PLANT AND EQUIPMENT |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Aug. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| PLANT AND EQUIPMENT | NOTE 6 — PLANT AND EQUIPMENT Plant and equipment consists of the following:
As of October 25, 2024, upon closing of the JAR Acquisition, the Successor revalued its vehicles to a fair value of $295,912. No additional asset transfers occurred post-acquisition, and the Predecessor’s vehicles, with a historical cost of $1,137,130, were fully retained. Depreciation expense was $16,472 and $50,532 for the three months ended August 31, 2026 and August 31, 2025, respectively, and $39,144 and $147,268 for the nine months ended August 31, 2026 and August 31, 2025, respectively. |
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