On January 1,2018,Sport Planes Manufacturing Company Purchased a Machine for $40,000,000.The

On January 1,2018,Sport Planes Manufacturing Company purchased a machine for $40,000,000.The company expects to use the machine for 24,000 hours over the next six years.The estimated residual value of the machine at the end of the sixth year is $40,000.The company used the machine for 3,600 hours in 2018 and 5,000 hours in 2019.What is the book value of the machine at the end of year 2019 if the company uses double-declining-balance method of depreciation? (Round your intermediate calculations.)