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Note 3. Property and Equipment

3 Months Ended

Nov. 30, 2013

Note 3. Property and Equipment

Property and equipment consisted of the following:

	November 30, 2013	August 31, 2013

Equipment	$ 1,411,684	$ 1,401,811
Rental equipment	58,940	58,940
Furniture and fixtures	301,964	300,061
Building improvements	54,736	54,736
Building	956,000	956,000
Land	244,000	244,000

	3,027,324	3,015,548
Less accumulated depreciation	(1,725,789)	(1,695,668)

Property and equipment, net	$ 1,301,535	$ 1,319,880

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

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