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Republic of the Philippines CENTRAL MINDANAO UNIVERSITY Mutual, BukidnonFurnitures & FixturesSixth Edition July 2020Preface These Philippine Bidding Documents (Pads) for the procurement of Goods through
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Furniture and fixtures refer to the movable items that are used to support various human activities, like seating, sleeping, and storage.
Businesses or individuals who own or use furniture and fixtures as part of their operations are required to report them.
To fill out furniture and fixtures, one must provide a detailed list of all items, their original cost, and their current value.
The purpose of reporting furniture and fixtures is to track the value and depreciation of these assets for accounting and tax purposes.
Information such as the description of items, original cost, acquisition date, current value, and depreciation must be reported on furniture and fixtures.
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