NDAEB Annual Report 2019

National Dental Assisting Examining Board - Bureau national d'examen d'assistancedentaire Notes to Financial Statements December 31, 2019 9 1. Accounting Policies (continued) Tangible Capital Assets Property and equipment are accounted for at cost and amortized on the basis of their useful life using the straight-line method over the following durations: Building 25 years Office Equipment 5 years Computer Equipment 3 years Computer Software 2 years Intangible Assets Intangible assets are stated at cost less accumulated amortization. Amortization is recorded on the straight-line basis over the estimated life of fifteen years for trademarks. Internally Restricted Net Assets The net assets internally restricted for occupational analysis are for expenses related to National Occupational Analysis projects. The net assets internally restricted for litigation reserve are to set aside funds in the event of legal action in the future. 2. Net Change in Non-Cash Working Capital Balances 2019 2018 Accounts receivable $ (4,443) $ 206 Prepaid expenses 7,032 2,887 Accounts payable and accrued liabilities 44,405 14,504 Deferred revenue 13,000 - Deferred contributions 23,507 - $ 83,501 $ 17,597