Property, Plant and Equipment

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 3 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:

	December 31,			December 31,
	2019			2018
Permit of land use	$	403,755		$	409,612
Building		9,375,817			9,511,832
Plant, machinery and equipment		26,309,262			26,576,409
Motor vehicle		308,334			312,807
Office equipment		217,058			198,292
Total		36,614,226			37,008,952
Less: accumulated depreciation		(20,300,399	)		(17,714,573	)
Property, plant and equipment, net	$	16,313,827		$	19,294,379

Depreciation is computed on a straight-line basis over the estimated useful lives of the assets as follows:

Asset	Life - years
Permit of land use	40 - 70
Building	20 - 49
Plant, machinery and equipment	5 - 10
Motor vehicle	5 - 10
Office equipment	3 - 5

Depreciation relating to office equipment was included in general and administrative expenses, while all other depreciation was included in cost of revenue. Depreciation expense was $2,871,134 and $3,143,596 for the years ended December 31, 2019 and 2018, respectively.