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Note 7 - Plant, Property and Equipment, Net

3 Months Ended

Nov. 30, 2012

Note 7 - Plant, Property and Equipment, Net

NOTE 7 - PLANT, PROPERTY AND EQUIPMENT, NET

The components of plant, property and equipment as of November 30, 2012 and May 31, 2012 were as follows:


	November 30, 2012		May 31, 2012

Machinery	$	1,258,249	$	1,106,702
Electronic Equipment		69,938		182,934
Transportation Equipment		256,905		283,872
Subtotal		1,585,092		1,573,507
Less: Accumulated Depreciation		(1,089,783)		(1,024,186)
Total plant, property and equipment, net	$	495,309	$	549,322

The depreciation expense for the three months ended November 30, 2012 and 2011 was $25,540 and $29,425, respectively.

The depreciation expense for the six months ended November 30, 2012 and 2011 was $54,013 and $67,245, 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.

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