Property, Plant and Equipment

12 Months Ended

Feb. 28, 2013

NOTE 8 – PROPERTY, PLANT AND EQUIPMENT


	February 28, 2013		February 29, 2012
Land	$	19,104	$	17,727
Buildings		205,071		186,205
Capitalized software		152,867		108,228
Equipment and fixtures		444,717		417,106

		821,759		729,266
Less accumulated depreciation		449,307		441,490

	$	372,452	$	287,776

During 2013, the Corporation disposed of approximately $36,000 of property, plant and equipment that included accumulated depreciation of approximately $34,000. During 2012, the Corporation disposed of approximately $19,000 of property, plant and equipment that included accumulated depreciation of approximately $18,000.

Depreciation expense totaled $44,326, $38,651 and $40,637 in 2013, 2012 and 2011, respectively. Interest expense capitalized was $2,355, $1,138 and $10 in 2013, 2012 and 2011, respectively.

- 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.

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