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WATER AND LAND ASSETS (Tables)
3 Months Ended
Nov. 30, 2019
WATER AND LAND ASSETS [Abstract]  
Investments in Water and Water Systems
The Company’s Investments in Water and Water Systems consist of the following costs and accumulated depreciation and depletion at November 30, 2019 and August 31, 2019:

  
November 30, 2019
  
August 31, 2019
 
  
Costs
  
Accumulated
Depreciation
and Depletion
  
Costs
  
Accumulated
Depreciation
and Depletion
 
Rangeview Water Supply
 
$
14,827,000
  
$
(15,000
)
 
$
14,823,800
  
$
(14,700
)
Sky Ranch water rights and other costs
  
7,452,100
   
(811,500
)
  
7,371,500
   
(757,400
)
Fairgrounds water and water system
  
2,899,800
   
(1,173,000
)
  
2,899,800
   
(1,151,000
)
Rangeview water system
  
5,644,200
   
(425,900
)
  
5,617,800
   
(372,300
)
Water Supply – Other
  
4,761,200
   
(916,400
)
  
4,758,200
   
(860,100
)
Wild Pointe service rights
  
1,631,800
   
(489,800
)
  
1,631,800
   
(489,800
)
Sky Ranch pipeline
  
5,727,200
   
(459,300
)
  
5,723,700
   
(411,600
)
Lost Creek water supply
  
3,342,600
   
   
3,324,000
   
 
Construction in progress
  
9,507,000
   
   
8,176,600
   
 
Totals
  
55,792,900
   
(4,290,900
)
  
54,327,200
   
(4,056,900
)
Net investments in water and water systems
 
$
51,502,000
      
$
50,270,300