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LAND, PROPERTY EQUIPMENT
3 Months Ended
Mar. 31, 2021
LAND, PROPERTY EQUIPMENT  
5. LAND, PROPERTY & EQUIPMENT

Land, property & equipment consist of the following:

 

 

 

March 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Computer and software

 

$ 24,342

 

 

$ 24,649

 

Furniture and fittings

 

 

29,698

 

 

 

30,071

 

Office equipment

 

 

43,337

 

 

 

43,882

 

Renovations and improvements

 

 

349,639

 

 

 

354,034

 

Motor vehicle

 

 

132,465

 

 

 

134,131

 

Building

 

 

907,478

 

 

 

918,886

 

Land

 

 

222,656

 

 

 

225,455

 

Total

 

 

1,709,615

 

 

 

1,731,108

 

Less: accumulated depreciation

 

 

(883,296 )

 

 

(870,321 )

Net

 

$ 826,319

 

 

$ 860,787

 

 

The depreciation expense charged to general and administrative expenses were $24,039 and $21,448 for the three months ended March 31, 2021 and 2020, respectively.