2020 Annual Report

City of Chilliwack 108 TOURISM CHILLIWACK INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2020 TOURISM CHILLIWACK INC. Notes to Consolidated Financial Statements (continued) Year ended Dece er 31, 2020 4. Tangible capital assets: 2020 2020 Opening Closing Cost Additions Disposals Cost Furniture and fixtures $ 65,201 $ 2,537 $ - $ 67,738 Computers 60,977 3,858 - 64,835 Leasehold improvements 127,915 - - 127,915 Website 81,222 6,000 - 87,222 $ 335,315 $ 12,395 $ - $ 347,710 2020 Opening 2020 Closing Accumulated Amortization Accumulated Amortization Disposals expense Amortization Furniture and fixtures $ 53,318 $ - $ 3,855 $ 57,173 Computers 53,272 - 4,015 57,287 Leasehold improvements 121,332 - 1,973 123,305 Website 77,983 - 4,157 82,140 $ 305,905 $ - $ 14,000 $ 319,905 2020 Opening 2020 Closing Net book value Net book value Furniture and fixtures $ 11,883 $ 10,565 Computers 7,705 7,548 Leasehold improvements 6,583 4,610 Website 3,239 5,082 $ 29,410 $ 27,805 Not included in tangible capital assets is $68,143 (2019 - $68,143) of works of art and cultural assets. During fiscal 2017, when these were purchased they were expensed on the statement of operations. 8