Question: A farmer purchases a machine for $ 2 5 , 0 0 0 . The machine depreciates at a rate of 1 0 % per

A farmer purchases a machine for $25,000. The machine depreciates at a rate of 10% per year. The machine is used for 125 hours annually across all farm enterprises. The farmer plans to use the machine for a specific crop that covers 2 acres, with each acre requiring 5 hours of machine time. What is the total annual depreciation of this machine for the farm?
$200
$250
$2,500
10 hours
$1250
A farmer purchases a machine for $ 2 5 , 0 0 0 .

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