Property, Plant, and Equipment

3 Months Ended

Feb. 29, 2012

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

3. Property and Equipment

Property and equipment consists of the following:

	Cost $	Accumulated Depreciation $	February 29, 2012 Net Carrying Value $	May 31, 2011 Net Carrying Value $

Land	265,740	–	265,740	265,740
Buildings and improvements	657,470	(140,886)	516,584	587,027
Equipment	73,001	(9,978)	63,023	68,302
	996,211	(150,864)	845,347	921,069

- Definition

The entire disclosure for 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. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

HERE ENTERPRISES, INC. 10-Q