PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2012

PROPERTY, PLANT AND EQUIPMENT, NET [Abstract]

7. PROPERTY, PLANT AND EQUIPMENT, NET

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


	December 31,
	2011			2012
Cost
Buildings and plant	$	222,690,125		$	437,805,571
Machinery and equipment		261,834,469			344,782,948
Furniture, fixtures and equipment		4,119,045			9,233,575
Motor vehicles		591,714			519,923
Less: Accumulated depreciation		(96,375,060	)		(133,746,851	)

Property, plant and equipment, net	$	392,860,293		$	658,595,166
Construction in process		243,614,398			19,300,108

Total	$	636,474,691		$	677,895,274

Depreciation expense was $30,751,063, $35,479,645 and $37,371,791 for the years ended December 31, 2010, 2011 and 2012, respectively.

Due to the challenging solar market conditions, the Company recognized an impairment of long-lived assets of $38,512,376 and $42,754,481 for its wafer and solar module business during the years ended December 31, 2011 and 2012, respectively. The impairment of long-lived assets was to reflect the market challenges that have an adverse effect on the expected profit-generating ability of wafer and module business.

- 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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