Note 6 - Property, Plant and Equipment

6 Months Ended

Nov. 30, 2013

NOTE 6 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of the balance sheet dates are summarized as follows:

	November 30, 2013	May 31, 2013
At cost:
Computer and software	$ 574,457	$587,392
Telecommunication equipment	5,131,649	5,048,888
Furniture, fixtures and equipment	207,116	205,308
Motor vehicles	127,003	125,871
Leasehold improvement	35,489	35,253
	6,075,714	6,002,712

Less: Accumulated depreciation	(4,477,242)	(4,102,151)
Property, plant and equipment, net	$1,598,472	$1,900,561

Depreciation expense for the six months ended November 30, 2013 and 2012 amounted to $336,915 and $322,397, respectively.

- 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