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PROPERTY AND EQUIPMENT
3 Months Ended
Jul. 31, 2024
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 5 – PROPERTY AND EQUIPMENT

 

Property and equipment as of July 31, 2024 and April 30, 2024 are summarized as follows:

 

Cost

 

Furniture and Equipment

 

 

Computer Equipment

 

 

Automobile

 

 

Total

 

April 30, 2024

 

$72,504

 

 

$9,215

 

 

$59,503

 

 

$141,222

 

Additions

 

 

-

 

 

 

-

 

 

 

67,874

 

 

 

67,874

 

July 31, 2024

 

$72,504

 

 

$9,215

 

 

$127,377

 

 

$209,096

 

 

Accumulated Depreciation

 

Furniture and Equipment

 

 

Computer Equipment

 

 

Automobile

 

 

Total

 

April 30, 2024

 

$28,490

 

 

$5,760

 

 

$4,563

 

 

$38,813

 

Additions

 

 

5,202

 

 

 

1,152

 

 

 

6,369

 

 

 

12,723

 

July 31, 2024

 

$33,692

 

 

$6,912

 

 

$10,932

 

 

$51,536

 

 

Net book value

 

Furniture and Equipment

 

 

Computer Equipment

 

 

Automobile

 

 

Total

 

April 30, 2024

 

$44,014

 

 

$3,455

 

 

$54,940

 

 

$102,409

 

July 31, 2024

 

$38,812

 

 

$2,303

 

 

$116,445

 

 

$157,560

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

During the three months ended July 31, 2024 and 2023, the Company acquired four automobiles of $67,874 and had no additions in property and equipment, respectively.

 

As of July 31, 2024 and April 30, 2024, Property and Equipment were $157,560 and $102,409, respectively. Depreciation expenses of $12,723 and $6,354 were incurred during the three months ended July 31, 2024 and 2023, respectively.