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Property and Equipment, Net
 12 Months Ended
Feb. 28, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

4. PROPERTY AND EQUIPMENT, NET

Property and equipment, net, consisted of the followings:

 

 

 

As of

 

 

 

February 28,
2021

 

 

February 28,
2022

 

 

 

RMB

 

 

RMB

 

 

USD

 

Leasehold improvement

 

 

41,029

 

 

 

5,283

 

 

 

837

 

Motor vehicles

 

 

2,819

 

 

 

2,892

 

 

 

458

 

Electronic equipment

 

 

5,281

 

 

 

2,368

 

 

 

375

 

Office equipment & furniture

 

 

7,071

 

 

 

1,206

 

 

 

191

 

Construction in progress

 

 

729

 

 

 

5,101

 

 

 

810

 

Total

 

 

56,929

 

 

 

16,850

 

 

 

2,671

 

Less: accumulated depreciation

 

 

41,125

 

 

 

8,207

 

 

 

1,301

 

Property and equipment, net

 

 

15,804

 

 

 

8,643

 

 

 

1,370

 

 

For the years ended February 29, 2020, February 28, 2021 and 2022, depreciation expenses were RMB15,424, RMB13,754 and RMB8,458 (US$1,341), respectively.

The Group recorded impairment loss for property and equipment of RMB7,871 (US$1,248) for the year ended February 28, 2022, which arose as a result of the changes in the regulatory environment and the Business Restructuring.