PLANT, PROPERTY AND EQUIPMENT, NET

12 Months Ended

Mar. 31, 2012

NOTE 5 – PLANT, PROPERTY AND EQUIPMENT, NET

The components of property and equipment as of March 31, 2012 and 2011 were as follows:

	Year Ended
	March 31, 2012			March 31, 2011
Machinery & Equipment	$	538,461		$	516,935
Furniture & Fixture		164,536			96,156
Building		10,109,560			9,685,212
Subtotal		10,812,557			10,298,303
Less: Accumulated Depreciation		(1,149,219	)		(668,745	)
Total plant, property and equipment, net	$	9,663,338		$	9,629,558

The depreciation expense for the years ended March 31, 2012 and 2011 was $480,474 and $236,040, 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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