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Customer Deposits
3 Months Ended
May 31, 2012
Customer Deposits  
Customer Deposits

 

NOTE 11 – CUSTOMER DEPOSITS

 

A customer deposit of 50% of the selling price is sometimes made at the time a wind turbine is ordered. Deposits are reclassified to revenue once the unit is completed and delivered. Customer deposits were $901,540 at May 31, 2012 and $520,458 at February 29, 2012.