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Note 3: Property and Equipment

12 Months Ended

Aug. 31, 2013

Note 3: Property and Equipment

Property and equipment consist of the following:

	August 31,
	2013	2012

Equipment	$ 1,401,811	$ 1,368,183
Rental equipment	58,940	58,940
Furniture and fixtures	300,061	298,576
Building improvements	54,736	54,736
Building	956,000	956,000
Land	244,000	244,000

	3,015,548	2,980,435

Less accumulated depreciation	(1,695,668)	(1,567,796)

	$1,319,880	$1,412,639

Depreciation expense for the years ended August 31, 2013, 2012 and 2011 totaled $128,121, $130,661 and $121,388, 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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