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

Dec. 29, 2012

Property, Plant and Equipment [Abstract]

Property, plant and equipment consist of the following:



	2012		2011
Land	$	732,213	$	515,105
Land improvements	707,286		681,278
Buildings	16,225,324		12,224,712
Machinery, fixtures and equipment	47,588,233		42,747,487
Construction-in-progress	3,748,831		2,378,018
	69,001,887		58,546,600
Less accumulated depreciation	40,966,957		39,833,076

Property, plant and equipment, net	$	28,034,930	$	18,713,524

The Company recorded depreciation expense of $2,832,000 in 2012 and $2,632,000 for 2011 and 2010, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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