What should the agency do for PPE items found during the physical count but not recorded in the books?

For PPE items found at station during the inventory count, but which could not be traced in the accounting and property records, the subject PPE items, shall be recorded in the books based on its unit cost/value to be determined as follows:

  1. Cost/value may be assigned by the Inventory Committee based on the market/fair value of the item. The cost/value of a similar item in the RPCPPE may also be used by the Inventory Committee.
  2. If there are items for which market/fair value could not be easily determined by the Inventory Committee, their fair value shall be determined by appraisal.

(Ref.: Item 6.2 of COA Circular 2020-006 dated January 31, 2020)

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