Problem $5$

Intro

$8$ years ago, a new machine cost $$6$ million to purchase. The machine was to be linearly depreciated to zero over $25$ years.

Part $1$

Attempt $\frac{1}{6}$ for $10$ pts$.$

What is the annual depreciation $($in $$)?$

Part $2$

Attempt $\frac{1}{6}$ for $10$ pts$.$

What is the current book value $($in $ $)?$