Practical Irrigation And Pumping Water Requirements Methods of Irrigation And

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If, on the other hand, it is to be regarded as a necessary appurtenance to the land and as something which gives to the farm its value, then it is wise to make immediate provision against the time when it will be consigned to the junk heap and a new equipment installed. This means, then, that in addition to paying for fuel, supplies, repairs, attendance, and interest on first cost, it should earn yearly such a sum as will, when put at interest, have accumulated at the end of such time as it may... be expected the plant will last, a sum that will be; 148 PRACTICAL IRRIGATION AND PUMPING sufficient to pay for a new plant. It will be seen that it is a difficult matter to estimate the yearly sum which should be set aside, since, in the first place, it is a problem in annuities and compound interest, and, in the second place, it is very difficult to tell just how long the plant will last. In other words, what number of years is it reasonable to assume must elapse before the plant is so badly worn out that it will be cheaper to replace it entirely than to attempt to repair it?

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