The farm pays part-time workers $210,000 per year to pick the cherries. The cherry picker would cost $550,000, have a 8-year useful life with no salvage value, and be depreciated using the straight-line method. The cherry picker's annual out-of-pocket costs would be cost of an operator and an assistant, $95,000; insurance, $4,000; fuel, $12,000; and a maintenance contract, $15,000