PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2011

NOTE 10

PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following:

	As of December 31,
	2011			2010
Cost:
Buildings	$	11,399,913		$	10,026,230
Office equipment		383,797			348,433
Motor vehicles		688,283			604,869
Machinery		15,597,187			12,499,837
Total cost		28,069,180			23,479,369
Less: Accumulated depreciation		(7,503,305	)		(5,290,114	)
Net book value	$	20,565,875		$	18,189,255

Depreciation expense for the years ended December 31, 2011, 2010 and 2009 was $1,895,512, $1,961,895 and $1,479,025, 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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