CorEnergy Infrastructure Trust, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Property and Equipment

Property and Equipment

12 Months Ended

Nov. 30, 2012

Property and Equipment [Abstract]

Property and Equipment

8. Property and Equipment

Property and equipment consists of the following:


Description	November 30, 2012			November 30, 2011
Natural gas pipeline	$	5,215,424		$	5,215,424
Vehicles and trailers		110,782			98,717
Computers		14,018			12,150

Gross property and equipment		5,340,224			5,326,291
Less accumulated depreciation		(1,751,202	)		(1,483,616	)

Net property and equipment	$	3,589,022		$	3,842,675

The amount of depreciation of property and equipment recognized for the year ended November 30, 2012 was $280,898. The amount of depreciation of property and equipment recognized for the period from September 21, 2011 through November 30, 2011 was $69,945.

- 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.

+ References + Details