City of Stirling Transport Asset Managment Plan

5.1.4 Asset valuations The City has migrated from asset valuations based on ‘historical cost’ to asset valuations based on ‘fair value’ methods for transport assets. The approximate value of transport assets as at 30 June 2018 is summarised in Table 5.5.

Annual depreciation expense

Accumulated depreciation

Asset type

Replacement value

Fair value

Roads

$1,617.7M

$18.2M

$127M

$1490.7M

Pathways

$104.5M

$1.7M

$12.7M

$91.8M

Car parks

$12.5M

$0.79M

$0.12M

$11.7M

Table 5.5 Asset valuations

38