PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2012

12.

PROPERTY AND EQUIPMENT

		March 31, 2012			December 31, 2011

Buildings	$	2,701,829		$	2,684,739
Plant and machinery		1,874,239			1,518,712
Furniture, fixtures and office equipment		420,897			434,036
Motor vehicles		158,679			137,757
		5,155,644			4,775,244
Less: Accumulated depreciation		(1,049,138	)		(945,168	)
Net book value	$	4,106,506		$	3,830,076

	Depreciation expense was $98,015 and $79,619 for the three months ended March 31, 2012 and 2011, 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-Q