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3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Fixed Assets (Policies)
12 Months Ended
Jan. 31, 2024
Policies  
Fixed Assets

Fixed Assets 

 

Equipment is stated at cost, net of accumulated depreciation. The cost of equipment is depreciated using the straight-line method over five years. Expenditures for maintenance and repairs are charged to expense as incurred. As of January 31, 2024, the website has been fully amortized. Additions, major renewals, and replacements that increase the equipment's useful life are capitalized. Equipment sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income.