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EXCEL - IDEA: XBRL DOCUMENT - Midwest Energy Emissions Corp.Financial_Report.xls
10-Q - FORM 10-Q - Midwest Energy Emissions Corp.meec_10q.htm
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EX-10.1 - LETTER AGREEMENT - Midwest Energy Emissions Corp.meec_ex101.htm
EX-31.2 - CERTIFICATION - Midwest Energy Emissions Corp.meec_ex312.htm
EX-31.1 - CERTIFICATION - Midwest Energy Emissions Corp.meec_ex311.htm
EX-32.2 - CERTIFICATION - Midwest Energy Emissions Corp.meec_ex322.htm
EX-32.1 - CERTIFICATION - Midwest Energy Emissions Corp.meec_ex321.htm
v2.4.0.6
Property And Equipment, Net
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Note 5 - Property And Equipment, Net

Property and equipment at March 31, 2012 and December 31, 2011 are as follows:

 

    2012     2011  
Equipment & Installation   $ 1,547,559     $ 1,547,559  
Office equipment     23,941       23,941  
Computer equipment     11,985       11,985  
Total Equipment     1,583,485       1,583,485  
Less: accumulated depreciation and impairment charges     548,563       16,788  
Property and equipment, net   $ 1,034,922     $ 1,566,697  

 

The Company uses the straight-line method of depreciation over 3 to 10 years. During the year ended December 31, 2011, the Company installed equipment with a total cost of $1,499,080 at the site of its first commercial customer in Centralia, Washington. This equipment is subject to a bargain purchase option on January 1st, 2015 and the Company also bears the cost of asset retirement at the end of the commercial contract should the customer not exercise the purchase option. The Company believes that if required to retire, the scrap value of the equipment would offset the cost of removal. During the quarter ended March 31, 2012, depreciation expense charged to operations was $131,775.