PISMO COAST VILLAGE RECREATIONAL VEHICLE RESORT AND RELATED ASSETS

3 Months Ended

Dec. 31, 2011

Property, Plant and Equipment Disclosure [Text Block]

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

At December 31, 2011, September 30, 2011 and December 31, 2010, property and equipment included the following:

		December 31, 2011		September 30, 2011		December 31, 2010
Land	$	9,957,263	$	9,957,263	$	9,957,263
Building and resort improvements		10,696,748		10,675,136		10,328,842
Furniture, fixtures, equipment and leasehold improvements		541,314		536,539		523,322
Transportation equipment		472,478		472,478		477,278
Construction in progress		74,559		59,690		77,670
		21,742,362		21,701,106		21,364,375
Less: accumulated depreciation		(7,698,865)		(7,620,008)		(7,381,936)
	$	14,043,497	$	14,081,098	$	13,982,439

- 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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