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

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property and equipment consists of the following:



Property and Equipment
	December 31, 2014			December 31, 2013
Land	$	580,000		$	—
Natural gas pipeline	124,297,157			5,215,424
Vehicles and trailers	506,958			125,117
Office equipment and computers	59,027			15,627
Gross property and equipment	125,443,142			5,356,168
Less: accumulated depreciation	(2,623,020		)	(2,037,685		)
Net property and equipment	$	122,820,122		$	3,318,483

The amounts of depreciation of property and equipment recognized for the years ended December 31, 2014, December 31, 2013, November 30, 2012 and the one-month transition period ended December 31, 2012 were $593 thousand, $283 thousand, $281 thousand and $23 thousand, 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.

+ References + Details