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3. WATER AND LAND ASSETS (Tables)
6 Months Ended
Feb. 28, 2017
Investments In Water Water Systems Land And Improvements Tables  
Schedule of water and water systems
   February 28, 2017  August 31, 2016
   Costs  Accumulated Depreciation and Depletion  Costs  Accumulated Depreciation and Depletion
Rangeview water supply  $14,475,900   $(9,700)  $14,444,600   $(9,400)
Sky Ranch water rights and other costs   6,660,400    (386,700)   6,607,400    (334,500)
Fairgrounds water and water system   2,899,900    (930,800)   2,899,900    (886,800)
Rangeview water system   1,637,800    (179,800)   1,624,800    (152,800)
Water supply – other   3,790,500    (349,600)   3,703,000    (297,800)
Wild Pointe service rights   1,661,000    (26,000)   —      —   
Construction in progress   4,499,600    —      723,500    —   
Totals   35,625,100    (1,882,600)   30,003,200    (1,681,300)
Net investments in water and water systems  $33,742,500        $28,321,900