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Right-Of-Use Assets, Net
12 Months Ended
Feb. 28, 2022
Right-of-use Assets Net  
Right-Of-Use Assets, Net

 

5.Right-Of-Use Assets, Net

 

Right-of-use assets, net, consist of the following:

 

Schedule of Right-of-Use Assets, Net

   Cost   Accumulated
Amortization
   February 28,
2022
Net Carrying Value
   February 28,
2021
Net Carrying Value
 
Right-of-use building (operating lease)  $65,621   $(14,120)  $51,501   $66,905 
Right-of-use vehicles (finance lease)   51,138    (36,494)   14,644    25,898 
Total  $116,759   $(50,614)  $66,145   $92,803 

 

During the year ended February 28, 2022, the Company recorded rent expense of $17,909 (2021 - $nil) related to Company’s right-of-use building and amortization expense of $10,317 (2021 - $10,917) related to the Company’s right-of-use vehicles.