The accounting year of a company ends on 31 December. It purchased a warehouse for $100000 on 1 January 2013. The warehouse had an estimated useful economic life of 25 years. The company's accounting policy is to depreciate the warehouse using the straight-line method. On 1 January 2018, the warehouse was revalued at $120000. What was the depreciation charge for the year ended 31 December 2018?

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