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BUILDING, MACHINERY AND EQUIPMENT | 12 Months Ended
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Oct. 31, 2021
Property, Plant and Equipment [Abstract] |
BUILDING, MACHINERY AND EQUIPMENT | NOTE 4 – BUILDING, MACHINERY AND EQUIPMENT: Building machinery and equipment at October 31, 2021 and 2020 consisted of the following: SCHEDULE OF MACHINERY AND EQUIPMENT
|  | Estimated Useful Life |  | 2021 |  |  | 2020 |
Improvements |  | 15-30 years |  | $ | 233,766 |  |  | $ | 233,766 |
Building |  | 31 years |  |  | 900,321 |  |  |  | - |
Machinery and equipment |  | 7 years |  |  | 8,441,382 |  |  |  | 8,492,395 |
Furniture and fixtures |  | 7 years |  |  | 1,082,022 |  |  |  | 1,082,022 |
|  |  |  |  | 10,657,491 |  |  |  | 9,808,183 |
Less, accumulated depreciation |  |  | 7,994,863 |  |  |  | 7,610,864 |
|  | $ | 2,662,628 |  |  | $ | 2,197,319 |
COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2021 AND 2020 NOTE 4 – BUILDING, MACHINERY AND EQUIPMENT (cont’d): Depreciation expense totaled $600,357 and $678,951 for the years ended October 31, 2021 and 2020, respectively. In October 2021 the Company sold $651,175 of machinery and equipment with a carrying value of $434,817 at disposal for $113,166 of proceeds and recognized a loss on disposal of $321,651 recorded as a component of operating expenses for the year ended October 31, 2021.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916 + Details
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