Property And Equipment

12 Months Ended

Sep. 30, 2011

NOTE 4 - PROPERTY AND EQUIPMENT

Property and equipment consist of the following:


	September 30,
	2011			2010
Land and improvements	$	3,540,000		$	3,540,000
Buildings and improvements		13,128,000			12,637,000
Equipment		11,154,000			10,284,000

		27,822,000			26,461,000
Less: Accumulated depreciation and amortization		(19,473,000	)		(18,688,000	)

Property and equipment, net	$	8,349,000		$	7,773,000

Property and equipment includes approximately $10,304,000 and $10,566,000 of fully depreciated assets, which remain in service during fiscal 2011 and 2010.

- 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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