2019 Annual Report

Annual Report 2019 93 CHILLIWACK ECONOMIC PARTNERS CORPORATION Notes to Financial Statements (continued) Year ended December 31, 2019 5. Tangible capital assets: 2019 2019 Opening Closing cost Additions Disposals cost Buildings $ 5,204,643 $ - $ - $ 5,204,643 Leasehold improvements 907,687 2,550 - 910,237 Computer and office equipment 310,746 1,990 151,815 160,921 Website 114,187 2,400 - 116,587 Telecommunication equipment 28,590 - 23,291 5,299 Land 196,196 - - 196,196 $ 6,762,049 $ 6,940 $ 175,106 $ 6,593,883 2019 2019 Opening Closing accumulated Amortization accumulated amortization Disposals expense amortization Buildings $ 1,098,182 $ - $ 186,369 $ 1,284,551 Leasehold improvements 643,188 - 58,557 701,745 Computer and office equipment 228,153 149,070 19,638 98,721 Website 97,397 - 13,593 110,990 Telecommunication equipment 26,958 22,713 905 5,150 $ 2,093,878 $ 171,783 $ 279,062 $ 2,201,157 2019 2019 Opening net Closing net book value book value Buildings $ 4,106,461 $ 3,920,092 Leasehold improvements 264,499 208,492 Computer and office equipment 82,593 62,200 Website 16,790 5,597 Telecommunication equipment 1,632 149 Land 196,196 196,196 $ 4,668,171 $ 4,392,726 8