PISMO COAST VILLAGE RECREATIONAL VEHICLE RESORT AND RELATED ASSETS

12 Months Ended

Sep. 30, 2011

Property, Plant and Equipment Disclosure [Text Block]

NOTE 2 - PISMO COAST VILLAGE RECREATIONAL VEHICLE RESORT AND RELATED ASSETS

At September 30, 2011 and 2010, property and equipment included the following:


	2011	2010
Land	$ 9,957,263	$ 9,957,263
Building and park improvements	10,675,136	10,242,392
Furniture, fixtures, equipment and leasehold improvements	536,539	517,485
Transportation equipment	472,478	477,278
Construction in progress	59,690	68,277
	21,701,106	21,262,695
Less: accumulated depreciation	(7,620,008)	(7,296,266)
	$ 14,081,098	$ 13,966,429

- 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.

+ References+ Details