PROPERTY AND EQUIPMENT NET |
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PROPERTY AND EQUIPMENT, NET | NOTE 5 – PROPERTY AND EQUIPMENT, NET
Property and Equipment consist of the following:
The useful lives of the Company’s property and equipment by asset class are as follows:
In the Consolidated Statements of Operations, depreciation expense is consolidated with amortization expense.
After allocating depreciation of machinery and equipment and 5511 Building of $76,966 for the quarter as overhead to finished goods, depreciation expense of $48,798 was recognized during the three months ended March 31, 2024.
In comparison, after allocating depreciation of machinery and equipment of $33,230 for the quarter as overhead to finished goods, depreciation expense of $33,813 was recognized during the three months ended March 31, 2023. |