CorEnergy Infrastructure Trust, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

Property and Equipment

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Property and equipment consists of the following:



Property and Equipment
	March 31, 2015			December 31, 2014
Land	$	580,000		$	580,000
Natural gas pipeline	124,313,621			124,297,157
Vehicles and trailers	506,958			506,958
Office equipment and computers	59,027			59,027
Gross property and equipment	125,459,606			125,443,142
Less: accumulated depreciation	(3,455,219		)	(2,623,020		)
Net property and equipment	$	122,004,387		$	122,820,122

The amounts of depreciation of property and equipment recognized for the three months ended March 31, 2015 and 2014, were $832 thousand and $71 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