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NOTE 4 – PROPERTY AND EQUIPMENT
9 Months Ended
May 31, 2024
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 assets. Leasehold improvement relates to renovation and upgrade of the leased office.

 

The depreciation expense was $3,325 and $3,332 for the nine months ended May 31, 2024 and 2023, respectively.

 

As of May 31, 2024 and August 31, 2023, the balance of property and equipment was as follows:

 

  

May 31,

2024

  August 31, 2023
Leasehold improvement  $146,304   $146,304 
Appliances and furniture   25,974    25,974 
Total cost   172,278    172,278 
Accumulated depreciation   (167,349)   (164,024)
Property and equipment, net  $4,929   $8,254