PLANT, PROPERTY AND EQUIPMENT, NET

9 Months Ended

Dec. 31, 2011

NOTE 6 - PLANT, PROPERTY AND EQUIPMENT, NET

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

	Period Ended,
	December 31,			March 31,
	2011			2011
Machinery & Equipment	$	537,897		$	516,935
Furniture & Fixture		164,364			96,156
Building		10,098,970			9,685,212
Subtotal		10,801,231			10,298,303
Less: Accumulated Depreciation		(1,016,390	)		(668,745	)
Total plant, property and equipment, net	$	9,784,841		$	9,629,558

The depreciation expense for the three months ended December 31, 2011 and 2010 was $27,885 and 24,066, respectively.

The depreciation expense for the nine months ended December 31, 2011 and 2010 was $155,283 and $100,992, 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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