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Pismo Coast Village Recreational Vehicle Resort and Related Assets

12 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 3 – Pismo Coast Village Recreational Vehicle Resort and Related Assets

At September 30, 2014 and 2013, property and equipment included the following:

	2014		2013
Land	$	9,957,263	$	9,957,263
Building and park improvements		11,073,714		10,691,168
Furniture, fixtures, equipment and leasehold improvements		534,546		476,623
Transportation equipment		484,607		459,718
Construction in progress		102,346		69,240
Property and Equipment, Gross		22,152,476		21,654,012
Less: accumulated depreciation		(7,495,022)		(7,284,448)
Total	$	14,657,454	$	14,369,564

Depreciation expense for the years ended September 30, 2014 and 2013 was $378,932 and $343,930, 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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