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What will the book value of this purchase

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Question - 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 book value of this purchase (exclude all other plant and equipment) be after its third year of use? (Use FASB GAAP)

$29,448,000

$33,538,000

$35,446,667

$32,720,000

Reference no: EM132091189

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