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LAND PROPERTY EQUIPMENT
12 Months Ended
Dec. 31, 2020
LAND PROPERTY EQUIPMENT  
5. LAND, PROPERTY & EQUIPMENT

Land, property & equipment consist of the following:

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Computer and software

 

$ 24,649

 

 

$ 21,795

 

Furniture and fittings

 

 

30,071

 

 

 

29,808

 

Office equipment

 

 

43,882

 

 

 

43,498

 

Renovations and improvements

 

 

354,034

 

 

 

350,937

 

Motor vehicle

 

 

134,131

 

 

 

81,007

 

Building

 

 

918,886

 

 

 

910,848

 

Land

 

 

225,455

 

 

 

223,483

 

Total

 

 

1,731,108

 

 

 

1,661,376

 

Less: accumulated depreciation

 

 

(870,321 )

 

 

(772,091 )

Net

 

$ 860,787

 

 

$ 889,285

 

 

The depreciation expense charged to general and administrative expenses were $88,276 and $78,170 for the years ended December 31, 2020 and 2019, respectively.