Fixed Assets	12 Months Ended
Jun. 30, 2018
Notes to Financial Statements
Note 8: Fixed Assets	On June 30, 2015, the Company purchased land and a small office located at Aytaus g. 100, Varena, Lithuania. The purchase price of $8,655 was allocated as $4,327.50 for the building and $4,327.50 for the land. Prior to March 23, 2018, the Company utilized the space as its primary office. Fixed assets are stated at cost. The Company utilizes straight-line depreciation over the estimated useful life of the asset. Land – 0 years Buildings – 15 years Office Equipment – 7 years For the year ended June 30, 2018, the Company recorded depreciation expense of $289 for the building.

Fixed Assets

12 Months Ended

Jun. 30, 2018

On June 30, 2015, the Company purchased land and a small office located at Aytaus g. 100, Varena, Lithuania. The purchase price of $8,655 was allocated as $4,327.50 for the building and $4,327.50 for the land. Prior to March 23, 2018, the Company utilized the space as its primary office.

Fixed assets are stated at cost. The Company utilizes straight-line depreciation over the estimated useful life of the asset.

Land – 0 years

Buildings – 15 years

Office Equipment – 7 years

For the year ended June 30, 2018, the Company recorded depreciation expense of $289 for the building.

APEX RESOURCES INC/NV 10-K