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The 2016 financial statements of Willamette Valley Vineyards, Inc. include the following footnote: Note 4. Property...

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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