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WATER AND LAND ASSETS (Tables) | 12 Months Ended
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Aug. 31, 2021
WATER AND LAND ASSETS [Abstract] |
Water and Water Systems | The Company’s water and water systems consist of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | August 31, 2021 | ​ | August 31, 2020
​ | ​ | ​ | ​ | ​ | Accumulated | ​ | ​ | ​ | ​ | Accumulated
​ | ​ | ​ | ​ | ​ | Depreciation | ​ | ​ | ​ | ​ | Depreciation
​ |  | Costs |  | and Depletion |  | Costs |  | and Depletion
​ | ​ | (In thousands)
Rangeview water supply | ​ | $ | 14,622 | ​ | $ | (17) | ​ | $ | 14,570 | ​ | $ | (15)
Sky Ranch water rights and other costs | ​ |  | 7,338 | ​ |  | (1,087) | ​ |  | 7,499 | ​ |  | (981)
Fairgrounds water and water system | ​ |  | 2,900 | ​ |  | (1,327) | ​ |  | 2,900 | ​ |  | (1,239)
Rangeview water system | ​ |  | 17,526 | ​ |  | (1,470) | ​ |  | 15,948 | ​ |  | (789)
Water supply – Other | ​ |  | 7,569 | ​ |  | (1,433) | ​ |  | 7,550 | ​ |  | (1,116)
Wild Pointe service rights | ​ |  | 1,632 | ​ |  | (775) | ​ |  | 1,632 | ​ |  | (708)
Sky Ranch pipeline | ​ |  | 5,727 | ​ |  | (793) | ​ |  | 5,727 | ​ |  | (602)
Lost Creek water supply | ​ |  | 3,374 | ​ |  | — | ​ |  | 3,372 | ​ |  | —
Construction in progress | ​ |  | 3,304 | ​ |  | — | ​ |  | 1,339 | ​ |  | —
Totals | ​ |  | 63,992 | ​ |  | (6,902) | ​ |  | 60,537 | ​ |  | (5,450)
Net investments in water and water systems | ​ | $ | 57,090 | ​ | ​ | ​ | ​ | $ | 55,087 | ​ | ​ | ​
Useful Lives by Asset Class | The following table presents the estimated useful lives by asset class used for calculating depreciation and depletion charges: ​
​ | ​ | ​
Assets Classes |  | Estimated Useful Lives
Wild Pointe |  | Units of production depletion
Rangeview water supply |  | Units of production depletion
Lost Creek water supply |  | Units of production depletion
Rangeview, Sky Ranch and WISE water systems |  | 30 years
ECCV wells |  | 10 years
Furniture and fixtures |  | 5 years
Trucks and heavy equipment |  | 5 years
Water system general (pumps, valves, etc.) |  | 5 years
Computers |  | 3 years
Water equipment |  | 3 years
Software |  | 1 year
Land and Mineral Interest | As of August 31, the costs allocated to the Company’s land is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | August 31, 2021 |  | August 31, 2020
​ | ​ | (In thousands)
Sky Ranch Land | ​ | $ | 2,601 | ​ | $ | 3,569
Sky Ranch development costs | ​ | ​ | 3,105 | ​ | ​ | 1,128
Lost Creek land | ​ |  | 218 | ​ |  | 218
Net land and mineral interest | ​ | $ | 5,924 | ​ | $ | 4,915
​

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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