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PISMO COAST VILLAGE RECREATIONAL VEHICLE RESORT AND RELATED ASSETS

3 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 - PISMO COAST VILLAGE RECREATIONAL VEHICLE RESORT AND RELATED ASSETS

At December 31, 2013, September 30, 2013 and December 31, 2012, property and equipment included the following:

	December 31, 2013	September 30, 2013	December 31, 2012
Land	$ 9,957,263	$ 9,957,263	$ 9,957,263
Building and resort improvements	10,691,168	10,691,168	10,275,009
Furniture, fixtures, equipment and leasehold improvements	476,623	476,623	459,976
Transportation equipment	480,881	459,718	457,989
Construction in progress	76,450	69,240	179,889
Property and Equipment, Gross	21,682,385	21,654,012	21,330,126
Less: accumulated depreciation	(7,373,696)	(7,284,448)	(7,052,547)
Total	$14,308,689	$14,369,564	$14,277,579

Depreciation expense for December 31, 2013 and 2012 were $90,346 and $82,091 respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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