Say you’re the owner of a car dealership and you want to find out the valuation that Kelley Blue Book uses as new models of cars are introduced Find the depreciation deduction, using the declining balance (DB) method with a 200% DB ratio, associated with the fourth year for a car that cost $41,000 and has an estimated MV of $8,300 at the end of its eight-year useful life. Express your answer in terms of dollars and cents, rounded to the nearest cent (e.g., 1234.56).

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