Property, Plant and Equipment-net
Land was stated at cost less reserve for loss from impairment of the asset.
Buildings and equipment were stated at cost less accumulated depreciation and reserve for loss from impairment of
the asset.
Depreciation of buildings and equipment has been calculated by using the Straight - Line Method at following period:
• Buildings 20 years
• Office equipment and Vehicles 5 years
• Furniture and Fixtures 5 years
• Computer components 3-5 years