If a piece of equipment is bought new for $50,000.00. You will depreciate it over 2,000 hrs. of use. If the equipment is used on the job for 60 hrs., how much depreciation are you allowed to deduct?

If a piece of equipment is bought new for $50,000.00. You will depreciate it over 2,000 hrs. of use. If the equipment is used on the job for 60 hrs., how much depreciation are you allowed to deduct?