RIGHT-TO-USE LEASE ASSETS, NET

6 Months Ended

Feb. 28, 2021

Transfers and Servicing [Abstract]

RIGHT-TO-USE LEASE ASSETS, NET

NOTE 6 – RIGHTS-TO-USE LEASE ASSETS, NET 

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

	February 28, 2021			August 31, 2020
Right-to-use gross asset	$	215,853		$	228,510
Less: accumulated amortization		(130,272	)		(102,156)
Right-to-use asset, net	$	85,581		$	126,354

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

Year ending February 28,		Amortization expense
	2021	$	74,619
	2022	$	10,962
	Total	$	85,582