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Right-Of-Use Assets, Net
6 Months Ended
Aug. 31, 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:

 

 

   Cost   Accumulated
Amortization
   August 31,
2022
Net Carrying Value
   February 28,
2022
Net Carrying Value
 
Right-of-use building (operating lease)  $59,546   $(19,571)  $39,975   $51,501 
Right-of-use vehicles (finance lease)   46,404    (37,756)   8,648    14,644 
Total  $105,950   $(57,327)  $48,623   $66,145 

 

During the six months ended August 31, 2022, the Company recorded rent expense of $8,914 (2021 - $4,385) related to Company’s right-of-use building and amortization expense of $4,986 (2021 - $14,238) related to the Company’s right-of-use vehicles.