Enrile explains listing SALN

Rappler.com
Sen. Alan Peter Cayetano asks the prosecution how they interpret market value

MANILA, Philippines –  Senator Alan Peter Cayetano asks the prosecution how they interpret market value. Prosecution says they current fair market value should be the actual value, including improvements.

Enrile: Sa Salingang Batas, inuutos lang ilista ang assets, liabilites, net worth.You record asset by “historical cost”

Enrile says the Constitution orders to list down assets, liabilities, and net word, adds that one records the asset by ‘historical cost.’ He adds that what is important here is the acquisition cost. Other values may change or vary over time. – Rappler.com