Property and Equipment

12 Months Ended

Mar. 28, 2021

Property and Equipment

Property and Equipment

Note 3. Property and Equipment

All of the Company’s property and equipment is located in the United States and is summarized as follows:

	2021		2020
Land	$	4,740,800	$	4,740,800
Building, building improvements and leasehold improvements		21,265,400		20,921,800
Information technology equipment		5,003,000		5,255,000
Furniture, telephone system, equipment and tooling		8,910,500		9,039,000
		39,919,700		39,956,600
Less accumulated depreciation		(27,348,100)		(26,522,900)
Property and equipment, net	$	12,571,600	$	13,433,700

Depreciation of property and equipment was $1,667,500, $1,683,000, and $1,507,300 for fiscal years 2021, 2020 and 2019, respectively.