NOTE 5 - FIXED ASSETS |
3 Months Ended |
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Jan. 31, 2025 | |
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract] | |
NOTE 5 - FIXED ASSETS | NOTE 5 - FIXED ASSETS
The company recognizes purchased assets with a useful life longer than one year as fixed or non-current assets. These assets are depreciated using the straight-line method of depreciation over the estimated useful life of the assets.
During the period ended January 31, 2025, the Company purchased no fixed assets. The Company is depreciating previously purchased assets over a 1-15 year period once they were put into use. Depreciation expense for the period ended January 31, 2025 was approximately $16,774.
During the year ended October 31, 2024, the Company purchased additional long-term assets totaling $1,218,854, including software. The Company is depreciating fixed assets over a 1-39 year period once they were put into use. Depreciation expense for the year ended October 31, 2024 was $1,251,414.
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