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PROPERTY AND EQUIPMENT (TABLES)

12 Months Ended

Dec. 31, 2016

PROPERTY AND EQUIPMENT (Tables)

Property and equipment consists

Property and equipment consisted of the following:

		December 31,			December 31,
		2016			2015
Permit of land use		$	405,645		$	433,956
Building			9,868,491			10,557,234
Plant, machinery and equipment			25,700,825			27,325,440
Motor vehicle			249,122			242,860
Office equipment			244,786			256,679
Total			36,468,869			38,816,169
Less: accumulated depreciation			(11,501,421	)		(9,422,912	)
Property and Equipment, net		$	24,967,448		$	29,393,257

Useful lives of the assets

Depreciation is computed on a straight-line basis over the estimated useful lives of the assets as follows:

Asset		Life - years
Permit of land use		40 - 70
Building		20 - 49
Plant, machinery and equipment		5 - 10
Motor vehicle		5 - 10
Office equipment		3-5

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- References

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- Definition

Tabular disclosure of useful lives of the assets.

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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://www.xbrl.org/2003/role/presentationRef
-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

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-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=6877327&loc=d3e13212-122682

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