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. 28, 2013

Property, Plant and Equipment [Abstract]

Property, plant and equipment consist of the following:



	2013		2012
Land	$	912,213	$	732,213
Land improvements	713,545		707,286
Buildings	21,082,454		16,225,324
Machinery, fixtures and equipment	52,381,064		47,588,233
Construction-in-progress	5,023,108		3,748,831
	80,112,384		69,001,887
Less accumulated depreciation	44,229,008		40,966,957
Property, plant and equipment, net	$	35,883,376	$	28,034,930

The Company recorded depreciation expense of $3,516,000, $2,832,000, and $2,632,000 for 2013, 2012 and 2011, 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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