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10 LAS VEGAS LAND AND WATER COMPANY TABLE I 1 ANNUAL DEPRECIATION EXPENSE AND DEPRECIATION RESERVE 1949 and 1950 Using Present-Day" "Cost of Plant 1949 Present- Estimated Annual Reserve Day Average Service S.L. Requirement Item Cost Age Life Depreciation 12/51/49 p i ? — “ (Years; "(Years; I T Sparling meter 8 ” 1,545 0 . 0 0 25 55 - Water pump (portable) 450 1 1 . 0 0 25 17 187 W. I. pipe 5” 1,165 40.00 40 29 1,165 Welded steel pipe 6 ” 19,889 7.00 40 497 5,479 C. I. pipe 2" 575 0 . 0 0 40 14 - 4° 151,981 11.67 40 5,299 58,499 6 ” 456,278 6.50 50 9,126 59,519 8 ” 281,106 6.75 65 4,525 29,194 10” 58,000 4.85 65 892 4,526 12” 110,057 4.19 80 1,576 5,765 16” 1,524 1 0 . 0 0 80 19 190 Office furniture 865 58.00 40 22 819 Chevrolet sedan 1,685 9.00 1 2 140 1,260 Oldsmobile ” 2,675 2 . 0 0 1 0 267 554 Shop bldg., frame 1,078 58.00 40 27 1,024 Equipment & tools 958 58.00 40 24 910 Chevrolet truck 1,860 2 . 0 0 6 510 620 International truck 1,759 0 . 0 0 6 290 ’ ... Total |T7O7T,20i t h 51778 f207 727 $1477201 Adjustment for defense projects 5,956 - Adjusted Totals fl6,77I $147,291 Use |16,800 1950 ~Depreciation Expense On 1949 capft al 1 20,727 On 1950 A»s & B ’s (Table H) 1,521 Total $ 22,048 Adjustment for defense projects 5,956 Adjusted Total fl87"092 - Use $18,100 Reserve Requirement — 147',2'9X"+ 27yO'4H"'= |169,559