RIGHT-TO-USE LEASE ASSETS, NET

12 Months Ended

Aug. 31, 2020

Transfers and Servicing [Abstract]

RIGHT-TO-USE LEASE ASSETS, NET

NOTE 7 – RIGHTS-TO-USE LEASE ASSETS, NET

Rights-to-use lease assets, net consisted of the following:

	August 31,			August 31,
	2020			2019
Leased properties under operating leases	$	228,510		$	—
Less: accumulated amortization		(102,156	)		—
Right-to-use asset, net	$	126,354		$	—

The estimated amortization expenses for each of the two succeeding years is as follows:

Year ending August 31,		Amortization expense
	2021	$	77,082
	2022	$	49,273
	Total	$	126,355