PROPERTY AND EQUIPMENT

9 Months Ended

Sep. 30, 2010

Note 8 - Property and Equipment

Property and equipment consist of the following:

	September 30, 2011			December 31, 2010

Buildings	$	2,484,156		$	1,144,422
Machinery		4,169,522			3,129,046
Machinery - capital lease		324,390			-
Office equipment		351,233			75,363
Gas storage vehicles and motor vehicles		125,604			127,350
Construction in progress		916,572			1,731,539
		8,047,087			6,207,720
Less: Accumulated depreciation		(1,826,427	)		(1,475,882	)

Total	$	6,220,660		$	4,731,838

Depreciation expense for three months ended September 30, 2011 and 2010 was $130,871 and $103,889 respectively. Depreciation expense for the nine months ended September 30, 2011 and 2010 was $299,265 and $213,829 respectively. For the nine months ended September 30, 2011 and 2010, amortization of equipment under capital lease included in depreciation expense was $10,468 and $-0-, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

CHINA PROSPEROUS CLEAN ENERGY Corp 10-Q