11 NORTHERN COLLEGE OF APPLIED ARTS AND TECHNOLOGY Notes to Financial Statements Years ended March 31, 2013 and March 31, 2012 4. Capital assets: Accumulated Net Book March 31, 2013 Cost Amortization value Land $ 369,570 – 369,570 Buildings 49,164,092 22,271,366 26,892,726 Site improvements and parking lots 310,892 305,728 5,164 Leasehold improvements 866,897 704,419 162,478 Furniture and equipment 19,662,315 15,487,833 4,174,482 $ 70,373,766 38,769,346 31,604,420 Accumulated Net Book March 31, 2012 Cost Amortization value Land $ 369,570 – 369,570 Buildings 48,478,123 21,302,310 27,175,813 Site improvements and parking lots 310,892 297,743 13,149 Leasehold improvements 866,897 650,260 216,637 Furniture and equipment 18,931,775 13,907,491 5,024,284 $ 68,957,257 36,157,804 32,799,453 Accumulated Net Book April 1, 2011 Cost Amortization value Land $ 369,570 – 369,570 Buildings 47,390,423 20,422,750 26,967,673 Construction in progress 253,479 – 253,479 Site improvements and parking lots 310,892 289,758 21,134 Leasehold improvements 866,897 596,101 270,796 Furniture and equipment 17,376,620 12,569,371 4,807,249 $ 66,567,881 33,877,980 32,689,901