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NOTE 4 – PROPERTY AND EQUIPMENT
12 Months Ended
Aug. 31, 2023
Property, Plant and Equipment [Abstract]  
NOTE 4 – PROPERTY AND EQUIPMENT

NOTE 4 – PROPERTY AND EQUIPMENT

 

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 the leased office.

 

The depreciation expense was $4,441 and $41,010 for the years ended August 31, 2023 and 2022, respectively.

 

As of August 31, 2023 and 2022, the balance of property and equipment was as follows:

 

   August 31, 2023  August 31, 2022
Leasehold improvement  $146,304   $146,304 
Appliances and furniture   25,974    25,974 
Total cost   172,278    172,278 
Accumulated depreciation   (164,024)   (159,583)
Property and equipment, net  $8,254   $12,695