Property and Equipment, Net

12 Months Ended

Jun. 30, 2024

NOTE 6 – PROPERTY AND EQUIPMENT, NET

Property and equipment consist of the following:


	Office equipment			Total
	$			$
Cost
At July 1, 2022		19,131			19,131
Additions		8,888			8,888
Written-off		(703	)		(703	)
Effects of movements in exchange rates		948			948
At June 30, 2023		28,264			28,264
Written-off		(7,740	)		(7,740	)
Effects of movements in exchange rates		(130	)		(130	)
At June 30, 2024		20,394			20,394

Accumulated depreciation
At July 1, 2022		8,524			8,524
Depreciation for the year		4,855			4,855
Written-off		(442	)		(442	)
Effects of movements in exchange rates		336			336
At June 30, 2023		13,273			13,273
Depreciation for the year		5,644			5,644
Written-off		(6,885	)		(6,885	)
Effects of movements in exchange rates		(78	)		(78	)
At June 30, 2024		11,954			11,954

Carrying amounts
At June 30, 2023		14,991			14,991
At June 30, 2024		8,440			8,440

Depreciation expense for the year ended June 30, 2024 and 2023 were $5,644 and $4,855, respectively.