properties: Acquisition Cost Method
AV =
AC x CFF x CF
where:
CFF =
= 1.56
25.7144
CF
AV
=
=
0.7795
(P495,000.00) (1.56) (0.7795)
12
AV
P601,930.00
D. Other Cases:
1) When the property/subject vehicle is lost for which
accountability is being assessed
CF1
AV = CMV x
CF2
1
AV
= P209,000.00 x
0.6050
where:
junk value
= Estimated weight scrap/junk value
engine unit of Engine
of metal as canvassed
13
junk value
engine unit
P 2,500.00
where:
P5.00
0.5955
AV = (P209,000.00)
+ P2,500.00
0.6050
=
AV =
P205,719.00 + P2,500.00
P208,219.00
TABLES
14
TABLE
A.
VEHICLES
Engine
Body and Chassis
Transmission
Differential
Others
23
35
7
5
30
B.
PASSENGER BUS
Body and Chassis
Engine
Transmission
Differential
Others
41
25
7
5
22
C.
HEAVY EQUIPMENT
Grader
Body and Chassis
Engine
Transmission
Others
35
25
20
20
Bulldozer
Body and Chassis
Engine
Differential
Transmission
Others
35
25
11
8
21
Dump Truck
Body and Chassis
Engine
Differential
Transmission
Others
6 Wheeler
35
25
11
8
21
10 Wheeler
25
19
14
9
33
Type
Crane Crawler
Concrete Mixer
Engine
Mixing Drum
Body/Chassis/spring/tires/etc.
45
35
20
Engine
Upper Machinery
Track group
Body/chassis
Others, boom bucket, acc.
25
30
25
10
10
35
25
20
10
10
25
20
30
25
Loader
Engine
Transmission
Body Chassis
Bucket, tires, hydraulic
Excavators/Backhoe
Engine
Hydraulic System
(cyl., valves, hose, pipings)
Track group
Body, frame, arms & boom
others, bucket, etc.
Farm Tractor
Engine
Wheel
25
20
35
20
25
25
25
25
30
Crawler
30
25
15
30
Transmission
Body Chassis
Others, tires & attachment
25
20
25
Type
Truck Tractor
Engine
Transmission
Differential (tandem)
Body Chassis
Others, tires, spring, elect., etc.
30
10
10
25
25
80
20
1 Drum
50
20
15
15
Roller Vibratory
Engine
Transmission
Drum
Body Chassis
2 Drum
40
20
25
15
40
20
25 (including hydraulic system)
15
Tractor Crawler
Engine
30
Transmission Steering (Front Drive) 25
Track group
30
Body Chassis/dozer
15
Forklift
Engine
Transmission
Body/Chassis
Hydraulic, Tires &
Others
D.
Pneumatic Roller
40
25
20 (Tire)
15
35
10
25
30
E.
Compressor
Condenser
Evaporator
Fan Motor
Filter/Drier
Others
Type
41
14
12
20
3
10
%
TYPEWRITER (MANUAL)
Carriage Assembly
Type Basket Mechanism
Keyboards
Others
48
35
11
6
F.
DENTAL EQUIPMENT
Dental Unit & Chair
62
Air Scaler
14
Air Motor
14
Compressor HP
5
High Speed
3
Dental Stool
2
G.
MOTORCYCLE
Engine
23
Clutch, transmission,
35
sprocket & chain
Body/Chassis, shock
30
absorber & tank
Others, wheel tires,
12
electrical
H.
OTHERS
Concrete Vibrator
Engine
Vibrator
Pump
Engine
Pump
Generating Set
Engine
85
15
65
35
60
Generator
Welding Machine
Engine
Generator
40
60
40
Type
Air Compressor
Engine
Compressor
Body & Others
50
30
20
Chainsaw
Engine
Saw, etc.
80
20
Improvements
Land Improvements
Runways/taxiways
Railways
Electrification, Power and Energy
Structures
Buildings - those that are predominantly
Wood
Mixed
Concrete
Leasehold Improvements (Note I)
Land
Building
Wood
Mixed
Concrete
Office, Equipment, Furniture and Fixtures
Office Equipment
Furniture and Fixtures
IT Equipment-Hardware
Library Books
Machineries and Equipment
Machineries
Agricultural, Fishery and Forestry
Airport Equipment
Communication Equipment
Construction and Heavy Equipment
Firefighting Equipment and
Accessories
Hospital Equipment
Medical, Dental and Laboratory Equipment
Estimated
Useful
Life (in
years)
10
20
40
10
10
20
30
10
10
20
30
5
10
5
5
10
10
10
10
10
7
10
10
10
10
10
10
7
10
10
10
10
5
The estimated useful life shall depend on the length of the lease.
It shall be the period of the lease or the estimated useful life of
the assets, as given, whichever is shorter.
TABLE 3.
YEAR
PESO/DOLLAR
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
3.8081
3.8997
3.8998
3.9009
3.8954
3.9152
3.9158
3.9191
3.0246
3.4317
3.6748
3.7562
3.7878
3.2478
3.4402
3.4432
3.3781
3.3776
3.5113
3.8995
3.5399
14.0010
18.0000
19.0000
20.4360
20.6000
21.0947
22.3351
28.0000
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
27.4786
25.3451
27.0940
26.9514
25.7144
26.2157
34.2410
34.8081
40.8931
39.0890
44.1938
50.9927
51.6040
27.89,
2003
ANNEXES
ANNEX A
INSTRUCTIONS
A. This report shall be accomplished as follows:
1. As of - period covered by the report
2. Letter Head and logo of the agency
3. Fund - fund name/code
B.
ANNEX C
CHECKLIST FOR UNSERVICEABLE EQUIPMENT:
VEHICLES/HEAVY EQUIPMENT
Equipment Description/Type____________________Prop.No.__________
Unit Serial No._________________________Engine Serial No. __________
Acquisition Cost_____________________________Date__________________
Date Reported as Unserviceable ____________________________________
LEGEND:
S = Serviceable
M = Missing
ENGINE:
Operating Condition
Injection Pump Assembly
Injection/Nozzle Assy.
Fuel Pump Assembly
Cylinder Head Assembly
Water Pump Assembly
Radiator Assembly
Air Cleaner Assembly
Carburetor Assembly
Governor Assembly
Turbo Charger
Oil Cooler Assembly
No. of Cylinders
ELECTRICAL
Generator/Alterator
Assembly
Starter Assembly
Voltage Regulator Assy.
Solenoid Assembly
Ignition Coil Assy.
Magneto
Distributor Assembly
2/cap , rotor
Wiper Assembly
Headlight Assembly
Stop & Tail Light Assy.
Directional Light Assy.
(front & rear)
Battery
CLUTCH ASSEMBLY
X = Unserviceable
NA = Not Applicable
SUSPENSIONS:
FrontSpringAssembly
RearSpringAssembly
WHEELS:
Tires Front
Tires Rear
Spare Tire
PROPELLER SHAFT ASSY.:
Front
Rear
DIFFERENTIAL ASSY.:
Front
Rear
FINAL DRIVE
Sprocket Assembly
Drive Chain
UNDERCARRIAGES:
Track Link Assembly
Idler Assembly
Track Adjuster Assy.
Track Roller Assy.
Carrier Roller Assy.
TORQUE CONVERTER
CUSHIONS:
BODY/CAB/FENDERS
Front Seat
CHASSIS/FRAME
Rear Seat
WINDSHIELD
Operators Seat
FUEL TANK ASSEMBLY
GAUGES:
HYDRAULIC SYSTEM:
Hour/Service Meter
Hydraulic Pump Assembly
Speedometer
Hydraulic Motor Assembly
Tachometer
Hydraulic Hoses
Temperature Gauges
Control Valve Assembly
(water)
Hydraulic Cylinders
Oil Pressure Gauges
Converter oil Temperature
TRANSMISSION ASSEMBLY
Gauges
TRANSFERCASE ASSEMBLY
BRAKE SYSTEM:
WINDSHIELD
Master Cylinder Assembly
FUEL TANK ASSEMBLY
STEERING SYSTEM:
Power Steering System
Steering Clutch Assembly with Disc Plate & Brake Lining
ACCESSORIES:
Dozer/Blade Assembly
Riper Assembly
Cutting Edges
End Bits
Dragline Bucket
Clamshell Bucket
Backhoe Bucket
Ditching Bucket
Fairlead assembly
Tagline Assembly
(for crane)
(for crane)
Compressor
Cables
Boom Assembly
Boom Pulley
Lifting Block
Others
REMARKS:
Inspected by:
(NAME)
(DESIGNATION)
ANNEX C1
CHECKLIST FOR UNSERVICEABLE EQUIPMENT:
VEHICLES/HEAVY EQUIPMENT
Equipment Description/Type Mitsubishi L-200 Prop.No. Plate No. UFC - 963
Unit Serial No.
K14TJUNSL-010751
Engine Serial No. 4D56-D5940
Acquisition Cost
P 495,000.00
Date
December 16, 1995
Date Reported as Unserviceable _____________________________________
LEGEND:
S=
M=
Serviceable
Missin
g
ENGINE:
Operating Condition
Injection Pump
Assembly
Injection/Nozzle Assy.
Fuel Pump Assembly
Cylinder Head Assembly
Water Pump Assembly
Radiator Assembly
Air Cleaner Assembly
Carburetor Assembly
Governor Assembly
Turbo Charger
Oil Cooler Assembly
No. of Cylinders
ELECTRICAL
Generator/Alterator
Assembly
Starter Assembly
Voltage Regulator Assy.
Solenoid Assembly
Ignition Coil Assy.
Magneto
Distributor Assembly
2/cap , rotor
Wiper Assembly
X =
Unserviceable
NA =
Not Applicable
SUSPENSIONS:
S
FrontSpringAssembly
RearSpringAssembly
S
S
WHEELS:
S
S
S
S
Tires Front
Tires Rear
Spare Tire
S
S
S
NA
NA
NA
4
Front
Rear
NA
S
DIFFERENTIAL ASSY.:
Front
Rear
NA
S
NA
S
S
FINAL DRIVE
NA
NA
Sprocket Assembly
Drive Chain
NA
UNDERCARRIAGES:
NA
NA
NA
Headlight Assembly
Stop & Tail Light Assy.
Directional Light Assy.
(front & rear)
Battery
CLUTCH ASSEMBLY
CUSHIONS:
Front Seat
Rear Seat
Operators Seat
GAUGES:
Hour/Service Meter
Speedometer
Tachometer
Temperature Gauges
(water)
Oil Pressure Gauges
Converter oil Temperature
Gauges
BRAKE SYSTEM:
Master Cylinder
Assembly
S
S
S
S
NA
NA
NA
NA
NA
NA
S
WINDSHIELD (Front)
FUEL TANK ASSEMBLY
HYDRAULIC SYSTEM:
Hydraulic Pump Assembly
Hydraulic Motor Assembly
Hydraulic Hoses
Control Valve Assembly
Hydraulic Cylinders
S
NA
S
S
S
NA
S
NA
S
S
TRANSMISSION ASSEMBLY S
NA
TRANSFERCASE ASSEMBLY
NA
WINDSHIELD (rear)
STEERING SYSTEM:
Power Steering System
S
Steering Clutch Assembly with Disc Plate & Brake Lining
ACCESSORIES:
Dozer/Blade Assembly
Cutting Edges
Dragline Bucket
Backhoe Bucket
Fairlead assembly
(for crane)
Compressor
Boom Assembly
Lifting Block
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
Riper Assembly
End Bits
Clamshell Bucket
Ditching Bucket
Tagline Assembly
(for crane)
Cables
Boom Pulley
Others
NA
NA
NA
NA
NA
NA
NA
NA
REMARKS:
Fuel Injection Assy - for minor overhaul
Left Rear Side & Rear Bumper - with dents and scratches
Body of unit needs paint wash-over
Odometer Reading = 69,000 kms
Inspected by:
JUAN DELA CRUZ
(NAME)
Sr. TAS
(DESIGNATION)
ANNEX C2
CHECKLIST FOR UNSERVICEABLE EQUIPMENT:
VEHICLES/HEAVY EQUIPMENT
Equipment Description/Type L-200 1995 Model Prop.No. Plate No. UDR - 680
Unit Serial No. K14TYPSDE-839716 Engine Serial No.4D56-D6785
Acquisition Cost
P 495,000.00
Date
October 19, 1995
Date Reported as Unserviceable __Comparable Property_____
LEGEND:
S=
M=
Serviceable
Missing
X =
NA =
ENGINE:
Operating Condition
Injection Pump
Assembly
Injection/Nozzle Assy.
Fuel Pump Assembly
Cylinder Head Assembly
Water Pump Assembly
Radiator Assembly
Air Cleaner Assembly
Carburetor Assembly
Governor Assembly
Turbo Charger
Oil Cooler Assembly
No. of Cylinders
ELECTRICAL
Generator/Alterator
Assembly
Starter Assembly
Voltage Regulator Assy.
Solenoid Assembly
Ignition Coil Assy.
Magneto
Distributor Assembly
2/cap , rotor
Wiper Assembly
Headlight Assembly
Unserviceable
Not Applicable
SUSPENSIONS:
S
FrontSpringAssembly
RearSpringAssembly
S
S
WHEELS:
S
S
S
S
Tires Front
Tires Rear
Spare Tire
S
S
S
NA
NA
NA
4
Front
Rear
NA
S
DIFFERENTIAL ASSY.:
Front
Rear
NA
S
NA
S
S
FINAL DRIVE
NA
NA
Sprocket Assembly
Drive Chain
NA
UNDERCARRIAGES:
NA
NA
NA
S
S
NA
BRAKE SYSTEM:
Master Cylinder
Assembly
S
S
S
S
Idler Assembly
Track Adjuster Assy.
Track Roller Assy.
Carrier Roller Assy.
TORQUE CONVERTER
BODY/CAB/FENDERS
NA
NA
NA
NA
NA
S
WINDSHIELD (Front)
FUEL TANK ASSEMBLY
HYDRAULIC SYSTEM:
Hydraulic Pump Assembly
Hydraulic Motor Assembly
Hydraulic Hoses
Control Valve Assembly
Hydraulic Cylinders
S
NA
S
S
S
NA
S
NA
S
S
TRANSMISSION ASSEMBLY
S
NA
TRANSFERCASE ASSEMBLY
S
WINDSHIELD (rear)
STEERING SYSTEM:
Power Steering System
S
Steering Clutch Assembly with Disc Plate & Brake Lining
ACCESSORIES:
Dozer/Blade Assembly
Cutting Edges
Dragline Bucket
Backhoe Bucket
Fairlead assembly
(for crane)
Compressor
Boom Assembly
Lifting Block
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
Riper Assembly
End Bits
Clamshell Bucket
Ditching Bucket
Tagline Assembly
(for crane)
Cables
Boom Pulley
Others
NA
NA
NA
NA
NA
NA
NA
NA
REMARKS:
Engine needs top-overhauling
Signal lights and Headlight Assy. - not original/Taiwan
Needs underchassis repair - brake system & Suspension Assy.
Odometer Reading = 97,500 kms.
Inspected by:
JUAN DELA CRUZ
(NAME)
Sr. TAS
(DESIGNATION)
ANNEX D
CHECKLIST OF PROPERTIES FOR DISPOSAL
AIRCON/REFRIGERATOR/FREEZER
Equipment Description/Type____________________________________
Unit Serial No.________________________Prop.No._________________
Acquisition Cost_______________________Date____________________
Date Reported as Unserviceable ________________________________
LEGEND:
S =
M=
Serviceable
Missing
ELECTRICAL:
Motor Compressor
Running Capacitor
Starting Capacitor
Selector Switch
Magnetic Contactor
Relay
Overload Protector
Condensed Fan Motor
Fan Motor
Time Relay Switch
Wiring
Solenoid
X =
NA =
Unserviceable
Not Applicable
MECHANICAL:
Compressor
Thermostat
Condenser
Evaporator
Filter Drier
Capillary Tube
H/L Pressure Switch
Expansion Valve
Strainer
Surge Tank
Heat Exchanger
Sight Glass
OTHERS:
Body
Casing
Front Cover
Air Filter Element
Inspected by:
______________________________
(NAME)
______________________________
(DESIGNATION)
ANNEX E
Republic of the Philippines
XYZ Corporation
DISPOSAL COMMITTEE
Manila
APPRAISAL REPORT
Date:_____________
Subject:
Findings/Observations:
1.
2.
3.
Note: With individual Checklist and pictures hereto attached.
Valuation Procedures/Consideration:
1.
2.
3.
4.
5.
6.
Appraised Value
______________
______________
______________
P ____________
Prepared by:
JUAN DELA CRUZ
Member
Disposal Committee
ANNEX F