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A crane used by a construction company has a cost of $80,000, an estimated residual value of $9,500, and an estimated useful life of 10

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A crane used by a construction company has a cost of $80,000, an estimated residual value of $9,500, and an estimated useful life of 10 years. The company purchased the crane on November 3rd, 2017. What should the company report as their depreciation expense in 2018 if they use the double declining method? Round your answer to the nearest dollar

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