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6.C. - Page 64 of 124 <br />Redwood City Improvement Association <br />Notes to Financial Statements <br />November 30, 2019 and 2018 <br />Note 4 - Property and Equipment <br />Property and equipment at November 30, 2019, had a total cost of $393,758 and consisted mainly of projectors, <br />LED tree lights, and digital lighting equipment. Depreciation expense for the year ended November 30, 2019, <br />was $53,576. <br />10 <br />270 <br />