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INTANGIBLE ASSET

12 Months Ended

Dec. 31, 2021

INTANGIBLE ASSET

Intangible Asset

NOTE 6 – INTANGIBLE ASSET

Intangible asset is software development cost incurred by company, it will be amortized on a straight line basis over the estimated useful life of 5 years as follow:

December 31, 2021
		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount				Weighted Average Useful Life (Years)
Intangible assets:
Software development		$	57,143			$	(25,176	)		$	31,967				5
Foreign currency translation adjustment			-				-				5,798
Intangible assets, net		$	57,143			$	(25,176	)		$	37,765

Amortization expense for intangible assets was $12,519 for the year ended December 31, 2021.

Expected future intangible asset amortization as of December 31, 2021 was as follows:

Fiscal years:
Remaining 2022		$	25,176
2023			12,588

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

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- References

No definition available.

+ Details

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