Ascent Industries Co. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment

Property, Plant and Equipment

12 Months Ended

Jan. 03, 2015

Property, Plant and Equipment [Abstract]

Property, plant and equipment consist of the following:



	2014		2013
Land	$	1,742,213	$	652,213
Land improvements	714,398		662,521
Buildings	21,371,594		18,586,308
Machinery, fixtures and equipment	56,651,197		50,239,409
Construction-in-progress	5,494,166		5,014,348
	85,973,568		75,154,799
Less accumulated depreciation	46,036,102		42,489,518
Property, plant and equipment, net	$	39,937,466	$	32,665,281

The Company recorded depreciation expense from continuing operations of $3,725,000, $3,074,000, and $2,394,000 for 2014, 2013 and 2012, respectively.

- Definition

The entire disclosure for 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.

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