Property, Plant and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

NOTE 6 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment at December 31, 2022 and 2021 consisted of:

	December 31,			December 31,
	2022			2021
Building	$	2,795,874		$	3,037,848
Operating equipment		2,740,527			2,981,424
Vehicle		82,034			89,134
Office equipment		78,714			100,851
Apple Orchard		924,972			1,110,067
Construction in progress		2,876,250			3,125,180
		9,498,371			10,444,504
Less: Accumulated depreciation		(3,493,796	)		(3,250,242	)
	$	6,004,575		$	7,194,262

For the years ended December 31, 2022 and 2021, depreciation expense amounted to $494,439 and $513,563, respectively. Depreciation is not taken during the period of construction or equipment installation. Upon completion of the installation of manufacturing equipment or any construction in progress, construction in progress balances will be classified to their respective property and equipment category.

The construction in progress of $2,876,250 represents the investment of a black goat processing plant located in Shuangbai County, Chuxiong City, Yunnan Province, PRC.

MULIANG VIAGOO TECHNOLOGY, INC. 10-K/A