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10-K - DEGARO INNOVATIONS CORP FORM 10-K FOR 2012 - Blue Water Petroleum Corp.degaro-form10k2012.htm
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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.