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. 31, 2011

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Note 2 Property, Plant and Equipment

Property, plant and equipment consist of the following:

	2011		2010
Land	$	515,105	$	451,523
Land improvements		681,278		635,217
Buildings		12,224,712		11,938,434
Machinery, fixtures and equipment		42,747,487		42,366,519
Construction-in-progress		2,378,018		1,286,579
		58,546,600		56,678,272
Less accumulated depreciation		39,833,076		38,486,325

Total property, plant and equipment	$	18,713,524	$	18,191,947

The Company recorded depreciation expense of $2,632,000 for both 2011 and 2010 and $2,332,000 in 2009, 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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