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9 LAS VEGAS LAND AND WATER COMPANY ANNUAL DEPRECIATION EXPENSE AND DEPRECIATION RESERVE 1949 and T95Q | " Using Original Cost of Plant TABLE I 1949 Item Original Average Cost Age Estimated Service Life Annual S.L. Depreciation Reserve Requirement 12/31/49 %n (fears) (Years) ~ t j T ~ r ^ — Sparling meter 8 ” 842 0 .0 0 25 34 - Water pump (portable) 255 1 1 .0 0 25 1 0 1 1 0 Wo I. pipe SM 444 ooo 40 1 1 444 Welded steel pipe 6 £ 14,425 o oc 40 361 2,527 C„ I. pipe -2" 575 0 .0 0 40 14 - ft 87,564 1 0 .0 2 . 40 2,184 21,884 6 ” 551,009 4.87 50 7,020 34,187 8 ” 200,497 6.15 65 3,085 18,973 1 0 " 49,798 5.25 65 766 2,474 1 2 " 88,694 5.79 80 1,109 4,203 16" 904 1 0 .0 0 80 1 1 1 1 0 Office furniture 552 58.00 40 8 304 Chevrolet sedan 1,059 9.00 1 2 87 783 Oldsmobile "* 2,725 2 .0 0 10 272 544 Shop bldg., frame 285 58.00 40 7 266 Equipment & tools 507 58.00 40 8 304 Chevrolet truck 1,779 2 o 00 6 296 592 International truck 1,759 0 .0 0 6 290 Total Adjustment for |805,011 5,65 defense projects 51.56 $l5,5V3 2,979 #877755 Adjusted Totals 1950 Use $12,594 12,600 $87,705 Depreciation Expense On 1949 Capital " 1950 A ’s & B * s 140,000 1 1 , Total 2 ^ Adjustment for defense projects Adjusted Total Reserve Requirement 8V,705 + 16,894 = #15,573 1,521 $16,894 2,979 $13,915 - #104,599 Use $13,900