2. Property, Plant and Equipment

12 Months Ended

Oct. 31, 2016

Notes

2. Property, Plant and Equipment

2. Property and Equipment

Property and equipment consist of the following as of October 31, 2016 and 2015:

	Estimated useful lives	2016	2015
Leasehold improvements	3-5 years	$    216,000	$      207,000
Equipment	5-10 years	5,727,000	5,431,000
Furniture and fixtures	5-10 years	563,000	538,000
		6,506,000	6,176,000
Less accumulated depreciation		5,319,000	4,822,000
Total		$1,187,000	$    1,354,000

The Company recorded depreciation expense on the assets included in Property and equipment of $496,000 and $425,000 for fiscal years 2016 and 2015, respectively.