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WATER AND LAND ASSETS (Tables)
 9 Months Ended
May 31, 2020
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 May 31, 2020 and August 31, 2019:

  
May 31, 2020
  
August 31, 2019
 
  
Costs
  
Accumulated
Depreciation
and Depletion
  
Costs
  
Accumulated
Depreciation
and Depletion
 
Rangeview Water Supply
 
$
14,827,200
  
$
(15,200
)
 
$
14,823,800
  
$
(14,700
)
Sky Ranch water rights and other costs
  
7,486,200
   
(926,400
)
  
7,371,500
   
(757,400
)
Fairgrounds water and water system
  
2,899,800
   
(1,216,900
)
  
2,899,800
   
(1,151,000
)
Rangeview water system
  
15,905,500
   
(648,500
)
  
5,617,800
   
(372,300
)
Water Supply – Other
  
7,542,500
   
(1,036,600
)
  
4,758,200
   
(860,100
)
Wild Pointe service rights
  
1,631,800
   
(677,300
)
  
1,631,800
   
(489,800
)
Sky Ranch pipeline
  
5,727,300
   
(554,700
)
  
5,723,700
   
(411,600
)
Lost Creek water supply
  
3,372,500
   
—
   
3,324,000
   
—
 
Construction in progress
  
1,076,300
   
—
   
8,176,600
   
—
 
Totals
  
60,469,100
   
(5,075,600
)
  
54,327,200
   
(4,056,900
)
Net investments in water and water systems
 
$
55,393,500
      
$
50,270,300