Financial Management for Barangay PDF

14.29. Accumulated Depreciation - Sewer Systems (1-07-03-031). This account is credited for the allocation of cost of sewer systems in accordance with the prescribed policy on depreciation. Debit this...

14.29. Accumulated Depreciation - Sewer Systems (1-07-03-031). This account is credited for the allocation of cost of sewer systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of the asset. 14.30. Accumulated Impairment Losses - Sewer Systems (1-07-03-032). This account is credited for the amount recognized to reduce sewer systems to its recoverable amount due to impairment. Debit this account upon derecognition of the asset or reversal of impairment loss. 14.31. Water Supply Systems (1-07-03-040). This account is used to record the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of water source facility such as artesian wells, dams/reservoirs, pumping stations and conduits; irrigation canals and laterals; waterways, aqueducts, water utilities systems and other water supply facilities for public use or for income generating purposes. Credit this account upon derecognition of the asset. 14.32. Accumulated Depreciation - Water Supply Systems (1-07-03-041). This account is credited for the allocation of cost of water supply systems in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of the asset. 14.33. Accumulated Impairment Losses - Water Supply Systems (1-07-03-042). This account is credited for the amount recognized to reduce water supply systems to its recoverable amount due to https://www.coa.gov.ph/wp-content/uploads/ABC-Help/Financial_Management_Brgy/da1.4.htm 1/2/25, 9 53 PM Page 1 of 3 :  impairment. Debit this account upon derecognition of the asset or reversal of impairment loss. 14.34. Parks, Plazas and Monuments (1-07-03- 050). This account is used to record the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of parks, plazas and monuments, for recreation and public use or for income generating purposes. Credit this account for derecognition of the carrying amount of the replaced portion. 14.35. Accumulated Depreciation - Parks, Plazas and Monuments (1-07-03-051). This account is credited for the allocation of cost of parks, plazas and monuments in accordance with the prescribed policy on depreciation. Debit this account upon derecognition of the asset. 14.36. Accumulated Impairment Losses - Parks, Plazas and Monuments (1-07-03-052). This account is credited for the amount recognized to reduce parks, plazas and monuments to its recoverable amount due to impairment. Debit this account upon derecognition of the asset or reversal of impairment loss. 14.37. Other Infrastructure Assets (1-07-03-990). This account is used to record the cost incurred in the purchase or construction or fair value, if acquired through donation or transfers without cost, of other public infrastructures which cannot be classified under any specific type of public infrastructures for public use or for income generating purposes. Credit this account upon derecognition of the carrying amount of the replaced portion. 14.38. Accumulated Depreciation - Other Infrastructure Assets (1-07-03-991). This account is credited for the allocation of cost of other infrastructure assets in accordance with the https://www.coa.gov.ph/wp-content/uploads/ABC-Help/Financial_Management_Brgy/da1.4.htm 1/2/25, 9 53 PM Page 2 of 3 :  prescribed policy on depreciation. Debit this account upon derecognition of the asset. 14.39. Accumulated Impairment Losses - Other Infrastructure Assets (1-07-03-992). This account is credited for the amount recognized to reduce other infrastructure assets to its recoverable amount due to impairment. Debit this account upon derecognition of the asset or reversal of impairment loss. Back | Next | Table of Contents | Home | https://www.coa.gov.ph/wp-content/uploads/ABC-Help/Financial_Management_Brgy/da1.4.htm 1/2/25, 9 53 PM Page 3 of 3 :