(b) Property and equipment Computer equipment, equipment and furnitures, and truck vehicle are stated at cost, less accumulated amortization. Amortization is calculated using the declining method at the following rates: Computer equipment Equipment and furnitures Truck vehicle 55% 10% 30% NOTE 5: PROPERTY AND EQUIPMENT 2020 2019 Cost Accumulated Amortization Net carrying Net carrying amount amount Computer equipment S 5,774 S 5,497 S 277 S 616 Equipment and furnitures 762,067 513,875 Truck vehicle 250 37 S 768,091 S 248,192 269,458 519,409 $ 248,682 S 270,074 213