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Investment in Real Estate
12 Months Ended
Dec. 31, 2021
Real Estate [Abstract]  
INVESTMENT IN REAL ESTATE

NOTE 6 – INVESTMENT IN REAL ESTATE

 

At December 31, 2021 and 2020, investment in real estate consisted of the following:

 

   Useful life  December 31,
2021
   December 31,
2020
 
Commercial real property building  39 Years  $7,708,571   $7,708,571 
Improvement  12 Years   529,372    519,040 
       8,237,943    8,227,611 
Less: accumulated depreciation      (709,173)   (541,925)
      $7,528,770   $7,685,686 

 

For the years ended December 31, 2021 and 2020, depreciation expense of this commercial real property amounted to $167,248 and $169,177, which was included in real property operating expenses.