DEGARO INNOVATIONS CORP. - FORM 10-K - XML - IDEA: XBRL DOCUMENT

3. Property and Equipment

12 Months Ended

Jul. 31, 2012

Property, Plant and Equipment Disclosure [Text Block]

3. Property and Equipment

Net property and equipment consisted of the following as of July 31, 2012 and 2011:

	July 31, 2012	July 31, 2011
Furniture and equipment	$ 18,305	$ 12,370
Accumulated depreciation	(2,463)	(773)
Property and equipment, net	$ 15,842	$ 11,597

During the years ended July 31, 2012 and 2011, the Company recorded depreciation expense of $1,690 and $773, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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DEGARO INNOVATIONS CORP. - FORM 10-K - XML - IDEA: XBRL DOCUMENT - November 13, 2012

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