SUNation Energy, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property, Plant And Equipment

Property, Plant And Equipment

12 Months Ended

Dec. 31, 2012

Property, Plant And Equipment [Abstract]

Property, Plant And Equipment

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment and the estimated useful lives are as follows:



	Estimated	December 31
	useful life	2012		2011
Land		$	3,135,351	$	3,114,330
Buildings and improvements	7-40 years		8,858,976		8,779,969
Machinery and equipment	3-15 years		23,247,888		23,266,325
Furniture and fixtures	5-10 years		3,644,306		3,966,579
Construction in progress			1,546,732		515,095
			40,433,253		39,642,298
Less accumulated depreciation			(25,958,340)		(25,623,279)
		$	14,474,913	$	14,019,019

- 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