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What will the accumulated depreciation expense for purchse

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Question 1: The Andrews Company has just purchased $54,460,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $5,446,000. 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)

Option 1: $7,261,333

Option 2: $3,267,600

Option 3: $6,535,200

Option 4: $3,630,667

Reference no: EM132571110

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