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PROPERTY AND EQUIPMENT (TABLES)

3 Months Ended

Mar. 31, 2017

PROPERTY AND EQUIPMENT (Tables)

Property and equipment consists

Property and equipment consisted of the following:

		March 31,				December 31,
		2017				2016
Permit of land use		$	408,775			$	405,645
Building			9,492,387				9,419,700
Plant, machinery and equipment			26,379,439				26,151,029
Motor vehicle			312,167				309,777
Office equipment			184,128				182,718
Total			36,776,896				36,468,869
Less: accumulated depreciation			(12,354,523	)			(11,501,421	)
Property and Equipment, net		$	24,422,373			$	24,967,448

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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