Property, Plant and Equipment

12 Months Ended

Jun. 30, 2012

Property, plant and equipment are comprised of the following amounts at the respective dates:

	As of
	June 30, 2012			June 30, 2011
Cost:
Rental properties – commercial and residential	$	3,929,220		$	1,316,152
Land		436,580			146,239
Furniture and fixture		18,821			0
Total		4,384,621			1,462,391
Accumulated depreciation		(113,141	)		(34,376	)
Net	$	4,271,480		$	1,428,015

The value of land is evaluated by the Company periodically to determine the recoverability rather than depreciated over time. No impairments of land were recognized during the years ended June 30, 2012 and 2011, respectively.

During the years ended June 30, 2012 and 2011, the Company had depreciation expenses of $80,371 and $34,055, respectively, included in cost of revenues.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

Centurytouch Ltd 10-K