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What will the depreciation expense for this purchase

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Question - The Andrews Company has just purchased $47,976,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $4,797,600. What will the depreciation expense for this purchase (exclude all other plant and equipment) be after its second year of use?

$2,878,560

$3,198,400

$6,396,800

$5,757,120

Reference no: EM132008393

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