The 2016 financial statements of Willamette Valley Vineyards, Inc. include the following footnote:
Note 4. Property and Equipment |
December 31, |
2016 |
2015 |
|||
Construction in progress |
$ 449,409 |
$482,284 |
||
Land |
8,063,716 |
5,089,472 |
||
Winery building and hospitality center |
14,458,309 |
13,756,320 |
||
Equipment |
10,122,593 |
9,055,987 |
||
33,094,027 |
28,384,063 |
|||
Less accumulated depreciation |
(12,897,082 |
) |
(11,654,901 |
) |
20,196,945 |
16,729,162 |
|||
Depreciation expense |
$ 1,254,455 |
$ 1,194,191 |
The average useful life of Willamette's depreciable assets at the
end of fiscal 2016 is:
Select one:
A. 14.2 years
B. 19.6 years
C. 2.4 years
D. 21.7 years
E. None of the above
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