What will the accumulated depreciation expense

Reference no: EM13267649

The Chester Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $4,090,000. What will the accumulated depreciation expense for this purchase (exclude all other plant and equipment) be after its second year of use? (Use FASB GAAP)

Select: 1

$2,454,000

$4,908,000

$2,726,667

$5,453,333

Reference no: EM13267649

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