6. Machinery and Equipment, Net

6 Months Ended

Jun. 30, 2012

Property, Plant and Equipment Disclosure [Text Block]

6.	Machinery and Equipment, Net

Machinery and equipment stated at cost less accumulated depreciation at June 30, 2012 and December 31, 2011 consisted of the following:

	2012			2011
Machinery and equipment	$	247,399,865		$	246,906,365
Auxiliary facilities		3,000,027			3,028,424
Transportation equipment		559,206			552,288
Office equipment		34,978			34,087
Electronic equipment		36,396			36,741
Subtotal		251,030,472			250,557,905
Accumulated depreciation		(82,351,189	)		(70,520,287	)
Construction in progress		8,437,509			2,887,029
Total	$	177,116,792		$	182,924,647

- 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

China Industrial Steel Inc. 10-Q/A