REVENUE EARNING DEVICES

9 Months Ended

Nov. 30, 2019

Revenue Earning Devices

REVENUE EARNING DEVICES

7. REVENUE EARNING DEVICES 

Revenue earning devices consisted of the following: 

	November 30, 2019			February 28, 2019
Revenue earning devices	$	358,539		$	229,958
Less: Accumulated depreciation		(100,447	)		(42,784	)
	$	258,092		$	187,174

During the nine months ended November 30, 2019, the Company made total additions to revenue earning devices of $132,081 including $106,256 in inventory transfers. The company disposed of a revenue earning device having a net book value of $3,500 for $11,000 and recorded a gain on disposal of $7,500. During the nine months ended November 30, 2018, the Company made total additions to revenue earning devices of $229,958. 

Depreciation expense was $22,107 and $57,664 for the three and nine months ended November 30, 2019, respectively, and $13,646 and $28,434 for the three and nine months ended November 30, 2018, respectively.