PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2011

12.

PROPERTY AND EQUIPMENT

		2011			2010

Buildings	$	2,684,739		$	2,584,596
Plant and machinery		1,518,712			1,351,729
Furniture, fixtures and office equipment		434,036			123,716
Motor vehicles		137,757			294,812
		4,775,244			4,354,853
Less: Accumulated depreciation		(945,168	)		(564,088	)
Net book value	$	3,830,076		$	3,790,765

	Depreciation expense was $356,292 and $266,127 for the years ended December 31, 2011 and December 31, 2010, 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

TEC Technology, Inc. 10-K