NOTE 5 – FIXED ASSETS AND LEASEHOLD IMPROVEMENT

6 Months Ended

Feb. 28, 2022

Property, Plant and Equipment [Abstract]

NOTE 5 – FIXED ASSETS AND LEASEHOLD IMPROVEMENT

NOTE 5 – FIXED ASSETS AND LEASEHOLD IMPROVEMENT

The Company capitalized the renovation cost as leasehold improvement and the cost of furniture and appliances as fixed asset. Leasehold improvement relates to renovation and upgrade of an office and an offline display store. The leasehold improvement is depreciated over 3 years which equal the terms of the operating lease for renting an office. The furniture and appliances are depreciated over 7 and 5 years, respectively.

The depreciation expense was $26,600 and $26,448 for six months February 28, 2022 and February 28, 2021, respectively.

	February 28, 2022			August 31, 2021
Leasehold improvement	$	146,304		$	146,304
Appliances and furniture		25,974			25,974
Total cost		172,278			172,278
Accumulated depreciation		(145,173	)		(118,573	)
Property and equipment, net	$	27,105		$	53,705