PLANT, PROPERTY AND EQUIPMENT, NET

12 Months Ended

Mar. 31, 2011

NOTE 5 – PLANT, PROPERTY AND EQUIPMENT, NET

The components of property and equipment as of March 31, 2011 and 2010 were as follows:

	Year Ended
	March 31, 2011			March 31, 2010
Machinery & Equipment	$	516,935		$	477,089
Furniture & Fixture		96,156			92,355
Building		9,685,212			4,896,857
Subtotal		10,298,303			5,466,301
Less: Accumulated Depreciation		( 668, 745	)		(432,705	)
Total plant, property and equipment, net	$	9,629,558		$	5,033,596

The depreciation expense for the years ended March 31, 2011 and 2010 was $236,040 and $211,290, 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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