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5. Intangible Assets: Property, Plant, and Equipment and Intangible Assets (Tables)

3 Months Ended

Nov. 30, 2014

Tables/Schedules

Property, Plant, and Equipment and Intangible Assets

	November 30, 2014		August 31, 2014
Patent	$  850,000		$  850,000
Other	43,655		43,655
	893,655		893,655
Accumulated amortization	(615,875)		(597,699)
Net book value	$  277,780		$  295,956

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- Definition

The entire disclosure for intangible assets and long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References

No definition available.

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