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PROPERTY, PLANT AND EQUIPMENT, NET
 12 Months Ended
Sep. 30, 2021
PROPERTY, PLANT AND EQUIPMENT, NET  
PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 6 – PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following:

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​

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​

​

​

​

​

​

    

As of

    

As of

​

​

September 30, 2021

​

September 30, 2020

Property and Buildings

​

$

9,711,722

​

$

9,114,893

Machinery and equipment

​

 

19,594,986

​

 

18,175,739

Automobiles

​

 

689,651

​

 

611,923

Office and electric equipment

​

 

148,439

​

 

137,588

Subtotal

​

 

30,144,798

​

 

28,040,143

Construction in progress

​

 

2,020,457

​

 

158,975

Less: accumulated depreciation

​

 

(23,045,753)

​

 

(20,780,090)

Property and equipment, net

​

$

9,119,502

​

$

7,419,028

​

Depreciation expense was $1,145,447, $1,055,314 and $1,137,822 for the years ended September 30, 2021, 2020 and 2019 respectively.

Construction in progress represents costs of construction incurred for Gansu QLS’s new manufacturing facilities in Dongdong Gobi Agricultural Industrial Park, Jiuquan, Gansu. The construction was completed and transferred to Property and equipment in November 2021.

As of September, 30, 2021, Qilian Chengdu made advance payments for property and buildings acquisition for $2,243,622, which was recorded in prepayments for property and equipment on the consolidated balance sheets. $1,061,037 of the property was received and accepted in November 2021. The rest properties are anticipated to receive by December 2022.