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PISMO COAST VILLAGE RECREATIONAL VEHICLE RESORT AND RELATED ASSETS
12 Months Ended
Sep. 30, 2012
Property, Plant and Equipment Disclosure [Text Block]

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


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


 

2012

2011

Land

$ 9,957,263

$ 9,957,263

Building and park improvements

10,272,349

10,675,136

Furniture, fixtures, equipment and leasehold improvements

449,226

536,539

Transportation equipment

457,989

472,478

Construction in progress

62,027

59,690

Property and Equipment, Gross

21,198,854

21,701,106

Less: accumulated depreciation

(6,971,553)

(7,620,008)

Property and Equipment, Net

$14,227,301

$14,081,098


Depreciation expense for 2012 and 2011 was $316,068 and $332,854 respectively.