PISMO COAST VILLAGE RECREATIONAL VEHICLE RESORT AND RELATED ASSETS

6 Months Ended

Mar. 31, 2012

Property, Plant and Equipment Disclosure [Text Block]

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

At March 31, 2012, September 30, 2011 and March 31, 2011, property and equipment included the following:

		March 31,		September 30,		March 31,
		2012		2011		2011
Land	$	9,957,263	$	9,957,263	$	9,957,263
Building and resort improvements		11,074,248		10,675,136		10,332,175
Furniture, fixtures, equipment and leasehold improvements		551,730		536,539		526,033
Transportation equipment		472,478		472,478		472,478
Construction in progress		54,886		59,690		276,780
		22,110,605		21,701,106		21,564,729
Less: accumulated depreciation		(7,782,113)		(7,620,008)		(7,459,308)
	$	14,328,492	$	14,081,098	$	14,105,421

- 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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