Business, 22.05.2020 03:04 janyiareese12
The 2015 financial statements of Willamette Valley Vineyards include the following footnote:
2015
2014
Land
8,661,567
4,119,116
Winery building and hospitality center
7,378,516
6,795,799
Equipment
7,162,200
6,299,500
23,202,283
17,214,415
Less accumulated depreciation
(9,543,193)
(8,908,779)
$ 13,659,090
$8,305,636
Revenues
25,000,000
22,000,000
Depreciation expense
$ 669,781
$ 646,333
Calculate the property, plant and equipment turnover for 2015
b. Estimate the useful life on average for Willamette’s depreciable assets at the end of fiscal 2015.
c. Estimate the property and equipment’s percent-used-up at the end of fiscal 2015
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The 2015 financial statements of Willamette Valley Vineyards include the following footnote:
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